Show CHANGED HANDS Re receiver celver bancroft hands 0 the 1 I it 0 western I 1 an entry upon n yester yesterdays days court records though couched in the usual disguise of legal ahr phraseology says the the salt lake herald heral d conveyed the information that that portion of the little giant route known as the delvee kii grande western had bad been handed over hy hythe the receiver receive rW W II 11 bancroft to the company Desi desirous roub of learning whether all the com lions thai that gave rise to air ir ban crofts appointment as receiver receiver bad had been removed a herald reporter r called at the D R G office and was successful in obtaining an in with S W eccles general freight and pa passenger agent aud J H bennett auditor of the road the following had just been boiled ill kot 1 denver iio graml f western 1 aitay company IV 11 II BA BANCROFT Ne receiver LA RE city UTAH july 29 1880 the property of the company having been turned over to it aud and tho tile I 1 receivership terminated the tile atall way and pio property perty will be operated by the company after midnight of the 2 day of fy july uly 1885 IV if hi BANCROFT receiver CIRCULAR so 02 2 debrei A 4 rio grande western ky ry C co 0 SALT ALT LAKE CITY UTAH july ab M 9 80 86 col 1 D C defte has been appointed general manager of the company and superintendent until orders from the general manager all employees vill will continue in their respective positions and re report or t to the general manager through my y office at bait salt lake luke city 11 W II 11 BANCROFT superintendent the reorganization of thed R G proper then bad no cornec cou lion tion with the western queried the reporter none whatever was the reply the management gore goes bac kinto the hands of the same company from whence it went into those mr bancroft vm vin J palmer is president george A lowe vice president pr eident 0 W drake secretary and trea treasurer gurer W F colton assistant secretary J 11 I 1 bennett auditor and D 0 dodge general manager tho the D PL G W is ag as dis from the D it G as the 0 P from the we aj U P they of course ree run in conjunction coni unction and and practically are the same route but the organizations 7 are se separate arate will to thi F local 0 cal officers remain that remains to be seen there will I 1 probably be no changes s mr sir bancroft will continue to have control until mr ir dodge arrives per appointment from the board 1 it will bo be remembered that mr P ir Juan bancroft croft assumed control of the road two years ago when were plunged into apparently hopeless complication by the eastern repudiating ita its lease the western and commencing to tear up the track near the utah border that his receivership has been in nil all ways successful would appear from the showing of the company s affairs on juno june ast 1st when ho he rendered a statement to the court the earnings ara arki constantly on the increase and on the date named the receiver hado his credit iu in the tile bank the company does not owe a dollar it is elated stated all legs complications arc are removed and the tile earnings are constantly on the increase the future interests on the bonds will be promptly met in reply to the reporter query air mr bennett said the matter stands thus the majority majori tv of the bondholders having assen assented td to the funding plau as proposed by the company in august 1885 the sue cess of the same tame is now assured the earnings of tho the railway are steadily increasing anil and prospects for its future arc are exo excellent ellent |