The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-02-26

an excess OF $33 355.
The first year, the road running only
to the State line in The vicinity of Deep
Creek, think it might safely count on
earnings as follows, to-wit:
Fifty tons freight in per day at S. 9l.25O
Mail los miles $50 per day. $3.50
Express los miles $50 per day.. $3.50
Two hundred cars stock in at $40
Twenty T cars wool in at 500 each. Zoo
one car freight out per day at $lCO... $500
Total. ........................$ l7s, $50
Enough TO more than pay operating
expenses. The second years business
depending on mining, should double,
making the earnings 500 500. The
third year, adding to earnings SOL $50,
again on account of increasing ship
ments of ore in; $12 800 on account Of
increase of passenger traffic, and $36 zoo
for an additional one car of freight out
per day, the earnings would be S410, $50;
so per cent. of which, S246 $50, may be
charged TO operating expenses, Sl23 $50
to payment of the interest on the bonds,
and there would be surplus of $40, $50.
Some may think my estimate of $50
tons OF ore in the third year too high.
But it is only $3.50 tons a year, and
there are eight or ten mining districts
within twenty miles of Deep Greek.
The freight out l have estimated at
one car per day. But by the
time 100 tons of ore were COM
ing in daily, the freight out, In.
elusive OF coal and mining plants
anG tim bers would, or should be. nea: or
three than one ear Per day. think 1
have made a conservative calculation,
and one that may be trusted. 1t
shows how the road to State line can be
built and made to pay. Meantime CT
the country between here and Ovens
Lake. or Mono Lake, the line to Deep
Creek is by FAR the poorest part. GoiI e
on by the best route to Eureka, and
thence southwest in the direction of
Mono Lake. the line would be in good
mining country when it wasn't in good
stock country. The Nevada part of
the line would develop five times the
bus ness of the Utah part. And having
made the Utah division pay its way. it
wonld be easy to extend through Ne
vada.
"Inere is nothing needed but a little
nerve to open the country west to the
Sierras to the trade of this city
FIRST GEN FROM THE OUTSIDERS.
Mr.. A. G. Bast hands US the follow
ing letter, which explains itself:
ROCK SPRINGS, WYo, Feb. %. 1889.
Chairman Subscription Committee, Salt Lake
d Los Angeles Railroad:
Dear Strive have noticed with pleasure
the erorts you are making to raise the funds
necessary 10 incorporate the Salt Lake d
Los Angeles Railroad.
AS investors in Salt Lake property, we
feel deep interest in the accom- plishment
of your purpose. We believe that the build
ing of the road will open new era of pres.
perity for our beautiful city. Once started
the road will be a message to the country
that tho people of Salt Lake see their oppor-
tuniIies and make the most of them It
Will bring other railroaos into the city,
without money and without the asking. IL
will bring brains, capila al and labor.
We thilk your committee should prepare
circular 10 all nonresident investors,
setting forth the advantages resulting to
them from the building OF the road. and
asking them to subscribe literally.
For ourselves, we feel that we are identi-
fed with your purposes and interests. and
we are ready and willing to help the enter
prise along. We do not want to reap where
we have not sown, and for this reason we
beg to SUBJ cftbe the sums set opposite our
names, to-wit:
R Zwicky $500
W. II. O Donnell 500
DR.. E. D Woodruff, <..... ............... 500
James Fillarshall. ............ ... 2ja
james A. Bro Tn. OBSERVATION-DISCLOSURES. 2ae