The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-07-08

= = y 4 = Z I = =
New York. July THE deal be- =
= tween the san Pedro company and y
= the Oregon Short Line company =
y was closed today by the former 3
2 paying the latter between $4,000 y
> 600 and $11.000.000 in cash md tax y
= ing cOnveyanCes for all its lines y
= south OF salt Lake City and the =
= equipment for operating the lines. y
= The San Pedro company viii take =
possession at midnight tonight. =
= This leaves the San Pedro COM =
= pany only 300 miles to build in y
y order TO complete a through line y
= from salt Lake city TO Los An y
= geles Funds have been arranged =
= to complete and equip the system =
= with branch lines as required, y
= without selling any bonds. 70 be =
= ing the purpose of the san Pedro y
= company not 10 OFFER its securi- =
= ties until after its system is com =
= pleted and has been i'm operation y
= for some time. The material for =
y building the system is all con- =
= tracted for. subject TO delivery as =
= required. =
= The San Pedro. Los Angeles & =
y salt Lake Railroad company has =
y executed a mortgage to the Equit- :
y able Trust company of New York =
= or deed of trust. dated July 1, 1903. =
> authorizing an issue of S50.0000O0 y
= per cent ifty-year gold bonds, =
= payable Jan. and July /.
+%&&A+AAAAA@AAA%A+4
TIE Short L.ineSan Pedro transfer
is complete. Yesterday afternoon
the final chapter was written in
q
western railroad history. II was in tbs
shane Of a telegram TO General Man
aeer r. f. Wells from President W. A
Clark of the Salt Lake route instruct
ing him TO take over the j3S miles OF
railroad south of this city which has
been operated by the Oregon Shor'
Line. Later this was followed by tn,
general order given above.
1t was expected that there would be
more time 60 prepare for the change
but the instructions left only a few
hours in which to complete the work
The newly appointed officials of th'
San Pedro had to be notified. th'
agents along the line of the road hac
TO be notified and the stations had t.
be supplied with time tables and othei
stock.
The tickets were all ready for de
livery. but there was no train for tn
ssouth and all these matters had to bl
arranged IN the few hours remaining
before midnight Upon receiving tn
telegram Mr.. Wells called upon Mr.
Bancroft and a short conference fol
lowed. Arrangements we're made &
send out a special train with the tick
cts and other stock.
Special Train Sent Out.
The train left shortly after 3 o'clOcl
nTf.rr fralh ur eli
Auditor Rule Of tie San Pedro: n
Reed. who succeeds G. J. Craig a
travelling auditor for the Short Line
and l. A Munro. chief clerk TO z. w
Gillett. general freight and passenge
agent Of the S'Jit Lake route. As sool
as the train was provided for the fol
lowing telegram was sent out TO agent
of the southern division OF the Oregon
Short Line;
"AI agents and employees Orego'
Short Line Railroad company, south o
Sandy. Utah. and west of Jordan rive
on bennington cut-oH. Possession o
the property of this company, sold {
the san Pedro. viii be delivered to tina
company at u o'clock midnight, tni
Gate. July 3. Your services with tn
Oregon Short Line viii terminate a
that hour. and agents will post the FOL
lowing notice ia all depots I'm the tol
lowing form:
The property of the oregon 9hoi
Line Railroad company. south Of san
dy and including the bennington cut
of west of the Jordan river, has bee
sold 20 the sin Pedro. Los Angeles
Salt Lake Railroad company and wa
delivered 10 that company at midnigh
!, on the 9Th Of July. 1903 aud thereafte
the same viii be- operated by the pun
chasing company
w. n. BANCROFT.
Vice President and General Manage
oregon Short Line Railroad Com
pany.
Discharged and Re-employed.
This order discharged every employ
on the Short Line south of the city an
was succeeded by telegram froi
General Manager Wells which re-er
gagged them. as follows:
ITO ali agents and employees Of ii
Short Line Railroad company south {
sandy. Utah. and west OF Jordan rive
on bennington cutoff Referring
the telegram issued by Mr.. w. II. Bar
croft. vice president and general maj
acer of the Oregon short Line Raiiroa
ccrIpany. advising you that your SER
ices will terminate at midnight, July