The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-07-22
IN RAILWAY CIRCLES
Active Work on the Proposed
Road to Salt Lake.
The SINNERS VIII Spend Today at the Beach
The Noriens 60 to Syracuse
Kew Machine shops.

1t was ascertained definitely yesterday
that President S. H, H Clarke OF the
Union Pacific and Alvinza Hayward will
have no conference of any kind on the pro-
posed San Francisco g. Great Salt Lake
railroad. MIR. Hayward and the directors
appointed with him In the new company do
not desire to solicit the support Of the
Union Pacific or any other overland line in
their undertaking. They also say that as
far as they are concerned the recent action
Of the Rio Grande Western directors in
voting to increase its capital stock, in adj
dition to special issue Of 81, 500, 600 of pre-
ferred stock, has no significance. They
maintain that their proposition Is an inde-
pendent one, and that when it is completed
no difficulty will be experienced in secur-
ing favorable traffic arrangements with
the overland lines now terminating in
Utah.
MIR. Hayward Is in receipt OF letter
from A. q. Cleveland giving an account OF
the progress he is making in surveying
work In Utah. He is hard st work push
Ing the preliminary surveys to a speedy
and successful completion. He has six
corps OF surveyors and engineers in the
held now and reports things favorable to
the enterprise in SO far as the route and
grades are concerned.
ARE HARD AT WORK.
Mr., Hayward, like the other directors of
the company, will virtually say nothing
ABOUT Inc enterprise for publication, but it
Is known tney are spending great deal Of
time considering three aspects Of their ven-
lure, one Affecting Its financial plans rela-
tive TO the issue OF stocks and bonds an
other pertaining to the laws upon the pro-
position OF creasing trust into which q
majority OF the stock to be issued shall be
placed In order to keep its control from
falling into undesirable hands and still
another that has to do with prospective
business for the road.
On the latter subject one gentleman said
yesterday that those interested in the COM
pany mad already perceived the necessity
Tor number OF local lines that shall act as
feeders for the through line. In other
words they have planned in a rough outline
system, the foundation of which shall be
the through line TO Salt Lake with its 500
miles of road. The branches to work In
connection with it, he says, will exceed the
length OF the main line in the aggregate to
considerable extent, all of which will be
built in due time.
MUST HAVE PATIENCE.
THE public must not become impa-
tient," continued this same gentleman. s'if
IL taxes little longer time than they hap
pen to think necessary before the d.
rectors announce definite results. It is a
very Dig JOB, and e thousand and one things
have to be determined upon before q good
start can be made in actually laying down
the track. Everybody can rest assured,
however, that the road is going to be built,
ana 1t viii prove a genuine and profitably
competing railroad. 1t is all nonsense to
say that it is doubtful business venture.
10 you Know that the Southern Pacific is
the most profitable piece Of railroad prop
erty west OF the Mississippi rivere It earns
SS.OOO gross per mile on its total mileage.
whereas the Santa Fe and the Northern
Pacific earn about 81, 900 gross per mile.
Eighty per cent. of Huntineton's rail-
ROAD business Is local traffic, and his earn
ings In the San Joaquin valley and on the
coast division are fully Sl2, 600 per mile
gross annually. just think OF such figures
Il venture to say that out of a total of
S20.oUU,OOO earned by all the roads in the
Iranscontinental association last wear on
overland business the Southern Pacific
gets as Its share, S. 000, 000 Most of the rest
OF It's SoU, coo gross earnings last year
came out Of its California local traffic.
NOW does any one want to tell me that the
Salt Lake lire project, and a number of
California branches for it, cannot divide
THIS large business with Huntington and
find It profitable investments It's non
senslcal to say the project is not business
Ike. Mr- Hayward and his associates have
carefully compiled figures of the kind /
have mentioned and many more of perhspe
still greater interest and significance, and
the more they study them the more they
are encouraged with the prospects, - Er-
GfaiTleY.