Show IMPROVE THE WESTERN 1 Directors Advise Ililondolar Bon Issue + EXTENSION OFPV BRANCH + AND CONSTRUCTION OF PROVO LINE UGENY REQUESTED New Equipment For Mandflng Increased In-creased Tonage Union Pacific Constructing Snow Fence Ia fenger eetig Considers Rates Central Pacific Affairs + i New York March 8eorge Foster I Peabody first vie president of the Rio Grande Western Railroad corn pay today issued a circular letter to the stockholder saying that the directors di-rectors have found it necessary durIng the pst year or two to order additional I equipment tG properly handle the increased in-creased tonnage both local and through which the Improving business of the country has brought to the road Since June 30 1898 there has been ordered or-dered an additional equipment or about 20000 In value soon to be delivered and the general manager recommends that at least as much more be ob tamed He also recommends that some additional branches and extensions should be promptly constructed Those stated to be immediately important area are-a brach up the Provo river canyon and extension of the Pleasant Valley branch to additional coal mines which are being opened in that field to supply sup-ply the growing far western markets a total of twentyfve miles The circular advocates the authoriza ton of a 1000000 issue of consolidated consoli-dated 4 per cent bonds to exchange for existing branch lines mortgages to acquire Utah Central bonds to build twentyfve miles of new branches and provide for future improvements and additions The directors have already authorized an Issue of 150000 to die I charge ca trusts and undertake pending pend-ing construction and have sold them tG bankers |