Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-10-25
U. P. as. P. LABOR TROUBLES
Hartman Appoints SUBJ Cominii'ee
OF Directors 10 Investigate Gries'
ances OF Men.

Oul lHN NVhHNigs
While there have been several In
| quiries in Salt Lake regarding the pro
position there have as yet been no
application for bonds, at least no.
through the Salt Lake banks. Aftei
interviewing a number OF the leading
bankers Of Salt Lake today but one
was found who asserted that he would
subscribe. The rest Of the gentlemen
declined to be interviewed on the sub"
ject, claiming as their reason that
while the enterprise would undoubted-
ly be a great thing for Salt Lake and
Utah generally they had not inyesti-
gated the matter thoroughly or were
in position 10 be quoted upon II. Most
OF those seen admitted that the pro-
position had all the elements Of a
legitimate investment, but at the same
time asserted that as yet there were
other channels here for the investment
OF money that would bring better rates
Of interest.
An effort was also made to get some
expression from the prominent rail-
read officials now In Salt Lake WHO
have had experience In the financing
Of railroad propositions, From obvious
reasons, however. they declined TO dis
cues the matter In any shape or form.
Frank Knox, president OF the Ma
tl0nal Bank Of the Republic, was the
only banker who would talk on the
proposition with any freedom. IN
course OF q very interesting conversa-
ton he said
Il fully intend to take some Of the
bonds OF the Mofat road for the simple
reason that / believe that they are a
good investment. | firmly believe that
when the road Is built that the local
traffic Will furnish the interest, to say
nothing Of the through business tina,
VIII be handled, especially when the
Clark road is completed.
"A glance at the map demonstrates
what the Moffat line VIII do for SALE
Lake. 1t is the shortest line by fan
that can be built through from Den
yer and in addition 1t passes through
some Of the best country. Take Yer.
nal and that district, for instance. Tha;
Is where the money IL, In eastern Utah
Then the opening Of the Uintah reser-
walton Is only a matter OF time and
with IL will come an immense volume
of business. The live stock interests,
the gisonlte and other minerals Will
be factors when II comes to tonnage
This is only In Utah, In Colorado the
line passes through some of the best
undeveloped country in the west"
Coming down 10 the issue OF bonds
Mr.. Knox said II do not understand
thgt tho Hftllia fg nglyuI a.
teke these bonds. The way | under
stand II Is that the public is simply
given the chance to get in on the
ground floor, and my candid opinion Is
that the public Is going TO respond IN
a manner that will be surprising, it
is early yet TO forecast what viii hap
pen. but apparently those who COM
prise the syndicate believe In scatter
ing the bonds all over so that all
classes will be represented and inter-
ested In the new road that means so
much for Utah.
1.-THE subscribers for the bonds viii
undoubtedly be drawn from two
Classes; those who Will invest in Utah
and Colorado out of patriotism, and
n show that they want the road and
VIII help II along, and those of
the east who think the proposition
- good investment The Moffat
road as yet has not asked for anything
There has been no disposition shown
TO follow the policy so much in vogue
among some railroads when they are
entering new territory, | mean the re.
bonns mr. grant r"h,ahio us q heaYy
deed HE niecas of ,.eaIty a s"en'1 1 una
ment for he road 40 go . on iiluuee'
The Noffat roaa is onp oo ~ nv. eity'
ing something for nn,ht,ae' ~ "sn,
even asking he neonta ~ s,h ~ 20 ny
their bonds II Is sirorIy a oI,ina W
a chance IN eubscriho IL -, s'i US ,''e,h
and NV tbis nol,cv ,,nns go "a Oh, w.
reached ,hrouebo,,, ~. a,, m"i pe
could mot he ,o,'ohoa .0"nuiy ula'
cate ''O'''' W '"S synui'
I'm tha nrosnec,,s ,ho,o l.,
liberal allowance on ~ 49,. very
cost NJ corstr,,c,,or aS I s,,1Is ana
love maj ,ba es,iroa. NV iu'P pe
one II Is a nerfoo,i,, 'i ia.,,,, - ploau
ternrise a ma ono hai,o,e , . en-
a good investment ' '"a' WIN We
~ ook ~ 49, De- o.os
oven Union paci6c Tha"a VI
when ,hev wero 90 all ,,,n. ""s q .i,ue
noses worth comn %r ,'i.e.s ai,t pur-
Now the common stock 10 yor,p S'n luz.
than the nreferred Ss mnS 49, ,,io.y
II, The 81 600 bonds NJ Inc uoeo. s sanS
are 10 be sofia at tos0 m, na,' 'oau
cent interest M nor Than PS per
each buver NJ Il cOo hord s,a,s sos Sonus'
ferred and ,95o cor,yna 800 s-0V ny, ptt-
stock will undoubtodiv no,, go an ms
dends some dav ara rili $50 W.
on the stock n,arte, W. "a 'a'ue
legitimate enternrlse onJ ~
should no heined aiono u ons lnat
M Tftab "a vho,o M h,,u ,is. Ies.us,lss
ROAD means so rnncb u,ns VI ms
I shall nost aes,,rodi,. eau ueiore
those hands ond hni,s sumo Oh
are nlentv ~ o,bor reonlo 'nat mere
Who also look on M P, no ~ ,nis STATE
Iigh, on a good ,bins p'OPoSi''oh III 'he
Mr. Knox vac ,ho, osL., .
in HE oninior tho snaa a n.r.,s rwhslnerr
nrovidlng ,ha n,hi,o mou,u oe uu,lt
dlractlon 10 nurnhssi, .e ~ III the
offored sor saia ds1 - VIZ pon'us now
exnactstiors % ~ ~" ,o .os.e up 20 me
enterprise '"' rO'''O'e's vi 'he