Show THE MOFFAT RAILROAD ASSURED A if denver man gets control money will bo forthcoming Forth conning effort to oust pearson internal differences in the board of directors and majority of stockholders of the denver sail Salt lake railroad are responsible for the failure of the company to construct the road between craig and salt lake through the uintah basin and according to james A mcelwee denver tunnel builder there is a fight between the phipps interests in denver and the pearson syndicate which had control of the road prior to the death of dr F S pearson on the lusitania mr A mcillwee who has the contract for the james peak tunnel i when it is built and for the other tunnels on the tha road asserted yesterday that if lawrence phipps of denver wins his fight for the presidency of the road read I 1 tho the construction of the road west from craig will be started next spring mr maill mcillwee w e returned from denver yesterday where lie he was in conference with directors of the company the money for the new road will be furnished by the henry phipps estate of pittsburgh 1 which is heavily interested in the united states steel corporation and in a number of other steel and iron companies in in the pittsburgh district it is said that with ith in cash assured the denver salt lake will be able to raise raise the remainder of the amount necessary to build the road i at the meeting of the board of directors in denver this month an effort will be made to oust walter pearson as chairman of the board of directors and to elect mr phipps president and give him such power as usually goes to the chairman of a directorate there seems to be ba every confidence in the ability of mr phipps to raise the money if he is elected president defit said mr mcillwee arrangements have already been entered into so 1 I am informed whereby the phipps estate in pittsburgh will furnish and mr phipps has his lines out to get gel the remainder if the road could got get the first sum then raising the rest would be easy there is a feeling among those who are interested in the matter in denver that mr phipps will win his fight for control the denver people claim that the pearson syndicate and newman erb former president were trying to unload the road in stead Istead of building it to completion it it is asserted by the Denver directors that construction work will start in the spring if the internal affairs can be adjusted I 1 look to see sec the denver S salt alt lake bec become orfie most active in construction st i if mr phipps is elected p resident president there is no doubt but that there will vill be something doing in this matter within thirty days herald republican |