Show SALE IS GONFIBMED II I I I I UtahColorado Syndicate Gets I Midland I j i I OPERATED AS SEPARATE LINE i I I Rio Grande Western Construction Company and Colorado Southern l tho PurchasersSignificance of tho l Deal Huntington Snys Carson I 1 Colorado will Form Part of a Utah Line and the Best to Los Angeles Interstate Commerce Commission Hears Complaint of Shippers 1 j At last definite news has been received re-ceived of the Colorado Midland sale and the Rio Grande Western is in the deal The Denver Times of Monday says j sayaThe The negotiations that have been goIng go-Ing on between the Colorado Southern South-ern and tho owners of the Colorado Midland for the last two years have come to a close and the entire stock I of the Midland has been purchased by I persons Interested In the Rio Grande I Western and the Colorado Southern I Word was received from New York today that the negotiations closed the I last of the week and the purchasers I are the Rio Grande Western Construction Construc-tion company and the bankers holding j the securities of the Colorado Southern South-ern I President Rlstlne sent a message to the city today announcing that the transaction had not resulted In a consolidation con-solidation of the lines but that the Colorado Midland would bo operated I I separately and be an Independent organization or-ganization thus avoiding a constitu I i I tional provision Mr Rlstlne left New York on Friday and Mr Trumbull now In Chicago en I i route to the city and will arrive on Wednesday morning I No particulars have been learned about the Cripple Creek cut but It is understood that Mr Trumbull comes to Colorado with authority to proceed I with the construction that is the Colorado Colo-rado Southern will have charge of it hut a separate organization will undoubtedly un-doubtedly be organized and separate bonds fie Issued to cover the expense of tho construction I In addition to this It will probably necessitate the enlargement of the shops especially the roundhouse and I lie car shop that the Southern Is Just i beginning on Seventh stieet The shops I at Colorado City are too small to be of I much use and will be used for repair I I work on tho Manltou division > It is suggested that the purchasers of the stock have made arrangements with the Burlington company for through car service between Chicago and Ogden via the new connection I The Rio Grande Western Construction I company is the power behind the throne I of the Utah system It is headed by President Palmer and supplied the funds to build the road A short time ago this company ceased to be actively engaged the work for which It was Incorporated but its organization has been kept I Intact and the company Is hacked by some very strong men In Wall street I Some time ago The Tribune gave details de-tails of the advantages of such a move to both the Western and the Colorado Southern and it was also shown on Sunday that In such a deal lay the real secret of the stock advance Two other little straws may add to the significance of present plans radio Manager Babcock and General Passenger Passen-ger Agent Hclntx have been suddenly called to Denver and at the meeting of freight agents her yesterday the only outside man present wa General Freight Agent Johnson of the Colorado Southern He may have come here In anticipation of a participation In Utah Colorado traffic by his line |