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Show $20,000,000 CAPITAL FOR ROADS IW SPOKANE Big Merger of Power and Electric Elec-tric Plants Completed hy Jay P. Graves. SPOKANE. Wash.. March 2.-A New York special says Jay P. Graves of Spokane Spo-kane said today thnt he had completed com-pleted the financial nrrangemcnts for Ms 120.000.000 corporation to build electric roads and develop water power in and afuMntt' Spokane. Under tho name of the Inland Empire Railway company a merger has been effected ef-fected of tho Coeur d'Alene and Spokane Spo-kane Railway company, tho Spokane Traction company, tho Spokane Terminal company and the Spokane & Inland Railway company. The merged companies will have about M) miles of road Mr. Graves said that a majority of the stockholders in the merged companies have ugred to the merger. Shareholders and others Interested In the Granby Copper company will be Identified with the new company, behind which are Now York and Boston capitalists |