Business & Finance: Portal to Nowhere

Of the 232 miles of line operated by the Denver & Salt Lake Railway Co., six are important. These are the six miles of the famed Moffat tunnel, which pierces James Peak, 50 miles west of Denver.* It shortens the transcontinental route between Denver and Salt Lake City by about 175 miles, cuts the ruling grade from 4% to 2%. The Denver & Salt Lake has a 50-year lease (with a 49-year renewal option) on the tunnel.

Last week George H. Burr, Manhattan banker, bought for $3,000,000 a 40% interest in the Denver & Salt...

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