The state herald., 1908-01-17
SYNDICATE OF COLORADO cAPl.
TALIsTs WILL PUSH LINE TO
STEAMBOAT SPRINGS.
BACKED BY MILLIONS
WILL OPEN LARGE TRAFFIC IN
COAL, CATTLE, MINERALS
AND LUMBER.

behNeis-by tue Incorporation Ol
the Denver-Steamboat Construction
Company. which filed its papers with
the secretary Of state January 10th,
the connection Of the Moffat road with
the main body Of coal fields in Routt
county is assured.
The present terminus of the road
Is harmony, 146 miles from Denver.
The next station will be McCoy's,
twelve miles further on. Orman &
Crook have finished grading and have
the line ready for the rails to McCoy's
The new construction company will
build to Steamboat Springs and prob.
ably on TO Hayden. 1t has the assur.
ance that with the opening of the coal
fields number Of individual mine
owners and syndicates will build lines
connecting their property with the
Moffat road. these acting as important
feeders.
David c. Dodge heads the list Of in.
corporators Of the new company, and
associated with him are Henry NJ. Por.
ter, S. N. Perry, John F. Campion,
Charles Boettcher. Charles ]. Hughes,
Jr., Thomas F. Walsh, l.. c. Phipps
and William Byrd Page. The capital.
ization is $1.5O0.0OO and headquarters
will be maintained both In Denver and
In Routt county.
AS stated in the articles. the object
Is to take over the bonds and stocks
Of railroad companies and secure con.
troll OF and operate them. The right
is reserved to operate in Denver. Routt
and Eagle counties, and such other
counties in Colorado and Utah as may
be necessary.
Most Of those associated in the new
company are also interested in the
Continental Railway Tunnel company,
organized some months ago. Friday
negotiations for the building OF the ex.
tension were completed and David II.
Moffat signed the agreement with the
new company. The arrangements en-.
tered into contemplate n completion
OF the road to Steamboat Springs by
the end OF 1908.
The coal fields to be tapped cover m
area of 1000 square miles. All kinds
of coal are found In these fields, the
anthracite being equal In quality to
the Pennsylvania product.
With the connection OF the Moffat
road and the coal fields, an immense
] - h.. h..
So favorable is the present outlook
tiat mining properties in the county
have experienced n great stimulus
Syndicates are also being formed to
purchase tracts OF land that are after.
ward subdivided into farms and sold
TO homesteadcrs. Large sums Of
money are also being invested In cat
tie.
The mineral springs at Steamboat
Springs have assumed n value for re,
sort purposes. and II Is reported that
n number OF Eastern capitalists have
associated with u view OF utilizing
them for this purpose. II liz said that
they have purchased all the unsold
parts OF the Steamboat Springs town
site. and will make the property one
OF the finest OF the states resorts,
Dorsey Bros. OF St Louis have formed
n company to build a Moffat road
feeder twenty miles long. which
will make direct connection with
some OF the anthracite mines.
Tho following is the Official state.
ment of the new company:
"Tho substantial Denver capitalists.
mining men. cattle men. beet sugar
men. coal operators and finnncicrs,
who constitute the board of directors
OF the new company. have Joined Da'
yid II. MofIat In his great Denver.
Northwestern a. Pacific railroad enter
prise. This combination OF financially
strong and successful Denver men con,
stitutoa the most powerful combination
OF financial interests which could by
any possibility DO gotten together In
Colorado.
Acting together with Mr.. Moffat.
the Denver men who have now Joined
him In the enterprise are financially
able TO construct the railroad TO Sal,
Lake City without applying To any
Eastern capitalists for funds or 10 any
other railroad organization for an
niatnnco.
For more than n year the Moffnt
road. even In ita uncompictod condi'
,ion. has been earning tho interest
upon NIL It's bonds which have been
sold. In addition TO earning its oporat
Ing and maintenance expenses, Its
completion through tho Routt county
coal fields 10 Steamboat Springs will
giyc II such an extensive added trai'lc
In coal. cattle, minerals. agricultural
products mud lumber ms VIII make II
the most profitable railroad enter
prise In the western HtaicH,
"ThiH new Denver railroad enter
prise will open 10 development ana
settlement n vast region Of great fer
tility and mineral wealth In northwest
ufn Colorado and northeastern Utah
now without any railroad commnnica
lion and practically unsettled. II will
bring n tremendous increase In trade
md growth 10 Denver.
Merchants and labor will both 70
seiye the benefit aeoruing from Tho
combined efforts Of the strongest body
II representative citizens working TO
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