Semi-weekly herald. [volume] (Durango, Colo.) 1907-1917, 1915-12-23

trip was concluded here at Durang,
about ten days age, when the Elk
change showed the gentlemen some OF
the territory surrounding this city
MIR. Preyer expressed himself as sat.
isfied with tn tonnage and COLOMBIA
lion outlook and at a meeting in the
Exchange rooms he set forth propo.
sition for the consideration of oui
people. The proposed road will cost
around ten millions of dollars, and il
il Mr.. Preyer's belief that it will not
pay more than operating expenses for
several years after construction. He
therefore asks that the sum of $780,
900 be subscribed in stock between
Roswell, Albuquerque, Santa Fe and
this basin. He proposes that this sec
ton take $4,000 of the stock, to be
paid in ten semi-annual payments.
The first payment is to become due
after the road is all built and in opera
ton. The money thus paid in each
six months will help pay the inter
est on the bonds Of the road, and
make the investment more attract
i've to such of his friends as Mr..
Preyer may interest in the road. Also
if our people have finincial interest
in the railroad they will give it their
business.
After receiving this proposition the
Exchange directors at once got into
telegraphic communications with
references who gave good reports of
Mr.. Preyer and his standing and
ability to carry out such a project
as he proposed. The final wire came
in last Saturday and the directors.
satisfied that the project is worthy
of Investigation, have wired the gen
uemen interested that it is the belief
Of the board that the $685. 900 can be
subscribed in the basin il Mr.. Preyer
will give satisfactory assurances that
he will carry out to completion his
part of the deal. Further, the Elk
change will assist in every way it can,
being satisfied that more than 90 per
cent of the population of every sec
ton of this basin will vigorously
support the project after being salts
fled there is no element of uncer-
tainty about it.
The next move is up to Mr.. Prey
ef.
1t is timely here to say 4 word in
regard to the Exchange and its work.
No town in Colorado the size of Du-
range has ever undertaken such an
elaborate commercial and social club
as the Exchange. Many favorable
comments on the public spirit that
conceived and carried out this idea are
heard daily from visitors, and one of
the big outside dailies, will, in its
New Year edition, carry a picture of
the club rooms of this big CONNER
cial organization, Of which Durango
and the entire San Juan basin may
feel proud. But it takes money to
maintain such an institution. and the
Excl ange needs more new members
and needs the dues now owing from
present members if it is to carry on
the work and bring results beneficial
10 all this region. The board of di-
rectors Of the Exchange have paid
eqnai attention to helping every sec
ton impartially, and while the ad-
vaneement of the tributary country
to Durango is bound to help this city,
yet the outside districts cannot fail
to appreciate the unselfish attitude of
the Exchange directors. Confidence
in the Exchange and its ability to
lead the San Juan basin on its march
to development and prosperity must
be shown substantially with moral
and financial assistance. If this is
true, then act, fellow citizens.