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Show K1LWM 'GOMMNY KII Fifty Millions Said to Be Ready to Put Into Gigantic Traction Enter prise; Attorney At-torney Young of Company Denies That Negotiations Are Pending. "Representatives of Eastern capital lave been in Salt Lake for the purpose pur-pose of taking stock of the physical equipment of the Utah light and llailway company and reporting upon the same to their principals. "While here they also closely inspected in-spected the extent of the field to which new lines might be advantageously extended. . - "While I was not let into the full plana of these experts and their principals, prin-cipals, I was in a position to learn' that if their report is favorable Eastern East-ern capitalists stand prepared to buy the plant of the Utah Light and Ball-way Ball-way company and expend up to $50,-000,000 $50,-000,000 in bringing the service up to . the highest standard . of perfection, giving Salt Lake and ' suburbs . as . splendid a service as any city in the country boasts at the present time.' : The above Is substantially the remark made by a prominent Salt Lake business busi-ness man who is known to have been in a position to have, inside facts Jn case such a move were made. . , 'thorough. Examination. ' . v ; ; , This gentleman.- continued that . the v.- .. experts had been In the city for some time, that they had examined the road ' with, the utmost care, had "looked into the terms of v the bond issue and. into every asset of the company with the utmost circumspection. " . .-"What .-"What was the nature of their determination deter-mination and how will these railway experts report?" was asked. Made Ho Confidences.' "That I cannot say. They did not take me into their confidence any more than they were compelled to. But they were here all right, and they have gone back to New York with the material for a report. Further than this and the fact. that their principals have mil- . Hons to spend in bettering the service, I am not at liberty to say." ... "When did these , gentlemen finish ' their investigation?" Have Made Their Report. "That I will not say, but it Is finished and the report will soon be In th , gentlemen will do I have no right to predict." But from the manner of The Tele-gram's Tele-gram's Informant It looks as though . Salt Lake's chances for a fine street car service were very good. Judge Le Grand Young, general attorney at-torney for the Utah Light and Railway company, was asked If he knew anything any-thing of the above outlined report. ... Denial by Judge Young. "Not a word. So far as I know there Is not a word of truth to the report. To my knowledge no one has been here to examine the road or the bonds. If any one has been here I know nothing of it. 'I have, however, been expecting Mr. Curtis of the law office of Sullivan . & Cromwell for some time; In fact T have been urging him to come out. but It seems he has been unable to And' tlm up to the present. "Only last night I received a telegram from him In reply to my urgent request, re-quest, saying that he did not know how soon he could get away. That Is all I can say In the matter." |