Show I rb S Said al dT To 0 I I lU Be In Control i. i Indications Arc Are That Moffat l t R Roan Will Vill be Re organize organized And iF t Built to Salt Lake Lak a Press dispatches from New i rk soy say that the deal whereby vh reby e Erb Erh and his associates rill ill take over O the control cotTrol c l of pf the Denver Den Northwestern tern railroad and refinance is ready rendy to be be Closed when hen minor 1 details are i adjusted The ng of the com- com any under Erh En was Was' outlined to ii the New York dispatch The r itin is the propos proposal l f MJ Nr Erb who with hisa sh- sh will control 51 31 C cent J fates te b per f the stock the thc remaining barer being h ing- ing held by p Denver n er rip al The Erb Erh interests ill l take i in Bond bonds l chich will he be expended in iti the of If t C U an and d improving ng ro v 5 n g t the h H t p prop rop- fry efy I Over cr in ion notes notes held I i the Denver leu er Railway Secure i e 11 ies tes S company compain will be e H fot for other I b d of If the new ne Company or of some other om com com- ali now paying yn i its t 1 dix fixed x cl z The Erb Erh plan calls I it r a I 1 reduction ed f from frail or J 5 per p r cent ij ti 4 1 t per cent rent on the these c notes for er o of of four ye years during road vill will inch h lh time lime the v ne raining a sound ot II hn 0 r ip and It f the close clOte of the h tine ti ne nc will bu he bua a dividends The Mlle however however howe are ppl ell L ft the e reduction i in interest tills un till un- ss s Erb Erh or 01 the Lh Denver Deliver I Cl people l guarantee th the sale ale of f Sufficient rH rods of If the ne new company Jy to ii i te e unsure the pf t v n notel ie- ie n whatever bonds the n note note- l 1 folders erB should t take l e in in ex- ex Change han ge Ji It is ia under understood tol f Den Den- r stockholders r will vill operate co-operate Erb t to bring negotiations o 0 a clr se Mr Nr Erb Erba a was pres- pres Out 1 at the m of f idle n c not holders holders' lcJ rs committee c Tuesday TUl nil ind n l explained his t pJ One lC lan is i- ito to haul hanl over o the thc Oa d and aud store lre ii it in lD Denver du dur- dur iii 1 the S summer Ilm e 1 it can call cnn Be lit IJ done lone for a profit profit The winter win winter WIn WIn- ter IH hauling haiding 1 ill costs considerably ore t i J The ThC activity i i t i in iii il fi financial nci ei cir cir- cir 1 r j I anent the tile revamping re c f fj the Moffat roads road's financial plan is ts is attracting wide wider attention u in iii the east cast as s well as nR in iii in the Hie west vest I Holland of H the e Vashi I gJ glen J j Post lost st staff ff representing representing- that paper in New York Tork City Cit in a n dispatch h received in Denver under un tin- der cler late elate of Tuesday says that if r the recent repots repot ts from m Deu- Deu er and aud from Minneapolis are are found accurately to forecast the Purposes of Newman Erh Erb then there there- will no longer l be he any fj respecting the ab ability ty o ol of l I r Mr Nr Erb to take the he place in the world World of constructive ive railway Affairs which was left vacant on on the death of Edwin Hawley Hav t that Mr Nr i It is not doubted at Erb Erb iii u his recent visit to the Hie north northwest vest perfected grange arrange ments to continue the north Horth 1 H t- t f nd south railway line licit li with I which w h. h Mr Hawley was prom prom- j identified northerly t ort erly I I from from its present terminus in ill Canadian Minnesota to th the b boundary line Furt Furthermore it i is 5 tb the he pr presumption pre pre- and acid his ins that Mr Nr Erb El-b gumption r I IV r t associates will ultimately havo havor K r V Perfected through ownership J find tru P do e l L L' L t 1 j and n and d south o th line practically p paral paralleling ral- ral the Mississippi valley with one omie t terminal on oil tl the Gulf of Mexico nr and l' l another at the thc I Canadian boundary T 1 h his i s I should be he the greatest of railroads rail mu- roads running running- parallel to the Hie longitudinal lines in the thc unit I United Unit Unit- United ed e l States f. f I I It unquestionably reflects the understanding ur of railway managers managers man man- a agers S el-S of f the opportunities for I great traffic which l will he cre cr created i ed by liv ll the opening of the Panama Pan ama canal More Nore and more store tl the impression grains gains ground g with I rail railway way managers that whatever ir er th the effect of the Panama canal may mar be hi h upon the transcontinental trans trans' transcontinental I continental lines it will greatly stimulate traffic ram on HI railroads I fl running g north and south and will will develop very very heavy local traffic That is if understood to have J 1 he Beet been u the te h wie view dew v talon 1 n by Y Edwin Hawley for two or or t three years years before his dc death certainly erh after t he lie was wt was 3 l' l ec t that the Panama I- I Pan Prin- iii ama nina canal wo would ld b be construct construct- Ot ed cd Mr Nr Erb Ert been thoroughly thor ou hl familiar with t the e purposes purposes pur pur- poses of Edwin Edi Ed i l Hawley Ha Ha Hall ll Y If Jf he heI I achieves cs all that he is thought I now to have hn in iii mind c 1 lie He should lri i tt l take e rank in a u few felt years arS with I some of the greatest ot nt the railway railway rail rail- way ay