Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-09-26
$25,OOO,OOO Increase to be Made
In Stock Of c., NJ. & ST. P
ENTER COOS BAY EMPLOY
Several Members OF san Pedro Ingi-
neeripg Department Leave
For Oregon.

Dame Rumor IS again busy regarding
the San Pedro, Los Angeles and SAT-
Lake railroad, which was incorporated
IN Salt u.alSe three years ago at when
time the promise was made that II
would be completed In about Two years
time.
This time the rumor is to the eheot
that the Chicago. Milwaukee and 81
Paul is about to purchase Senator
Clagk's rights to the road for the con-
sideration Of S5,0OO0OO, The story
comes in the form Of an Associated
Press dispatch, which is as follows:
THE LATEST STORY.
1t was announced on good authority
today, says the Chicago Daily News
that $4,000. 900 increase Is TO be made
In the capital stock Of the Chicago
Milwaukee and st. Paul road. This
additional stock viii be issued 10 stock
holders at par. 1t Is supposed that the
Increased capitalization Is for the pur-
pose OF acquiring Senator Clark'a rights
In road which Ia planned for construc-
ton between Salt Lake and Los An
geles. The st. Paul lines with the
Gould roads gives this combination
route to Salt Lake, and the connection
with Senator Clark's project VIII give
the st. Paul an outlet to the Pacinc
coast.
LEAVE FOR COOS BAY.
Locally the San Pedro. Los Angeles
g. Salt Lake road Is doing nothing. the
surveying parties were dlsbanded some
months ago and none remain at the
headquarters In the Mccormick block
save the high priced men. Among the
latest to leave the employ OF the road
are Il. ID. Perkins and George II. Berlin
of the engineers department, who left
Salt Lake three days ago 10 accept po-
sltions IN the engineers department of
the Great Central Coos Bay-Salt Lake
road. In addition several members OF
the survey corps are also now work
Ing Tor the Coos Bay proposition.
HAYWOOD HERE TONIGHT.
Much interest Is being manifested IN
the arrival OF Chief Engineer H. Haw-
good OF the San Pedro road who comes
In from Los Angeles tonight on II. q
w. No. 4, His visit IL thought to I'D
fraught with considerable significance,
and as one gentleman who has been
watching the situation said this morn
ing, ut will mean either the institution
OF active work at this end OF the line,
or else q further disarmament OF tho
forces here who are drawing their pay
aud are just resting on their oars
awaiting the order from headquarters
10 go ahead
WHAT THEY SAY AT BANGOR.
The Bangor Exchange, breezy
weekly that has just started up by
q Portland newspaperman at Bangor
Ore. the terminus OF the Coos Bay
road and the TOWNSHIP recently acquir-
ed by the Great Central, devotes some
81 columns 10 the railroad project.
Among other things It quotes Rev. J..
j. Walter. the newly appointed colon-
ization agent for the Great Central, as
saying that there is considerable slg+
nlficancc to be attached 10 the fact that
the San Pedro engineers are now work.
Ing on the Coos Bay proposition. In
another part OF the paper II IL assert
ed that Clark has abandoned the pro-
jeot OF building the San Pedro road oh
account OF pressure that was brought
10 bear by T.. II. Hartman and he II
now turning his attention to the Coos
BAY road. with Gould at his hack, az
was alleged to be the case in the San
Pedro scheme,