| Show TWO HUNDRED MILLION ON increased capitalization of the southern pacific TAKES IN THE CENTRAL L following the plan of 0 central al pacific reorganization and its consolidation with southern pacific stock will bo be exchanged elo orande grande I 1 western advertising utah in colorado resorts and will tiling ming out big crowds old time mileage book comes to light san francisco july 27 7 at al a meeting ot of t the he s shareholders h a r e h ol 01 d e r s 0 the S southern pacific edthe in 1 I c company 0 n p a n y h held L 1 ri t today 0 iccie was an affirmative vote vole upon the proposition to increase the companas comp anys capital stock f from roin 1 so 0 O 0 w 0 t to 0 D Q D 0 A at t the r met ali tine i g 4 G 0 0 s shares h a e w were e r e represented p ra e cited more than the necessary two thirds the decision to increase tile the capital stock was approved as it was it a im paiton t of the scheme for the linand financial fal reorganization of 0 the central pacific and Us its consolidation mill the southern ra pa cinc the stockholders of 0 the central on aral pacino are am to Pur lurrender render their stock stack into the southern pacific treasury tran sury anil and they will receive an equal amount of 0 southern souther pacific pad lie share for share the central pacific stockholders will re receive eIve as 09 it a bonus for or the exchange a certain amount a 0 f southern pacific le gold bonds approximately F for r issuing the latter the southern pacific bloc in gets besides central pia paa ciale common stock two issue of 0 the latter companas comp anys cumulative dec forred stock this preferred stock li is a new labao which has been d by the formal vote of 0 the central on trat ra pa r file directors the centrals directors have leave also f tor the cx chango n 0 ot block between tile the two corporations as mentioned and havo have approved of 0 the tl at 0 new for or the central these mortgage bonds have all been pledged by the speyer dankins bankins company and are arc to be delivered to the purchasers most of 0 whom are in europe its as soon floom as tile lie securities are engraved and properly signed in new york WHAT COURTS CAN DO rehabilitation ot of railroads during receiverships Receiver ships ocean city md 1111 july 27 john K X cowen president of 0 the Dalt baltimore imore ohio addressed the session of 0 the maryland ear dar association on the subject of the B D A 0 receivership mr cowen paid that the results achieved shoed that there had been evolved a method in american jurisprudence v whereby hereby the courts can take a great property inhofe w hose administration Is full of 0 difficulty and so rehabilitate it that insubstantial justice will ill be lone dona to bondholders bond holders bloating debt creditors and stockholders that this can be done without violating any of the well de fined lights alehta of 0 any creditor an anil that it Is the duty of 0 the courts in adminis toting these local trusts to place the pr property in the position where Us ILS possible earning capacity can be shown and consequently a fair and luht just leor lear gani atlon can bo be made WHAT WHA T RS THINK great interest in story ot southern pacific plaus plans opinion Is divided tie as to results that would he be derived by the SOUt southern berl pa civics building to salt lake there Is no dissenting voice along alone railroad how that this city has long lone been an objective point of the big system and that the time la 11 now ripe for the building of 0 the road tho the only difference ot of opinion is i on oil the loute some say bay the i thirty seven allo line from would accomplish what the southern pacific Is 13 after af teran an entrance to salt lake would give it a new holi on the ibcal situation arid and give it at once n a thirty soven seven mlle mile haul on passengers anil and freight from the short line and rio grande western this la 19 in addition to any matters oi ot future connections on the other hand well posted railroaders say bay the line via the south shore would be the best for the south ein cin pacific it would cut on off the line to sacramento fifty or sixty miles and save the kelton and promontory grades erodes railroad men generally believe that the company Is preparing tor for some big move but the local representatives are maintaining the strict secrecy that characterized their first movements moNe ments BIG CROWDS COMING what aliat the western is doing for utah this season acting ac line general passenger A agent go at Ile iritz of the ilia hlo rande it has secured a dlly daily lound bound rate to salt lake and ogden from Coloia colliado do rout coin mon the rate Is 13 25 aud and tick els will be sold from august lat to ending with a 0 sp iclal excursion rate of tin 18 un on the anti and alth la 13 full 0 f bourl tourists 11 s sold said mr kleintz y iday and it Is 4 in cel tain that these thebe low ra tc 8 hlll ill bring irk in many people who alio are anxious lin to ere tho lake hike and many other oilier atti attractions actions at 0 this state tile alio itic 1110 grande it la Is extensively advertising the attractions and low rates in all colorado pi pa pre as well ns lis by moisture hangers posters and hand handbills bills icv several rat depre menta tives aie at work in the leading colorado cities and the pleasures of it a trip rip to utah tile die being thoroughly set net orth forth all of aih should biang many strangers to the city old time mileage book the oreion oregon short unc line ticket agent at butte has hud had presented for far IL 10 demp demotion dern pilon tion a rul mileage leago book of 0 the old utah northern dated july 3 asso thih was under the regime of T 1 li kimball Kl robill 1 ahe I he book held some unused coupons and these the onner oner dished to hae redeemed balioas notes note too dr pinkerton returned yesterday from a bual busi neba robs trip to tile the coast traffic manager babcock arid and general freight agent henry ic turned front from the south day the oregon short line yesterday brought up people from the sout south h end ot at tile the county they went to garneld garfield george long lang city ticket agent f for or the union fact il e Is acting in r haige of 0 the th passenger department during it 11 clay clays S im for the cryptic masons meeting at deliver Dri the ll 11 railroads will sell ell round trip tickets on august ath and ith at 20 for the round trip it la Is rumored lint it tt W J mcclelland latoof laic of tile the oregon short lint line win will become the auditor of the DOW nampa owyhee owahee at nampa august augu d t sill Is pl pi ss sa day at castilla Catt llla I 1 and th the 0 ata utah h riess naso clation will hold its ita annual lp the rio grando grande 1 western will run litls leaving salt lake at I 1 t p ro silver city at p V m a and nil be belknap I 1 knap ot at 8 a ru lank A wadleigh elgh returned from chiago chi ago yesterday and is ig at the knutsford mill ft ba acre some same days before leaving for denver tho the W worth of oc receivers cleates of tho the kansas cuy city pittsburg gulf have been sold mild to the new york reorganization committee brierre humbert jr a boston banker says mays the hie american charter for tho the road mad from PY pyramid ranald harbor to fort selkirk alaska has been secured |
