Show tT GIGANTIC TRACTION DEAL MORMON CHURCH OUT Of BUSINESS Inte mountain Consolidated Railroad Company Formed In Salt Lake With Capital Stock Placed at f- f WILL BE FINANCED BY INTERNATIONAL TRUST 7 Utah and Ogden Street Railways Merged Into Combine of 1 More Than Miles of Double Track gei Linking inking Two States r 3 J p p V VI I V t I b by a powerful corporation f of or American autI foreign capitalists forming a railroad traction ys- ys tem tern of or about miles mil of ot double that ss will link tho state of or Utah and Idaho the mountain Inter-mountain Coh Railroad company men men- Jon of who incorporation was vas made madeM M viI ull tako take over the Utah tight anti and company ny the Og- Og L- L len deu street ct I Railway company and will build bUIl up UI 1110 of oC the largest traction III In th the lIw west went according to the 1 rR The now now company which k lo to b lo H backed by 11 tIle the hl ii company or of Salt Snit Lake Lalic City n ii IH Idaho la Is capitalized at 26 36 oooo with the announce announce- 1 V t I J fa of oC f th the lne greatest traction deal nd n to tho thi country emes the news n that the Mormon r church will wilt retire from flom business rc- rc all of Its business S interests This was made at a u meeting of oC directors of or the lie new com coni- company V puny pany yesterday e b by J Joseph P. P Smith V president of or the tho Mormon church V V V V VV Church Sells BIl t s Interests I V The ot of religion from flom busi bui- V nc ness a nC explained b by Mr h Smith to toV V tho thu directors is It made ind on account of p- p tho the fuel t that the lie Mormons A whom th the church chUlCh Bought ough to io protect years ago no Joer need the he protection of the r. r lUrch DIch In business n if a Irs The Tue church business to a assist converts lUll alit V belonging to the church but but tl they thoV r. r t 4 rl now on a footing the he ther 1 r l. l lW W from business hUlln en- en enI I V V MI t en- en O t I tI V d' d l. l Vl l I Ri Ili pavilion fUl 1 toh i I t I likewise he bo 10 sohl 44 q le l' Consolidated Railroad Rail 1 road l I will build bulb a u traction V V line county count Utah to One- One V V 9 d tta county Idaho which with branch lines ij wilt JH comprise l' l a system y of or about W 20 In lii addition to this the the- railroad rail rail- o 9 oa 1 road will have UI s po n por r I plants V of ot Salt SaltI Ih b city railway V systems V I f Lake arid Ogden will be transferred 1 V to lr fl the new syndicate President L j P t r- r J Jpseph lIh V. V Smith and nud Governor John Johni i f C. C Cutler arc lUe prominent among the Df directors o of the new corporation fJ Stockholders of or Company 11 V V V r r Tho The articles of agreement of the th V Intermountain Consolidated Railroad company compall have been signed by the V V following stockholders V II IL II H New York City V President Manhattan Railroad com corn company V pany Baron Darol Hetty president i Ban Dank Ii of or Paris France Sir Thomas Thomos V Jackson president Hong Kong and Shanghai bunk London England G. G It Esq I Esi I president V Manchester Railroad com company pan Manchester Manchester Man Man- chester 1 England l Alexander l Ele President Canadian Northern Railroad Rail Hall V road Ottawa Canada Henry Dupont capitalist Purls Paris France Beresford Hope hoot London England presenting re-presenting British tors Charles I F. F Wilcox 1 M. M 1 1 D D. ent International Int Trust V com company pun of or Idaho Salt Lake Lahe City Joseph F. F Smith president Utah Light V ic Railway company Salt Rail Lake City Utah John C C. Cutler Governor State of or Utah Suit Salt Lake City George C. C Parkinson president Idaho State Savings In bank bani on Idaho John JohnA A A. Bagley OaKle former General Attorney Ial Idaho Idano Montpelier State Stale 0 of oC Idaho First National David Eccle president bank O Ogden den Utah J. J L. L C C. Miller Mur- Mur Miller Cahoon ray Utah Manager Implement company Colonel Willard Villard Young civil engineer Salt alt Lake CIl City ox Heads 1 Trust Company Dr Dl C. C F. F KV Wilcox of or Salt Lake city t is II president len of f the International Trust V company which will vilI finance the thc railroad railroad rail rall- Articles of oC Incorporation road project flied filed at Boise today and tion tiun will he be of oC state here herl in a afew with the t secretary few fw days dayl The trust company which is in Iii 1 C capitalists d of or powerful 7 composed will have hu huIts Itah and anti In New ew York City its headquarters In Salt Lake LaliO City Cily company directors rectors II of or the trust t fh The Ogden al nie l. l David n. n P. P Provo prove A. A F. F Wilcox C c. i Young ting c v. v Morris n. n J and S' S New ew York City I Idaho 1 l Jo City V 11 It Salt vw i that the lie c New York Is un t It in the directory represent re- re V that Is h present the Oca o I Clem- Clem invested ho invested in iii the who ha has l London of t V up eral e herc COO con be the th project will John 1 AV with the thc Loudon company hM been In- In or of also of the Utah records 1 Railroad the r corn puny has hasz Light antI and or Of the varR var- var l Into the thu inquired the con COD Into L z bu tu en R V bus lom Inte tB to v V V V V e e Director 1 V 1 t The Thc I Which 15 C Vs t Into iV V 1 ed cd at fI of inV incorporation In- In V V 10 naro will 1110 secretary of V the lie with corporation articles 1 V V here hr on 00 Saturday K hoard board Mate f tOY y ThEe The at DO V will be filed fl yesterday I held