The daily sentinel., 1906-05-03
The Proposition
Is Accepted !!
Agreement Reached Between Will
Oushby. the Shenandoah Rail-
road Promoter and Grand juno
tiOn Citizens.


There was continuation OF the
conference of the citizens last night
with D. C willoughby and his as
sociates, who were here for the pur-
pose of investigating the feasibility
OF building a railroad from this city
to the Paradox country and to the
great land holdings of this company.
in the Shenandoah valley.
The conference was held in the
new City HAN and was attended by a
large number of representative citi-
zens together with the special com
nittee of the Chamber OF Commerce
and Mr. Willoughby and associates.
The proposal of Mr.. Willoughby
was thoroughly gone over last night
in its every phase His proposition
that this city float or assume the res
possibility to float s45O.OOO OF bonds
OF the proposed road was discussed in
its every detail, the ability of the
people TO assume this responsibility
canvassed and a final determination
arrived at before the meeting ad-
journed long after midnight
The resources of the country con-
tlguous to the proposed railroad were
enumerated for the benefit of Mr..
Willoubhby and his associates and
Mr.. wnloughby more thoroughly
demonstrated TO the gentlemen pres
ent the very particular reasons why
his company must have road into
the Shenandoah country.
During the session Mr.. Willough-
by gave the gentlemen present to
understand that he was most favorab-
ly impressed with the Importance of
this city. as a point of beginning for
so great an enterprise over any
place, as yet proposed to him or his
associates. He felt gratifed that
the public were so Interested in the
proposed scheme and that they had
so much to offer in the feasibility of
a route the fact OF their being al
ready built a smelter in this city and
furthermore the seemingly great ton
mage that could be furnished the
road. through the development OF
mines in the unaweep and Paradox
di..sicts near to the proposed route.
Finally Mr. Willoughby submitted
the following proposal to the meet
ing for ratification:
Grand Junction, Colorado.
May 2. 1906.
at is hereby agreed and stipuiat-
ed by and between the undersigned
may sign an agreement of even date, ,
herewith, citizens of Grand juno
tion and vicinity subscribing for the
bonds of the Colorado Il Southwestern
railway company, that the undersign-
cd will purchase any and all of said
bonds so subscribed that he unsold at
the expiration of one year. for not
less than enight-five (S5) per cent of
the face thereof, suci bonds so bought
by the undersigned and the proceeds
thereof to apply on the total amount
subscribed for by such citizens under
their respective subscriptions as
aforesaid, Il being mutually agreed
and stipulated that this agreement is
and shall at all times be considered
contcmporaneous with and part of
the said respective agreements afore-
said.
"'rhc Shenandoah Irrigated Lands Co.
by ID. G. WILLOUGHBY."
Then upon motion the following
resolution was adopted by the COM
mittee the motion >being presented
by w. s. Wallace:
RESOLVED, That the Chamber of
Commerce accept the proposition of
MIR. Willoughby and agree 10 secure
the individual subscription for the
amount of St5O,OO0 In bonds or In
the alternative the subscribers agree
To stand the discount on the amount
OF the individual subscriptions, not to
cNcccp the fifteen per cent. IL the
bonds are not placed by the sub
scribcrs and that the number of sub
scribcrs be not less than fifty in num-
her.
This morning special meeting Of
the Chamber of Commerce was held
and the matter Of the proposed rail
road and what had been done in the
premises fully reviedew by the board
of directors.
After discussion The following mo-
tion was offered by l. n Bunting:
BIZ 1T RESOLVED, That. by The
board of directors of the Grand June
tion Chamber of Commerce that the
foregoing resolution adopted at u
meeting of the citizens of Grand juno
tion, held May =. t00OG, he and the
same is hereby approved. endorsed
and accepted.
The board then authorized that
the committee on securing subserip-
tion he authorized to have flve hund-
red contracts for the bonds printed.
A committee consisting OF three
members Of the hoard were then
authorized to secure place Of meet
ing for n large mass meeting to be
held on the evening of Tuesday MAY