The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1893-07-15


Of its town, timber land, coal mines and
other mine and quarry Speculation into
the value Of its railroad stock, so that
each stockholder got his share of the
building and operation OF the road.
"When operated by its original pro-
prietors and builders 1t paid s per cent.
dividends on all Of It's stock from its
net earnings.
"If honestly managed, as that was,
and by the protection Of the interests of
its stockholders, there can be little
doubt that, from the richness of the
country through which it passes, to
produce local business and the great
advantages it will have for through bus
mess between San Francisco. Salt Lake,
Denver, Chicago and New York, this
will be the most profitable enterprise to
Its stockholders and ~ greatest benefit
to the country of any failroad yet pro-
jected.
"While it may be npedient to get
control Of the frsnstsses In Utsh, Ne.
vada and California, 1t is certain that
the authority and control must be and
remain with your company; organized
under the very liberal laws Of Colorado,
1t will be protected from hostile legisla-
tion for fifty years by the very terms of
the law under which your company is
organized.
Having $4,000, 600 of stock in our
treasury and authority to issue bonds to
like or a greater amount, if necessary.
there can be no doubt of its having
abundant facilities and means at hand
to build the road.
ut is probable that the wisest policy
and the most convenient and proper
way to get these resources made avail
able, will be to begin our operations
after proper arrangements are made at
the points named in our charter.
~ am satisfied that by beginning our
operations at San Francisco, at Salt
Lake as well as at Denver, we can get
local business paying parts of our
through line built with stock, without
the sale Of bond.
II am not so familiar with the San
Francisco end or the Salt Lake portion
of the route west of Salt Lake City, as |
am with that next to Denver; but be-
tween Denver and Salt Lake City l
know we have competing routes, both
of which are practicable and either Of
which will furnish a large local traffic
both in timber and lumber, and one of
which in anthracite coal and the other
OF which in coking coal. On each of
which there are deposits of oil, of gold,
silver, copper, lead and iron.
"Of course 1t will be proper for the
company locating on any of the lines
between here and San Francisco, to
thoroughly post itself as to the merits
of each line. both as to that which will
make a part of the. Vest through line
and that which VIII give the most aid
in its construction. The location of
towns on its route, absolutely in its
right and authority, may be great aid
in enhancing the value of the stock.
Our tunnel on either route in Colorado
will be through the gold and silver
bearing regions, as indicated on the
government maps Of Professor Hay
den's Typographical, geological and
economical survey Of Colorado. The
tunnels and the excavations to be made
after the locations are liable to make
valuable discoveries, which may be Sc
cured and made to inure to the value of
the stock under the policy L have out
lined, which hope You will adopt. In
fact, the enhancement of the stock in
the way indicated, is what will enable
the company to build the road, and, as
l said before, at great profit to its stock
holders and benefit to the country"
The president, vice-president and sec
retary were appointed committee on
bylaws. This committee will meet on
Monday, as nothing can be done in the
matter of furthering the purposes of the
company until an executive committee
is provided for and appointed. Much
work awaits this committee and corre-
spondence bearing on the new under
taking. Almost every city west of
Denver and near the proposed route
has on file letter asking for details of
the railroad and further asking what
aid will be asked of the towns to secure
the railroad. 1t was in light of these
many letters that Ex-Governor Evans
covered so much ground in his speech.
In few days, as soon as the executive
committee is appointed, there will be
another meeting of the directors called
for the purpose of acting upon commu-
nications now before the board.
-%AR~--
Modern Morality.