1872 August 2 Joseph Richardson

Title

1872 August 2 Joseph Richardson

Description

The Utah Northern Railroad must be bonded; Brigham pledges support if this is done and inquires about purchasing iron to haul granite for the Temple.

Type

Correspondence

Sender

Brigham Young

Recipient

Joseph Richardson

Date

1872 August 2

Location

New York, New York
Salt Lake City, Utah

Number of Pages

2

Subject

Railroad
Financial Matters
Salt Lake Temple
Building and Construction

Salt Lake City, U.T.
August 2. 1872.

Joseph Richardson Esqr.
119, Liberty St. N.Y. City.

Dear Sir: Having a deep interest in all that pertains to the welfare and development of this section of country, and realizing how much the opening up of railroad communications has to do with this, I take the liberty of frankly addressing you a few lines on that subject which I trust will meet with your careful consideration.
 
I am free to confess that the building of the Utah Northern has not received from me that encouragement which I would like to have given it, being of the opinion that the agreement made between yourself and John W. bears too heavily upon him and those associated with him. Indeed, had I been aware of the agreement between yourself and John W. before its conclusion, I would have opposed it.
 
If the road is to be pushed to completion and made a success I urge the necessity of bonding it. The bonds to be used in payment for iron, rolling stock, grading, &c. at cash rates, at 80% of par. No more bonds to be issued than will be requisite to meet the outlay. Without this is done, or some similar plan is adopted I am at a loss to understand how the road is to be completed without great injury to some of the parties.

If the aforesaid arrangement is effected I shall take pleasure in doing all in my power to forward the work. It is proper for me to remark that my son, John W. is ignorant of my writing this,

I would be pleased to hear from you at an early day, and with assurance of great respect, I remain,
 
Yours,
Brigham Young
 
P.S. We are much in need of from one half to three quarters of a mile of iron such as yours, to freight our granite rock to the Temple, our street railroad iron being too light for that purpose, and we would like to know whether you would sell us that amount and at what price.
 
B.Y.