Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-09-11

ton OF the main line, the interest upon
ils first mortgage bonds. and after
Aug. /. 1911 certain installments due
upon Its sinking fund For all ad-
vances SO made they are to receive the
promlssory notes Of the Western Pa
cihc Railway company payable out Of
rs irst available income. These adj
yauces ON the part of the Denver g.
Rio Graude Railroad company and the
Rio Graudc Western Railway company
VIII be made only IN the event and TO
the extent that the application ~ the
proper available income Of the West
crn Pacific Railway company is insult
tcient to meet the aforementioned
obligations which contingency IS re-
gardcd az remote.
h. G, w. HEAVILY INTERESTED
Third Under the contracts with
the Western Pacific Railway company
the Denver s. Rio Granda Railroad
company has now received 100. 600
shares OF the capital stock OF the West
orn Railway company has received
10000 shares, and win, upon such In
crease Of the capital stock receive an
additional 10000 shares.
Upon the completion Of the increase
OF capital stock. the Denver & Rio
Grande Railroad company and the Rio
Grande Western Railway company
VIII, together. hold IN their treasures.
100000 shares OF a par value OF $50,
O00,OO00 90, out OF total capitalization
of the Western Pacific Railway COM
pany Of 100000 shares. OF par value
OF S75000O0 co. This VIII place your
company In the absolute control Of the
Western Pacific Railway company,
without any immediate money outlay.
and with only a contingent liability for
the future.
you should he advised that the en-
tire Issue OF first mortgage bonds OF
the Western Pacific Railway company
may I've called in under the terms Of
the mortgage. az any time prior to ma
turlty. az l0J per cent Of face value
with accrued interest
TRAFFIC. AGREEMENT.
In further support Of the financing
Of the Western Pacific Railway COM
pgny and for the purpose Of assuring
II % fair share Of transcontinental
traffic, one Of the contracts above men
toned between the Denver & Rio
Gu3ude Railroad company and the Rio
Grande Western Railway company OF
the ono part and the Western Pacific
Railway company OF the other part,
also includes traffic agreement, Pro.
vision is made for "a Joint through line
of the Denver & Rio Grandc. Rio
Grandc Western and Western Pacific
railways. This arrangement Is not
only Of great advantage 70 each Of the
companies participating in such Joint
through line hut it also assures the
Western Pacific Railway company
lucrative business and good earnings
so coon as It's main line Is put in oper-
alton.
NOW \ CERTAINTY.
Tho construction Of tho Western
Pacific Railway compauy's line IL now
a certainty and ITS completion within
The next three years is confidently an
ticipated
THE Pacific coast traffic is already
very large and Is rapidly growing. IN
view OF the greatly increased volume
of this traffic that viii be carried over
your existing lines so soon as the new
railway is completed, and in view also
OF the advantages 20 be derived from
the development Of local industries and
the opening up Of additional markets,
the Importance and value Of this new
artery of CON mcrce to your system Of
railway and TO your Utah Fuel COM
pany can hardly be overestimated.'