The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-09-03
THE LATEST SCHEME
For Building That Road to Deep
Creek.
John w. Smell Outlines Plan for Con-
STRUGGLING Line to that Rich
Mineral Region.

pie OF The Territory, the citizens Of Salt Lake
city, and the Miners to be benefited by this
road,
Greeting:-There have been different
propositions for building this much
needed road, and the parties making the
propositions have asked for liberal as
sistance from the public without inform
ing the people what they would give IN
return for such bonus, due. perhaps, to
an innate modesty or other reasons.
| propose to give my whole scheme
away, so if the assistance is rendered it
viii be known upon what basis. claim
it to be the most liberal proposition yet
offered in the interest of the miners. the
people and local prosperity.
! will build the road Tor $500, GOO cash
bonus, giving you the choice of two
routes-one via Garfield, Tooele valley,
Rush valley, Point Lookout, etc., being
forty miles the longest but reaching the
near vicinity of numerous mining dis
tricts from which I expect the freight.
The other via Garfield, across
the north end of Tooele valley,
Skull valley, as direct an air line as pos
6iDie to Deep Creek. At some available
point on this route a branch, running
south to the aforesaid districts would be
necessary to reduce cost OF freights from
them.
/ propose to have good standard
grade and to guarantee the cost of road,
with two locomotives and one train OF
cars, shall not exceed SO, 600 per mile;
hoping, however, that the cost Will not
he over $40, 600 per mile if the estimate OF
Major Wilkes is correctly given IN the
papers; the cost per mile might even be
lower, as a party informed me that his
n of
mile Tor contingencies. Whatever the
cost, l propose you shall know, and that
the business will be based on the actual
cost plus the few dollars necessary to
bring 1t MP to even thousands per mile,
that is If il cost SO, 800 it will be, say
1000 as a basis of freight and passenger
charges-thus giving its true valuation as
a basis for profits, dividends, and not
fictitious one as the general rule. You
will thus see do not intend to take as a
motto, 1.-THE public be id
As to responsibility and ability, pro-
pose to make the scheme plain as to how
the road will be built and to explain my
claims of its immense benefits to you.
You are TO appoint committee to see
] carry out my propositions, in case of
failure I forfeit 500, 600 in land fronting
on the Great Salt lake, nearest and best
to this city; mineral spring interests,
building rock, quartzite, lime rock
quarries, fine sand and valuable deposits
OF marble adjoining the city, $1,000 per-
property, ETC., etc. You are to control
and hold said bonus of 5000, 900. one-half
until the road Is built, the other one
half when the road is finished.
ii possible, one dollar Of this bonus
viii not be used until all the grading is
done and ties secured; you viii thus see
that the $500, coo is quite safe and my for
fixture aforesaid, strengthens the respon-
sibility. Now as to how the road is to be
built.
I shall require the right of way on
either route free of charge; do not be-
lieve this will cost anything for the land
itself, it will be freely given because of
the benefits to those adjoining, where
land is valuable the counties to give a
right of way to the road eiong section
lines, perhaps.
Further, ] want your influence in Sc
curing me coal at cost of not over s. per
ton, as the road may require for its use.
do not propose to have any entangling
alliances with any other road, but to
guarantee an impartial uniform rate of
freight to this city, and the Union Pa
cific. Rio Grande Western or Hot Springs
road can take freight then on this basis,
provided they will be friendly, with SINH
lar advantages in bringing such supplies
as my road will need, such as iron and
other things necessary for the enterprise;
in other words, i want no prohibitory tar
if on me, and IN return viii divide the
freight ofsupplies with them and will be
feeder to them SO far as the roads
freight affects it, This may be an essen
tial requisite in getting supplies for build-
ing the road.
I propose to do the grading by small
contracts and issuing ten dollar negotia-
bic bonds, drawing per cent. per annum
interest; said bonds to be redeemed in
stock of this company any time after one
half of the road is built, or the bonds and
interest will be received for freight and
passage from anybody when the road is
operated.
/ propose to issue bonds very cautiously
and only on grade as per contract ard
when completed; that is, do not propose
to let more than quarter of mile to
anyone, and 1t is to be completed before
any bonds can be drawn on it and SAID
bond wall not commence drawing interest
until sixty days after its issuance, in or
der to give time to close up breaks in the
grade before drawing interest.
| want subscriptions for $40 shares of
stock on aforesaid bed rock valuation.
Said stock subscriptions can be paid in
feeo for man or beast; clothing, tools,
ETC.; due bills for merchandise of any
kind, to be returned if not used. Con-
tractors are to take one-half in ready pay
of this kind and one-haif in these bonds.
My theory is that men viii be willing to
work for contractors, having their board
at reasonable prices, and take ona hall
bonds and one half this pay; that farmers,
merchants and you will take bonds and
furnish the one half pay OF food. cloth
ing, and other supplies. Sorlla VIII pay
money for bonds and this will be used
very cautiously in making up any de-
ficiency in supplies. Mine owners. at
nearest points to their districts, will take
contracts and receive bonds or one half
pay and one half bonds, they being
very DESTROYS that the road shall open
OPPORTUNITIES to market for their ores
and the bonds being good for freight,
passage or stock, and negotiable. Should
the bonds be taken up in freight and pas
page. it will enhance the value of stock
for other holders.
The bonds will be secured by first mort
gage on the graded bed of road, which
they are expected to build, and if, as also
expected, the ties are secured the same
way, the bonds will cover the road-be
and ties of said road.
The cash bonus will not be available
until one-half the road is done, and then
one-half of the bonus; this will be used,
If possible, in connection with stock to
iron the road; but If we get into unfore-
seen difficulty with the grade and ties, 1t
NAV be used for that purpose.
When the road is one-half graded and
ties secured for that portion, and there is
not enough stock disposed of to iron it,
/ might cali the stockholders together,
and If two-thirds or Observation-Disclosures
ably all-will consent, they might waive
the first mortgage in favor Of those who
viii supply the iron, two locomotives and
one train. and take second mortgage. the
main idea in this is to see that each and
every laborer VINO takes bonds in one
half payment of his work, or those to
zFhom he transfers, are safe in their Sc
curity to the fullest extent, should they