| Show BIG DEAL BY nON A W Y Secures Control of ul the tue Rapid Transit Car Cur and Utah Power Coni Com Companies panics Which Will be b Consolidated Wit Salt Lake Loke City Street Railroad Company TIP Tie Tl Salt Uk City CUr Hallway corn com company pant pany of ot which A W la is the b Itu 1115 M 88 var pr er cent of ot the lock nf tf the company and I th the property properlY of thu Ihl l pany ny wh I plant Is III located In III Cottonwood canyon This ThU Is I tit tl end unit that th to two have h ju ht to ruch roath Eel lor oi the U la t two y year ear ars and It IH is generallY believed that the tue will result In tn material benefit lIenen t to tho the The Tue Rapid Transit tock stock secured from fruin J S Cameron the president from Nash dent of the io Lo II 0 HOltun Mt n firm The which the stock w WI was suld sull has irie at Lit not been Jeen stated but it Is 13 b between fO 20 und 80 10 b believed II ved to toIV t I by mid un art re thaus shaleM hal uc III JJ ut them tnt nl u pel pei the purchase prUe at nt c l notified the tho iO 10 o l ent re Transit cal cai of oC f the that be lit has haM sold his tuk toch to 10 the cum coin to the cult con and I that tiHIt and all IllIn sell lell at atthe mt HAtt by which h twy also of they felt fult to so 0 Inclined 1 the 1 same salle his Included ot the Utah company o itt nt W W divided Id IOta Into each It value of ur alum of the tile par pa I was WiS orlU orl lly or am ed for Cor the put IUt pose It f t furnishing rw oer r tor tOI the Salt Sail Lake company ali III In to ol ctrl lights It la is I at It present nt under 8 leue w to the utah LIght and Power Ioor company for tor or a I year tur Tho rho lease next hell March Mr tr plan Ian no doubt Is to toh have h control of ot the entire street rail laU railway railway way of ot the city together with the power to operate It II Tho rho power was wall formerly owned by uy John l I W J an In H it C Chamber Cham elp Francis Arm rm strong mehard Kh W Ii I Hoge and ami A W V Tho Tue deal Just closed places the Salt Luke Like Street rail railway way vay WIl company In III almost entire control of the power plant All but Jut of ot the stock wn bought hut butt they are held hehl by the Chambers and Armstrong Mm estates which tire are heavy In the railroad company The Tue purchase of nf the th plant will bo ho a n most mod valuable acquisition as ns a It Includes the power hou house o at Ut the tho mouth mauth of ot lg Bg Cottonwood canyon conron two 1000 horse transformers that COt cost each cehi Il a lino IIno of poles anil wires mills miles long Into thin the city and nn a II polo pole fran franchise chise tiui hi on in every enry vry street t In the city As All Asti Asto ti to whether or not nut the plant will be he Independently after attar the lease Mr Mi Is U unable to t state at II t this The fhe two t w the thC Tumult T mill and antI Salt SnIt Lake will lw he it consolidated nt at once It IB Is not likely however tint that the actual will take place until the lit u lIlt Alt Lako system nysum matuie on 1 1903 when It Is III I tho thu old hands will vili be taken up tip ami a 1 reissue e covering tile the th property of ot both hath It 11 Iii Is not unlikely that the tho Iran t people wore ure Ie Induced to bor be because cause cauM of the menace to Its that was wag threatened by U the active neUve Lion of ot tho silo Salt Uiko company That competition would have ha e been huen mote moie pro pronounced p when the Suit Snit Lake Lako company put Pull in 10 Us its to Cal and the Highland smelter Mr Ir Is averso to stating how much ho lue paid for fot the Transit Tr and Power plant he said however tl ho ito had hall purchased the fur ur luin self and others und did not feel eel war var warranted ranted lit Iii making the tho considerations public Mr McCune was willing to confirm the report that hut the two railroad ays terns would now be consolidated Jut but ho he thought It would probably be month before all the tita details of the tho con could coull be ue completed lIe He fur ru fU fUther tIter ther says nays that Inasmuch IlIa much as us he Is to tu Pom IerU to be hI n absent five livo or six HI months montha he lie will Immediately tel resign the lency denry of tile the Suit Snit Lake Lalle City railroad company Charles L Ij I Hood flood tOO 11 will vill bo ho named as a 11 director but hut h ho he was waR to say gay 81 who would succeed him us tia lIrOsi president then dent I There will be but few changes In tha tho system as ns the result of ot the Uon tin till two to lines to the Iho fort Cort will ic tt main intact In tort It Is 18 probable that u It loop will ho be made at nt the tho tort fort so HO that thu cars cant con can run both hoth ways WaK In a circle ar arI often otten an nl the tho patronage would warrant I The Tue Transit company loses lese Its identity by ly the tho consolidation and both systems will vIii be 10 known as liS the Salt Halt Lako City railroad company It Is stated Hinted RII tell that tho the following lines will be ue abandoned The rho Fourth street lines and the North Temple street t lines of ot the tho tild Transit company and the West Vest Third South line of ot it the tho city elty company The superintendent foreman attil 1 engineer of ot the Ito Transit power r house hou e will no longer lu needed ns as the power house will bp ho bl closed down downIn In regard to tl the sale Kale President Coat Cam Cameron eron admitted that he lIe had disposed ot of othis hH his hl stock stok and hud hall so 80 Informed the l e minor stockholders and further nail noti notified fled fied them that they might of their stock on the same terms but they thoy would hn to soIl lell ell within the next lIet days clays according to the stipulation of oC the contract Vice President Head knew nothing of ot f the deal arid anil consequently to say sity little In regard to It Ho Ite could see pee no reason why the th new linea linca to Murray and the ih Highland Hoy Doy should not be projected project eel ed |
