Deseret Evening News | 1907-06-01 | Page 3 | Sanpete Road Changes Hands

SANPETE ROAD CHANGES HANDS Eastern Syndicate Takes Over OverLine OverLine Line and Coal and Quarry Properties A syndicate of oC eastern ta and Ind 1001 m men n has 1158 taken over oer the Sanpete Valley roll rull wHy W I the Sterling Coal Coke com oom company PithY pany end and Ib ehO Stone Slone comi ny This Thill lS today lodl and amid while minute detail lime arc lacking It Is known that thai time the holdings rights of ut way 11 franchises nod and all other possessions of ot the thins companion O tO PU ni es mentioned in en have been outright Tho The purchase price was not 1101 made mado known The now new com coma company pany will take luke hold Monday the tho local men Identified with the thu enterprise ore T 1 H ii Fitzgerald l J 3 JY JY Y Smith and William D U Livingstone One Ono of or tho the eastern men muon Is Js K Ir I R It Coale of ur thu tho th les Construction company l of or C Chicago Mr 1 Wallace of ot llio III mentioned was WOH once chief en cn engineer of or time the Panama canal a n meeting of or the tho new com corn pally has been leen held to elect Mr Mi II Coates will bo ho acting acting manager The fhe Sanpete Valley railway runs IUIS from iota 1111 to a n distance of ot 52 2 mils mile While those Interested say they the cannot III ot announce hi any definite left OttO plans plaits of or Din the company 11 st NO o soon noon I they assort that the entire line la is to be he practically reconstructed and Inri ties tint mid rails milt have hae been bieti already d for Cor this purpose It It Is I certain that the Sterling Coal and aud eho Stone ileitis fields are arc to bo lie open opened ed od on a u large scale Henle by hy the tho new com coma company billy pany ond the time road will be he omit and extended to 10 meet Ot the Iho Increased demands d of oC the near future J 3 W IV Young Yoting You l was and atmil U UIT U IT tUrkey secretary ut or the old coot com company PottY POll which Included In Its personnel several English capitalists