Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-10-25
BUSINESS And MINES.
Scheme for an Electric Railway TO
Biz Cottonwood Canyon.
The Financial Outlook. Mining aad
business Items from Various
Sources.

Of the proceedings, san item Of con.
siderable Importance to the citizens OF |
SAT- Lake, aud more particularly 90 the |
resident. OF sugarhouse, MilI Creek, |
East NH Greek, Big Cottonwood, |
Halliday, Union aud Butler precincts |
in Salt Lake county. Tho petitioners
uro W. "A. Rowe, Il. NJ. Jones, J. w. !
Slmmorhays anu George ~. Cannon,
and their launching Of such scheme
In the present condition Of business
indicates their full confidence iu i,s
ptacucAbility. II carried into ctiuc. 10
also means an important feature ia
giving employ ment TO a large number
Of w0rkingmen.
30 far rs the city Is concerned, a
franchise IL asked for nm electric rail-
way from the southeastern part Of
town into the central portion, the put-
pose Of tho same being stated TO bu $50
furnish transportation aud sccJmmo.
da;ions for working and developing
valuable properties OF your petitioners
near the mouth Of Bis Cottonwood
canyon" which property tho petition.
ers are DESTROYS OF improving, but
switch improvement and develop
mont will be practically Impossible
unless the same DO connected by rail.
way" with the central portion Of Salt
Lake.
The route asked for In the city IL
from the corner Of Second East anu
First South streets, along Second East
10 Niuth South, then east % laird EHsL
south 30 Tenth South, east TO Seventh
East, and south 10 the city limits. This
would take tbs roau over streets not
now occupied by railway tracks, and
bring its terminus OnB block east u
the rheater. 10 wOuli pAss along the
south end OF Liberty Park and then
run directly south.
Outside Of the city the route 10 not
definitely determined. The road will
continue on Seventh East for some
/ distance, aud then proceed by the
most feasible grade to the mouth Of
| Zig Cottonwood canyon, reaching the
| Granite Millc1mpAuy's prone teathere.
The rich district In the part OF the
country tfsversed will thus bo brought
into close railway communication
VITA town, and facilities given for
further anu rapid development.
As Will be suggested by the names
attached 10 the Itquest for u franchise,
| the Jones scheme Tor utilizing the 300
horse power that IA provided by the
waters OF Big COttlnwOod canyon
Brock isto be utilized IN the operation
OF the toai, NJ we'll a. tor other pur.
poees. Tue plan at present outlined Is
Of large proportions, and involves the
outlay OF vast sum OF money.
Tue railway will be- from thir-
teen TO fifteen miles long, aud In
that section Of country It's complete
equipment will cost seven 90 eight
thousand dollars per mile. The ptopo'
altiOu Of the petitioners Il that IL shall
ts commenced within six months, and
be IN ruaning operation within twenty
months.
| A franchise for the line through
that portion OF the country where IL II
Intended to run the road has not been
granted yet. There Ia not likely, how
ever, 10 be any difficulty in the way, nj
property owners and residents slong
the o ntire route viii welcome tho new
road M a great boon u that section Of
country.
Asst the plans for the improvement
and development Of properties nj the
other end Of the linc, mentioned In tn,
application for franchise, the promo
tiers OF tue scheme stated that thsy
could not give out anything definite
M the necessary details had
not been perfected. Mr.. Rowe, whC
has been away for some time, IL 4
reach home this evening, when tn,
matter will DO vigorously pushed 81
far as the action Of the City Counci
will permit.
OUTLOOK FoH MONEY.
Collections are reported TO have besI
generally much moro difficult In OctO
Der than during any previous month
since tho business slagnation began
= There nas been falling OH ~ the 10
| mauds for loans, however, aud mono!
has become easier IA some directions
But Il Ia held for a higher rate Of Inter
est that business men would not on
gage 90 nay except la case OF dire necUs
= sity. The prospect now, novevebis tina
tho funds OF money Lenders Will soon be
p come more accessible, "Ihe tepea
D Of the sherman clause" said lead
i ing banker today, win make tn
! money market much easier. Thu
CAPITALISTS who hsve been hOldin
3 back will lot their money out, AM
1 there viii be plenty Tor borrowers. Tn
9 state OF businers viii be thus bent
. fitted in that line, out In y geneTl
way II will bO worse Tor us from th
closing down OF tue silver industry.
PIoouE "RECJRD" ITEMS.
h The connection of tho thIrteent
level Of the Yuba mine with the twelfi
q level OF the old MazeppA shaft, work o
). which has been prosecuted Tor nearly
o year past, Ia likely 10 ue effected within
' week, John lhOmnsi VINO woTke
r at times in the face OF both driits, Ia
q. undertaken 10 make tue connecliO
4 within ten daysgud Is now 1t work o
n the Maaeppa side r-,- s--,-
/. Charley Roe and John Savior wei
b in from Bristol Int sunday ana MOI
Il day. Roe, who hos lust completed III
n Assessment work on tue National min
4. took out about uyr tons Ot high grad
a conner ore during the work.
n j, Nesbit a Bro, Ia order to test II
IA Ferguson district ore, are ov1rhhuli1
n mart of the OLD COnder Canyu
d ouartz mill and will make a test IN
A. mere. Five stamps only, with nece
10 sary pans and settlers, VIII De p
ID In shape, and II results justify, Il
o, whole mill will be renovated, or be