Salt Lake Herald-Republican | 1919-03-23 | Page 24 | R.R. Refuses to Sell under Canada's Offer

Rl R. R R. R REFUSES TO SEl SELL UNDER CANADAS CANADA'S OFFER L. L London ondon via Montreal March farch 22 At tho meeting of or the tho r shareholders of ot the thc Grand Gran Trunk railway yesterday nt at which it was decided 1 not to accept tho the Canadian governments government's offer for the purchase of or the road l Alfred V. 11 Smither Smith Smith- er ero chairman of or the board of directors declared the road was anxious for a friend friendly settlement But he added unless the government go Is prepared prepare 1 to Increase its offer such friendly settlement settlement settle settle- ment Is impossible Mr Smithers said the company compan had offered to sell the th- road on an average a of ot the last ten years years' earnings Tho The government go he contended 1 wa was Waa making malting It a condition of or relieving tho the Grand Gran Trunk of the liability of or the Grand Gran Trunk Pacific that It sell the parent road at a disastrous loss to second and third preference and ordinary share share- holders During the tho explanation of oC the governments government's governments government's gov gov- terms there v were ere cries of ot Confiscation Shame Shamel and Scandalous lous loua louel I