Show APPROVE STOCK SALE J The Colorado Midland Voting Trustees Recommend Plan A WANT OFFER ACCEPTED With This Important Announcement from New York the Rio Grnnclo Western Held Meeting in Salt Lake Yesterday and Increased Capital Stock by 50000 Shares or 85000 000 This a Feature of its Acquisition Acquisi-tion of Midland Which is Now Assured As-sured Union Station Franchise The majority of the voting trustees of the Colorado Midland recommend tho acceptance of the offer to purchase tho stock In Salt Lake City yesterday yester-day the Rio Grande Western held a special stockholders meeting and Increased pecal Sloclho1c ls mclnt creased its capital stock by 60000 shares 0000000 Tho two announcements announce-ments will be read with deep Interest by railroad men for each has the greatest significance as to the pending Colorado Midland deal Tho offer to purchase the Midlands I stuck was made In the Interests of the Colorado Southern and Rio Grande l I Western The additional capital stock I of the latter company will bo used for I the purpose of acquiring the Midlands stock so It can safely be said that the mammoth railroad deal has been practically prac-tically consummated J In making the announcement in New York the Colorado Midland financiers nay In a circular Tho voting trustees announce that they huo received from responsible perG > san s-an offer lO buy I tw stacie represented by voting trust certificates oulstnndlnff on July 1 1900 at 30 share for 190 per thnrl or preferred tock nnd 1250 pef I share common slock Tnder tho term of the voting trust agreement the voting trustees arc em powered to veil such stock upon written consent of tim majority In Interest of Mock trust certificates outstanding at tho tlmo of such sale The trustees recommend recom-mend the acceptance of the offer Transfer Trans-fer books will bo closed from Slay ISth to Juno 18th Voters are requested to send written approval of snle to tho Central Trust company New York I means that on July 2nd the Colorado Colo-rado Midland will pass Into the control of the Rio Grande Western and Colorado Colo-rado Southern and the line will be operated Jointly by them on the lines i already detailed and a great change will take place In 1 the transcontinental route through Salt Lake Tho Colorado Midland will at I Idlanl w1 once ho physically strengthened and Improved Im-proved through trains put on new officers elected and other changes made but It will be to a large extent an Independent system although operated op-erated In the Interest of the two other roads Union Station Franchise According to the terms of the union station franchise the grantees have until un-til tonight at midnight In which to accept ac-cept It As both roads have annonnced I their intention of accepting It within the time specified the notice will be sont the city ofilct > r today This gives tie grantees until August 1st In which to commence work and two years to have It completed The Rio Grande Western having fully agreed to Its provisions the matter mat-ter l was passed up to tho Short Line yesterday for final action I had been oft to Messrs Burt and Bancroftbut those officials being out oC town the proper officials will net Marshall and Hempstead Out San Francisco April OThe recent ly elected directors of tho Central Pacific Pa-cific Railroad company of Utah the successor In Interest of the CentralPa cific Railroad company of California have elected the following officers for I the ensuing year President Isaac L Requa secretary J L Wlllcutt treasurer N T Smith I was announced that an additional loG7000 of 3 ½ per cent mortgage morlSngc bonds or a total of 52503000 of tho 525000000 Issue had been canceled from the proceeds of tho Central Pacific sinking fund Union Pacific Improvements Cheyenne Wyo April 28 McArthur Brothers the Chicago contractors who have secured I large share of the Sherman I Sher-man hill work are here today making arrangements to commence operation The MeArthurs will construct the cut Ion I-on from Ruford to and Including n portion of the tunnel on top of Sherman Sher-man hill They say the Sherman hill contract Is the largest railroad contract con-tract over lot In proportion to the mileage mile-age The firm has ordered several car loads oC tho latest drilling and excavat Ing machinery from Chicago They will commence work at once on the Buford end The Union Pacific has let another large contract for Improvements on its main lIne between Cheyenne nnd Og den A week ago tho contract was let to Owen Brothers of Norfolk Neb to construct about seventyfive miles uC grade for sidetracks between Cheyenne and Omaha Today a contract for li > 0 000 worth of work was awarded thin llrm the same to consist Qt additional sidetracks between Cheyenne andOg tnc an10S den The firm will sublet portions of I the work which will bo rushed to completion com-pletion with all possible speed Upward of three miles of the grade for the additional track from Cheyenne Chey-enne to Boric nine mUts west has I been construed and Is already for the cteel The entire line will be ready for traffic before July 1st r 5 Charter of StillveHs Bead Topeka Jan April OA Kansas charter was granted hero tonight to the Kansas City Mexico Orient Railway company of which A U Still well of Kansas City Is the promoter This is the line Mr Stlllwell proposes building In connection with lines already al-ready under construction In Mexico from Kansas City to the Gulf of California fornia the Pacific terminus to bo To 525000000 polov > ampo The authorized capital Is Railroad Notes General Superintendent Wclby goes south tomorrow Traffic Manager Babcock will be home on Thursday President But VIcePresident Ban croft and party left for Boise yesterday yester-day morning I The Union Pacific has also announced I an-nounced the restoration of fccdin I transit rates I The pool of transPacific steamships Is being formed In San Francisco at a mooting of the rallroaI 1 magnates I C II Ketchum today succeeds Ray mpnd Du Puy as superintendent of the Morris Essex division on the Lacka wanna General Passenger Agent Helnts has received a transparent glass picture colored In oils of the Canyon of the Grand It is f work of trt and Is I to be hung In the San Francisco ole |