constructive forces of j the United States Pie lIe lIeVi Vi will vill I be he en entitled en I titled l to the urI unique rlue distinction of having worked worked out and comPassed compassed com com- passed passes p great longitudinal tue ll line i ot of railways bisecting bi ct the United Unit Unit- t I ed d 1 States upon opal OH P a line Bite para parallel 1 leI Pt practically with with the Mississippi valley I. I Th The cis dispatches s fr from t j Denver Denver J i hi 1 e published I which h were published j a n day or ort t two o after aftel the semi official announcement an au- nn-I nn j nou that the he so called I II Hawley lcy sy System system now no now nonder under t the H I control of Erb was was to be ex extended x- x tended to the fhe Canadian iri boundary bound honn an ary differed In iii ri SO some sonie tile respects One of r- r rth th the l reports intimated I that the Union Pacific c interests I Iw w would u ti attempt to secure the thc Denver Demer Den eJ e North western weste tc 1 ru Pacific PacH- PacH J ic is railroad commonly known known i ins as ns the Moffat road I These iri in interests V were p I f 51 l t make a hid bid for this this' prop prop- rt has hns lurking lurU nr possibilities possibilities nI 1 of grea ea value l provided provid d I it was vas w s sold under tinder the hammer r I in order to provide the fun funds s j to tal take talce e up overdue notes issued by hy this railroad com company pany Bt But Butmore t more molt detailed dispatches from Denyer c reported that the Moffat system wa was certain to p pass ss into I th thi control of Newman I Erb rb and those who were associated with him in the tile co control ol oft of the so- so called Hawley f system of r rail rail- ron roads d s. s of the The original purpose of the late luh 1 I H. H Moffat 1 I when he planned this r railroad is understood understood understood under under- stood to have been the con construction con of a line which would bring Salt Lake City rind nd Dener Den Deu- Denyer Deuer b miles s than yer er nearer by In areat at present t these two cities are transportation so far as railroad tion is concerned Railway Railwaymen tiler men 11 however who look looked d over ocr after Mr ir J the field J I J that I death death- became me opportunities there were were ma made e possible th through ro gh the construction of the Moffat road than any represented by a reduction reduction re re- of miles in the railway railway rail roil distance between Denver way and Salt Lal Lake e City for there magnificent country awaiting awaiting await await- is a in western western western west west- lJ h development ing hid li high ern Colorado and east eastern Utah It contains vast possibilities hot both J h in thi OP fJ tj f mines Hn kind and in ip agriculture The di district has been spoken of frequently frequently fre fre- of r late as a n new em em- pire Aire With adequate railroad facilities it ought to duplicate tile the experience which f followed the opening up ill l of of- n new new v lines bythe by bythe bythe the Union Pacific c by hy the Atch Atchison ison and by hy the Southern Pacific Pa Pa- a- a cit c. c It apparently would make IM T r a f fa pt- pt i li ie a verp verv valuable J e auxiliary i i if rY or f fr r part art of the the so so called Hawley system J The rhe completed p portion runs runs run's north northwesterly f front from Denver r about t miles In order order orde t to reach Salt Lake City cuty ity an aJl eq l ll number of miles be he con con- I Apparently Mr Ir Erb Ern who has close affiliations with ith str strong ng banking bonking interests better interests better r affiliations affiliations than thou Mr Moffat l was was- fible ble to secure is secure is to be a able to I obtain n all l the Je money needed inot i inot I Inot not only to meet the overdue overdue I i notes of fh the the Moffat road hut but also also to complete complete the construe construe- construe construe- I j tion tins I Mr Nr Er Erb is q one i of f the mod rn school of rail railway I who ar are masters ers of the rai railway way philosophy t taught u ht bv lw James J. J I Hill and E E. I- I H. H H r He l-Ie believes that if if a u railroad is isor or worth I building at all till it is iF worth I building w well lL PI Presumably if he lie and ancl his hi i associates in the Hawley vs b stis sti's t tern m through p co-p operation co-operation wiH with wit I eastern and Chi Chicago ao hankers bankers k rs do secure control of the Moffat f I I road they will ill adopt the best i I I methods in the hc new construction I 1 I tion tian needed d to complete th thee J 1 road to to Salt SnIt Lake Lalie City so as to tn to obtain the higl highest est possible ef 1 l ef-l Probably it will he be necessary to resu resurvey ney rind and rebuild rebuild rebuild re re- build p portions r ions of the road rond which have already been heeti constructed for the road now tn meets ets with I very heavy grades rn e. e and cros crosses es I the mountains at an altitude oft of 1 feet V I Out of Ui this s very daring conception conception con con- of the late D. D H. H Moffat it is now probable t that l t a rail rail-I wor way system in In the far west I opening up lP to development I much of of- of western and northwestern northwestern north north- western wester l Colorado and of eastern eastern east emst- ern Utah and providing economic economic economic econ econ- V transportation will be |