Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-03-26

While none Of the RIO Gronde west
ern officials in this city admit tha' 'hey
have been Officially notified that Inc
Denver & Rio Grande has taken over
the Rio Grande Western and that the
optlon, which expired at noon yesler'
aay, had been acted upon, from dis
patches that have been received nom
New York, the inevitable has happened
and the roads now have the same
status which they bore in 1881 when
they were one in interest, The Denver
& Rio Grande has, according to the
word which comes from New York
taken the Western under It's wing, ana,
as George j. Gould owns big slice OF
the D. & r. G. stock, the Western Is
now a Gould property Mr. Gould put
DIP the price asked and the transfer was
made.
In this connection Judge X. Hark-
ness the Western counsel for the Il. e.
W., left last evening for Denver TO DC
on hand to participate in the iesai
phase Of the transfer
PRICE PAID.
When II comes to the price paid for
the stock, II Is said that the preferred
was taken at above par, and the COM
mon stock at 50. The Rio Grande west,
ern has 100000 shares Of common ana
1000 shares Of preferred stock OF the
par value OF 500 per share. The price
raid Is said to be on basis OF 1lo,-
s15.0V0 for the whole property, or S6,-
100000 for the controlling interest
MILEAGE or THE SYSTEM.
In this purchase are represented go
miles OF track of which but ll.SO miles
are narrow gauge, The mileage con.
slsts OF the main line from Ogden to
Grand junction, 1884; Utah Central
branch, 3ill, Bingham branch l4.lbi
Little Cottonwood branch, 1906, Provo
Canyon branch, $500; Tlnuc Range
Railway, 1878; sanpete branch, 5l.65.
Sewer Hallway, 7O.SS; Pleasant Valley
branch, 25.lS sunnyslde branch, 1870
miles, the balance Of the mileage be-
Ing made UP In spurs, and tramways
10 Bingham mines and to Alta. The
equipment and rolling stock also In
cludes 1906 cars, Of which number
70 belong to the passenger department,
and there are IS engines II Of which
are set-outs.
IN SPLENDID SHAPE,
The Rio Grande Western Ia looked
upon as being progressive road In ey-
cry sense OF the word, and II Is said
that the members Of the Bogue party
Of experts who went over every foot
Of the property some two weeks ago In
the Interest OF George j. Gould, were
loud In their praise OF the physical con-
dillon Of the line. Ever since the pres
ent list OF officials has been at the
head OF affairs directing the helm the
road has been a moneymakerJrom the
word go In 1895 the estimated an
nual earnings OF the Western were ST.
1881 the earnings for the year 1900
footed up to the big total OF s4452,-
sSl, or an increase Of over double the
amount
WHAT Is THE NEXT STEP.
Now that the Rio Grande Western
has been absorbed In "the community |
II interests" everyone here is wonder |
ny what viii be the next step which |
slll be taken. While none Of the officers
)r employees over at the general offices |
IRE suffering from pen paralysis today,
u The same time they are rather an
slous as TO the outcome of the CONSOLE
iati0n and feel that while they were
aughing at the Short Line employees
'ome weeks ago that they are In the
Iame boat today. Misery loves COM
,any. and there have been several ex.
hanges Of condolences on Railroad
Tow today among those who are en-
'cting the role OF Damocles In the hair
suspended sword act. That the "com-
nunity OF interests" Is 10 be operated In
he Interest OF economy before senti- !
nenf goes without saying. Nothing will |
e done possibly In the direction OF cut
ing down the forces before next fall,
ut those affected are beginning TO fore
asst all kinds OF dire calamities In the
ear future, and are prophesying that
Dere VIII not be two sets OF offices
.nywhere TO look after the interests OF
ne combined roads, Not only does this
Meet Salt Lake, but there will be no
.ecesslty OF running general agencies Of
no kio Grande Western and the Dem
er q Rio Grande In other cities OF the
ountry One or the other OF the Of
ces will have to go In every town
here they have representation,
COMMUNITY OF INTERESTS.
The same policy that has been put
ITO operation on the Union Pacific In
agard to the Oregon Short Line and
no oregon Railroad a Navigation com
any VIII also be In vogue with the
ould lines and other roads which are
pe consolidated In the future In the
OF Interests and the uphold
" OF the rates, Not only are the rail-
)ad men In Utah wondering where this
1ing Is going to end, but there are
lousands OF railroad men scattered
irovghout the length and breadth OF
ie United States who are shaking IN
leir shoes and awaiting the sweep OF
le axe; The railroad magnates have
that rate cutting must stop.
hd mat freights shall be equItably al
usd among the roads. consequently
une season there VIII be no use fof
le energetic freight and passenger
lhuer who gets out on the highways
nd byvays and captures the cars OF
eight.