The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-14
Attorney Farley L. Williams
Talks of the Reorganization.
THE MOST IMPORTANT THING
TO SECURE THE HEADQUAR-
TIERS FOR SALT LAKE.
Our Railroad Law Must Be Amend
ed in Two Important Particulars
to Enable a Company to Organ
ize Here and Take the Short Line
Properties.

''The failure to impress upon the
public the real importance of the Short
Line reorganization" said Attorney P.
l.. Williams yesterday, has been a
source of wonderment to me through
out the mass of irrelevant matter that
has appeared from time to time in
the columns of all the papers. 1t
shows to me that there is a total lack
of intelligent appreciation of the mean
ing of the reorganization or singular
unfriendlineSS toward the project, and
/ can hardly believe the latter theory.
Why, all of the business men of the
city have realized for some time back
what significance this movement pos
sessed. Let me give you the essence
of the news in the reorganization sale.
THE railroad law needs amendment
in two essential particulars to enable
company to organize here to take
over Oregon Short Line property.
The first is authority to such cor
poratiOn to buy an existing railroad.
The law heretofore only contemplated
the creation of railroad companies to
construct railroads. The second to
grant it power to purchase, own and
issue securities upon railroad lines
without the state.
These are the main points embodied
in the bill already introduced in the
Legislature and alluded to in the gov
errors message If such enactment
occupies a portion of the legislatures
time it will mean the establishment of
headquarters at Salt Lake; if not, |
would not presume to deny an incor-
poration under the laws of other states
which grant such privileges.
THE reason for conditions of the
foregoing kind in Utah is that the old
territorial law framed to meet the eX-
1Oin of hot inA n M ont
plate the great strides of future rail-
reading in the west. Circumstances
have wholly changed since then, max
ing it imperative that the law be
changed in these particulars"
Mr.. Williams excused the reticence
of Chairman Carr and Attorney Mich
OILS when here by reminding The Her
aid of the peculiar position which
these gentlemen occupied before and
after the sale. He was also positive
that the business leading up to a COM
plete organization would not permit of
any final appointments until March 1.
Some of those most interested in the
appointments recently announced by
the United Press considered the pub
LEGATION as premature, but were not
disposed to discredit the information
given out by Frederick COudert, EIlery
Anderson, Oliver Mink and j. W
DOane. One official said that the state
mentS regarding the selection Of Eccles
and Burley for traffic manager and
general freight agent had embarrassed
Chairman Carr and Counsel Nichols,
who from all accounts obtainable have
not taken the opportunity of denying
these matters of news. Other confirm
atoms were had of the exceedingly
friendly relations existing between the
Union Pacific and the Short Line. TO
the detriment of the Ogden gateway
problem. One visiting official of a
Vanderbilt line declared that it would
not be one year before the Vanderbilt
interests had secured the control of the
Union Pacific system and the Short
Line prediction made frequently
during the process of the Short Line
sale.