The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1914-01-02
GOULDS WILL BUILD
The WINNEMUCCA
RAILROAD

The following is copied from The
Salt Lake Herald-Republican Of De.
cember q:
Western Pacific officials are said to
have given assurance to promoters OF
the Boise Wlnnemucca railroad that
the Gould line will build and operate
the road providing certain conditions
are met by the people of Idaho and
Oregon President X. +. Bush OF the
Western Pacific, who went over the
line of the proposed road some weeks
ago, is said to have notified Ed. X.
Place, James f. Clinton, Frank K.
Coffin and A. X. Cruzon Of Boise, who
are behind the company, that it will
be necessary for the Winnemuc-
ca to raise $2000,000 in addition to
the present 100000 represented by
the right OF way and subscriptions
which have been promised TO the road.
This is said to be due to the decision
of the Western Pacific not to bond it.
self for an additional $35 100000 to
build feeders.
Mr.. Place, promoter of the road,
who has been actively engaged for sew
eral months in procuring rights of way
and subscriptions, is said to have at
tended the meeting of the Missouri
Pacific, Denver & Rio Grande and
Western Pacific officials in St. Louis
at which the matter of building the line
was discussed. Owing to the amour
cement made some time ago that the
Western Pacific was in a position to
obtain $35,000,000 from France, it was
thought that the line would be built
with Western Pacific money
AZ - ~. 81
San Francisco after January | to see
if capitalists in the coast metropolis
will not come to the aid Of the Boise
that the Western Pacific desires the
proposed line to raise its own capital
through the sale of bonds, which will
in nowise affect the borrowing power
of the Gould lines, and that after the
road has been built, the Western Pa
cifc will take long lease upon and
operate it,
When the matter was discussed
many months ago, committee was
sent to San Francisco and 100000 |
was subscribed by wholesale houses
and capitalists there to enable the |
Boise Winnemucca promoters to make |
the final survey. In Boise, it is said, |
SIS, 900 was subscribed in addition to |
the grant of right of way, yard room
and passenger terminals valued at
about $l,250,000, The right of way
passes through some of the highest
priced land in Idaho and there has
been standing offer, it is said. that
any railroad which would build into
Boise would be given the right OF way
free of charge.
The proposed railroad is to be 26S
miles long and it is thought that it
can be built at comparatively small
cost, as there is practically no heavy
grading on the line, and not one tun-
mel to be constructed With %,444.-
900 in sight, either through bonding
the proposed road or by stock sub
scriptions, it can be built, it is said
An effort is being made by Western
Pacific financial agents to obtain mon
~ in Europe for the building of feed
erS, but it is said that on account of
unsettled business conditions in the
United States it will be some time be-
ore any definite answer can be OBJ
aimed
While financing feeders to the West
I'm Pacific is in the air, it is said an
fort will be made to get rights of
way from farmers and towns on the
inc of the Boise-Winnemucca so that
may be built with as little expense
S possible. +