, 1889-02-09
WILL SURELY BUILD.
The Pacific Short Line Has Plenty
of Capital.
Will Construct 500 Miles Westward
This Season.
To be Pushed from Ogden to Wyo-
ming's Coal Fields.

A special dispatch to the Omaha Her.
aid from Sioux City, Iowa. says that
progress toward raising funds for the
Wyoming & Eastern, or Pacific Short
Line, as the proposed line IRON Sioux
City to Ogden, Utah, is Familiarity known
is being made in a manner satisfactory to
the promoters of the scheme, and it nov
appears to be almost certain that the
line will be built during the coming sum
mer.
For the last three weeks a committee of
Sioux City men has been in New York
comforting with the capitalists who are
backing the enterprise, known as the
Wyoming Improvement company. This
committee returned home Saturday, and
last evening a meeting of the subscribers
to the stock of the company was held and
a report of the committee received. 1t
will be remembered that about $4OO,OO 0
has been subscribed by local parties to
the construction fund of the company.
The report of the committee IN brief was
that the collection of % per cent of this
800. 900 subscribed would insure the be-
ginning of Corporations at this end of the
line at once. A committee from the
New York directory will arrive here dur
ing the latter part of the week and they
promise to put in Sl50,000 cash to every
500, 900 that Sioux City will put in, and
in that way furnish means to push the
road ahead. Thus for 800, 900 sub
scribed by the Sioux City men the New
Workers will put in 5000, 900, making a
cool 81, 200, 900 with which it is proposed
to build 500 miles of road.
At the meeting many inquiries were
made and satisfactorily answered by the
committee as to the ability OF the New
York parties to hold up their end OF the
contract Letters were also read from H.
A. Jandt of this city, who is now in New
York, to the effect that he has %investi-
gated the standing of all the directors and
found them to be men of means, business
and honor. The committee stated plainly
that it was the primary intention of the
organizers of the company to build from
Oregon eastward about o miles during
the coming season to the vast coal in,er-
ests in Wyoming that are controlled BY
the company. This determination will be
carried out, and in addition to that the
work will be prosecuted from this end
with the aid of the Sioux City subscrip-
ton. There are no ifs or lands
about it. The proposition has been made
and accepted and the money subscribed.
The first quarter of the assessment will be
called for this week, and together with
the $50, 600 furnished by the Eastern
men will be placed in the hands of A. S.
Garretson of the Sioux National bank, as
trustee, to be used in the purchase Of
right Of way and grading the line. When
this sun is expended another p per cent
assessment will be made and another
$3.50, 900 will be furnished by the East
ern parties, and thus the work will be
prosecuted.
The proposed Pacific Short Line system
owns much land-mostly carrying coal
in Wyoming, and is known here as the
Wyoming Eastern. 1t will traverse
every county in the territory from east to
west, and has already a right Of way for
many miles west of Fort Laramie along
the north bank of the Platte. With the
Northwestern it will open up Wyoming
in fine shape.