Show WESTERN PACIFIC I BUYS RIO GRANDE NEW OWNERS PAY CASH AND ASSUME OF R Road ad Is Sold on Fifteenth sary to Satisfy Judgment of 36 the Sale Completely Wip- Wip Ing Out Stock of the D. D R. R G G. DeI Denver On On On the fi fifteenth anniversary anniversary sar sary of the organization of the Denver Illo Gran Grande e Railroad November November No No- vember 20 all ahl the property and anti holdIngs holdIngs holdIngs hold- hold Ings of the organization were ero sold uld to three men representing the Western Pacific Railroad c corporation for fOl 5 5 The Tile purchasers also assume assumed obligations of the tile Denver Dener Rio Grande um amounting to to The sale saJe completely wipes ou out the stock lor of the Denver Denyer Jib JUo Ulo Grande Glande amounting to according to John F. F wl Bl-wl of Y York general counsel l for the Western Pacific andone andone and one of oj the three purchasers The others others oth OUI- ers associated with It him were John B. B Marsh tiu and nd Ralph M M. I. I Arkush kush both of New Ness York The road was sold to satisfy a j judgment judg ment meat ment of obtained b by the Equitable 1 Trust company of New York York as trustee rOt for holders of bonds Issued b by th the Western elem P Pacific r qc Railroad l. l company com corn linn pany and guaranteed h by 13 the Denver Ro Rho Grun e The sale i Is t subject ct to confirmation by the thc United States district district district dis dis- ou t I Following the tue sale Mr Ir Bowie announced announced announced an an- that although the Western Pacific ll Railroad cOl company y corporation tUon now owns both the Western Pacific and Denver Jib Rio mo Grande Grane railroads the lines would be operated d separately ly Of course said Mr Ir Bowie Boivie In a statement there will vill naturally be a a. a tendency to favor the the Vest Western rn Pacific on through business to to ah l from the Pacific coast i iThe The The- Themo Rio mo Gr Grande nde Western Ua Railroad Railroad- comI company n fly 1 recently thy I Incorporated rated In Ia Delaware with a. a capital of will be the Ji co company ny iy for forthe for forthe forthe the road sold Mr e 1100 and an operating company with a 11 name similar similar simi sImi- lar Jar to that tl held heid b by t the le 01 old 1 company will hii be b organized soon t Books Books of both the tile operating and holding companies will viii be be open opened In New York January 1 at which time officers of or of- both Companies Companies' will be bo announced lr Bowie said He lie dec declared de tie- ared tl the policy of or c dared be the then n new nv w owners to continue the services of the present T Tile The i h headquarters the the road the rond vill remain remain ren re re- re- re n main aIn in III Denver Denyer he he saI said I t |