Show A NEW TELEGRAPH LINE Salt Lake to be Connected With the East by i Tho following account of the organization organiza-tion of a new telegraph company of which Salt Lake will reap the benefits i taken from the Denver News of the 7th A new telegraph company is to be incorporated in-corporated in this city within a week or two which is to form part of a complete transcontinental line The new company will probably work in with the Baltimore Ohio Company and while the corpora tion in this State will be a local one it will but a part of the system which will b carried out in other States The scheme looks to tho formation of similar companies in Stato west of the Mississippi river which are to use the telegraphic telegphic lines of the railway companies operating in each State The company to b incorporated in-corporated in this State will be known as the Rocky Mountain Telegraphic Company and will use the t wires for tho most part of the Santa Fe Company The principal points in the State will be readied over the Viires of the Denver TUo Grande Railroad the Colorado Mid land and the Union Pacific The wires of the Santa Fe and Union Pacific wirs tral Southern and Northern Pacific Rio Grande and Western Burlington Kansas Pacific and the Rock Island road when it reaches here will also be used both East and West completing the circuit The scheme is the outgrowth of the Baltimore Ohio Telegraph companys project and was consummated in New York almost a month ago Agents are looking over the ground in several States and articles of incorporation for the local companies will be filed simultaneously simul-taneously in each State The company or companies will be ready for the transaction of business by August or September Sep-tember I is understood that a capital of 9000000 is back of the scheme |