Salt Lake Telegram | 1902-07-31 | Page 2 | Admits Its Purchase

ADMITS ADMITS ITS lIS PURCHASE j Sale of C. C E. E I. I to o orisen f Frisco risen Road Confirmed c t by President Yoakum oa um NEW YORK July 31 President President Yoakum of or the SL t. t Louis San Francisco Francsco Fran Fran- cisco railroad h ha confirmed to hl his In Intimate intimate In- In friends the purchase by his line of ot the Chicago Eastern Illinois When President Yoakum was wal seen at atthe atthe the tho Waldorf aldor he refused to discuss the terms of or tho the purchase and would neither neither neither nei nei- ther confirm nor deny a report that the Illinois Central had practically concluded concluded con con- d arrangements for fol tho the acquisition acquisition tion or lease of his system I am not r ready ady to talk yet yet et he said When questioned as to the reasons of or the acquisition of the Chicago Eastern Illinois when his road la is several sev sev- eral hundred miles mlles away from an any point of at connection he laughed and said l Strange things happen dont don't they In well Informed banking circles the intimation was quietly given that the Illinois Central either will become the tho owner of or the Frisco as a result rosult of or the thc present deal or will le lease 8 the thc property property prop prop- erty as a n. counter move mo against the aggression ag as- aggression of or other Interests interest