1872 August 3 Letter to Horace F. Clark

Title

1872 August 3 Letter to Horace F. Clark

Description

Clark is urged to expedite delayed iron for the Utah Southern Railroad, secure an engine, and address stock transfers. Reduced freight rates should keep bullion and ore from shipping west.

Type

Correspondence

Sender

John Sharp

Recipient

Horace F. Clark

Date

1872 August 3

Location

New York, New York
Salt Lake City, Utah

Number of Pages

2

Subject

Railroad
Financial

Salt Lake City, U.T.
August 3, 1872.

Horace F. Clark, Esqr.
Prest. U.P.R.R.
N.Y. City.

Dear Sir; I regret exceedingly to have to inform you that the iron purchased for the Utah Southern Railroad when I was in New York last spring is arriving very slowly, and the delay causes great inconvenience.

The American Fork Railroad Co. has a large amount of materials constantly arriving, but we cannot ship it to them until our iron is received. Four or Five Hundred tons that we purchased last fall, after being frozen up on the lakes through the winter, was entirely used by your Company at Omaha, and must be replaced in order to carry us to American Fork, to connect with that road, and to meet the requirements of a rapidly opening trade. The amount of business being developed in the southern part of the Territory demands the immediate extension of our road to Provo -- the second largest city in Utah -- fifteen miles south from American Fork. For this purpose we wish that you would secure this fifteen miles of iron in time, and avoid the lamentable detention we have suffered ever since last fall.

We have heard nothing further with regard to the Engine you were negotiating for while I was in New York, and we have been under the necessity of hiring one from Mr. Si which is, unfortunately, in bad order, and has caused us much trouble. We would like to have that engine as early as possible.

I telegraphed you on the 31st ult. that a dividend of 3% of U.C. Stock was due Augt. 1. and will be paid as you shall advice.

Those Certificates of Stock have not yet been received for transfer on the U.C. Cos books. This should be attended to.

I have ascertained that the only reason why bullion and ore have been shipped west, was your high rates. I learned, however, that they are now reduced, and this will doubtless prevent much of it being shipped that way.

Earnestly awaiting your attention to these matters, which we trust will be at an early day. I have the honor to subscribe myself Yours truly,

John Sharp