Salt Lake Telegram | 1924-09-20 | Page 3 | Court Sale of D. & R. G. Part of Merger Plan

COURT SALE SAJE OF OP Dr D E. E G. G PART OF OP MERGER PLAN SA SAN SAN FRA FRANCISCO CISCO Sept 20 The The and sale of ot the Denver and Rio Grande Grando Western railroad by the United St States tes district t court In Denver Is merely part of a re reorganization reorganization reorganization re- re organization and reinforcing plan whereby the system will be obtained Jointly by the Missouri P Pacific railroad railroad rail raU- road company and the Western Pacific Pacific Pa Pa- railroad corporation of or NewYork New NewYork NewYork York it was announced here yesterday yesterday yester yester- day by Charles M. M Levey president of the Western Pacific railroad company com corn pany The appraisal sal and aVd auction is ili de desIgned designed designed de- de signed to relieve the tho line lino of or its present receivership and to settle differences between the Missouri 1 Pacific a large stock stock- hold holder e. e in the system and the Western West West- em ern Pacific corporation arising out of or a former reorganization of or tho the Denver and DIo Dlo Grande Granda system The Missouri Pacific had hail contended contended con con- tended that its stockholders were not properly represented in the former former formet for for- mer met refinancing and forced the negotiations negotiations negotiations ne ne- ne- ne that led to the tho court appraisal appraisal ap ap- ap- ap and declaration of yesterdays yesterday's yesterdays yesterday's yester yester- days day's upset yester