The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-06-17
Imnortant to the West,

Next week there is to be one OF those
great gatherings of active business men
which have become so popular OF late. 1t
is called the Western Slope Congress, and
it Will meet in Montrose Colorado.
Preparations on a grand scale are being
made, and while the congress is particu-
larry In the interest of Western Colorado,
1t is anticipated that measures OF import
ance to the whole Pacific slope VIII be
considered.
1t is not to be mere junketing enter
tainment, sort of business mems fair,
TO have Jolly time and grand carousal.
1t is expected that the delegates who at
tend will get down to work, and while
they are Hospitality received will put in
their time to the best advantage, aud
then GO to their several places of abode.
These conferences of live, pushing men
can be made exceedingly profitable to the
public.
Besides matters of local moment the
silver question will figure prominently
but probably only on one side. Colorado
is for free silver without doubt. One
question that interests Utah and the
whole western country which will be dis
cussed is a new railroad from Denver
through Salt Lake city and on to the
coast.
The Denver papers are agitating this
project. Meetings have been held in that
live city in its favor. 1t has been demon
strated that the line can be built with a
maximum grade not to exceed TWO per
cent. and not TO exceed sixteen degree
curve. But this requires a five mile tun-
mel through the main range OF the Rocky
Mountains. That seems to be the only
formidable obstacle to road that will
greatly shorten the railway distance to
the Pacific sea.
That tunnel, it is said by experts, can
be built for $500, 600 and one offer has
been made for $50 foot. Engineering
wonders have become SO common now-a-
days that impossibility has almost ceased
to have place in the railroad building
vocabulary.
One OF the inducements held forth to
subscribers to the stock of the Denver,
Salt Lake and San Francisco railroad, is
the Deep Creek mines, excitement about
rryl,5 o1, J., 4,
1t is well described by advocates of this
enterprise as 'sone of the richest mining
regions of the world.'
The road would pass through immense
timber regions, not only in Colorado, but
in Utah. There are two routes in con-
temptation, either of which would only
be from twenty-five to fifty miles from
the other. In either case it would open
up for settlement or greatly increase
settlement in comparatively unpopulated
stretches of good country.
The proposition is to organize with
capital stock of SIC, 200, 900 in shares of
500, fifty-fve out ofevcry hundred shares
to be preferred stock to receive the net
profits of the operations of the company
in any year, until they amount to five per
cent upon the par value of the preferred
stock outstanding. All the preferred
stock to be held in the hands OF trustees
in perpetuity.
The Montrose congress will most likely
give this project boost. And it would
not be bad thing if some of our Salt
Lake advocates OF the Deep Creek railroad
would look into this matter with view
to investment, or corporation in another
way if that appears to be the better plan.
A new road to the coast with eastern con-
nections that will shorten the journey
between the two oceans twenty four
hours, will be an immense thing for the
country and great benefit to Salt Lake.