Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-11-22
purchase Of the Oregon Short Line
track and right OF way
ROAD IS A SURE GO.

purchase Of the Oregon Short Line
track and right OF way
ROAD IS A SURE Co
Hon. Perry S. Heath OF Washington,
when seen after the meeting this alter
noon told the story Of the business that
had been transacted during the brief
stay OF senator Clark IN this city.
Yes IL Is a sure go. he said In an
swer TO a query on the part OF the re-
porter. There has been a big amount
OF business transacted In the short
space OF time that we have been
together. The railroad company
which was organized this morning.
and the papers which We're signed rep
resent an enterprise which Will be
pushed to completion. Roughly speak
Ing, the Los Angeles and Salt Lake
Railroad company means LOO miles OF
railroad, II absorbs the Los Angeles
Terminal company With It's 50-odd miles
OF track. rolling stock, two miles OF
wharfage along the san Pedro harbor
with some 5000 acres Of extremely val
liable lands IN addition. This Will be
turned over bodily TO the new company
the consideration being b.0l0.O0O. two
aud-one-half millions being I'm stock or
IIlt IAIIINAN Company NNA AAA' NAAtNt
two-and -one half millions In per cent
bonds.
"Just as soon as the transfer Is made,
work will be started at once upon the
extension OF the line from Los Angeles
to Riverside. a distance Of about nifty
miles. This will cost, with the other
improvements on that line, in the
neighborhood OF 100000 which Is
ready and waiting.
CONSTRUCTION COMPANY
FORMED.
"At the meeting this morning 1t was
also decided to incorporate cOustruc-
tion company, under the name Of the
Empire Construction company, with
81 900, 600 capital, 100000 OF which Is al
ready paid up. This company will do the
constructing of the entire road from
Los Angeles 10 salt Lake, ana Will be
paid In bonds, j. Ross Clark was
named as the president OF the company,
with T. +. Glbbon as the vice president.
The details Of the organization OF this
company viii be gone INTO at the meet
ing here this afternoon at o'clock.
To an inquiry as TO who would be
appointed general manager OF the
company, Mr. Heath was non-commit-
tai.
DEVELOPMENT COMPANY. TOO
Speaking further he said, There will
be also another company organized this
afternoon which will be a development
company II viii be organized with
the same directory and stockholders as
the railroad company. and VIII take in
all the townsitos. real estate. coal and
mineral lands, the property of the Los
Angeles Terminal road as far as realty
is concerned. and everything connected
with the developing Of the rich country
through which the railroad VIII pass.
This company will be organized with
capitalization Of $4,000 900, and now has
on hand 81 100000 cash for immediate
use. Thomas Kearns viii be president,
myself vice president, and Mr. kearns
son secretary.
QUESTION OF ROUTE.
Among other business transacted at
the meeting was that authority was
given 10 Mr.. j. Ross Clark. Mr.. Gihbon
and other directors OF the railroad COM
pany 70 determine which Of the two
routes between Los Angeles and River
side should be selected, and 10 let con-
tracts upon the construction at once.
Inc route Will ue stAtlAth Abhds lAVHt
the final surveys and the contract
awarded at as early a date as possible
Just which route would be taken into
Salt Lake Mr.. Heath was not prepared
TO state at this time. He was very en-
thusiastic In regard 20 the outlook for
Utah and emphatically stated that the
road would be built without any UNI
necessary delay.
In course OF further conversation Mr.,
Heath stated that at the meeting this
morning that the subject OF the advlsa-
bility Of purchasing the Oregon short
| Line branch line was brought up before
those present and the subject fully cam
| vassed. Engineer Mccarthy was called
In and his opinion upon the matter
/ asked. From the advice OF the engt-
| neer Mr.. Heath stated that there was
/ a disposition on the part OF the incor-
| porators not to purchase but to build
| their own line into the city as 1t was
| not deemed that the oregon Short
! Line would be looked upon as a great
1 competitor OF consequence.
PRESIDENT LEIGHTON TALKS.
oI am more than satisfied with what