CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1906-11-22
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The public meeting held in the dis
trict court room Tuesday night, under
the auspices OF the Canon City Mer-
chants Association, for the purpose
OF taking some steps looking TO the
completion of the electric railway to
the top OF the Royal Gorge, gave an
emphatic endorsement to the plans
of Frank D. Heath for the building
of the road by agreeing to pay him
substantial bonus when the line is In
operation.
The meeting was called to order by
President Henry Hutton OF the Mer-
chants Association. who briefly stat
ed it's object. Ed Minor was chosen
secretary. after which Mr.. Heath was
introduced and outlined his hopes and
ambitions In relation to the Canon
City and Royal Gorge Electric Rail-
way proposition, which he has recent
ly purchased from F. S. Granger and
his associates.
Mr.. Heath said he had bought the
property because he believed 1t was a
good investment and because he was
convinced that the contamination OF
such an enterprise would contribute
to the material welfare and prosperity
of Canon City.
Mr.. Heath asserted that he was not
associated with anybody here in the
purchase of the rights and franchises
of the old company; he had purchased
the property with faith that he
would be able 70 finance II amoIg his
friends In the east. who we're willing
to put their money into securities -ss
that kind He had Investigated the
earning possibilities OF the proposed
road and felt convinced that If would
pay fair rate OF interest u not capi-
talized too heavily One of the assets
of the road. that had been transmitted
To him from the old company. was a
contract with the Santa Fe Railroad
Company TO deliver several thousand
tons OF limestone on board its cars in
this city. which. Mr.. Heath said. would
be a considerable source of revenue
for the first year or two after the
road was put into operation.
The various steam railroad lines
had shown very generous disposi-
ton towards the Royal Gorge electric
line, according TO Mr. Heath. and
could be depended upon TO treat 1t In
a spirit of friendliness and good will
Mr.. Heath showed from data fur
nlshed him by Col Hooper, general
passenger agent of the Denver and
Rio Grande, that $4,000 tourists visited
Colorado last year. and that during
the months Of June. July. August and
September, 1905. the Denver and Rio
Grande road carried $4,000 passengers
through Canon City 10 the Pacific
coast. ninety per cent OF whom, de-
clared Mr.. Heath. were pleasure seek
ers. or course, continued Mr.. Heath.
we cannot expect all OF these people
to come TO Canon City, but with the
completion of the electric road to the
top OF the Royal Gorge we will get
our share OF them.
Mr.. Heath said that approximately
$4,000 had been spent by Mr.. Gran
ger and his associates In the local
electric railway proposition. and that
the debts OF the company were some
thing like $4,000. The work done by
the old company was we'll done. de-
clared Mr.. Heath. and he expressed
confidence that he would have no dif-
nculty in showing prospective inves-
tors that every dollar that had thus
far gone into the enterprise had been
expended to good advantage.
Mr.. Heath said that he felt very
grateful to the people OF Canon City
for the support that they had given
him in the past in the execution OF
his undertakings, and he believed they
would stand by him in this one. He
said that he felt a delicacy about ask
ing for fixed bonus. as he was con-
vinced they would do the proper thing
by him II he succeeded. II he did not
succeed he did not want a cent Of any
body's money. He would build an
electric line from the Denver and Rio
0rande depot to the top OF the Royal
Gorge, and. at least, one mile Of ad-
ditional trackags within tho city lin
IL. and have II In operation on. or