The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-12-21
MOFFAT REJECTS
OFFERS OF AID
Doesn't Need the Assistance OIL
Eastern Financiefs.
MONEY RAISED IN TIE WEST
RAILROADS SEEK TRAFFIC Ar
RANGEEENTs.

The M0ffat road can be accomplished
without the subscription of a dollar
from eastern sources, according to re-
ports received from Denver Colo With
that fact clear to the financial and rail-
road interests which center around
Wall street, there has been a rush to
secure stock of the company. And
railroads are enGeavoring to make traf-
fic arrangements with the transmouu-
tain line.
There was q time when the cast
thought Air. MOffat could not build his
road without the cooperation of Wall
street, not only from q financial point
OF view, but also when it came to max
ing traffic arrangements with other
lines running into Denver and Salt
Lake City But now that the en-
terpTise and judgment of the banker
and his associates have shown the east
that the west is capable of financing q
SIS, O00 600 proposition, factors that once
believed they were solely potent TO the
completion Of the road have awakened
to the realization that they are not in
dispensable, and are making overtures
to Mr. MOffat to get some of the stock,
or making bids for traffic arrange
ments.
Road VIII Cost Se5, 100000.
Like Senator Clark, Mr. MoTat has
demonstrated to the world that a sin
gle man can build a railroad in the
west, and not have 20 rely upon the
east for money or beg transcontinental
systems for traffic arrangements. In
both instances the men have single
handed raised the money for their prof.
ects and experienced the satisfaction
Of seeing the corporate interests which
shook their heads at their projects
come to them for stock or submit plans
for cooperation.
The cost Of the road from Salt Lake
to Denver, including equipment and ter
minals, viii reach about $4,000, 600, and
/ this sum could be secured many times
over. Thursday contractors on the road
were paid $780, 600. The payments are
not made at regular times, but when
ever a stated amount of work is COM
pleted. The average cost per mile
where the construction presents the
greatest difficulties ranges from $4,000
TO $50, 600. This cost could be reduced
$4,000 per mile If construction were de-
layed until the warm weather. but Mr..
Moffat is anxious to push the work and
believes that the difference will be more
than made good to the road in the adj
vanced time Of beginning business
Cold Hampers the Work.
during the paSL month the weather
has been very cold in Colorado and the
/ men have been forced to wear, heavy
clothing. This interferes with their
work by hampering their movements.
Then, too, an hour or more is required
, every morning to get things thawed
out and ready for business.
The construction Of the road is being
carried on under the latest and most
approved methods. With the exception
of the temporary switchback to Rollins
pass, the entire line viii be equipped
for the use of the heaviest trains in ex-
istence.
There is marked similarity bRtween
the MOffat road and the Clark road in
that each was conceived and is being
carried to accomplishment through the
energies of one man. Both roads were
opposed by eastern interests and in
/ each case the opposition was overcome
by the declaration that if eastern
money was withheld the promoter
would use his own fortune for the pur-
/ pose. This served TO bring an influx
lof eastern capital so that now both
J Mr.. Moffat and Senator Clark are in 2
/ position where they can dictate the
terms Of subscription.