Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-09-20
MACNATES ARE
At SALTlAkE
WILL MEET w. A. CLARK IN CON.
FERENCE REGARDING
NEW ROAD,
TO INCORPORATE AND
ACQUIRE FRANCHISES
Preliminaries Looking to Immediate
Construction-Mr. Gibbons
Statement.

non. Il. c. Kerens of st. Louis, his
son Elchard, S. A. Bemis, vice-presi-
cent L. c. Gibbon OF the Los Angeles
.fer!nlnal Railway company, and other
Weii-known capitalists are now at Salt
Lake city, where they will be joined by
w. "A. Clark and a conference held to
take up preliminaries looking to the i'm
lnedlate construction of the proposed
Salt Lake-Los Angeles railway. The
hrst step to be taken is the acquisition of
corporation.
The history of this great project forms
an interesting tale for various reasons,
the chief of which are that the road will
be absolutely independent of any other
company or corporation and will be the
only one across the country not built on
public subsidy. A region OF vast ma
tural resources will be opened up and
wheels Of many industries new to
Utah will be set in operation.
Vice-President Gibbin Of the Los An
geles Terminal, is probably the main
fgu in the undertaking. He is the
only man who enjoys the distinction Of
having successful fought the late Coils
F.. Huntington and his millions in the
arena of finance. In discussing the pro-
Ject and the plans of those who are con
cerned in it Mr.. GibbOn made the fol-
lowing statement for publication:
We make but n request Of Salt
Lake, and that is that we be given q
good depot site This is only a fair
proposition from Any point of view. We
haVe asked the citizens of Los Angeles
to subscribe bonds in the sum of 81, Oo0,-
900, and when these two prelilninaries
are settled actual construction work will
be begun within thirty days. In calling
for this 81, 900, 900 the promoters of his
line have in mind only the assurance of
publlc sympathy and support. We don
really need the money, for 81, 900. 900 is
really a small sum compared with the
$4,000, 900 or $50, 900, 600 that will be re-
CURED by the enterprise.
when this line is built it will not be
with the intention of rebuilding after q
while when things are on q more sub
stantia1 basis Every mile of the road
will be baliasted and constructed of 10
pound rails. 1t is our intention to give a
better passenger route and better serv-
iceqthan is furnished by either the South
errf Pacific or the Santa Fe. Between
Salt Lake City and Los Angeles we will
run a limited passenger train as nearly
within t~Wenty-four hours as is possible.
Salt Lake is the ideal spot in the
west to break a continental journey n
the passenger traffic must Of necessity
be enormous. The benefit to Salt Lake
will simply be i~ncalculable: the city will
practically be made the same as South
ern California has been made by tourist
traffic.
M Clark will, in al probability, be
Hiaue the pieSiuSht oA IL SOilpdIS. Iy
his desire the bonds of the road will not
draw more h 4 per cent interest,""
Surveying parties are now in the field,
but it has not vet been decided which of
the five possible routes into Utah will be
taken. The first work will be done from
the Los angeles end Of the line because
1t q be done more easily and expedi-
tlously at that point. but eventually the
construction will progress from both
ends. w A. Clark, according to other
projectors, has already placed 81. 800, 900
into undertaking, and enough money is
already on deposit to build the first sec
ton Of the road.