Show BACK ITROai KEW YORK Receive Jrtmcn McGregor of the I Utah Conical Reins Again Receive James McGregor of the Utah Central returned yesterday from New York where he has been endeavoring endeav-oring to secure funds with which to payoff pay-off the receivers certificates Receiver Carey went to London for the same purpose but failed and as yet the money has not been raised although Mr McGregor has strong hopes that Mr Carey will secure sufficient money to pay off the defaulted interest and tide over affairs until the bondholders get together Asked as to whether under the terms of the certificates the holders could on default proceed to sell the road Mr McGregor stated that he had not consulted his attorneys on that point but he was inclined to think that it could not be done The local holders of the securities propose to obtain a settlement without delay or Institute proceedings for the sale of the road Hot Springs Ittmil Tomorrow afternoon General Manager Mana-ger Bamberger of the Great Salt Lke l Hot Springs railroad will go over the road following the surveys of the engineers for the extension and make n1a offers for right of way I is proposed to make 2 fair offer in each case and in case of nonacceptance condemnation condemna-tion proceedings will be at once instituted insti-tuted as it Is hoped to commence work on the extension within ten days |