The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-23
Cars Danger Over

cent Of the total, the amount required
BY law The directors, incorporat tors
ana officers were selected as given in
the accompanying roster. there being a
0arh horse IN the directory from
ttdh- he IS r. ". Clark. Superintend-
ent OF the Ophir Hill mine The other
Two companies, subordinate of course
10 the railroad company, were formed
ana VIII be Incorporated under the
IeadS given. The cxulOra ton cOnDanv
of which Thomas Kearns of this civ
Is president IS not yet fully organized.
AFTER being IN session most of yes
Ierday afternoon, adjournment was
taken until o'clock this morning,
when additional directors in this com
pauy viii probably be chosen. A com
mittee consisting of Messrs. Kearns.
Keith, w S. Mccormick. Kerens. ST.
ana GlDbOn had previously been Sc
icted TO consider the advisability of
TSanlZnS TOR DEVELOPMENT PURPOSES
and the decision was that such
course would be decidedly appropriate
RMS decision reached. the organization
was partially completed.
At o'clock yesterday afternoon Sen
aJor w A Clark and i. Ross Clark
leTt FOR the vest They viii proceed oil
recJly to San Francisco where T E
GibbOn. who leaves today Will meet
them on Saturday, and continue to Los
Angeles Mr.. KerenS and party expect
10 get away this evening.
No Route Selected.
Nearly every matter of the slightest
import mas been discussed by the in
cOrporatCrs since they have been here
DLI a great many questions are yet to
he decided. Principal among them is
that pertaining 10 ne route There are
JhIee available means of ingress into
SAT- LAKE county, and to determine
which is the shortest and most ad-
NdntdgeOuS," as called for in the ar
ucles, Is the perplexing question. No
matter which is chosen, the articles
make provision for a branch to Deem
Creek and another to Cedar CITY, as
Wen as several local branches and spurs
IL southern California. The route will
not be decided upon until the surveyors
have finished their work
That construction work will com
mence at the other end of the line
seems certain, sixty miles of the road
having been surveyed out of Los Ange-
les already, this section being ready
Ior the gra 1ers- Eventually it is the
par 10 work from bOtn ends of the
line and hasten the road TO completion.
but as yet nobody ventures to name a |
date for its completion.
Yesterdays mail brought many of
fers for stock from eastern capita.ists
but Mr.. Gibbon stated that they al
ready have more applications for inter
est in the project than they can take
care of.
Pioneer Square Grant.
Regarding the Pioneer square matter.
Mr.. Gibbon stated yesterday that if the
grant is made, the company is willing 1
10 name IN their agreement a date
when the road will be in operation. and !
also agree that If ever the square is /
abandoned by the company for any
other use than that of a passenger de !
pot The proper ~ shall revert 10 the
city.
The operating officials Of the com /
q fr-r
eral manager viii not, il was stated [
be selected for some time to come.
The Filing Fee.
The fee for filing the articles of in /
corporation of the Salt Lake & Los
Angeles Railroad company with the
secretary of state will be s.. 500 instead !
OF $3.50, as many have believed, even
on the basis Of $50. coo 000 capitaIfza-
ton. Formerly the fling fee for
articles of incorporation was 80 cents
per $1,000 of capitalization, but under
the amended Jaw, which was framed
specially in the interest Of the Organf-
cation OF the Oregon Short Line Rail
road company. the fee was cut 10 p
cents per $1,000 Of capital. the maxi
mum fee being fixed at s.. 500.
In discussing this matter yesterday
Secretary of State Hammond said he
would make an effort TO have the
legislature restore the old fee schedule
Hammond estimates that the
state has lost between S40.0 600 and $50
200 on this account from the Union
Pacific. Central Pacific, Oregon ShOrt1
Line and other railroads, the American
Smelling & Refining company and
arge mining concerns within the lasr
-hree and a half years. None of these
could avoid filing their
articles IN this state whether they
under the laws of Utah or
lot. and ne fails TO see the wisdom
# throwing money away in the man
Ter that has been and is aIowab bic
Inder the law on the pretext of en-
struggling industries.