Salt Lake Telegram | 1915-11-12 | Page 13 | Railroad Promoters Want Lots of Money

RAILROAD PROMOTERS PROMOTERS' 1 LOTS OF MONEY MOMEY WANT AMT Alleging breach of c contract W W. E. E Hammer and W. W C. C Alexander have filed tIled suit in the district court against John MacGinnis l and Thaddeus Lane for damages The Tho suit is the outcome of an agreement entered into between the plaintiffs and the defendants whereby the defendants it Is contended were to finance the construction of an interurban road between Salt Lake and Provo in competition With the Orem line The instrument IE sets S out that the plaintiffs were to make a survey secure right of ot way franchises and promote the ro road load d until it was com com- For the t labors they were t to be compensated at the rate of per per month and nd receive 40 per cent of I the the- capital st stock ck of the company 0 According to the plaintiffs they did Ithe ithe work stipulated as their share In Inthe inthe inthe the agreement as tar far fars as they could but that the defendants failed to the necessary finances They assert that if It the road had been completed in conformity with the agreement that th their lr Interests would have ave been