Show RELIEF IS IN SIGHT S FOR FOB FORTHE FORTHE THE MOFFAT ROAD Settlement of Rio Grande Grando Affairs Permits Penults Further Steps Story Steps Story of Junking Said to bo be boa bea a Fake Falio Definite announcement of the plans of the Interests forming what is known in the west as the Burlington Burling BurlIng- ton system to take the Moffat road out of f the hands of the courts dissolve dissolve dis dis- solve the receivership and assume active control of the railroad serving sere sery- ing Northwestern Colorado may now be expected very soon perhaps withIn within within with with- in the next few days says the Steamboat Steamboat Steamboat Steam Steam- boat Sentinel Last fall it was as confidently Confidently con Con- on- on e expected that this announcement announcement announcement announce announce- ment would be made early this spring but litigation over the possession possession possession posses posses- sion of the Denver Rio Grand railroad railroad railroad rail rail- road acquired b by the same Interests last November made it advisable to withhold the formal announcement of Moffat road plans The Rio Grande matter was definitely definitely settled on July 21 when Judge Lewis of the United States District court handed down his final decision I against the minority stockholders representing rival interests which l sought ought to prevent the of the plans to make the Burlington l system a portion of a new transcontinental transcontinental line between New York and San Francisco FranciS All legal methods of delay had been exhausted and at midnight on the morning of Monday Monda I Aug 1 the anniversary of the admission of Colorado as a state the former Denver Rio Grande railroad railroad railroad rail rail- road became the Denver Rio Rio Grande W Western estern stern Announcement of officials was made nearly the same as heretofore Where changes were were made the new men are ones who ha have ve long been identified with other railroads controlled by the same in interests In- In 8 e Burlington l firQuin-l Quincy Quin Quin- cy gen generally rally known as as the Burlington Burling Burling- ton s system stem Is generally credited inthe in inthe I the west as as being a a. power in the ra railroad railroad rail rail- 1 road world As a matter of fact itis it itis itis is but one unit in one of the two great reat railroad systems of th the United States the other being in the hands of the Rockefeller Harriman Harriman Harriman Harri- Harri man and allied interests That controlling con wn- controlling trolling the Burlington i is is headed s bythe bythe by bythe the Morgan HIll Trust company compan syndicate which also owns the New York Central the Nort Pacific Great Northern and scores of other important railroads This group of capitalists is la determined to establish another transcontinental line and has long held some 58 per percent percent percent cent of the bonds of the Moffat road which will be a unit I in the thea new short line Ine and for which a tunnel under the Continental Continental- divide will soon be bored at Jones pass In the process of taking over the Moffat road the bond mortgage on th the property will be foreclosed through a receivership sale when It will vill be purchased by represent representatives of the syndicate as was done in the case of the Rio Grande For a long period of time the Moffat road has not been permitted to earn sufficient to pay the expenses of operation upkeep upkeep upkeep up up- keep and interest on its indebtedness indebtedness indebtedness indebted indebted- ness ness and there has been a monthly deficit This condition has been maintained systematically thou though h hLl mismanagement by the receiver at atthe Ll e f i the instructions of the ma majority majori j ori y bondholders and from time to tf time e eI I emergencies have arisen when It was wasI necessary to secure funds which I were available through V only ono one source advances made by the Burlington Bur Dur- lington f In exchange for lor tR tress mesa se adV advances s receivers ers certificates tes o of nd ed ness have been been- authorized r aut cd by y th the court and these now P proximately wh what t it is expected the road will bring when bid In a the auction sale by the BurU luter ests Hence there will be belittle be little pi pr no no money from the the the-asle asle to d divide v J among among antagonistic bo bondholders bondholders- r ft or those thoa r outside of tho the family mily V t- t SInce It beca became became e evident that th the great chango change inT la In the aft affairs Irs of or the tho th 1 i V Moffat ra road was bout to lo place tako i k J p la the Denver Post Post has beginning last las 3 Saturday t rda been publishing dall dal daily y P s A based upon imaginary ru ruA ru- ru morn hat l the M Moffat road was about abou f t to suspend s p nd operations and that it want was wa Ji J.- J. so nt 3 te 6 be junked it a aJ J ap l i I for permission to do this is h g Y 10 be e J made to tho the court and andO O 1 fJ t nUb e Utilities es com s- s Goon o on la last t page page paget tf j. j J t T V i t d k 1 r h k r. r r P rii ir ib r. r J 1 t |