Show THREE RAILROADS ARE PLANNING IMPROVEMENTS There are three railroad rumors going the rounds It may be nothing more than rumor will ever come ev come r-come-of of oft It t but it Is worth publishing and the chances are the Item will be read with as much Interest almost as the he first item more than a quarter of a century ago Rumor Rumar number one Is that that the Denver and Salt Lake Railway company company com com- pany any now In the hands of receivers is s to be reorganized and the road I extended to Salt Lake Here Is the report we give It for what it 1 is orth Revival of the extension extension extension exten exten- sion sion of the Denver and Salt Lake railroad Moffat line Une west from rom Craig Colo through the Uintah basin and Into Salt Lake thereby thereby thereby there there- by shortening the route to the Pacific coast by miles Is seen in plans for the reorganization atlon of the railroad at a committee committee committee com com- meeting of receivers and and financiers which takes place in New York F. F C. C Richmond president of the Salt Lake Commercial Commercial Com Com- mercial club and other Interested Interest Interest- I ed In the development of the Uintah basin regard this information Information mation matlon received last night as being of considerable Interest Dispatches carrying news of ot the revival plans plans out out of Denver last night were authenticated In Ina Ina ina a statement by Charles Boettcher Boettcher Boettcher cher of or the Colorado capital one of the roads road's receivers He Is quoted as having said that the reorganization will include In Its program program the completion of the six mile tunnel through James Peak thirty-five thirty miles mites west of of Denver and representing the only big bore through the continental continental conti conti- divide Further It Is pointed out In dispatches from Denver th the plans recapitalization to ta the ext extent nt of addItional additional additional addi addI- capital W W. R. R Freeman one of oC the receivers Lawrence Phipps Sr and Gerald Hughes of or Denver are now In New York Mr Boettcher said to attend today's meeting Representatives tives thes of the bondholders of the road also will be present Eastern Cl Capital Ready It was stated that eastern capItal capital capital cap cap- ital is ready to subscribe 5 5 of or the proposed additional capital and Denver Denver Denver Den Den- ver capitalists are expected to raise rafEe the remaining It was said the would provide money for building the new tunnel and In addition pay payoff payoff payoff off the obligations of the foad road allowing It to emerge emerge from the receivership Mr Richmond expressed the I opinion that it will require in J the tile neighborhood o of to continue the railroad on to Salt Lake and that the Investment investment investment invest Invest- ment of should be regarded regarded regarded re re- only as an aim to pay payoff off obligations and possibly complete the bore under James Peak But Buthe Buthe Buthe he said that with this bore completed completed completed com com- possibilities of the road should attract an abundance of capital He seemed of the opinion r t Ion that possible extension of the road to Salt Lake should not be expected until at l least ast two years after the war Rumor number two Is that the theD D Denver mer and Rio Iio Grande stockholders who will meet the middle of this mo month th will decide to build the Uintah basin branch from Soldier Summit The following Associated Press dispatch dispatch dis dis- patch is along that line Positive information that the Denver and Rio Grande railroad will be remerged with the Missouri Missouri Mis Mis- Pacific and the Western Pacific line was received here t to today today to- to day in dispatches from Denver that stated all plans had been J completed for the merging of the three roads at the annual meeting of the directors of the roads to be held in Denver October October October Oc Oc- Oc- Oc tober 16 Headquarters of all three roads will be removed either eith eith- er to New York or St. St Louis With the report that the lines I are to be remerged comes the re report report report re- re port from reliable sources that H Ii U U. Mudge president of the Ithe theD theD D D. and R R. G G. G since the divorce of th the lines two I years ago will sever serer his connection with the Rio Grande under the merger A t judgment for recent recently ly granted stockholders the of-the of ot the Western Pacific by a New York court will be assumed under a joint agreement of or the three lines Iines Announcement of the merger is said to reveal roveal a romantic I story of big business and high finance in which George J. J G Gould uld and the Western Pacific group of directors struggled for far supremacy su supremacy supremacy su- su In control of the line Surrender of the D. D and R. R O. O marks the passing of ot the last of the properties around which the princely estate of Jay ay Gould wash George Gould accordIng according according ac ac- ac- ac cording to the plans of ot the directors directors directors tors who will assume control in October will be eliminated from control of the road rood except as a a. minor director Divorced Other Two Two years ago Gould formed I Continued on Page Eight THREE S I Continued from Page One a combination with the conservative conservative conservative conserva conserva- tive element of the board of at directors di directors directors di- di rectors of or the road which resulted re- re re suited In the divorce of the Denver Denver Denver Den- Den ver ver and Rio Grande from the Missouri Pacific and the establishment establIshment establishment of or the D. D and R. R G. G as asan asan asan an Independent road H H. U. U Mudge a prominent railroad man was selected president atthe of at the road at a salary of a year ear He was given a contract for two years The announcement that the three roads are to be merged comes conies as a sequel to a trip of investigation over the roads of oC the Denver and Rio Grande by L. L J J. J Lorree president of oC the Delaware and Hudson AccordIng According According Accord Accord- ing to reports Mr 11 Lorree at the the time of his visit gave several several sev sev- several eral intimations of oC the purpose of the long Investigation It required re required required re- re forty days dars for President Lorree to make a study df the theo o operation of the two railroads and returning to New York he prepared an extensive report that was transmitted to bondholders bondholders bondholders bond bond- holders confidentially and soon after It Is said plans were laid for the capturing of oC tune fhe the controlling controlling con- con controlling trolling interests and the mer mer- ger of the roads It is believed In financial circles cir circles circles cir cir- cles that the debts debt Jf of s the Rio Grande Grand occasioned by lIy the guarantee of the interest on the bonded debt of oC the Western Pacific was the club which was wasI I wielded by the opponents of ot the Goulds to obtain control of the I properties The New York bondholders bondholders bondholders bond bond- holders of the Western Pacific recently were ere given Judgment for In the New York circuit court which it Is bellev- bellev believed ed cd will be affirmed In the court of oC appeals next month Under the tine merger arrangement the three lines will assume the debt jointly Net X et Earnings Increased It was believed ed from the success of the Denver and Rio Grande during the first year ear of Its in independent independent independent in- in dependent rule under Mr Mudge that the plan would be success success- I ful The net earnings of the road amounted to against the preceding years Rumor number three says say's says the Colorado Midland is sure to come Work is now being done connecting up Ul bet between een Fruita and Mack From FromMack FromMack Mack to Watson the Uintah Railway company tracks will be used The The road will be he standard gauge and the Baxter pass will be tunneled From Watson atson on to the western outlet anew anew a anew new road will be built bunt Pay Par your money and take your choice |