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 Will Enter
the City.
Plan to Build to Garfield, TOOee City and Thence South
No Leased Lines.

about two hours before noon. and at
the conclusion of their meeting the Of
hcerS Of the development company were
announced, as given in yesterdays
Herald Thomas Kearns is president,
Perry 5. Heath ViCe-president and r.
&, kerens. II, secre tary. They. with
the following, compose the board of
directors: W. A Clark, J. Ross Clark.
I. Z. tSibbOn, ". 5. Mccormick, $. a
Bemis, r. c. Kerens
speaking of the probable investments
OF MS company, Vice President Heath
said last night. We are capitalized
[ $4,000, 600, but how much of thai we
viii lay out in mines and other proper
ties ] am unable 10 state 1t will be our
business to invest We viii take all
the mining interests offered US at pro-
per hgUres as long as they appear 10
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 he under
our supervision as viii all others, both
IN this state and NeTada. We viii also
nave the location of townsitcs 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 10 visit the salt plant in
which Mr.. Clarke of Missouri is inter
ested, and Saltair, The party was
chaperOned by \, W. Clayton, whose
guests the gentlemen ] previously
been a luncheon at the a ub. They
expressed themselves as dehs ed 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-
COrGing to Mr. Heath. is now in pro-
gTess. 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, TepIete with guns
and ammunition and canvas suits, for
the north They viii be up with the
sun at C0Tinne this morning and not a
feathered creature is expected to sur
viVe the slaughter Mr.. Heath says
there are seven or 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 TO note III connection
with the railroad Incorporation that
while il represents $25, 00O, 900, practical
ly no cash has been put up. Outside
of ". a. Clark and r. G. Kerens, the
directors paid over 500 each for one
share each OF the capital stock. Messrs.
Clark and kerens put up the Los
Angeles Terminal road. their share be
ing $2.50O,0OO each, divided evenly in
stock and bonds
But $4,000 of the 25O.OOO shares for
which the railway company is capital
lied have been subscribed for. Who
viii take the remaining nine-Ienths of
the stock and control OF the road is
one of the subjects of much discussion.
OF course it is we'll known that the in
cOrporators 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
geles Terminal company.