Show WHAT EFFECT WILL SALE HAVE ON BASIN Will Vill Burlington Lose Out on Transcontinental Trans TraIL Transcontinental continental Line via the Dotsero Dots Dotsero Dot- Dot s sero o off Cut and Forced to Meet Bamberger f What effect will the sale of at the D. D R R. G G. G railroad to the Western Pacific Pacific Pacific Pa Pa- have on the Uintah basin In what way if any will the Burlington Burling Burling- ton be associated with the new combine combine combine com com- bine W Word rd comes from New York that no alliance will be contracted with any eastern road If that tha be betrue betrue betrue true the Bur Burlington ington must look elsewhere elsewhere elsewhere else else- where than the Dotsero off cut for coast to coast to connection The Moffat-Bamberger Moffat extension to Salt BaIt Lake may maybe be built bunt sooner saner than anTof any anT of us now think 1 The following dispatch rom r rm m Denver Denver Denver Den Den- ver March 28 with reference to the confirmation of ot the sale to the Western Pacific was received received d Tuesday Tuesday Tuesday Tues Tues- day Sale of the Denver Rio Grande railroad to the Western Pacific railroad railroad rail raU- road for tor here last No- No Continued on Last Page I B WHAT EFFECT j I 1 From Page One I I vember to satisfy a judgment of or theE the the E Equitable Trust company of NewYork NewYork New NewYork York was confirmed in federal court here today by District Judge Robe Robert Roberta t E E. a Lewis The decree also directed that all I moneys held at the present time by A. A R. R Baldwin of the road road shall be turned over to the purchasers ers with the exception of which h the receiver Is authorized to retain for current expenses The confirmation definitely disposes disposes dis die poses of any right of the stockholders ers to intervene in the roads road's opera opera- tion Sanction m to the payment of 5 5 in J p per r cent cent U t. t year thirty year gold bonds of the Western Pacific i I railroad is given In to the confirmatory decree decre Final l consummation cons consummation of the purchase purchase purchase pur pur- chase of the Denver Rio Grande railroad by the Western Pacific in interests in- in is the most important railroad rail rail- railroad road transaction so far as regards Its significance to Utah and other western states that has occurred since the completion of the Western Pacific Regarding the sale which was confirmed confirmed confirmed con con- firmed John F. F Bowie of New York general counsel for the western Pacific Pacific Pa Pa- and one one of the three bidders who representing the Western Pacific Pacific Pacific Pa Pa- bid In the Denver prop property property made the following statement of or plans The first consideration of the new owners of the Rio Grande willbe will willbe willbe be the expenditure of approximately for putting the property in first-class first shape and purchasing now new equipment including power The system will be operated for the best Interests of or the territory It serves Among the projects planned are new machine shops which will cost upwards of the ballasting ballasting ballasting bal bal- lasting of tracks Under the reorganization reorganization reorganization plan the Rio Grande Western will be the holding company for the Rio Grande and the operating operating operating ing company will be another Both the tIle holding company and the operating operating operating ing companies will be independent of the Wester Nester Pacific holding and operating companies It is the purpose to adhere strictly strict strict- ly to the policy of the he op open n door to the railroad lines east of of Denver We will contract no alliance with any eastern lines and the theRlo Rio Grande will bo be e free to accept and deliver traffic equally to all other lines except except except ex- ex ex ex- of ot course there will naturally be a tendency to favor the Western Pacific on through business to and the from Pacific coast The Rio Grande Western Railroad I company the new holding company was incorporated last fall In Delaware Delaware Delaware Dela Dela- ware with a capital of The delay In the confirmation of the sale of the Denver Rio Grande was brought about principally through the efforts of stockholders who sought to have the sale set aside and who were gr granted various hearings on their pleas before the district court In Denver and the district district dis dis- court In Denver and the district court at St. St Louis These stockholders ers failed however to put up as guarantee of or their intentions to purchase the road |