The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-04-23
ADDRESS TO THE CITIZENS.
The Committee of 400 Present Strong
Appeal.

The Committee of 400 Present Strong
Appeal.
To THE CITI2ENs-The soliciting COM
mittees appointed by the "Four Hun
dred'' have been at work to-day earnestly
and energetically soliciting subscriptions
to the Salt Lake & Pacific Railway COM
pany.
We believe the citizens in general are
fully awakened to the great Importance
and benefits to be derived from the build
ing of this road.
We have bee. requested tocall upon the
public by an az lress, urging upon them
the importance of their united efforts in
lhis, the greatest enterprise that can be
put forth for Salt Lake city.
For many years we have talked and
hoped for a railroad west. We have hoped
for help from outsiders. but all in vain.
The best nformed here and in the mining
districts west are certain that the pro-
posed railroad will pay.
We viii suppose that the railroad from
here to the Nevada line will be bonded
for SIS, 600 per mile, which will be about
z65 miles-a total bonded Indebtedness OF
3. 49, 600. and suppose that the bonds are
sold at s.: this would leave the net re-
ceipts from the bonds So, 700 per mile, or
q little more than the actual cost OF build
ing and equipping the road.
The earnings of the road, on fair es-
innate. would be 800 tons of ore per day,
al IS per ton for 315 days in the year,
amounts to 81, l34 600. The other net
earnings of the company would amount
to Sc, coo per day, or $945, 600, making
total net earning Of s.. 600 per annum.
The estimated operating expenses, at SO
per cent. OF the earnings would leave
from which deduct the interest on
y. 475, COO bonds, at 6 per cent. or S14S, 800,
leaves a net earning of $751;, $50 per annum.
Eupnose we cut this net earning half in
two to cover contingencies, we then have
a net balance of $685.. 525, or 80 per cent.
interest per annum on the stock, of
81 900, 600. If 81 per cent, of this net
earning is to be kept in Salt Lake city and
divided among the stockholders, whose 81
per cent. of the stock is to be pooled,
think what an advantage it would be to
the citizens of Salt Lake for years to come.
At this time, Just after raising the
bonus for the Salt Lake city copper
works, the most successful effort ever
made in Utah, the railroad west will Sc
cure Salt Lake city in her proper position
as the metropolis of the basin region.
New railroads coming from the east will
not hesitate in deciding their inter
mountain terminus, for from Salt Lake
city they viii be able to go direct to the
rich mining districts of western Utah and
eastern Nevada, and by the time the Ne
vada line is reached by the Salt Lake &
Pacific railway, the San Francisco & Salt
Lake railway company will surely be
under way and prepared to meet US in
Nevada; and the line now being con-
structed from the Atlantic and Pacific
portherly viii Join US and connect us
with southern California.
With q railroad connecting us with San
Francisco and southern California. the
procuct Of our coal and iron mines alone
would give to Utah nearly as much per
annum as her present annual product.
We are now graphing with a PROPOSE
lion that is the greatest effort and means
more TO Salt Lake city than has ever been
accomplished in Utah. 1t means to Salt
Lake city more than any mind can COM
prehend at the present time. 1t means
the doubling of the population OF our city
within a very few years, it means the up
building OF our home industries and
factories; It means the development and
the settlement by q large population of a
country that is now comparatively un-
occupied; it means the full Development
of the greatest mineral belt in the United
States.
Let every one be up and awake and con-
tribute their mite toward this grand en-
teTErlSe. 1nefe is not a person IN salt
Lake city engaged IN any kind of busi-
ness, from the peanut stand to the largest
business institution, who will not be d.
rectly benefited, and all can afford to take
one share or more in this railroad COM
pany.
II is not bonus or gift for public en-
terprise simply from public spirit, as was
the copper subscriptions, but every one
will get stock Tor the amount they sub
scribe, which stock, it is thought by
many, viii in the very near future be
worth more than it cost.
But suppose all we subscribe would be
given away as mere bonus, and the pop
nlation OF our city is doubled in the next
IKE years, and &c, 900 more population of
;:.1ers, farmers and others settle in the