The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-22
A Hundred Millions
Behind the Project
Eastern and Local Capitalists Adopt Ar
tiCles of Incorporation in this City.
Resident Directors VIII Be Kearns, Mccormick,
SmOOt and Keith-Captal of Twenty-Five
Million Dollars.

Cornick. Messrs. Kearns and Keith.
Reed Sm0ot. Frank Knox, Clarence
Mccormick, Supreme Justice Miner, n.
W. Clayton and others, stood about
the lobby discussing the all-absOrbing
topic of a new line to the coast. A
stranger might have believed the 70
tunda Of the hotel had been converted
into market exchange, SO busy was
the scene.
The money represented by the par
ties under the roof at the time was es-
timated at SI25. Geo goo, and if any
doubt existed as 10 the sincerity of the
men in the project the scenes wit
messed should have been capable Of
dispeiiing them.
Senator Clark being too busy to talk
TO newspaper men, AFR. Kerens kindly
undertook the task and attempted no
concealTnent about the company's in
tenUions.
Mr.. Kerens' Statement.
we are going to organize and in
corporate this company and build a
road to the city OF Los Angeles from
the city of Salt Lake said he, land
I believe that about covers it. We viii
incorporate under the laws of Utah.
We are trying to put three days work
into one night, but we hope to get
through with it all right. The direct
Ors of the company viii be chosen at
our meeting, perhaps tonight There
viii be either two OF four resident di-
reCtOrs- and one Of them viii be
Thomas Kearns- We believe it is right
to have the Mormon church represent
ed i'm the board of directors, and Reed
Smoot has been prominently mentioned
for the place. 1 have no doubt that he
viii be selected Mr. " 5 Mccormick
may be third director from Utah,
ia n
Whatever action is taken viii be har-
mOniOus with all interests"
Mr.. kerenS cOU1d not say how long
the fasteners would remain in Salt
Lake. but he does not expect to leave
before Friday or Saturday. His son,
r. &. Kerens, jr., is travelling with the
party merely for pleasure, but all the
others named are connected in some
way or another with the new project,
statements To the contrary nOtWith-
standing 1t was at first believed that
Perry 3 Heath was here merely as the
guest of Mr. Kerens but the statement
was made officially yesterday that he
viii be a stakeholder.
There was a plan on foot to have the
entire party make the trip between
here and Los Angeles overland, but
. this feature must be postponed for q
time at least. Senator Clark is anxious
to reach the coast end win, if possible,
start west at I o'clock today, together
with Mr. Gibbon and J. Ross Clark
/ They are going to Los Angeles. It will
not be many days before the first par
ty of surveyors start from Los Angeles
over the main line, according to Mr..
GibbOn, and after they have reached
Salt Lake it is probable that the over
land journey viii be made.
Met to Organize.
The big meeting occurred after the
Z nF - Terminal M
was after o'clock when Senator
Clark called it to order in the bridal
chamber of the knUtSfOrd, which may
yet become spot Of historical inter
est in the development of the state of
Utah. There were present only those
local men who We're named as directors
and g. Q. WhIttemore, who will doubt
less be the legal representative of the
company at this end. Nearly every
matter pertaining to the organization
was taken up and passed upon, except
possibly q final decision as to the num-
her OF directors there will be, The
meeting lasted until , a. m. and at its
close very little information was OBJ
tainable. MIR. GibbOn explained that
rs President Leighton had not passed
. upon the matters, having missed his
train at Omaha, ii would be premature
+ TO make any announcements as final
He said there was little doubt that
/ everything done would be agreed TO,
but it was Senator CIark's wish that
nothing be made public.
But there is absolutely no room for
doubt on the question of directors. It
was stated by one of the officials ear
lier in the day that ". 5. Mccormick,
/ Thomas Kearns, Reed SmOOt and prob
ably David Keith, would be selected.
F ana the fact that these four were in
& yited 70 participate in the meeting
+ could have no other meaning.
articles Rf FnFDs~gaf1l-9 will
most likely be ready for filing today,
and under a capitalization of $35 000. 600
the fee To the state for filing them viii
/ be S6.250.
I The company has already announced
( that surveys viii be run at once, and
. it is understood that construction work
/ is to begin at the other end of the line
I first.
/ The present gathering in Salt. Lake
F. is looked upon as the most important
{ to the state since the advent OF the
/ Union Pacific railroad