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Show dOEs to mmm Control or Moffut Houil Is Taken Over H) Denver CupltnllMt. DKNVP.It. Colo, Hept. 31 Control of tho Moffat road has passed to n syndicate r Denver men, htsuleil b I-uwrenre C Phlpps, nnd will te com-pleted com-pleted liy them to Hult Ijtke fit) Newman Krb, who was the principal princi-pal figure In thu reorganisation of the roud two )eurs ugo, bus been forced to rellnquljli his stock at u imflt. Members or tho loeal s ml loo to are. besides Phlpiw. Henn M Purler, Ocr-nld Ocr-nld HilKluvs and Charles llnettstihrr The Interest of these men In tho road, nnd tho end of Krh's connection with It. beeoino publlo today, when the voting vo-ting trust under which the stock hits been held was dissolved. The lint Is now controlled extlu-slvcly extlu-slvcly h) Denver capital nnd work on tho completion of tho road will h vigorously vig-orously pressed. When tho Krb Interests reorganlied the propert) nnd changed the name from the Denver, Northwestern and Puclflo railroad to the Denver and Bait Luke, tho property was Incum-bered Incum-bered by a first mortgage of $16,000 . 000. This mortgage, whloh lar Interest In-terest nt B per cent, secures u Imnd Issuu for tho same amount, whlih Is due May 1, 1943, Tho burden of discharging this ob-ligation ob-ligation which was awumed b) I!rb will now fall upon the shoulders of the local syndicate. |