The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-10

Tfk greatest interest is taken in the
decision of Chief Justice Merritt in the
receivei'ship case this morning. Spec
ulations on this subject and discussion
as to the relative merits of the various
propositions formed the chief topics OF
conversation on the streets yesterday
among all classes of citizens. In fact
1t is felt very generally that this is a
matter Of grave concern TO all the in
terests OF the territory and Salt Lake
in particular, and that on this decision
may rest the degree of prosperity
which the city is to enjoy for the next
few years.
CUriously enough, though the mat
sfcsS should rest very little on public
sentiment. in that it is a legal PROPOSE
lion to be settled in the court, there
seems to be a well defined effort to Gre
IN ravor OF two receivers.
Where this comes from specifically it
is difficult if not almost impossible TO
tell. Prominent members OF the Job
hers association however, have taken
the opposite view and created senti-
ment in favor of the separate appoint
ment of Mr.. Egan-
Anticipating Trust Company Victory.
General opinion last evening seemed
TO anticipate a decision in favor of the
American Loan and Trust company,
owing Z, the stand taken on the pro-
positf&ASo appoint an additional re
ceiver. = ,tre seems TO be no reason to
doubt ERat the company viii hold to
iJs decision not 10 accept the line on
such conditions, and If Chief Justice
Merritt should make the order in such
form it is believed the attorneys would
withdraw the suit and cave the mat
ter Just where it is at present.
How this action would affect the APP
pointment of Mr.. Egan as receiver of
the lines north of the Utah boundary
is not known. 1t is said by those on
the inside, however, that the Trust
company insists on having all or moth
ing, and the most probable outcome N
that event would be the refusal of the
company to pay the interest money on
July 1St and the consequent revocation
of the orders made by Judges Sanborn
and Gilbert. They say they could not
do justice to themselves without full
control This would mean the rever-
sion 50 the lines already given to MIR.
Egan, into the hands of the Union Pa
cifQfreceivers. What action would fol-
loR il is difficult to say. Some attor
n6vs believe the Trust company could
then demand a foreclosure of the first
mortgage and sale of the road, and
that it would bid it in and run it.
Would ReIinquish Northern Lines.
However there is little doubt that
the northern lines would be given up
b., the trust company unless it could at
least make connections with the Rio
Grande Western at ogden, and thus
be entirely independent of the Union
Pacific, or take the lines further south.
The whole proposition would have to
be submitted to the executive commit
tee of the Trust company in New York. |
4 &c IA
tlSsA legal fight here on behalf of the
company, and who has left for New
York already, would not advise the
taking of the northern lines, and it is
most natural to expect that the com
mittee would be guided almost wholly
by his advice.
TheATect Of Chief Justice Merritt's
deciSiFh therefore, is apt TO be wide
spread and to be vital TO the interests
of the entire region tapped by the con
ten. iated system.
Boise Wants the Headquarters.
Information has been received in
the city that a number of leading men |
of Boise are already anticipating that
the decision of the court will be in !
favor of Mr.. Egan, and are making /
preparations to descend upon him if /
he is confirmed with propositions to eff /
feet q settlement of his headquarters I
in that city. It is said also that Ogden
anu 1OCOlGilO nave Ildte some move I
1nent in that direction, meaning that
Salt Lake shall not get the plum -cyith- !
out at least an effort. Bonuses of good
sizeG amounts are talked about But
al this push and energy viii probably |
go to waste.
IF the Trust company secures the |
lines 1t intends to locate the seat of /
government in Salt Lake city, not as a
matter of bonuses. but for the simple
reason that Salt Lake combines
the elements necessary to
good site for headquarters. If given
good service and rates in its favor
instead Of in Denver's favor, and |
trains run for the benefit of the local
people instead of for the benefit of the
peoPie of large cities east and west. it
Wlll De the natural center and shopping
place OF all the region reached by the
system. 1t viii be in closest
uhsch with all the tributary country
sndSfhe management of the road will
be ssftter able to shape its policy.
Worth Fighting For.
The headquarters of the system.
however. is well worth fighting for. If
Salt Lake should get them it would be
of immense Importance to her devaIon-
yaeni. All the general offices would be
heated here, Of course. and of pal~tic
ular Importance would he the great
shops of the system, like those of the
Union Pacific now located at Cheyenne.
The general superintendent and the +
opera ting force would also be brought
here, instead Of being in Ogden as they
are now. The headquarters Of the au-
ditor, with his good force of clerks,
would be here, instead of in Omaha
The treasurer would also be here and
The money of the system pass
through hands in Salt Lake city, in
stead of Omaha. Passenger and
freight agents would also shape their
xeelicy here and have men from all
.,ar-ts Of The country tributary to the
road dRrning in TO talk with them and
make - city their headquarters, in