Salt Lake Telegram | 1905-05-02 | Page 1 | Clark Empowered by Salt Lake Railway to Give $30,000,000 Note

CLARK EMPOWERED BY SALT LAKE RAILWAY TO . GIVE $30,000,000 NOTE. LOS ANGELES, May 2. Senator . -Clark, president of the Salt Lake railway, rail-way, was today empowered to give the company's note for more than $30,000.-000 $30,000.-000 and replace the many short-tirre loans made by the company, which wi'I enable the company to hold Its bonds out of the market for that period, or longer. This coincides with the assertion made by Senator Clark that arrangements had been made by which the sale of the company's bonds, amounting to $4n,-000,000. $4n,-000,000. could be deferred until the line had shown its earning capacity, when they could be disposed of at a higher price than at present.