Show Burlington Seeks Connections With Western Pacific Through to Coast Several Reported Moves in Railroad Railroad Railroad Rail Rail- road Circles Indicate Plans f for r Central Centra Cross Country Country Country Coun Coun- Coun- Coun try Route Rout Through Salt Lake That the Burlington railroad system system tem tern intends to have a central line to reach the Pacific coast through a J. J connection connection connection con con- with the Western Pacific and I that Salt Lake Lako will bo on another transcontinental line is the view held in certain quarters Comes now a astory astory astory story from Denver that tho the Moffat road which is to be the connecting link in addition to further construction construction construe construe- tion from the end of that road to Desota Desota De- De sota on the Rio Grande Western Vestern is to tobe tobe tobo be bo sold under foreclosure to satisfy a mortgage held by the Bankers Bankers' Trust company of New York Tork and that a petition petition petition pe pe- pe- pe for the sale sile is to be filed in the district court of Adams county count Colerado Colorado Colorado Colo Cole rado at an early date the petition now being in the hands of William V. V Hodges of Denver nver representing the trust company The Tho My Myton ton Free Press in speaking of the coming sale or of the Moffat road says The move to bring about the sale of the Moffat road under foreclosure is taken as the final step of the Burlington Burling Burling- ton Interests to take tale over the property of which they have held a of the bonds for considerably over oyer two years ears The bonds were acquired for this purpose with a view of making the Moffat road a link in a new transcontinental transcontinental transcontinental trans trans- continental system consisting of the I New York Central the Lake Shore the Burlington the Moffat and the Western Western West West- em ern Pacific all of which are controlled by the same group of financiers extensive Improvements improvements Improve improve- For or over a a. year ear ments have been in progress all along aon the line from Denver to Craig hundreds hundreds hun hun- of u. u thousands ot of new u ties lies ues and anu ana anu of thousands ot of new ties lies ues and anu ana anu u. u u many miles of new rails having been put in position The physical condition condition condi condi- tion lion of the road is now vastly better than at any time before for the past decade deade and it has been put In shape to handle a maximum of traffic Recently Recently Recently Re Re- the road has been made to show substantial profits over operation costs but previously there had been a constant constant constant con con- stant monthly deficit Meeting this deficit and paying forthe forthe for forthe the Improvements to the track as well as the replacing of the shops at Utah Junction destroyed by fire last November November November No No- vember with a much more complete and expensive plant has been possible only through large amounts of money advanced by the Burlington on certifIcates certificates certificates of indebtedness The amount of these securities which under the order of the court take precedence over mortgages and other obligations is now believed to total a sum approximately approximately approximately as much as it is expected that the road will sell for on the auction block This condition of affairs havIng having haying hav hay ing been reached and the tho Burlington's plans for the construction of the EmpIre Empire Empire Em Em- pire tunnel and the building of the mile forty-mile cutoff to connect the Moffat Moffat fat tat road at Orestod with the Denver Rio Grande Western Vestern at Dotsero having hayIng having hav hay ing been sufficiently completed It Is believed that the proposed sale Is a It apart apart part of the Burlington program |