The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-01
utah COMPANY OWNS
CENTRAL PACIFIC ROAD
Incorporated in Salt Lake With Capital of Eighty
seven Million Dollars.
Thomas Marshall Is PreSdent-Central Pacific System
Transferred Salt Lake Will Be Headquarters

The Central Pacific Railway COM
pany, with a capital stock of sS7. 215. 500
was Incorporated in this city yesterday
With one exception, this is the greatest
corporation ever organized in Utah,
and at this time no mar can estimate
its Importance, or its far-reaching pos
sibilities.
When it is understood that this new
company is formed to purchase and
operate the Central Pacific railroad,
with all its branches, 367.7S miles in
/ all-when it is understood that it's chief
officers are Salt Lake City men. and
that its headquarters win be this city:
when it is understood that this is but
one preliminary step in a movement
that, as one high in authority in the
new corporation stated, means very
much for the future of Utah" and
that special law was passed through
the Legislature TO fit this case; when 1t
is understood that the fOrna tion Of this
| company, with its tremendous capital.
comes on the eve of what everyone
knows to be a great era of railroad de-
velopment in the west. some faint idea
gained.
Southern Pacific Interests
The Herald published dispatch from
San Francisco July Is. to the effect that
at a meeting of the Southern Pacific
stockholders tine capital stock was in
creased from $50, 900, 600 to 5000, 600. 600,
and that this extra stock was To be ex-
changed for Central Pacific stock in
the consolidation of the two great sys-
TENS. This fact, read in the light OF
what has transpired in this city. will
leave little doubt that while the South
ern and the Central will still maintain
their separate and distinct organiZa-
lions. they have. in reality, become two
parts of one great system that will de-
termine in large measure the Industrial
future of the great west. This as
sumption is borne out by the fact that
the chief officers in the new organiZa-
ton formed here yesterday are South
ern Pacific attorneys. 1t is shown by
the fact that for two days last week
w. F. Herm, the chief counsel for the
Southern Pacific. was in Salt Lake in
close consultation most of the time
with Thomas Marshall, the president Of
the new organiZati ton. IT is Also borne
out by the generally accepted under
standing that the New York members
of the directorate of the new company
ton scheme. This does not detract
from the Importance of what transpired
yesterday. Rather. il adds TO that i'm
pOrtance, by showing that Salt Lake
and Utah are to be so closely identified
with one of the greatest railroad en-
teGp-3ses of the day.
Significance to Utah.
If this new organization meant sim
ply the transfer of a railroad system /
from one set of men to another il would !
have but little interest for Utah peO- !
pie. but when it is expressly stated /
that one of the main objects of the /
new corporation is to operate the Cen /
trail Pacific, to buy and build branches /
or feeders. and when il is remembered 1
that engineering corps have for months /
been scattered throughout this and ad- .
Joining states. every man who has I
pinned his faith on the future of Utah !
will watch developments with the deep |
est interest. Just what the next move /
will be or where the next blow will he [
it is impossible a this time to
state. All the movements leading up to
the organization of this company We're
so carefully guarded. such fine diplo-
macy used, that while many felt that
of great Importance was in
progress, no one outside of those di-
rectly interested had the faintest idea
as TO what that something really was
Even now those in authority are as 81
ent as the sphinx as To the real object
IF the organization outside of what il
stated in the articles of Incorporation.
Headquarters In Salt LAKE
All insist. however. that while TO
,hange may be made as to the Ioca-
ion of the Central Pacific shops. the
leadquarters of the Central Pacific
Railway company Will be in Salt Lake
City
operate the Central Pacific system.
ven though it may be an auxiliary to
he Southern Pacific. will permit the
of extensive plans in.the way
II extensions. believed to have been
ong cherished by the latter company
Heretofore the Southern Pacific has
perated the Central Pacific under a
ease, and could not we'll build extern
ions from the Utah end of the line.
because it did not own the connection !
'etween Ogden and San Francisco
While it is not known that any railroad
ullding is in contemplation. shrewd OBJ
ervers have predicted that the Rio /
irande Western would be purchased. | :
nd that Southern Pacific plans even !
contemplated the purchase of a line
through Colorado and southwark to
hc sun SuuS eIClTCllIS the southern |
alf of the great west. Whether the {
rganization yesterday is a first step
\ this programme, and that Salt Lake G
lily VIII be the operating headquar-
erS of great mountain system. are
matters OF conjecture. The articles of l
corporation We're filed for record /.
18th Secretary of State Hammond. The
lcorporators are Charles Steele. Jon I
than c. Royle, Thomas Marshall Da- l
id B. Hampstead. Henry T. Duke.
ohm E. Dolly. George b. Rarstow
eorge NJ. Downey, Douglas o. Nor
an and Robert C. Chambers. !
Officers and Directors.
Yesterday morning a meeting of the
lcorporators was held at the law Office
I Marshall, Royle & Hampstead in this I
lty ana articles of association duly :
ertlned We're accepted and adopted.
Re following directors were elected. =
homas Marshall. j. C. RovIe. David +
!. Hampstead of Salt Lake CITY: and Z
Douglas o. Morgan. Henry RuhIender +
harles ]. Dodd and Richard r. Rogers r
New York City. At a meeting of
lese directors, held also Yesterday
corning, Thomas Marshall was elected
resident of the corporation; David Z
-empstead. secretary: John c. Kirk 4
atrick, treasurer; F. Ruhlender and IA n
: Pyne. vice presidents: John b. Low n
z and F. G.. Crawford, assistant secre h
lries. e;
Railroad Is Transferred. {
1t was Learned that the old Central O.