The Glenwood post., 1907-10-19
BORE HOLE
into JAMES
GIGANTIC PROJECT THAT Will
SHORTEN DISTANCE BETWEEN
EAST AND WEST SLOPES
The P0MER0Y SCHEME
MEANS A LOAN OF $5,ooo,ooo TO
THE MoFFAT ROAD AND Val,
UABLE ASSET TO STATE

Denver.-Actual money-setting for
construction of tunnel through tho
main range near the base of James
peak will commence within a short
time. Attorneys James H. Blood, rem.
resenting the Continental Tunnel Com
pany, and Charles ]. Hughes, Jr.. conn.
sci for the Moffat road, are preparing
contract and a subscription blank
which Will enable the tunnel comlSNy
to put up its bonds on the mark&
John w. Springer of the Continental
Trust Company, which will act as tr,ls.
tee, says that as soon as the subscrip.
ton blank is agreed upon by Attor
neys Blood and Hughes, and blanks
can be printed the Continental Trust
Company will be prepared to receive
subscriptions.
There are many features about the
bonds Of the Continental Tunnel Com
pany which will make its securities
peculiarly valuable in the eyes of in
vestors," says John w. Springer.
Bonds Only for Sale.
Only twenty-five shares of stock,
one for each director, will be issued
Instead of stock we will sell the bonds
of the company.
There will be no high salaried Off
GERS connected with this company. We
are all doing the work for the good of
the state. The $5,00O,00O which will
be required to build this tunnel will be
divided among Colorado people, and
the $150,000 interest which will be paid
every six months will go into the
purses of Colorado people.
There is between $10,000.00O and
$15,0O0,O00 lying in the banks of Den
yer receiving but three per cent inter
est. Why not let this money earn six
per cent interest in the Continental
Tunnel Company bonds?
Labor Will Benefit.
Labor will get nearly every dollar
of the $5,0Q0,000 which will be spent
on the tunnel. and the population of
the city will be increased 100000 dur
ing the two years in which the work
will be done All those who work on
the tunnel will call on Denver for sup
plies Taken all in all, this is purely a
Denver and Colorado proposition. and
| am sure will be heartily supported BY
Denver and Colorado people. A.
Those who make subscriptions W
down, or they may pay one-tenth down
and make a payment every month until
the entire amount of their subscrip-
tions are paid. This, I am sure. will
appeal to the small investor-to the
man who wants to put small sum OF
money into safe proposition at good
rate o, interest. The interest on the
bonds will aggregate 100000 year
THE Moffat road is security for the
bonds. 1t guarantees the interest. and
at the end of ten years the Moffat road
will redeem the bonds and will become
he owner of the tunnel. 1t simply
amounts to loan of $4,000, 900 for ten
years at the rate of six per cent in
terest The bonds will be perfectly
safe. David H. Moffat has put $40
100000 of his own private fortune int"
the Moffat road and it is a safe com
pany. The bonds purchased by MT
Moffat are locked in his vaults and
nothing can affect the value of the rail
read.
Another feature is that all the
banks in town will handle these bonds,
A man can take one of these bonds int"
any bank in town and borrow money
on it."
Preparing Contract.
Attorneys Blood and Hughes viii
prepare a contract between the Cont
mental Tunnel Company and the Mohat
road which will be unassailable They
will take no chances of the town
knockers or any others finding any
flaws. The bonds will be made gilt
edged, and the guarantee OF the Monat
road will be so binding that 1t can nv
be attacked.
Herbert George, who will have actH
management of the company. mas
oGened temporary headquarters WIN
w A. Deuel., general manager OF the
Moffat road, on the seventh floor OF the
Majestic building. Permanent oihceS
will soon be secured by Mr.. George
The Continental Tunnel Company has
completed its organization, and as soon
as the technical work in connection
with the preparation of contracts. etc
is finished the company will lose no
time In pushing Its plans.