The Colorado statesman., 1907-09-14
MORMON MONEY
HELPS M0FFAT
WALL STREET WITHHoLDs AID
BUT UTAH COMES TO THE
RESCUE.
CONNECTS TWO CITIES
THERE is TO BE NO FURTHER DE.
LAY IN CONSTRUCTION OF
THE ROAD.

Denver-David H. Moffat has COM
blned his finances with those of the
Mormon church for the immediate com.
pletion of the Moffat road to Salt Lake.
we will run trains between Denver
and Salt Lake within two years." said
Mr.. Moffat.
Mr. Moffat was enthusiastic over the
outcome Of his recent Salt Lake trip.
He said: actual dirt is now flying
In the beginning of the construction of
the road from Provo to meet u.s. There
Will be no delays. The road will be
completed as fast as men and money
can do it.
"The Utah Construction Company
will work separately from our forces in
Colorado as far as building is con-
cerned. At its head is Jesse Knight, a
man with an income of $400,000-a year;
Reed Smoot, and the financial support
of the Mormon church
These people and their associates
are heavily interested in the bonds OF
the road. They are as anxious to push
construction from that end as l am
from this end.
while we were in Salt Lake we ar
ranged our terminals, yards, ETC., and
the arrangements were most satisfac-
tory. The Utah people want the road
completed as badly as Denverites. 1t
will open the coal fields in Uintah and
Routt counties to them as well as us,
and its operation will be of the great
est benefit
Worked for This End.
Il have worked three years now to
get just the arrangement that / have
finally completed and | am satisfied.
am back to Denver this time to stay for
a while, and shall devote my time to
the pushing OF the construction from
this end as rapidly as Mr. Knight and
his associates are working from their
end. We will meet at the state line.
"The route from Provo through the
mountains has not been fully deter
mined upon all the way. We have sew
eral surveys but the selection lies be-
tween two of them The road will
either go through Provo canon or
through Hobble Creek canon east of
Springville."
Mr.. Moffat's interview settles, evil
IDENTIFY, all question of the completion
of the road without the aid of Wall
street. His positive statement of COM
bination of the capital of the Mormon
church with the capital which he and
his associates controls makes certain a
sufficient amount of money to finish
the road without the sale of the bonds
either in New York or London.
All Obstacles Removed.
Mr.. Moffat is as pleased as can be
over the final success of his negotia-
tions with the Utah capitalists. He
said in the course of his talk:
There Is not single obstacle re-
naming to the speedy completion of
the road"
What effect the agreement will have
on the transcontinental railroad stu
alton is hard to predict. Heretofore the
Hartman interests, which control the
Union Pacific, Southern Pacific, Ore
gon Short Line and Clark properties,
besides owning a sufficient interest to
practically dictate the Santa Fe man.
agement, have steadfastly refused to
buy the Moffat road bonds, besides plac
ing every obstacle in the way of their
sale
This was done in the belief that Mr.
Moffat could not complete the road
without them and would eventually
come to their terms.
Now that completion is assured a
traffic arrangement with the Burling-
ton is most likely.