New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-10
HEADS FOR THE COAST.
GOULD,S BIG EXTENSION.
President Jefery Tells Stockholders
of Proposed Plans.

The annual report OF President JeYery 10 the
stockholders OF the Denver>and Rio Grande Rail
road Company, which was made public yesterday.
contains much information concerning the West
en- Pacific Railway Company the Gould system s
extension now under construction from Salt Lake
city to the Coast al San Francisco President
5sSery says. IN part:
For many years while the line OF railway be,
by interests competitive with your system. your
company enjoyed satisfactory share OF the tTaIi9
moving the management between four ana nv nee :
he closer relationship that would be established
with the San Francisco line OF the Southern Pacfc
pEobs6e would result therefron- subsequent events
led 10 unexpected restrictions interchange. and
more o sscrg trac in territory reached by the
southern Pacific line
6evelopment Of the commercial agrlcu!luGat5 1I I
Increase OF commerce with the Philippines. China
srd Japan. led the management. reluctanIy, 20
T = Interest from either Salt Lake City or og-
den 20 San Francisco
The organization Of the Western Pacific was the
result As to the progress which has been made IN
building the new road the report says;
main line has been definitely located, which which
-L-orch the Sierra Nevada range OF rnouHtA MA -
bas maximum gradient OF per cent ta5,o Lee oD
re eiSes of the range with satisfactory align
sHt tEg9qgeou' foqs route Superior 70 any
S--f1e line 10 the California coast -,.,
company co-operared and placed al tce[ oI}- S
surveys and Information at the the cor
.-oI ~ their corporation was transleFle 60 20 ne
Denver saa F 0erfs including about thrTyeight
niles OF railway in operation
~. COMPLETION OF the Western Pacific WITHIN
.ps next three years IS confidently anuclpa'eu
= --sf=c agreement has been entered into oet"ee-
+-s western Pacific and the Denver and Nlo t-Fal1>
= - p4o r-rande Western and provision has
., wade 1or 2 Joint through lire embracing me
three roads ,r-...o--
a mart OF the plan for financing the Western
Pacific Railway President Je4ery says eon'T Tsf
Fomparv trustee of the mortgage securing me
oo9ds were eeG aad 1 1he RI Rio e raade WeseT with
he Western Pacihc, the principal FEATURES OF WHICH
First-1t The proceeds OF the Western Paeiics
HrsT mortgage bonds shall prove insu5EGieF H. 70
Cfsc6 10 salt Lake City. with adequate terminals
and teTainSl -. 5ae6l4es Po crsSd western IN
SeTIsEes to provide sufhc ent funds TO assure me
pe etiSsS Of : the western Pacific 49,.
csta6sSy and he Rio Grands western Hallway
Company, Jointly. undertake 70 maze 9E a- ~
ne -- western Pacific IN the amount required 70
laTes and after conlpleJion Of the main line the
interest upon its first mortgage bonds. ana amer
sinking fund For al advances SO made they are
70 receive he PTosS9rX R9ts5 Fl he ms51s
Tcird-Cnd the contracts with the western "a
6a nov received fe 900 shares of the capital stock
81 the Western Pacc ana upon me e. 66 "a 81
receive an additional 10000 shares In like nan:
rer the Rio Grande Western has received l5NoJ
shares and will, upon such increase OF the ca+4ld
sock, receive an additional 80 600 shares ,,+.,
stock the Denver ard Rio Grande and the Rio
Erande Western viii together hold II their treas-
u-ies s5oooooo0 fpar value OF the Western Faclc
total Capitalization OF Sl5.cOo,t.o-