Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-17
WHAT DOES GOULD
PROPOSE TO Do?
Question May Be Answered at
Meeting in Denver
Monday.
PLANS ALMOST CERTAIN.
Apnunl Gathering of Colorado Iucl a
t.,,n s,oclboIdrr. should be- Inter
cstinp-Probatr Actions.

The annual meeting o' the ,''', ''''
fuel A Iron company to De h'ia '"
Dopyar rcxt Monday NiH form 'h IH
torcstinr and significant chapter IN 'ne
industrial hist.r of the west sp'cu-
l,tiop is keen and many changes are
,,rc.tsd A peculiar situation marks
t1o rrDfsrr.d stock and the action to oe
taken ODD this matter Will boz awaited
eagerly As there is said Co Doe some
fbiuq Ike $4,000 past due ON the s'ocN
tba stock is selling on the open market
at figures representing a smaller total
u,au the dividends possible ON the
SHARES. At one time in the past % olNi-
dend OF 90 ger cent was declared ON
This stock. This came from accumui"t-
ed payments. 80 hint is thrown out 'f
to what win be- done this year
TO OBSERVE NEW RULE.
Another matter Of national interest Is
the probable action regarding the could
control of thls company 10 bias been
no secret that the colorado Fuel
Iron company has been an allied In
dustrv of the Rio Graude ana other
Gould lines and as such made no secret
OF doing AN Interstate business ln lts
products when the Interstate com
merce commission got busy in the W'rl
gonre Time ago this alliance or lu uther
,,o,da tbc could control of the manu-
f,rturino concern was one OF the
things probod 90 the bottom. Ana Wheu
the commission obtained thr iutpiua-
ton Ga desired 90 was pointed out lHat
TO continue such am alliance was dl-
rect violation Of the interstate conn
morce act which rules railroad come
paniee cannot have subsidiary cunpan-
ios doiur Interstate business loo any
commodities ANY coal 0r steel CONE
pauies OF any concerns manufacturing
commodities can be- controlled. man-
AGED and owned by railroad COM
psnies so Ions as their products are
devoted To- the use of the controlling
railroads. exclusively.
WILL RETAlN INTEREST.
Under this arrangement Gould can rec
tain his control Of the Colorado Fuel
a. Iron company ID his roads use its
products alone. To adjust matters Co
this now arrangement needs consider
able changing ana oVerhaulng ~ am
departments and accounts. That Gould
viii retain hls interest 300 the concern
the future can DE. with his roads need
ing extensive changes and Improve
ments and additional rolling stock he
needs every bit of steel aud material hD
can get. The great cry of the railroads
throughout the growing west has been
the lack OF rolling stock and facilities
with which Co handle the business
growing in leaps and bounds.
FEW MONTHS LEFT.
TO hold or not TO hold. Is the quos-
tion-and doubtless the problem viii see
n formal action taken al Mondays
meeting Of the concern around which
all Interest centcrs. Gould has until
the first OF this coming January 10
either get out OF the Colorado Fuel or
arrange 10 use its products himself
Unless either one decision or the other
IN reached al Mondays gathering, "A
special meeting viii have 90 be called
within "a short time, but there les little
doubt but that necessary action viii
be- taken at once.
The company is in AN excellent dnan-
cial condition. all interest payments
and liabilities are being met This week
to have q clean slate ready for The
meeting.
LOSING ARRANGEMENT
The details of the companys expert
RADIO a Wyoming railroads viii prob
ably be made public during the scs-
sious. IL is reported the g.. f.. & T. has
lost 81 600 600 as "a result of traffic
agreements with the owners 0f the two
roads mentioned. They were owned by
"a y. g. Osgo0d originally ana were the
kew 90 the control of the g. r. & J.
when John W. Gates made "a nght Tor
f. when thc contest was over Osgooi
is suid to have borrowed money in the
east ou the road letting them pass
out of his hands Doe this way When
the e.. p. & !. was financed fhrar years
ago uudcr the reorganization plan 90
made am agreement with tN, 90 d. and
g. a W. that they should have $500 900
worth 90 business "a year. bur 900 ru tImr
has the business reached that figure
70 keen the contract from eating up
the value OF the roads they won. pure
chased this year by the O.. u. a. o. The
history OF affairs Loading uu Dob tuls
have are antCiuatci hy the curious.
other developments are being awaited
by followers Of the finance game
WIN. HUNTsBERGER HOME.