Show WESTERN T PACIFIC BONDS ARE TAKEN Rio Grande Provides Ten Mu MiI lions to Complete Gould I Railroad Official announcement has been made by the u e DenVer Den er Rio Grande railroad au authorities authorities that of 01 the new bond issue of the corporation has been under underwritten underwritten underwritten written and the money mone will be used to complete the unfinished section of or the Western Pacific railway ralla the tue extension of the D R B G from Salt Lake to San Francisco The Denver Demer Rio Grande will wilt take the second mortgage bonds of the Western Pacific as security for the if JC the building of or the unfinished section of the Western estern Pacific tore ioie than to complete it more of or the nu au authorized second mortgage bonds will be b issued The Western Pacific stockholders re recently recently authorized the Issuance nce of see sec second se ond mortgage bonds In the Ute sum of ot 15 25 The new bond Issue of or the Denver Rio Grande was for and most of ot it will be used to ta retire the ing lag bonds of the Rio Grande Grando companies which have hae been consolidated into the Denver Demer Rio Grande Railroad company compan of ot the stock of or the Western Pacific railway is held by b the Denver k kRIo Rio Grande So far G miles mile of the West Western st stem era ern Pacific have hac been bOen b n completed miles of which extend westward from Salt Lake and will be managed by b officials of the Rio Grande The other miles completed ed extend eastward en from San Francisco and its affairs will mil be bo managed by b the Western estern Pacific officials |