Show I J LiEWILLBEBfflLT l 1 Official Statement on Sale of Terminal Road 5 EXTEND TO SALT LAKE W A Clark Owns OneHalf Stock Ho Is Eager to Push it Through til as Aro Other Owners General IL Manager Rule Says it Will be Built H E Huntington to Succeed His I Uncle at Head of Railroad Colorado 41 Colo-rado Midland Plans Railroad Notes Itli w I II The Tribune announced by telegram 5 from Los Angeles recently that W A Clark hail bought the Terminal road which he had been after for some time z and that the line was to be extended to Utah Subsequent information with S What had transpired before proved that It was true but If further proofS proof-S were needed General Manager Ii1 K Rule comes out In an official confirmation confirma-tion of It In the San Francisco Chronicle L Chroni-cle which is the newsiest reading railroad S rail-road circles will have for a long time The line Is to be built through to Salt I Lake without a connection with the i z Rio Grande Western Oregon Short Line Utah Pacific Santa Fe or Si Southern Pacific Not only this is ofll c dally announced but the Terminal people will be here shortly to look into the local situation Mr Rule Is quoted lz in the Chronicle as follows We are certainly going to build the Salt Lake line We have abundant L capital for the purpose and will not t be put to the necessity of floating iCLI S bonds to pay the construction costs United States Senator W A Clark of lZL Montana has become a heavy stockholder stock-holder In the Terminal and he with iQ the other stockholders will put up all the money necessary to see the undertaking i t under-taking accomplished I may say that 121L the Los Angeles Terminal railway is tn only fulfilling the plans it has had in ab view since Its organization which have been delayed until the present time largely on account of the delay In the improvement of San Pedro harbor None of the old stockholders of the il road have parted with any of their holdings of stock Senator Clarks interest ± in-terest having been acquired by the purchase of unissued stock remaining ll in the treasury of the company The fl company Is capitalized for 53000000 II Of tills amount Senator Clark owns onehalf S Surveyors are at work today surveying sur-veying a line for the proposed line TT eastward from Los Angeles Our first b objective point is San Bernardino a distance of sixty miles From there tho road will be built to Salt Lake II City We shall not build to any western west-ern extension of the Union Pacific or Rio Grande Western We shall not r r stop until we have reached Salt Lake Lh City where we can connect with all transcontinental lines having terminal there We want the business of all lines that are In Salt Lake or will ever get there among which latter Is the Burlington Work on the surreys which are In charge of Henry Haw good for many years with the engineering engin-eering department of the South rn Pacific Pa-cific will be pushed with all possible i S speed and the actual construction a work will begin within three months I It has been hinted says the Chronicle Chroni-cle that the announcement of the LosS Los-S Augeles Terminal railways construc tion plans is Intended to scare the A Southern Pacific and Santa Fe Into I making a bid for the little local line In southern California which has fifty two miles of track between Los Angeles ii An-geles and San Pedro Los Angeles and Altadena and Los Angeles and Glen dale This is Indignantly denied however tit how-ever by General Manager Rule He iiI says that Senator Clark who has ex tensive interests both in Utah and southern California Is convinced that l tho proposition to build the Salt Lake road is an alluring one and is willing I to see It through while the other f tock iI holders among whom are Senator El kins of West Virginia R C Kerens George B Leighton George E Leigh I ton S A Bemls John T Davis and BF Hobart all wealthy residents of v St Louis are similarly inclined |