The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-19
First Move of the Great Utah
Company
GRASS CREEK TERMINAL.
WILL PUT THEIR COAL ON THE
MARKET.
This Company Incorporated For
S120,OOO-It May BE an Extension
of the Salt Lake and Los Angeles
The Board of Directors-A Talk
With Mr. Jack. =

Another move has been made by The
Utah company, the recently organized
corporation which has for its objects so
many great Improvements, in this terri
tory, this time resulting in the incorpo-
ration Of the company which is to con-
struct and equip the terminal railway
system between Grass Creek station, OH
the Echo & Park City Railway, and the
coal mines of The Utah company, which
is to furnish an outlet for the coal to
be mined in the recently. acquired fields.
1t is but the commencement of the work
of The Utah company and the organiza
ton of another subordinate corporation
which will construct the main line be-
tween this city and Grass Creek is but
the matter of short line. On the au-
thority of one of the principal promoters
of the enterprise it is stated that no
traffic agreement has been entered into
between the new road and the Union
Pacific whereby the new coal could be
placed upon the market, although at no
cheaper price than that now charged By
the coal barons, the project being but
the lnaugura ton of the great companys
railroad building. The final arrangements
for the organization of the company
were perfected yesterday morning and
the articles of Incorporation were filed
in the office of Territorial Auditor Game
just before IL o'clock.
The articles provide. that the name of
tue cOTpOTItlOn snail De the GRASS Green
Terminal Railway company, Salt Lake
being the principal place of business.
This road will commence the Grass Creek
junction of the Union. Pacific's Park
City branch, and run eaSterly up Grass
Creek canyon to section 10, township 3
north, range 6 east, the coal fields Of
The Utah company. its length being six
miles. Its estimated cost is S120,00O and
the motive power will be steam.
Of the aggregate sum deemed necessary
to complete and equip the road the sum
of $1,000 for each mile of projected rail-
way has been paid into the treasury OF
available at once.
The capital stock is placed at S120,0O0,
divided into 1,200 shares of the par value
of 500 each. The subscribers and the
individual amounts of the stock are as
follows:
Shares.
MILFORD Woodruff, Salt Lake city,. $50
George Q. Cannon, Salt Lake city,. 230
Joseph F. Smith, Salt Lake city,. $50
William F. Cuff. Coalville. ............ $50
James Jack, Salt Lake city. .........,.. 100
Frank j. Cannon, Ogden. ................ 100
Arthur Winter, Salt Lake city,. 100
The newly elected board of directors IS
made up as follows: MILFORD Woodruff.
George Q. Cannon, Joseph F. Smith, Will
liam w. Cuff and James Jack.
In response to an inquiry put by a Her
aid reporter yesterday afternoon, MIR.
Jack stated that within the next few days
the first dirt on the grade for the road
WOuiQ ny ana the work or construction be
fairly commenced 1t is the intention of
the company to inaugurate operations on
the coal field end and work down the can
yon for the six miles, already provided
for. On account of the failure of the COM
pany to select the route for the main line
between Grass Creek and this city the
provisions of the articles of Incorporation
were not made broad enough to take in
the entire system, but another sub-conl-
pany will take up this work. Messrs.
Cannon and Clayton of the executive COM
mittee of The Utah Company, who left
for New York last week on a special bus
mess trip, will return to this city by the
first of the coming week and with them
will come the engineers who last summer
went over the route and laid out the
road. These eXperts@Mill give their opfn-
ions upon the best route for the continu-
a ton of the road and then the further
plans of the company will develop.
1t. is stated that the visit of Messrs.
Cannon and Clayton to the east was very
and should this prove to be the
case the construction of the road to
Grass Creek and the extension of the Salt
Lake G. Los Angeles to the coast are
matters which will claim the attention of
the company at once. The promoters of
the great aggregation of enterprises are
keeping pretty much in the dark regard
ing their future intentions, awaiting the
return and official report Of Messrs. Can
non and Clayton.