The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1901-07-25
ANOTHER RAILROAD.
Possibility OF connec tiou With
the Eureka & Palisade.

the Eureka u PaliSade.
While the people OF Ely have been
anxiously waiting for the advent of a
railroad, they have long since ceased
to look tor any encouragement in this
direction from the Eureka & Palisade,
but the fact is the newly organized
company, which bid in the property at
the foreclosure sale last week, was
formed for no less purpose than to
extend the present line on through
White Pine county, and thence, 1t is
understood, to the coal fields of south
ern Utah, forming connec tion with
some other road, probably the Denver
& Rio Grande, at an available point.
There are at least two strong reasons
why this programme will be carried
out, one of which is that the road, as
1t is at present operated, cannot pos
sibly be made financial success, and
only by opening up new territory and
holding that which has hitherto been
tributary to it, can It hope to maintain
an existence. The other is that under
the new order of things, the Southern
Pacific system Is forced to branch out.
1t needs coal, and at present is Obliged
to purchase, even that which is needed
for its own operation, from rival roads.
The Eureka & Palisade must have the
Ely trade and in order to hold it must
build its road through this camp, as it
is only question OF a few short months
when, If this company does not take
the initiative, another will, even II the
mining companies operating here are
compelled to construct road them
selves
Then the extension of the line on in
to Utah would only he carrying out a
plan which the Ric Grande Company
has long had in view, that of construc-
ting branch line through Salina can
yon, (the only passage in the range in
Southern Utah) to connect with the
main line at Green River in that State.
From Green River this road was
graded several years ago for distance
of about seventy miles, and out of Eu-
reka there is also good roadbed gra-
ded for considerable distance.
The Southern, Pacific, the Rio
Grande Western and the Eureka &
Palisade are now controlled, practical
ly, by the same parties, and there
would be no obstacle in the way of
utilizing the old grades.
The Salt Lake Evening News of Sat-
urday contains the following, which
throws little light on the intentions
of the re-organized Eureka & Palisade
Company:
Late yesterday afternoon the arti-
cles OF incorporation of the Eureka &
Palisade Railway company were filed
with the secretary of state. The arti-
cles set forth that the Eureka and Pal
isase road is about to be sold under
judicial proceeding In the Ninth United
States circuit court, under foreclosure
of a mortgage and that the intention is
to purchase the property and extend
the line in Nevada, Utah and other
states, and to consolidate with other
roads which do not run parallel with it.
| The road at present runs from Palisade
to Eureka in Nevada, distance of
eighty-four miles.
THE capital stock of the new COM
pany is placed at $500, 900, divided into
shares of the value of 800 each. The
articles give the authority to issue
bonds to carry out the plans as out
lined. The headquarters of the CON-
pany are designated to be in Salt
Lake City.
'The officers of the company are: NJ.
l.. Requa, Oakland, Cal, president;
|. w. Helman, Jr., San Francisco,
vice-president; G. d. Abbot, Palisade,
New, secretary and treasurer, The
board of directors include the above
named and 1. II. Moulton, Carl H ABB
bott and IL. H. Taylor of San Fran.
cisco; and Charles Reed and Charles l..
Rood of Salt Lake City. Other incor-
porators and shareholders are r. M.
Fitzgerald of Oakland, Cal, and C. e.
Worden Of San Francisco.
1T is said that the majority of the
incorporators are connected with the
Southern Pacific interests, but none OF
those at present In this city care to
talk regarding the matter.
''The reason assigned for the incor-
poration Of the company under the laws
of this state is the fact that the Utah
Legislature last winter passed favor
able railroad incorporation law. Mr..
Rood is authority for the statement
that the Incorporation has no signih-
cauce whatever in connection with the
interesting railroad fight that is now
under way between the Hartman in
terests and the Clark project of build
ing through to Los Angeles,