Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-03-25
New York Speculation as to- the
Missouri Pacific.
AS TO THE RIO GRANDE,
option on the Purchase Of the Rio
Graudc Western Expired at Noon
oday-ProbabIy Taken.
Especial to the "News.")

New York, March 25,--The Missouri
Pacihcs plans for the immediate future
are now attracting attention in the fin
aneial district and indications of the
pendency Of important projects In the
affairs Of this system are manifested.
The strength Of the Denver & Rio
Grande and Rio Grande Western stocks
is pointed out as evidence Of the sue
cess Of the schemes which George j.
Gould has been fathering. Advices from
Albuquerque, New Mexico, yesterday,
were to the effect that the Goulds and
Rock efellers purchased to build from
I'll Paso, Texas, to Santa Rita, New
Mexico. and thence to Santa Fe, El
Paso, is the western terminal Of the
Texas a Pacific which is controlled by
the Missouri Pacific and Santa Fe Is
reached by the southernmOst branch Of
the Denver and Rio Grande go that
such an extension would connect the
Texas & Pacific with the Denver q
Rio Grande ana might be used as an
important means of developing great
er Missouri Pacific
The Missouri Pacific Itself already
connects with the Denver & RIO Grande
at Pueblo and Denver Colorado, and
George j. Could has admittedly bought
a controlling interest in the latter road
lie Ia expected TO turn that over to
Missouri Pacific under terms not YET
indicated.
lnasmuch as the Denver & Rio Gran
de directors recently received an OPP
ton to purchase the Rio Grande West
ern and as stock market developments
lead to the belief that that option has
been or win be exercised the project to
build from FL Paso to Santa Fe seems
part Of one big plan TO extend the Mis-
souri, Pacific system not only all
through Colorado but through Utah
and New Mexico as we'll The control
Of the Denver 4 Rio Grande, which
has a traffic arrangement with the Rio
Grande Western even II il has not
arr lged TO buy the latter, assures to
Missouri Pacific an outlet to the Pa
cific coast via ogden which is reached
by the Rio Grande Western ana is also
on the lire Of the Southern Pacific.
The option on the purchase Of the
Rio Grande Western by the Beaver a
Rio Grande in which George j. GO1ld
AT noon today. just what action has
been taken in the matter has not az
this time been made public II is gen
orally conceded among railroad men
here, in the light OF recent events that
the Denver & Rio Grande VIII accept
the proposition at the price set by
President falmer and his associates
II viii be recalled that prior to his de-
parture President Palmer left with the
press NJ SAT- Lake a typewriter state
ment In which he admitted that such
negotiations were under way. but the
result of them would not likely be de-
ternined fot two or three months yet
to come. Should they be successfully
terminated he said that he saw moth
Ing I'm the logic of the situation TO
change the status Of Salt Lake or
Ogden or to iniurously affect
the interests Of anybody In Utah.
Local officials are naturally very in
terested in the outcome Of this second
big consolidation In which Utah rail-
roads are interested. II is not generally
Thought that if the ABSORPTION does
take place that the Western viii lose
IFS identity. That there may be radi-
cal changes In the personnel Of some OF
the officers is anticipated. but the of
fees here will remain for some time TO
come. if they are disturbed at all. That
this move has been anticipated for some
time past goes without saying, as the
Amendment of Missouri Pacific officials
over the heads OF the local men in the
general offices Of the Western here tes-
tifes
Inquiry at the Rio Grande Western
general Offices at a late hour this after
noon ELECTED the information that while
there had been no definite news received
from New York that the Denver & Rio
Grande would undoubtedly accept the
proposition Of taking over the western
today.