The Elbert County tribune., 1908-01-16
SYNDICATE OF COLORADO cAPL
TALlsTs WILL PUSH LINE TO
STEAMBOAT SPRINGS.
BACKED BY MILLIONS
WILL OPEN LARGE TRAFFIC II
COAL, CATTLE, MINERALS
AND LUMBER.

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 Yarmony. 146 miles from Denver.
The next station will be McCoy's,
twelve miles further on. Orman q.
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 a number of individual mine
owners and syndicates will build lines
connecting their property with the
Moffat road, these acting as important
Seeders.
David C. Dodge heads the list of in.
corporators of the new company, and
associated with him are Henry NJ. Por.
ter, S. NJ. Perry, John F. Campion,
Charles Boettcher Charles ]. Hughes,
Jr., Thomas F. Walsh, L. C. Phipps
and William Byrd Page. The capital.
ization is s1,5OO,OOO 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 H.
Moffat signed the agreement with the
new company. The arrangements en-.
tered into contemplate completion
of the road to Steamboat Springs by
the end of 1908.
The coal fields to be tapped cover an
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
resource of the state will be opened.
So favorable is the present outlook
tnat mining properties in the county
have experienced a great stimulus
81,
purchase tracts of land that are after.
ward subdivided into farms and sold
to homesteaders. Large sums OF
money are also being invested in cat.
tie.
The mineral springs at Steamboat
Springs have assumed a value for re.
sort purposes, and it is reported that
number of Eastern capitalists have
associated with a view of utilizing
them for this purpose. 1t is 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
company to build Moffat road
feeder twenty-seven miles long, which
will make direct connection with
som of the anthracite mines.
The following is the official state.
ment of the new company:
1.-The substantial Denver capitalists,
mining men, cattle men, beet sugar
men, coal operators and financiers,
who constitute the board of directors
of the new company. have Joined Da,
vid H. Moffat in his great Denver,
Northwestern G Pacific railroad enter
prise. This combination of financially
strong and successful Denver men con-
Btitutes the most powerful combination
of financial interests which could by
any possibility be 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 Salt
Lake City without applying to any
Eastern capitalists for funds or to any
other railroad organization for as.
sistance.
For more than a year the Moffat
road, even in its uncompleted condi-
ton, has been earning the interest
upon all its bonds which have been
sold, in addition to earning its operat
ing and maintenance expenses. Its
completion through the Routt county
coal fields to Steamboat Springs will
give 1t such an extensive added traffic
in coal, cattle, minerals, agricultural
products and lumber as will make 1t
the most profitable railroad enter
prise in the western states.
This new Denver railroad enter
prise will open to development and
settlement a vast region of great fer
tility and mineral wealth in northwest !
ern Colorado and northeastern Utah. |
now without any railroad communica
ton and practically unsettled. 1t will
bring a tremendous increase in trade |
md growth to Denver.
Merchants and labor will both re-
ceive the benefit accruing from the !
combined efforts of the strongest body |
II representative citizens working to. |