The San Francisco call., 1905-06-23
Engineer Bogue Says
Road Will Cost
$45,oO0,oO0.
Projectors Clear the
Way for Construc-
ton Work.

t, At a stockholders meeting of the
Western Pacific Railway Company, held
In this city yesterday, the directorate
of the corporation was reorganized
with Edward Il. Jenery president, a
100000 bond issue was formally
ratified and other steps were taken
toward putting the company ON a arm
basis preliminary to carrying ont the
gigantic project of the GOulds and their
associates to give another outlet to san
Francisco by n new trans-eontinentai
route.
The meeting was the most important
that has been held by the Western Pa
cific people. 1t lasted the greater part
of the day and accomplished enough 70
satisfy the most skeptical that the GoudS
are preparing 10 carry out threat, made
several months ago in New York. to give
the Hartman lines the hardest fight they
have ever had for supremacy in the
Western traffic business During the
meeting it was announced that the bonds
of the company had been oversub-
scribed many millions of dollars and TO
this statement was added the Information
that among the prominent subscribers
are: John D. Rockefeller. the Goulds and
Edwin Hawley.
These men. it is was stated, had each
subscribed 10 per cent of the necessary
capital for the construction OF the new
engineer
Inmates showing that IL would cost S4o.-
900 900 TO build the line between San
Francisco and Salt Lake City and prop
erly equip il, and of this amount IL was
announced that s15. 900 would be ex-
pended in the construction of the most
difficult part of the road from Oroville to
the point where 1t will pass beyond the
border line Of California
JEFFERY MADE PRESIDENT.
oh n o6i "a
to to-day, practically terminated a weeks
hard work. during which half dozen
LAWYERS. most of whom represent the
GouIds and the New York bankers imam
ciering the new enterprise, worked dill
gently in an endeavor to straighten out
many legal entanglementS that stood in
the way OF the reorganiza ton OF the COR
poration.
This work was accomplished only after
the recently elected directors. among
them Edward t. Jeffery. had resigned in
order to make previous acts OF the orig
inar directors legal Finally yesterday
Walter j. Bartnett. the president OF the
road, called the stockholders together and
an election that Immediately followed re-
suited in the selection of the following Of
fcers. Edward T. Jeffery. president;
Walter Bartnett, vice president and gen.
eraI counsel; Jesse WHITE. vice presidents
Virgil G. Bogue. vice president and chief
engineer; j. DalzeII Brown. treasurer The
following were chosen to complete the
directorate:\ H. H Yard. Warren Olney,
]. +. vaile. Franklyn w. NJ Cutcheon.
w. ]. Shotwell and A H. CaIef.
The newly elected board of directors il
made I'D chiefly of Gould representatives.
who include Jeffery, now president OF the
Denver and Rio Grande road. Bogue. who
! is Gould consulting engineer White, the
assistant treasurer Of the Denver and
Rio Grande road; Vaile. the chief coun-
- -.
made the first surveys for the Western
pacific in California and got valuable
rights of way for the new enterprise.
Calef who is treasurer for the Missouri
Pacific road, and Shotwel. the local gem
eral agent Of the Denver and Rio Grande
Railway. Bartnett and Brown represent
local interests Cutcheon, who Is pron1i-
nent lawyer of New York. represents the
bankers of that city, who have under
taken to finance the Western Pacific
BOND ISSUE RATIFIED.
Immediately after the election the d.
rectors took over the Yard properties. the
Indian Valley and the Butte and Plumas
railroads, which will form the connect
ing link between Oroville and the State
line for the Western Pacific, and then
the formal ratification Of the S50.0o000o
of bonds was effected The announce
ment that Rockefeller. the Goulds and
| the Hawley-Huntingto interests had lib
orally subscribed and that sufficient funds
were In hand to proceed with the actual
construction work seemed most pleasing
to the assemblage and was followed by
I a discussion OF the probable cost OF the
\ building work. Construction, however.
| is a matter that will not be thoroughly
/ discussed for at least several weeks. for
! the reason that the surveys or the road
| have not yet been satisfactorily connect
/ ed M by the engineering parties now in
! the field. 1t is nevertheless stated that
! this work will be started at various
noints along the route and contracts
/ awarded to at least half dozen prom
/ inent construction firms, whose represen-
! tatives are now in this city awaiting the
/ consideration of bids
4 After the meeting IL was said that the
new board would resume it's deliberations
/ to-day and would probably hold daily ses-
\ sions for at least another week in order
/ 4, clear the way for the awarding Of con-
l tracts. Great difficulties are expected IN
the building OF the western section OF
/ the road up through the Feather River
\ Canyon and out on TO the meadows to
Reckwith Pass. for 1t Is conceded that
| the territory has furnished an engineer
| ing problem that has seldom been en-
countered in the construction OF railroads