CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1907-10-17
Looks Like Frank Heath
Made Good Electric Line
Message From Governor Peabody Money
vided and Nothing Remains But Complete

Assurances are given by Frank D..
Heath and his associates that the long
deferred electric railway through the
streets of Canon City and to the top
of the Royal Gorge is at last to be
built and that work is to be begun
at once. All of the necessary capital
for the construction and equipment
of the road has been subscribed, ac-
cording to Mr.. Heath, and the enter
prise will be hurried to completion.
The good news given out by Mr..
Heath and his friends on Saturday
Is predicated' upon a message received
from Gov. Jas. H. Peabody from New
York Friday evening in which he
states that the money has been raised
and that nothing remains to be done
but to construct the road. The an
nouncement made in Gov. Peabody's
telegram was not unexpected by Mr..
Heath and his friends. although it
came as a surprise to the public ow-
ing to the fact that but little had been
heard of the electric road for some
time, and the general assumption that
the matter had fallen into a condition
Of innocuous desuetude.
At the present time Mr.. Heath is
unwilling to make public the names
of the men who have financed the en-
terprise, but he says they are among
the most reputable in the country and
are able many times over to carry
into execution such a proposition as
the proposed electric railway system.
They are not in any sense promoters
or stock iobbers. but are capitalists
who are seeking a legitimate and re-
munerative investment for their mon
ey. They have been considering the
advisability of financing the electric
railway proposition here for several
months, and having become convinced
that 1t is good thing, have supplied
the necessary cash to build it.
A couple Of weeks ago they int-
mated to Mr.. Heath and Gov. Pea
body that they were willing to take
up the matter and gave the company
here peemiasion to draw upon them
for ESQ., 900 to start the work. Realiz-
Ing that such q sum was inadequate
to build the road and recalling its
earlier disappointments in promoting
the proposition, the company decided
to decline the offer, and instead, send
somebody to New York to secure IL
possible all of the money needed for
the construction and equipment Of
the enterprise. Gov. Peabody was Sc
lected for the mission and how we'll
he succeeded is tersely told in the
telegram of Friday night
The entire street system, as we'll
as the Royal Gorge division, We are
assured, will be built and that work
will probably begin the last Of next
week The street system will be con-
structed first and will be in operation
before the expiration OF the franchise.
which expires by Limitation on the
26th of next January. The Royal
Gorge division. we are assured, will
be ready for the opening Of the tour
ist season next summer. Mr.. Heath
says the matter has been absolutely
"cinched" this time and that the COM
pany will soon be in position to give
everybody in the county work that
wants it at remunerative wages.
Mr.. Heath says that at no time has
he lost faith in his ability to fnd
somebody to finance the proposition
and that the success which has now
been achieved is only the fulhllment
OF his expectations. The matter has
passed through many vicissitudes and
met with many disoouragements, but