Show UTAH GENTRAL CENTRAL BOUGHT f 1 1 irio grande western gets the park city line if 4 I 1 it AID GOOD BONUS FOR IT 14 t 71 0 change la in the utah rall rail ond SitU situation atio n made public berday doal will prevent the ja building of the provo canyon line amount raid paid not net stated tout but a guess gleas is mado M me ci gregor regor resigns ills bis position wi with th the a rond I 1 k athe he utah central his been purchased ht he rio grande western Wen tern re receiver cc iver 11 ie manager james mc gregor the first named road ties liaa resigned jt resignation to take effect at the he ore of the courts and bondholders bond holders uch such in brief were the sensational de dc yesterday yeo in local railroad rles es it il Is one of the tb most moil Impo nant wea 8 yet made by a a utah road and any changes to follow in its ita wake make the deul one of stilt still greater artance completely overshadowing pale ate gateway sensation DETAILS OF THE PURCHASE hen the utah central waa men sold on lay 5 8 ath th the new york representative 8 jut met by fill an opposition bidder I 1 in ci person ot of frank cleree the tribur aa the onty only paper to at al tile the k nc abat tilt rio grande western and 1 loca 41 syndicate were mere behind me nm the plan bring being to secure the AI d ur or roads roada at tile the upset price i the now new yorkers did not un on mand the plans plan and bill bid up the he pi to 11 I bad ill the e road been bought as planned have been operated as a local palate company with a close traffic merit m alth till the rio grando grande west ailsey 11 the the tribune has frequent shown shama hal at the tile itlo grande western much ferrod to buy tho the cenizal rathar rath r an to build an independent line to t tn in competition at park cuy city the alwi pacific and the utah contra central I 1 I 1 PAID A BIG BONUS was clear at the sale that the ahrn sm wanted the narrow gauge it illiade sidle certain now that jt it hax has ae ac and paid a bonus I 1 ob b boul 1 I hot hoi dent erg abife the price p pad AA 4 ap lo 10 at S that tile the bonus amounted to no offic official tal figures art given out but a fair guess as aa to the amount paid by the rio hlo grande western for the utah central lla its fram bises anti and appun te minces I 1 places the figures at Re revolver velver and general manager james Bj cGregor has ha tent ment hid big resignation to mr alf whitridge attorney tor for the bond holders in new york jie will continue to man maneiro age the property until ilia his resignation 1 Is accepted and he la Is rell relieved eved by tho the courts alch abich have jurisdiction in tho the matter until the title to tile property is in settled on tin tile bond bondholder holders a and the property turned over to them v hen it will mill immediately change hands again to 16 be to the lilo grande western VALUABLE acquisition by its latest acquisition the rio grande western secures a very alua hie blo property the rood road operated by itself f na ilas not a paying pacing lisl investment estment but under tp strong arin ot of tho the lu izirer ger read lillne lights of 0 wayn may and city frache icily baronn trebly valuable the utah central controls tied butte and parleys lanyonn can yonn YOno hav JOT joe tells to 10 each of them the amt numal med being the one through which illch t tho I 1 m ana caf I 1 it line lin runs to park city it hus city franchis dour clear around t aliu e 1 lly ty sae ae in the north able llo a franchise a afroim the hie port fort douglas military reservation half a block black of depot grounds on wain maln and 1191 th south S house and ad T 1 shops and yards yarda at ward n i i rd it has haa a franchise to the hie 1 lake an and d a b bathing thing beach which could coul a he be developed it if warrant warranted ed tuch a move it has haa sixty four till nilles al cven beven i and cars cam the equipment haloff beun put lit in excell tilt nl taape lit in the last year of air mcgraff management the western in crema creasap p its ita length to WIT miles anti and it has as its ita own road read into one of at tile the most moat ja ia moil silver filver canias in the world in the absence of general superintendent welby no information boum bv be gleaned as aa to tile future of tile the exton n 8 ton of the western from provo prove it li ill argued however that time lime will N lit soc HW the extension built fur for the pu rUfu of sl MU curling pi oo canyon and to make a route from tile the p plenum 0 uuie ailcy to heba r a conn connection action with fill the utah central branch and alwo also a line to the lesem a at t tons ion B HISTORY OF TIIE THE CENTRAL john AV young a son on of belsham Y ouner has bat been known as the railroad builder of utah lie he was waa connected with till all the early rall railroad road enterprises with hill father and later he took look to bu tiding roads of hl ahli own on ile he built the 06 utah northern Nor and other oilier branches now it a part cf f the oregon short linel it was about the summer hummer ot of 1883 that lie fie a barted ilia hit salt lajas fort fori douglas a ear car later list hu incorporated tile tho halt latke eastern tha to ann loads making up tip the present utah central it as named utah central after th the corporation of the some same name tile OR og flo dra frisco line had been engulfed ensul fed by the union pacific one of at thu the most noted backers of john aa V loung loune in hla his utah central road read iboa as richardson the ce cc centric new york millionaire who has hai lecent decently enily ly tiled and of whose life ito the ihu beacom have been lined mith anecdotes YOUNGS ORIGINAL PLAN jet john W young lit in his hi original plan destined deaton deat tn ed the rood road to lun ion from the great salt saat lake on the west through salt rait lake park city and the elie to colorado Colo raulo there to cc w N lit hh same trunk line TIT the 0 1 road ond waa built al alx lx x miles beyond r paik a 1 city chy and there stopped 1 ihfe I he palt fal t lake fort douglas waa as built to atud d butto butte canyon to the red stone sione quarries and a blanch was wag run 0 to o Wag eners at tile the mouth of at emi canyon the road read at this point cutting through U lio Is hill on which M aich tho the pioneers llant kew tile tho valley nalley j james amed wor bec becaro aniss general in august 27 IS slid and am a appointed it a reesA vW 1 with ith claren clarence ce ciry cary I 1 november 27 this isitt and has mine brn the active manager of tile railroad ralli omi lie he haa bas so BD managed cd tho the iron arty that 1 I 1 anny man debts were paid and r the file line itself was en its put pui tn in first chaat c is time condition is ill allf e a very good freight and ser ger wab we s forked up the road fond ivaa v as under foreclosure on may ajay 8 VW antl and tile the puo mora on aie it iho he an who it havo sold hold this the property to the rio grande grandc 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