The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-27


cago every day in the interest of the
bankers and moneyed men for their
private information. 1t is only
about half as large as the daily re-
ports of Dun's and Bradstreet's which
are circulated in this city, and is more
confidential than either. Recipients
are urged to destroy or secrete as soon
ever found outside the offices where
they are received and paid for.
1t is said that reports contained in
the sheet are absolutely reliable, for
that is what the publisher is paid for.
Nothing is to be disseminated save it
is absolutely truthful.
Some days ago, during the visit of
Hon. George Q. Cannon in Chicago,
this little sheet contained the following
item:
WILL BUILD TO LOS ANGELES.
"a company known as the Utah &
California Railway company has been
organized for some time with the OBJ
Ject of building a road from Milford,
New, to Los Angeles, as soon as the
Oregon Short Line shall have been
finally segregated from Union Pacific.
Oregon Short Line runs from Salt Lake
City to Milford. The road between
Milford and Los Angeles will run
through important coal districts of
southwestern Utah and through some
important lead ore districts as wSll
Right of way is said to have been
secured by Oregon Short Line people
for most of the distance between Mil
ford and Los Angeles, which is about
400 miles. Work will be begun at once
after the separation of the Short Line
from Union Pacific
A gentleman who has been east for
some time, and who brought back the
above, having obtained il from friend
in the banking business, says that a
Chicago friend, a well known banker
and money broker, informed him that
it was declared on the street there and
in offices of we'll known money brokers
that Mr.. Cannon and his company have
been successful in getting the money
with which to build the road; that al
though he came home as he did, he
left representatives to transact the bal
ance of the business there, and that as
soon as the Short Line segregation
matter assumes definite shape the cash
will be forthcoming and the road will
be built
There is more behind this, too. 1t is
also definitely stated in inside circles
that as soon as this is done the North
western proposes to come down from
its western terminus in Wyoming into
Utah and make a connection with the
new line, the result sought to be ac-
complished being the destroying of the
traffic between the Union and South
ern Pacific companies of which the
Northwestern is a beneficiary, begin
ming at Council Bluffs. If the North
western should build as stated, the
f,-s,f Tf<
Pacific would be declared off and there
would be fight between the two sys-
TENS to see which would get the bust
ness. Then it is said there will be an
other move made by the Rock Island to
get to Salt Lake and share in the
general competition, because if the
Northwestern reaches Utah, there
would be a general falling off in the
business of the Rock Island.
OF course all this has been rehashed
in the newspapers before. There isn't
a reporter who has ever done a rail-
road run from Omaha to San Fran
cisco but that after looking over the
general situation, has not seen that the
idea was good one, and has written
a story out of his own mind. alleging
all this would be done and done soon.
But The Heraid's informant states
that at this time the plan IS taking on
carried out ere the close of the year
1897.
1t is to be sincerely hoped the rumor
is true. Especially as to the building
of the road to Los Angeles, which
may be looked upon as almost settled.
A railroad to the south. properly con-
structed, means that the Salt Laker
can, within y hours, land himself in
a tropical climate equal TO Florida
that the new road will handle all the
fruit business of lower California and
Southern California; that the fruit
business of Utah will be multiplied
many thousand times and that all of
the southern portion of the state will
be greatly benefited. There are i'm
mense deposits of iron and coal to be
taDped: new field of mining will be
opened and the welfare of this state
will be greatly enhanced as a result.