The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-09-16
ELECTRIC RAILWAY SYSTEM FOR COEUR
D'ALENE DISTRICT IS NOT ABANDONED
ASSURANCE GIVEN REPRESENTATIVES Or FRENCH CAPITAL
lsTs-coNFRMED REPRESENTATIVE WHO
GIVES FURTHER INTERESTING DETAILS.

city of Occur d Alene is not an aDan-
doned project. The enterprise haC
been successfully financed and there is
no doubt that it would have been well
along toward completion now had il
not been for the European war. French
capitalists had sent their engineer
here to report on proposed road and
he had made favorable report. This
was in July of last year, just before
hostilities broke out among the, war
ring nations of Europe. This of course
stopped further proceedings, and in the
absence of information on the subject,
it was assumed that the enterprise
had been abandoned so far as French
capital was concerned. An editorial in
a recent issue of this paper called at
tention to the situation as it was then
understood in the hope that other
capitalists might be induced to give
this rich and populous district the
electric service it so badly needs. The
comments of The Miner at once drew
out the following letter from Fl. A.
Glasmacher, of New York, a gentle
man who is widely known in the west
as the representative of large capital
in mining and industrial investments.
His letter which follows contains in
formation that will be highly gratify-
ing to the people of this district:
Project Still Alive.
New York September s. 1915
Editor Miner, Wallace, Idaho:
Dear Sir-I have read with much
interest your editorial, "Why Not an
Electrical System" in your issue of
September 2, 1915.
Your statement as to the effect OF
the European war on the situation Is
obviously correct. Nevertheless, l wish
to assure you that the project is still
very much alive.
As the American representative OF
the financial group in Paris, and who /
was responsible for their accepting the
task of financing this project, and also
of the visit last July of their engineer |
Count Alfonso, I may say that / am in |
receipt Of letters from our Paris office
written last month and assuring me |
definitely that they will be in position
to proceed with the construction of the |
railroad within a reasonable time af-
ter peace shall have been restored y
Europe.
For your information | will say /
that Count Alfonso, prior to this. visit
to Wallace, was in charge of large
railroad projects for the same group
in Algeria and French Guiana. And
further that the two French directors
elected to the board to represent the
bond purchasers are at the battle front I
and that one of these gentlemen is a
retired manager of the branch system
Of the Bank of France, and that the
other had served until a short time
ago, for eight years in the house of i
in France. II
AS this information is already in
the hands of those directly interested L
in this railroad, trust that it will be la
If interest to the readers of your es-
.eemed article referred to,
Yours faithfully,
H. A. GLASMACHER. I
The letter from Mr.. Glasmacher was
shown to Herman j. Rossi, of this city
who has been actively identified with
he proposed electric system and he i
n. He cfaf. 10
ID that the capital that had been Sc
cured for the construction of the road
vas from a source that will not be af-
ected by the outcome of the war, and
will be available the moment the war u
,loses and the men mentioned in the 10
etter, who are to handle it, are free tc 1
rive their attention to peaceful pur-
uits. The Spokane, Wallace In II
erstate Railway company, which Is
he corporate name of the organiza-
ion, has already spent good many '
dollars in making surveys,
rights of way and in the pre- N
Iaration of bonds to be issued in ex- d
hange for the cash to be used in the y
construction of the road All of the a
preliminary steps have been taken and
dr. Rossi expresses the greatest con-
dence that actual construction will N
e under way soon after the conclu- o.
ion of peace, which of course may be CT
within a few months, or it may cover t.
period of years. h
Coeur d'Alene People Interested. s
While the bulk of the capital to build W
nd equip the proposed electric sys- =
em will come from France, local peo- g
lie are also heavily interested in the II
nterprise and have already expended W
robably $4,000 in advancing the pro- les
act to the present stage. The plan is Ial
, extend the line from Occur d'Alene j.
D this city. with branches extending N
, Mullan, Burke and possibly up Nine III
file. 1t Is a most important enter B
rise, one that will no doubt return kt