hehl a 1 V directors dors of tile the of Q 0 In 81 1 V w it hoard board NOW New The Wand V IL Vr V following ollo 11 n fOls w d I York ork City Daron Jack on 4 Sir SIt Franco France J Jackson mM I Paris France Sir 10 G G. 7 1 London England Jand u Alexand- Alexand l Hent t or t 1 t X h a J Dupont Paris Iari France Franco I Hope London England Charles 1 F. F Wilcox Salt Lake LaJe City Joseph F. F Smith Salt Lake Lak City John Jahn C. C Cutler Culler Salt Lake CIl City George C C. Parkinson Preston Idaho David Eccles Ogden den V Utah L L. C. C Miller 1 cr Murray Utah VB old lard Young Salt Lake City CIl John A A. Bagley Dagle Montpelier l Idaho aho Capital Stock Subscribed The amount of capital stock subscribed sub sub- scribed am and the names of the parties sub sub- 4 are arc as follows 4 Nam Number Amount II U. H. H Vreeland 10 Hety 10 1 Thomas Thoma Jackson 10 G G. Rathbone 10 iro lW f Alexander 10 iii Henry i r- r Dupont p i 10 Beresford Hope Hone to Charts Charles P. P 10 IM I'M Joseph F Smith 10 John C C. Cutler 10 loo f C. C Parkinson 10 John A A. 50 X Da David DaI I J 10 r. r L. L C Co Miller 11 1 II lOr 10 KO lW Willard Youn Young 10 V F. F M. M Jr ROM 6 mM W. W J. J Robinson 10 Ir London Share and Debenture Co Thomson Houston and Co Seligman and Co Pars Par's Mi W Total rot f Oll III in Salt Sail The Tho articles of Incorporation state stute that lint the company compon Is Js formed for the purpose of or and conducting a general ern 1 railroad electric light And power husi 1 if j H 8 Accord According In t to the tho articles the principal prin IlIin cipal place olace of or will h ho he Salt Lake LAko City Utah and aud Boise OI City Idaho Other Jt yal j f H fI I be i ty years u rV V V 1 V V A sIc h Nen Iri c. c fr The Inter mountain will apply for tor a It 1 year ninety franchise In lit Salt alt I Lake City CIt to supplant that now hold ld by hy the Utah Light Ight and anil Railway Hanway company A Aim im mb M of tho tim directorate of the now company states that tho the city will bo lie d aski-d to give the franchise without financial finan finan- man man- cial consideration the railway making concessions In street paving that will pa pay for the rights It Is granted Houle of elf Neu c The company proposes immediately to commence construction of an on electrical road from rom Lovan Levan Juab county Utah north through Ne hl Mona MonD Santaquin Spanish 1 l' l ork Fork Provo Pro- Pro vo Pleasant Grove American Fork Lent Lehi Le Le- hi nt West Jordan Salt Snit Lake City Woods Wood's Cross Bountiful Center Center- yule Farmington Ogden WIllar WIll- WIll ard ar 1 Brigham City n Logan Hyde Park Smithfield Richmond hew hew- Iston Idaho to Preston Oneida Onolda county Idaho a distance of about S 2 miles a brunch branch line from Salt Lake Luke City to Brighton Big Dig Cottonwood canyon a distance distame dis dis- dis- dis tame tance of about thirty miles and a branch line from Salt Snit Lake City by way of or Stockton Tooele county a distance o of forty miles mUes also a branch line from Tay- Tay Salt Lake county to Brigham Ctt City a G dt tance of or about twenty miles Also a branch line Une from Logan CIt City to Paradise In Cache county Utah a 0 distance of about thirteen miles mites The Tho company already has hs franchises for forthe forthe forthe the lines above mentioned although so 60 quietly has the work York of ot securing them been done that not until yesterday was w tho th hO plans of the company generally known Franchises secured two years a ago o and later Inter by Barney Mahler l arc are among those under which the new now concern concern concern con con- cern will build its lines Trust it Company to The Trust company will construct an story eight t building on State street but hut the exact location has haa not yet been named The first three floors and the basement of or the proK proposed sed ed building have been leased to a wholesale sale firm which lost fica heavily In Jn the San l Francisco dl dis disaster disaster dis- dis aster and has baa found Salt SaU Lake a safer and better proposition than the city on the coa coast A contract with the firm the name namo of which has not been divulged has been signed Financial oin and bu business circles of Salt Lake City will be startled today by th the he announcement of the forming of or the two Klant t corporations The Thc deal has been quietly conducted and not Until It was consummated yesterday WIl was the public aware that the transfer of or great properties proper proper- ties tics wa was to b bo be effected Tho Thu effect of thy the now DOW railroad upon the business of Salt Lake Lak City will be Instantaneous An As soon Boon as the lint lino Is 18 in operation trade will willbe willbo bo br brought to the city In large volumes and not only will Salt Lake JAke thrive but there will be an Impetus to the V growth of the small towns i and to the country In general The effect Of cf the announcement of or Smith that the Mormon church hureh would go o out of business bu entirely will wilt willbe willbe be far fat The decision will affect great gront Int Interests rests of or all nil kinds In Salt Snit Lake Luko City and ami in other part parts of the state hows How s 8 soon on this policy will b bv be enforced generally along alom oil all lines Jines in is shown by the deter deter- to transfer all action yesterday traction properties I to the now flOW syndicate Tl This ls n action may have a II mighty influence upon the tho other hu business actions that are to follow |