The Julesburg grit-advocate., 1908-12-25
REPORT OF SALE
IS CONFIRMED
JAMES J. HILL NOW IN CONTROL
OF COLORADO Z SOUTHERN
RAILWAY.
TRUMBuu TO RETIRE
HILL SYSTEM WILL sE COMPLETE
FROM PUGET SOUND TO GAL
WESTON.

Denver.-The Republican Tuesday
morning says: The sale OF the con-
trolling interest In the Colorado &
Southern railway WAS closed In New
York yesterday and with 1t came the
announcement that Pres. Frank Trum-
bull would resign temporarily from &C.
tive business. The purchaser Is the
Chicago. Burlington & Quincy railway.
better known as the Burlington
Road"
With the requirement Of the Colo
RADIO 4 Southern. James J. Hill con-
trolls four Of the largest railway sys-
tens IN the country. with a total Of
about 23.357 miles. The sale was rat
flied at meeting Of Colorado G. South
ern directors In New York.
BY this deal Hill parallels the lines
of his railroad enemy. e. H. Hartman,
between the Pacific and the Gulf OF
Mexico, and realizes one Of his great
ambitions to put On his rails the bulk
Of the traffic between the Orient and
the Atlantic ocean ports Of two con.
tinents.
This traffic carried from Puget
Sound over the Northern Pacific and
Great Northern roads billed for Gal
weston, will all come through Denver
and be carried south to the Gulf over
the Colorado & Southern. What this
means to the commerce Of this city
can be estimated far into the millions
Of dollars annually.
The Colorado & Southern road will
continue under the present manage
ment. The men who have aided in
building up the system to its perfect
condition are told by President Trum-
bull not to worry about their jobs
that there will be work under the new
owners for more men than are now en-
ployed.
1t is expected the connecting link,
Grin Junction to Thermopolis, Wyom-
ing, Will be constructed at once.
The telegram from President Trum-
bull announcing the close of the sale
was given out last night by w. A.
Webb, assistant to Vice President A.
d. Parker. 1t follows.
New York. N. Y, Dec. 81, 1908.
"A. d. Parker. I'll Cooper building,
Denver. Colo: Mr.. Hawley is just
confirming sale Of Colorado & South
ern stock to the Burlington and is max
ing the following announcement in
connection with same. The Colorado
& Southern lines are In snug shape in
every respect. have held continuous
ly for about seven years very cOnsid-
cradle interest In them; during this pc
riod there have been various vicissi-
tudes of business in the mining states
and severe panic, but the lines have
been expanded in conservative way,
in strategic situation and they serve
a growing county,. so l have always
had faith in them. The net earnings of
the property to which Nj. Trumbull
has given his undivided attention are
first year of his receivership. The prop
erty IS good one, Just as 1t is. but
can see that its future and useful
ness 20 a large territory will be much
enhanced by this arrangement. From
the standpoint of all class of Colorado
& Southern security holders and Of
every community along the line, as
we'll ID from the standpoint of its many
employees, there could not have been a
better purchaser than the Burlington.
particularly because the two systems
are so favorably situated toward each
other, FRANK TRUMBULL"