Show Will CONFER NEW BOND ISSUE Directors of Utah Light Railway RailwayS S Company and Bondholders U ers to Meet it et 1 RING K KEFF EFF TO GET l o S FORI A blanket bond issue for tor jg is isnow now proposed as a solution of the finan financial cial problem of the Utah Rail RaU Railway way company If negotiations now Un Under Jer der way for the sale of these bonds are not successful the entire question will willbe be taken up at a meeting in about two weeks in Salt Lake City of directors of the company and representatives of the present bondholders The plan is to issue bonds in the sum of to take up the old bonds of the various companies represented In the organization and issue also l in bonds to p pay y for improve improvements Improvements ments principally on the street ca cas lines W J Curtis a New York attorney who was to co come e to thIs citY asa as a rep representative of the bondholders to in investigate investigate the matter of has wired to Judge Le La Grand counsel for the company compau that he can cannot cannot not come at present At present negotiations are on for tor the tha sale of the for tor out of the new blanket bond issue Af After ter this to 19 disposed of the plan is that thai the bonds held by the old creditors will be exchanged for the new securities ties An offer to give a certain amount of stock with the new bonds was with withdrawn withdrawn drawn last week and the bonds will willbe be sold without a bonus JUdge Young Youna said At the forthcoming meeting of the directors of the company It If tile ilie bond boud have bave been disposed d of new wilt will willbe be discus discussed d Attorney Curtis 9 of Nev Neu York and a number of the ne New Toni holders of stock and bonds are expected to be pr present sent Mr Young said he be fell teU that there would uld be no difficulty indis indisposing In dis posing poing of the bond issue |