Show m NEW ELECTRIC ROAD A the ogden city street railway changes hands I 1 0 i 7 ICE TUE COMIT lie bold road turned over to tha the kew danage ment rest yesterday rester erday daj I 1 lew kew kill will r f bi be built at once onto I 1 k i another step in Og Ogden dens fl progress was made yesterday when the vaden I 1 city street railway comp companas com panya anys tines lines 1 were tamed turned over to the jarvis conk lin mortgage trust company compan of kansas 6 city new york aul and london I 1 mr jarvis president of 0 the latter litter company arrived iu in ogden saturday I 1 t 1 d ay and since that time has been closeted with judge rhodes tho the ogden compau ys attorney ana ana I 1 i if 0 ashbert ast bert bart vice president and I 1 az utah manager of the jarvis company I 1 I 1 with the above results the jarvia jarvis conklin mortgage trust s company held the bonds of the ogden I 1 city street railway company to the amount of and aro are the trustee of the road the bonds hav hal ing been issued first all subsequent 0 notes wore secondary and those these held I 1 by the jarvia jarvis conklin company had to be the first bottled 11 1 1 T since the recent talt talf about electric street railway systems mr swan saw aw plainly that an electric plant bould would have to be put in after the henderson company wbk granted a franchise bo he knew know that it that company I 1 succeeded in getting things into working order hw hie road ia W without the improvement would be I 1 I 1 utterly worthley worth lew and hence tho the reason teason for the several injunction cases which have been tried As hla his cora company was not overburdened with ith capital I 1 the only thing remaining tor for him i to do was wag to turn the road 0 over v er to 0 the act tag t trustee 1 and by BO so doing p protect r u t h his 1 creditors credito r a the lines were inspected yesterday and the transfer made r mr swan will be retained for the present at least and cars on tho the varl various I 1 ou 8 lines will be run rua as usual attorney rhodes was asked laet last evening what effect the new I 1 would hav have on the injunction case a which has been appealed to the supreme court of the territory tory territory Jerri I 1 I 1 tho rho judge answered that hat the I 1 tran tr angler 1 I 1 er would have the slightest effect efi eli fact as no the cage case would still be c carried forward and in the event of a pick or shovel being laid on the streets of ogden in the in interests inte teresta reata of any other line another would be brought to bear 11 II 0 GilbertE GlIbert Esq iq vica vice president of the jarvis conklin mortgage trust company was been last evening and questioned as to the future PI plans x f ls of the company mr gilbert rema remarked r k t I 1 that ha he would give the little information z I 1 ho be possessed about the matter and eaid said of CO course be you u are aware that we I 1 hold th the e ogden g en cit city railway com cona panya pany bon bonds C a as wo we do 0 several other 1 1 western companies m antes the salt slit lake city electric railway company tor for instance aad sad today to day a transfer was made of their lines ea to us as trustee and the road I 1 will hereafter be run under our management I 1 am not sure whether the bonds are actually in our possession or have been sold be that as it i I 1 may the jarvis conklin company is I 1 the virtual owner or trustee at prea pres ent the road will be bold sold in a short timi time bids will bo be advertised for and I 1 the line closed out this may seem a black eye for ogden but in reality it i is the best thing that could have happened you can put mo me on oa record as saying that within tho the next few months ogden ogdon will t be have vo one of the best electric street ra railway iway systems in the united states I 1 am not at liberty to state the name ol 01 the company that will build the I 1 new now line but it will bo be built and 1 thata that at tonce once thero there will be no delay with this project ogden is now cipe lor for a g good cod system ol 01 electric gew railway ti ay an and d there are a large number of M obied concerns that would be glad to pat put in fa the required plant the jarvis conklin company is I 1 perhaps e chaps the largest institution of its I 1 1 kind l ad in the world and has a vast influence with men of capital mr jarvis said to a reporter during J his stay that bis his company had over loaned out and nowhere e did he have less trouble with securities 1 than here in utah lie remarked that the money market bad had I 1 been very tight of late but that there i was a tendency to loosen up now and i that they would soon goon have a million I 1 dollars to invest hero in the territory tho the company Is interested in a large number of utah companie comp aniM and with such backing aa a they will give the r people of ogden can rest assured that this city will eoon soon have a complete electric railway system I 1 0 |