Show I I APPLICATIONS FILED FOR WAY RIGHT Reorganization of head oHl Makes Ial cS All Advance Control Advance Control to Remain in Denver I for foi Applications for way rights approaches approaches' to the east cast and west Neat portals of the Moffat tunnel to connect con con- co connect 11 the thc tunnel with the tracks s of the Denver Salt Lake Lale railroad wore were filed tiled last Wednesday with with Walter Spencer register of of the tho Denver Denier lan land office I The applications which are arc ac ac- companied by of the proposed approaches will be forwarded to lo toS S Secretary Hubert York Work of the i 11 vior department at Washington D.C. D.C. D D. C. C for ap approval Approaches t to the east cast portal o otho of the thc tunnel will n necessitate the thc crossing crossing crossing cross cross- ing of 21 31 of a mile mile- of the Colorado National forest while the approaches to the west west portal will cross cross rOs 1 1 77 miles of the the Arapahoe National for for- r willbe ill be bo est Each right right-of way right way will will- feet wide I Control of or the tIiE Moffat r railroad tl will remain in th the financial l completed for the reorganization reorganization reorganization re re- arrangements organization of the tine system it was vas announced recently by hy Gerald In tt Hughes one ono of the committee charge of the reorganization plan According to Mr Hughes n no public ImbUe public pub pub- lic Ue offerings s of oC new Moffat securities securities se se- will be necessary Tact Tho consummated on- on private financial arrangements arrangements- summated summated-at at at the New York meeting will provide all of the he new money to be put in the system It is under understood stood that Denver Deriver capital will viii care for the major part of ine tun new financial finan cial structure to be built up for tho the road With the tine plan declared operative an and the negotiations s rot for tor the underwriting under under- underwriting writing completed It is expected te l that thai I within the next few months definite I 1 action will be court to foreclose fore fore- fo foreclose e close lose the thc road and terminate the ox ox- receivership p. p This Tills action district which will be taken in the court at Golden Colo under proceedings proceedings pro pro- will not be betake betake now pending lg until routine work take lake however of oC the reorganization reorganizations has been com coni- Members of oC the reorganization committee In addition n to Mr Il Hughes Include Lawrence C. C Phipps Jr and I Alexander forger Derger one ono of the foremost foremost fore fore- of the proposed Salt most figures I Lake Lalo and Denver road |