New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-08-27
DENYING RUMoRS ABOUT 4 Railway

To me FditOr OT The Tribune.
SIR: You will doubtless be glad to learn that
the apprehension expires ed in yonr financial column Of
tbe morning in regard to the condition Of the funds and
works o. this company Is without foundations also that
the officers Of The COMPANY whom your reporter saw
DENY that they entertained or intended TO convey the
impression given by the published remarks attributed to
Them. ar an, impression similar thereto Your repro
sentative ha. doubtless attached mistaken idea to the
natural and proper any Willingness OF bureau officers OF
te company not in charge Of the work t. commit them
selves in reg ri 10 estimates II cost OF nc uader CON
struction. with which they have nothing 10 no.
The last suggestion about "canceling bonds" IA so
peculiar that you will not be- surprised TO learn uat
have been unable find any officer or emp!oye OF TINS
company who admits haNinS cohcei'cu VI SUI" " 9u7A
ton or having uttered it,
ON March : last. ~ 2l2.500 Denver consoS were
listed on August ~ 100000 more we're listed hli-
ion more are expected to he listed in about MONTH
and the track j.. now being lt so rapidly one mile ana
81 lalf per day) on earthworks that have been under
way for long time that before the close OF TINS year
H. arly SOB 100000 bonds will in all probability DC en-
titled 10 he listed.
This may not he rapid enough TO meet the eXpec'a-
lions Of the inpatient but when Is remembered That
over 500 miles OF line have been completed within the
last two wears and four months and that In February
next we fully expect e. open the iue to salt Lake across
be entire zone OF the Rocky Mountains, 1t will be con
coded that the company has nos been id'c.
A has been fully explained, the bonds are issued in
accordance the mortgage TO provide the means for
bulding the road The listing an affair OF the stock
Exchange and only take place on any section afer
the track Is laid and such section Is ready To be
operated lao matter how many millions may have already
been expenied preparing for the final step IN the pro-
cess II seems repeat this, although the
case is common. believe to every important line Dut
nv subscriptions and although one connected with the
conuany has been able inquiry 10 learn that the ru
NOR of overssuc which your article refers has Deem
heard either on Wall elsewhere, after the an
answer which published when this subject
came up six months or year ago
twas not TO be expected perhaps that the rapidly
approaching completion of independent line TO salt
ai onening mn I'm connection with the Chicago, Bur
ingtou and Quincy and the AtchisOn IOpvAl ana SANTA
Fc RarOnds, route OF access IRON all parts the
East to Utah and practically To san Francisco, should
escape attack FROM opposing interests.
Whether this Is the source OF these and
adverse rumnrs whch have become somewhat nOtOrl-
ous in connection with this company II Is unnecessary
10 discuss but that they will have the effect Of pre-
venting or DELAYING opening OF this Zone
certainly not inferior In importance the people of the
IJniled States with any other railroad building
| bythe Denver and Rio Grande Railway Company Will
! be- completed IN November or December. The portion
In Utah being done by the Denver and Rio Grande
Western Company, which has ample resources 10 com
pete its share. Whatever may be the origin Of these
gan with the starting OF this Salt lake line they viii
cease when TINS connection has been made.
Lastly, without going into the question OF earnings
which II equal to all expectations not b, auy
means unsatisfactory, would call your attention To Oh,
always been by far tho best for traffic and that had YOU
own basis OF Illustration, Tor Instance. deem applied las
year. 1t would have shown the earnings Tor the remain
der OF those twelve months TO be twenty-five per cen
less than they actually In word they averages
and n about 1S $50 600 per day for the re-
mainder OF that year Yours, truly,
President. Denver and Rio Grande Railway Company
Nec York. Aug %