The daily sentinel., 1906-10-18
WANT ROAD BAD
The People of the Plateau Valley
VIII Make Every Effort TO
Get Line into that Rich
Territory. VIII Put
Up Money.

Eevery effort seems to be being
made by the people of the Plateau
valley to secure a railroad connee-
tion with outside points. They are
determined that not many months
shall pass before the starting of work
on the line that will open up that val
ley shall be witnessed. II they cant
get the electric line which they have
been planning and hoping hat Geo
Smith would succeed in building they
desire standard railroad and the
Plateau Voice declares that if the
Plateau people will subscribe some
thing like 100000 worth of bonds
outside people stand ready TO take
up the proposition.
All Plateau valley needs to make it
one of the richest sections in Colo
RADIO is railroad and 1t is to be
hoped that its coming will not be long
deferred.
Regarding the matter the Voice
has the following to say
THE people of Plateau valley need
not be without a railroad much long
er If the right kind of concentrated
action is employed and every energy
eNerted to secure 1t. II has been Civ
en- out from more than one author.
i've source that if this valley viii
show its willingness to take hold OF
the matter by subscribing 100000
or thereabouts, there are outside cap
italists who will do the rest. In an
interview George Bales had with G.
w. Vallery, in Denver recently, Mr..
Vallery said: We (the Midland) peo-
pie do not want to build the road in
to the valley and put up the cash
but We will back any company organ
lied by the people, and furnish the
deficit which cannot be raised among
your people. providing you raise
enough to make it an inducement to
us. For the first two or three years
the road will not pay, but after that
period it may pay more than running
expenses.
This is not the first time such a
proposition has been made. What
the Midland people will do, the d. &
may expect even less than that of the
valley. Orson Adams. acknowledged
to be the foremost financier in Mesa
county, is said to have made the
statement that If the valley would
subscribe a sum of even less than
100000 he would see that the rest
was secured. Then there is our own
C. II. Beggs who is about as well ac-
quainted with the ins and outs OF
railroad building as any man in this
state. who has signified his willing
ness to take hold of any legitimate
railroad proposition and push It TO
a complete success.
In fact the matter has resolved
itself into the one question; can we
take 100000 in railroad bonds to-
be fioated b ythe people of this valley
and the adjacent territory which the
done dead easy. 1t is so clearly to
the interest of every property owner
to get the road, that it is merely a
business proposition for us to float
those bonds and divide the cost as
equally as possible.
Every man who has a piece of land
now worth $1,000 will be given less
than nothing If he puts $500 into the
bonds. since the land Will double In
value the day the first blow is struck
to break ground for the roadbed. II
he is compelled to mortgage his land
to raise the money he will still be
winner. since his land will have in
creased three-fold III its productive
value and fve-fold In its market val
ne the moment the road is completed.
The owner of any amount of land.
great of small. would make a clear
gain to sell off one-half his land and
invest the proceeds in stocks, since
what he has left would not only be
more valuable with the road than
twice the amount without it. but its
money-making value would be great
er.
"All this would be true if the sum
subscribed were actually given to the
promoters of the road. But no one
asks this. So far is this from the
truth that the investment would be
good one, If made for speculation
only. The bonds should scarcely go
below par at the beginning. with all
the undeveloped wealth of this valley
behind them. Mr.. Vallery. says, con-
servatively that the road will pay in
interest after two or three years. This
means that thereafter the profits
would increase steadily, until after
few years the stocks would be gilt
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