Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-10-08
THE new RAILROAD.
v,0s,,d Line BulEssa BuIl', Boise
CITY and San Francisco
D,,cussED IN BUSINESS CIRCLES.
,.,... a, 10 Its Practieabilily
pIrlded-So Profit In Vest
cru Roads.


,..,a Butte, Boise City aud Ban Fran
20, Railroad continues TO be lead
~ ,opIc Of conversation In local,
n,s.Ius and business circles.
IN, statement made by Il. T. Wood
xor,b, Of Denver, tina. San Francisco
"a, going to give bonus OF s2,5OO,oOo
IN. n,w road, was read with amaze.
,n,ot in this city. Nobody, as far ms
asr h, .,csr,ained, has heard OF any
s,a,,nsu, to raise such q bonus In this
city.
woodvot,h's rAah remsrk about a
hopu.. following rs II does ON the heels
n NORTH Lippmans statsment that
The new road had already made
s,,angemenls for terminal facilities In
So Franclsoo and Oakland. has
s.n,sd a number Of prominent pe0-
III Ia view the enterprise with dis
,,a,t. And yet they do not wish TO do
a, 1ay anything that may hamper
ih.,e men n they ara sincsre In their
sn.ri. I, build a road from Butte TO
san Francisco. the general opinion
|. tbst n |. best 10 give Llppmsn anu
M associates plenty Of time to show
theit HANDS. II, then, 1t Is shown that
Nm. enterprise can DO carried 10 q sue
eessiuI is.us tue men who are backing
ths enterprise will be assured OF the
hearty support Of San Francisco.
q, p. Huntington said when asked
what he thought OF the schem,:
UWhal do l think Of the Butte, Boise
CITY ans Eau Francisco railroad
sohcu,.f Well, have Just the same
opinion about IL as would have about
the construction OF q road TO the moon.
Material IL very cheap now, anu yet IL
would cost t50,000,000 TO build such n
libe. Capital IL very sensitive, anu 1t
would wait 10 know what sort OF an
investment such q road would offer.
There Is no business TO amount TO any.
thing between here ami Butte. My
credit IA good IN New York as that Of
the Bsuk oi England anu yet could
no. borrow $50, 900, 900 there to put into
such q road. have been borrowing
and handling money in New York for
fhy.elght years and | know what l
bm talking about.
"Catital wants returns on its invest
mebls, and a BuIte.San Francisco road
oiuli never answer that requirement..
Why, for the greater part OF the road
lheie IL no more business than ON the
Central Pacific between Reno aud
Cornne. The latter stretch OF road
might ~ well DO built IN the air ~ far
~ local business IL concerned. do
not fear contradiction when l say that
Llppman aud his associates would have
% Isl,e $50, 900, 900 20 build any decent
road with good terminals.
"As matter Of tact, there are too
many roads In the west Tor the volume
Of business. 1 will make tho statement
that between here ana q tpoiBt 200
miles west Of the Missouri river 1 will
agfee 10 handle ten times tho present
volume Of business over a single track
road like tho Central Pacific, with say
a ten per cent increase In side tracks.
II the Celtial Pacific hiss today ten
Ior cent Of 6ids tracks | will or wcuid
increase the side tracks TO twenty per
cent ami handle as l have already
stated, ten times the amount OF b ISL
neis winch 10 teiug done today between
tho polhta | have mentioned. Aud ]
would do II al greatly reduced rates
and make money.
81 have all along told New York
blnktfA | could do this, and II Is tue
!fllh' Why, look nj roaus like the
Northern Pacific, Atehison ana Union
Pacific. They hTe all In the gruateut
financial distress. The business done
Ny western railroads does not give
ihtm any profit worth mentioning.
"bute aud the Montana county are
naturally tributary to Portland, O,e.
Ihey are ON n western down grade TO
lhs sea anu commerce In the long ruu
I9iloWs the llnes OF gravity. You oan-
not overcome gravity Tor II Ia too great
hAelory even In commercial life. II,
however, there are people who want ~
pullu oVerland lines Into California IL
10 nons Of my business. II they waat
70 lose money In tuch manner, that IL
also none OF my business unless they
come aud want my advice. Then /
would show them how fine IL was 10
say you ATE building big road aud
no" easy II 10 TO drop y big lot OF
money lhede days. am not trying 10
prevent my one building more over.
lAhu foAls. | DON'T care how many
IoAls we built anu II would not max.
my differences u uid care, because
solS man may or might come ulong
Nho hAd money anu a determination
70 construct an overland line. 1t would
No hls affair anu not mine.