Show S S S S NUNN SEGUES BONDS t Will be President of Salt Lake Mercur NO CHANGE IN MANAGEMENT In Refunding the Debt of tho Road General Manager Secures a Loan from L L Nunn who Takes iBonds as Security the Amount Being Larger than that Held by Any One Person Details of the Transaction Oregon Short Line Earnings for November Railroad ijotes I 4 I S I I Through negotiations now being conducted con-ducted by General Manager J G Jacobs Ja-cobs of the Salt Lake Mercur a large llnancial Interest in that road will be secured by L L Nunn of Telluride Colo Mr Nunn will become one of the live directors of the company and at the next meeting of the board he will be elected president When It was first noised abroad yesterday that the Telluride I Tellu-ride man had become Interested In the I Utah road it was generally supposed I S that he had bought out the Salt Lake owners but this is not the case as was explained by General Manager Jacobs I last evening who states that in refunding re-funding eenlng debt oftheSalt Lake 8 I Mercur he has secured a loan from L I a S L Nunn who lakes bonds as security O and as the amount pf the bonds Is larger than that held by any onc person per-son Mr Nunn will become director and subsequently elected president There will be no change at all In the management of the road added Mr 5 Jacobs the line will be operated the I 5 name as at present While the negotiations negotia-tions have not been finally ratified the arrangements arc practically completed and agreed upon S The present board of directors I consists con-sists of R II Airls president and treasurer treas-urer John Dern vicepresident 1 W Brown II G McMillan and J G Jacobs S Ja-cobs The secretary Is I J J Stewart but ho h not a director Which one of I the five directors ulll go out is not decided de-cided upon but it is likely that in the reorganization the ufllcers will be L z L Nunn president J r Jacobs vice president and general manager E IT Airls treasurer and J J J Stewart sec rotnry S Mr Nunn is also the originator nf the Tellurlde Power company operating the electric plant in Provo canyon The fart that ho has again flnanciallyinior ostod himself In a Utah enterprise speaks w o 1 for his belief In the future t of the State Tho Morcur road has been making a IT fiojiderful showing for the last year In general nporallons and the future of Morcur district points to a largely Increased In-creased tonnage Nothing has been said tonnnJ of further extensions but there are several sev-eral s > urs vhlch might hp built t with i givod i results to lht company and It is highly probable that following the rc otganlzatlon something may bo dOle to vvurd expanding thc line The Oregon Short Line It S friendly rnnnoollnc line and through t ho In 11 I or tho t Morcur road I I has a through tralllc alliance I |