The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-22
RYAN AND BELMONT
IN BIC Ut All DEAL
New York MilliOnaires Turn
Their Eyes Toward the
West.
BERESF0RD HOPE MAKES
GOOD" ON CREDENTIALS
This Means That Second Big
Company Will Incorporate
at Once.

The immediate Incorporation of tho In
ternational Trust company, through which
Will be financed the $25,00O,0o0 lntermoun-
tain Consolidated Railroad company,
which purposes TO build an electric road
from Devan. Utah, TO Preston, Idaho, Is
now ASSURED.
What Caused Delay.
The incorporation of the trust concern
Of the fact that Bcresford Hope. young
Englshmnn. who has taken an active
part In the formation or tho two big
companies was recently violently as
sailed by n morning paper In this city.
which declared that MIR. Hope WAS not
authorized to represent certain European
capitalists, whom he claimed TO be acting
for.
Requested Investigation.
Immediately after this spasm. on tho
part OF tho paper referred to. Mr.. Hope
asked the incorporators OF the proposed
International Trust company to appoint
a committee to examine his credentials
and report as to whether or not he had
authority to represent foreign capital. as
claimed by him.
Hope "Makes Good.D
This committee consisted of DAVID Ec-
cles, OF ogden. and Lafayette Holbrook.
OF Provo. who reported Monday after
noon that they had examined MI Hope 8
credentials and found that he was au-
thorizec TO represent tho European cap
ltalistS, whom he claimed to be acting
for.
Report Is Adopted.
Tho report of the committee was
promptly adopted and 1t is now ar
rounccd that the trust company would
Immediately be Incorporated under the
lon Of .V,Is nl 90 f,.t,a
concern Will be $4,000 In $40 shares, ana
II Will be in the nature of a banking in
atitutlcn. through which the big lnter-
mountain Consolidated Railroad company
WIN be financed. the formation of the
trust c. mpany being insisted upon by the
foreign lncorporators of the railroad coT-
pany. The incorporators of the two COM
panies, IL is said, are virtually Identical
Interesting News From East.
In line with the formation OF these two
big things may be expected. such as the
taking over of the street car lines OF Salt
Lake and Ogden, together with tho light
and power plant OF the Utah Light and
vas received from New York Monday, TO
the effect that the Ryan Belmont inter
csts are preparing TO invade the West
Buying Church Interests.
According to this Information. the Ky
an-Belmont people. aided by some of the
rope. rotably the Rothschllds. ara about
TO buy >he Interests of the Mormon
church in the Utah Light and Railway
company Of this city, as well as the prop
erty OF the Ogden Rapid Transit COM
pany. at Ogden. 1t Is also said that +,
a. 3. Wldener, the Philadelphia street
cur maGr6te, is In the deal.
Ryan and Belmont Represented.
The report. so far as 1t relates TO the
Ryan Belmont people, was confirmed BY
u wcll-known Salt Lake man Monday
night. who said that he knew that GER
tain incorporators of the lntermouutain
Consolidated Railroad company and the
international Trust company were rep
resentng Ryan and Belmont.
In Line With Announcement.
This information from the East is ex-
ectly In line with the announcement made
by The Tribune some days ago, to the
effect that the Mormon church had part
ed with Its interest in the tIeet railway
company and lighting and power plants
In this city and county to the lntermour-
tsin Consolidated Railroad company.