The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-10-16
HARTMAN WILL YET
ACQUIRE SALTA|R
Magnate at Present Negotiating
for Purchase of Beach and
Railroad Companies.
CLARK ROAD BEING HEADED
OFF ON FOURTH SOUTH
Hartman People Now Double
Tracking That Theroughfare
and Grading Progresses.

Notwithstanding what may be said
| TO the contrary it is the intention of
the Hartman people TO ad 10 their
vast interests already accumulated in
this city and State. the Saltair beach
| property and the Salt Lake & Los
Angeles railroad, If the negotiations
which have been on foot for some time
are successfully consummated 4 mum
Der OF conferences have been held be.
| tween W, II. Bancroft, who is the head
of the Hartman interests in this sec
ton, and representatives, of the above
| companies, looking to an requirement
of these properties but the negotiations
are not completed.
Submitted Proposal to Saltair.
Reliable information is TO the effect
that Mr., Bancroft recently submitted
a proposal to the Saltair people but
1T was not accepted. Just what this
proposition was has not developed 1t
is believed that the price asked for
the Saltalr beach property and the
railroad is 100000. This year a pro-
fit OF l2l2 per cent was netted on
that amount, figuring that that sum
represented tho investment. But of
more Importance 10 the church inter
ests than Saltair beach is the salt in
dustry. 1T is from this that the large
profits have been accumulated, and it
is surmised that in the negotiations
for sale of the railroad provisions
would have to be incorporated that
would protect this industry in the mat
ter of transportation. In other words,
anything in the sale of the road that
would in any way diminish or imperi
the profits of the Salt trust would be
rejected, But, nevertheless, overtures
are still being carried on between the
parties and no sale, as has been stated,
has been made to any concern repre-
sentlng or IN any way connected with
the Harry j. Clark interurban road or
to any other corporation.
Hartman People Begin Work.
The Hartman people have already
begun active work extending and en-
larging the Salt Lake street railro&l
system. Actual operations began sew
eral day ago on Fourth South street,
where a double track is TO be laid
westward. The street car company al
ready has track on Fourth South,
running west from Main street. and the
intention is TO double-traclt that street
and the block from West Temple to
First West streets has already been
graded. The Clark road also goes west
on Fourth South street from West
Temple but the Hartman people have
taken the lead and appear to be push
competitor, and of course, the usual
complications may ensue.
Twin Falls Purchase.
The purchase of the Twin Falls
Power company by the Hartman in.
terests, which was reported exclusive
lv IN Monday mornings Tribune, is
another important link in the scheme
of development. Although none of the
officials Of the companies concerned
give out anything definite it is ad
mitted by some that negotiations have
been pending, and 1t Is known that a
sale has been effected.
S. 3. Miner of the Shoshone com
pany and w, II. Bancroft were seen
Yesterday with regard to the matter
but neither was prepared to make any
statement.
Immense Power Scheme.
The power scheme in Idaho is of i'm
mense dimensions. Were the plans
conceived carried into execution 700,-
600 or 100000 horse power could be
generated: but there is not likely to
be any immediate demand for such
energy. AS soon as practicable, how
ever, 100000 horsepower, the amount
contemplated by the present plans,
will be generated and the great bulk
of it transmitted to Salt Lake The
loss OF power TRANSMISSION rs estimated
at about per cent, an exceedingly
small amount, so that there will be
no lack of power for the propulsion
Of the electric lnterurban roads be-
tween Salt Lake and Ogden and other
points contemplated in the Hartman
scheIpe Of development.
The next few months will witness
remarkable activity and a wonder
full development in railroad affairs in
this city and vicinity.