The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-24
STOCKHOLDERS FAVOR
ROUTE TO The WEST
How the Los Angeles & Salt Lake Road viii Enter
the City.
plan to Build to Garfield TOOele City and Thence South
No Leased Lines.

about two hours before noon. and at
the conclusion of their meeting the Of
ncers OF the development company We're
announced, as given in yesterdays
Herald. Thomas Kearns is president
Perry 5. Heath president and r.
{. kerens. Jr., secretary. They, with
the following, compose the board Of
directors; W. A. Clark, J. Ross Clark,
T. e. Gibbon, w. S Mccormick, 5. 4.
Bemis, r. G. Kerens.
Speaking of the probable investments
or his company, Vice President Heath
said last night: we are capitalized
at $1,000, GOO, but how much OF that we
VIII lay out in mines and other proper
ties I am unable To state 1t will be our
business TO invest. We viii take all
the mining interests offered US at pro-
per ngureS, as long as they appear to
be of worth. This viii include copper,
iron, coal and silver and gold mines.
What properties are acquired in the
iron fields 81 Iron county VIII be under
our supervision as will all others. both
I'm this state and Nevada. We will also
have the location of tOwnsites to look
after"
Trip to Saltair.
At o'clock yesterday afternoon. the
visiting railroad officials were whirled
over The Salt Lake & Los Angeles in a
private car to visit the salt plant in
which Mr.. Clarke Of Missouri is inter
ested, and Saltair. The party was
chaperoned by n. w. Clayton. whose
guests the gentlemen had previously
been at luncheon at the Alta club. They
expressed themselves as delighted with
the trip.
Upon their return to the city the
party took dinner at the knutsfOrd
and last evening they were the guests
OF Thomas Kearns at the opera.
But the best feature Of the trip. ac-
COrding to Mr.. Heath, is now in pro-
gress. It is a duck hunt on Bear river.
The excursion was worked up by
Thomas Pitt and an hour after the
opera was over, the visitors, with
Messrs- Kearns Keith and Pitt, board
ed the special car of Mr.. Kerens and
one provided by Superintendent Calvin
Of the Short Line, replete with guns
and ammunition and canvas suits, for
the north. They viii be up with the
sun at CoTinne this morning and not a
feathered creature is expected to sur
vive the slaughter Mr.. Heath says
there are seven OF eight ducks he fail
ed To get the last time he was out
here That is his main reason for want
ing TO take the trip again. The party
viii return TO Salt Lake late tonight
or early in the morning.
Stock Subscriptions.
II IS interesting 20 tfbte III toAlecLlou
with the railroad incorporation that
while it represents SIS, 600, 600, practical
~ no cash has been put up. Outside
of ". \. Clark and r. 9. Kerens, the
directors paid over 800 each for one
share each Of che capital stock Messrs-
Clark and K erens put up the Los
Angeles Terminal road. their share be
ing 81, 100000 each, divided evenly in
stock and bonds.
But $4,000 of the 25O.O00 shares for
which the railway company is capital
lied have been subscribed for. Who
will take the remaining nine-tenths of
the stock and control of the road is
one of the subjects Of much discussion.
OF course il Is we'll known that the in
cOTporatOrs have sufficient means to
take over the entire capitalization. but
So far as the record shows they have
taken but Oue-tenth and this is paid
for with the property of the Los An
geies Terminal company