The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-06

THE forecast of the Oregon Short
Line reorganization plans. contained in
/ The Herald of Tuesday morning, came
within an ace of being confirmed was
! the way in which a prominent railroad
/ official cast up the big auction sale in
the course of a conversation yesterday.
L have positive assurance from
eastern friends who are in a position
to know whereof they speak, that there
are two diverse factions after the con-
troll of the independent line, one in
sympathy with the ogden gateway
conditions and the other vigorously
opposed to any action that will antag-
| oniZe the business of the Union Pacific
in the northwest. The reorganization
committee, reports my eastern cores
pondent, is composed almost exclusive
~ of those who are the spokesman
for bondholders largely interested in
the present membranes resting on
the old system. There are two mem
bers of the Committee who are non
commital but whose instructions are
TO use their influence toward indie
pendent policy should the bonded in
terests succeed in capturing the prize,
and this will be accomplished for the
reason that the stockholding interests
of the Short Line are not showing
enough financially to outbid the bond
holders. Therefore, my declaration
that The Herald's representation OF
no ogden gateway is correct and that
Mr.. Bancroft and Mr.. Eccles have al
ready been unofficially selected and
notified that they will step into the
positions of general manager and
traffic manager.
In view of the nearness of the sale,
it may be interesting to sketch few
of the more important details. The
lines transferred by the sale will con-
sist of Gil miles, being parts of the
road extending from Granger in Wyo-
ming, through Idaho to Huntington,
ore; from ShoshOne to Ketchum, Ida,
these particular portions having
originally been designated as the Ore
gon Short Line railway. Again. 466
miles, extending from ogden, through
Idaho to Garrison, Mont, and from
Silver Bow to Butte, called the Utah
& Northern railway. Also 105 miles,
from Salt Lake to Juab. called the
Utah Southern railway; 80 miles, eX-
tending from Juab to Frisco, called
the Utah Southern Railway Extension;
IS miles, from Nampa to Boise. known
as the Idaho Central railway; 81 miles,
from Lehi Junction to Tintlc, with
branch from Ironton to Silver City and
Eureka. called the Salt Lake & West
minus, designated the Utah & Nevada;
five miles, from Syracuse Junction to
Davis county. known as the Ogden &
Syracuse, and finally As miles, from
ogden to Salt Lake, called the Utah
Central.
If the sale is awarded by Commits
sioner Cornish, all of the above prop
erty passes into the hands of new own
ers, free of every incumbranee under
the old system. except the three mort
cages specially set forth in the ad-
VertiSements of sale.
THE SANTA FE.
Atchison, Topeka & Santa Fe shows
an increase of earnings for November
of $127, 261 gross and S152. 4S9 net, while
for the five months from July l to
Nov. 80 it reports an increase of $751;
S23 gross and S1.405. IFS net and that on
IS miles less mileage. If the same rate
of gain were continued during the next
seven months, it would show an in
crease in net earnings for the year
of about $3.370,00G
The suit against this road which re-
suited in the appointment of a re-
ceiver for the lines in Kansas Nov. D.
was on Dec. % dismissed by Judge
Myers in the state district court at
Oskaloosa, the court holding that the
alien land law under which the re-
ceiver was appointed, is not applica-