Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-04-23
GEORGE ]. GOULD
AND D. 4. MOFFAT
interesting Developments in the
Denver Short Line Deal
RIO GRANDE TO HELP OUT
Ro,h FinancIers 10 Participate In 'ho
Biggest Banking Merger In the
Country Railroad News

Following the official announcement
that an understanding had been erfiVeo
al between the promoters Of the san
Pedro railroad project and u, IL HART
man comes a similar proposition regard
ing the Moffat road and Geo. j. Gouid'
AS briefly noticed In the News earlier
in the week the MoIat road rs for me
time being to connect with the Denver
q Rio Grande at either Wolcott or Dot
sero, Colo. This means that there ls
only 40 miles OF construction to be un-
dertaken In order TO give the RIO
Grande n straight shoot into Denver
cutting out the long main line route wa
Pueblo and saving the RIO Grallue ioV
miles between Salt Lake and Denver;
Another interesting feature OF TINS
agreement may be taken into consldera-
ton by those who are making the ram
road situation study may be taken
into consideration with the statement
that the main line Of the Missouri IA
cIfic (the Gould parent line) is due 10
reach Denver from the east about the
time this cutoff viii be completed. AZ
present the Missouri Pacific praeucalig
terminates at Lenora and from this
point the extension will be made. WIN
these gaps closed up Gould VIII nave
splendid link In his transcontlnental
line straight through from 81. Louis 10
Ogden.
Now that the future of the san Pedro
r. no longer In doubt Gould VIII also
take steps, undoubtedly, In the direc-
ton CT tapping the San Pedro main HE
IN Southern Utah by means OF the much
discussed cut-off via Green River ana
Salina canyon TO point In Iron coun-
ty.
Setting aside the rumored Gould ex-
tension from ogden to San Francisco
the swarthy little railroad Napoleon Is
not going TO let Hartman have things
all his own way. Apparently, Judging
from events, CLARK has TO an extent
tied mp with Hartman. Gould is also
apparently taking Moffat under his
wing. II was given out months ago
that Gould had subscribed for S5,OQ0OOO
worth OF bonds Of the Denver, North
western & Pacific and the wise denizens
Nl fAdlliOdA NOV nave III hANiAt IAHNiNAH
ed that the Moifat road was another
Gould proposition and now comes the
confirmation of the report that the Rio
Grande Is to give a helping hand In
the construction Of the new road and at
the same time secure a valuable cutoff
into Denver for It's main line. This cut
OF is to be built from Kremmlng. Colo
Charles J. Hughes Jr., IN an interview
IN Denver on Tuesday ha0 the following
10 say regarding the matter:
We have fled on the old Colorado
Railway company's surveys in Grand
and Eagle counties for the purpose OF
building this branch II will be about
40 miles long. We win first construct
the main line up 20 that point before
work will begin on the building Of the
branch. The object of this Is 10 enable
us to haul the material and transport
supplies for construction work into the
field over our own rails from Denver.
We have secured the right OF way 70
some point In Eagle county, but all Of II
has not yet been obtained. II win de-
pend on the rapdlty with which the
main line Is constructed as to the time
work will begin on this branch. From
h"N NNAfANNNAhAA punt TIT NAhlH AilAt VIII
continue on toward Salt Lake City as
heretofore announced"
BIG BANKING SCHEME.
Another interesting feature connected
with the trend Of affairs is printed IN
the Denver Times 70 hand. 1t says:
1T is understood that while In the
east David II. Moffat viii participate IN
deals looking to the formation OF one Of
the greatest banks In the United States.
Mr. Moffat Is one OF the directors Of the
Western National bank and Il is re-
ported that this bank will be merged
with the National Bank OF Commerce Of
New York city The merged banks wiz
form one OF the biggest money institu-
tons IN the country, not excepting the
big Rockefeller interests II Will have
a capital Of S2O,0OO0O0 andsl25 900. 900 In
deposits. Among the other directors Of
the Western National bank are Chaun-
tey NJ Depew, George j. Gould. James
II, Hyde, Il. j. Berwlnd, w. c. whitney
Levi F. Morton. Elihu Root and Daniel
Guggenheim J. Z. Morgan Is at tho
head Of the Bank Of Commerce. While
the report IS not authorized none OF the
parties connected with It denies It's
tiuthfulnpgsn