The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-27
IN RAILWAY CIRCLES.
HENDERSHOTT WRITES ABOUT
THE CENTRAL ARIZONA ROAD.
He Wants the Chamber of Commerce
to Take the Matter Up-H. r. Reed,
81 Heavy Stakeholder in the Rapid
Transit Company, in TOwn-Latest
BY Wire-GeneraI Notes.

The Herald yesterday referred TO the
project of the Central Arizona railway
project of Wells Hendershott, who pro-
poses to make connections with the San
Joaquin Valley railway and build on to
Salt Lake, as outlined in the San Francis
co Call, and Secretary Colborn, of the
chamber of commerce, yesterday received
the following letter from Mr.. Hender-
shott:
San Francisco, April a.
AS agreed on Saturday last, when was
in Salt Lake, 1 enclose you herewith an
article which appeared in this morning
San Francisco Call, which. with the con-
tents. of this letter, being facts in addi-
ton thereto, I hope you will bring before
your body at the earliest possible mo-
ment.
The facts, in addition to those appear
ing in the aforementioned article were
as follows:
FirstLThe Central Arizona Railway
company was lately incorporated under
the Sth of January, 1889, with corporate
existence of fifty years, and with CAPT
tai stock of S12, 500 900, divided into 125, 900
shares of 500 each.
Secondly the provisions of the stat
utes under which the company was in
corporated, the stockholders were not eli
gible for the company's debts, and their
property is forever exempt from the pay
ment of any debts of the corporation.
Third-The legislature of the territory
OF Arizona of 1895, passed law whereby
the above railway company is exempt
from taxation until the first day of July,
1905. being equal to a subsidy of 5000 per
mile.
Fourth-The right of way for the rail-
road is secured from the Superstition
mountains west to Yuma, along the bank
of the canal contemplated by the Hudson
Canal and Reservoir company. the build
ing of which canal makes the roadbed
complete for the whole distance and with
out any expense for engineering or other
wise to the Arizona Central Railway COM
pany.
Fifth-The right of way has been Sc
cured for a great portion of the distance
between Lees Ferry, on the north, and
NogaleS on the south.
SiXth-Fifteen miles of track is already
laid from Flagstaff south from the end
of which track twenty miles farther
south is graded, ties laid and ready for
Seventh-The company owns one loco
motive engine and % cars, which are now
being used in the aforementioned fifteen
Eighth Negotiations are now pending
for an additional seventy-four miles of
Ninth-The Central Arizona Railway
company has no bonded or other indebt-
edness of any description.
Tenth-F'ive hundred and fifty thousand
been expended in and about right of way,
surveys, rolling stock, iron and other
necessary property to put the railroad in
its present condition.
Eleventh. represent 80 per cent of the
stock of the above corporation and am
prepared to enter into negotiations that
will be binding upon the company.
Be pleased to bring the newspaper arti-
Gle and the foregoing before your board
for such action as they may think proper
In the premises. l would be pleased if
you would appoint a committee to meet
with other committees interested in this
matter. which may include one from San
Francisco. one from San Diego. one from
the Lumber and one from the Canal COM
pany.
Permit me to say, however, that in my
opinion the committee should have power
to act in the premises
Very truly yours,
WELLS HENDERSHOTT.
This matter will be brought before the
directors Of the chamber of commerce.
and will receive careful attention.