Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-20
MEETING HELD
IN LITTLE Time
Stockholders of Seven Roads Get
Together Between Ten
And Twelve.
RAILWAY CONSOLIDATION.
Utah branches of Could systems Rat
ify Whole Merger of Western"
And Rio Grande.

Formal meetings of seven railroads
We're held in this city 80 vote upon
the consolidation OF the Rio Grande
Western and Denver & Rio Grande
Railroad companies. The railroads
which participated in the ratification,
Tor such it proved to be. and the hours
at which meetings were held, follow:
Copper Belt Railroad company,
1890 o'clock: Tintic Range Railroad
company, 1915 o'clock: Sewer Rail-
road company, 10 o'clock; Sanpete
Valley Railroad company ll;lo
O'Clock; Rio Grande Western Railway
company, 11;45 o'clock: Castle Valley
Railroad company. 1880 o'clock ana
Utah Central Railroad company, II
O'Clock
FIFTEEN MINUTES EACH.
All these companies cover the Titan
acquisitions of the Rio Grande and the
meetings were simple formalities as
can be seen by the 10 minutes given TO
them. Proxies were held by few Of
ficials and voted unanimously for the
consolidation The meetings We're held
in the Rio Grande secretary's OFFICES
in the Judge building. Il. A. Green
wood is secretary OF seven of the com
panies himself The only outside Of
fcials who attended the gatherings
We're c. II. Schlacks, vice president OF
the Rio Grande and Joel r. Vale, gem
eral counsel for the kio Grande. They
and local attaches held all proxies.
WHAT NOTICE SAID.
In the notices of special meetings
called for today the following para
graph contained the reason for the
meeting being called: The meeting
will be held for the purpose of consid-
ering, and confirming or disappearing
certain action of the board of directors
of said company heretofore taken, pro-
viding for the subsection of the COM
pany's railroads, railroad property and
franchises and its other assets ana
property to the lien of the first con
solidated mortgage deed of the klo
Grande Western Railway company OF
date, April 1, 1898. and for the
purpose of taking any LAWFUL
action in relation to the mort
gaging or conveyance of the
company's said railroads, railroad
property and franchises and its othe,
assets aad property, as may. by the
stockholders present, be deemed requ'-
site and desirable
"R. G. w" TO DISAPPEAR,
This paragraph provided in short for
the ratification of the consolidation
yer & Rio Grande systems. The Rio
Grande Western was acquired by Gould
u number of years ago and the two
| have been virtually one ever since. But
In the start the Rio Grande Western
with its coal lands and other rich
traffic producing was bigger div
dend payer than he Rio Grande. For
| this and other reasons the books and
| accounts of the two companies were
| kept separate Now. however. there is
f! to be one road with one set of books.
| About the only change the public will
| see worked by the action taken at to-
| days meetings will be the appearance
| of the ''R G. w" on rolling stock.
Meetings will be held Thursday in
| Denver at which stockholders of TIL,
| Rio Grande Western and Denver &
Rio Grande will complete the consoli-
dation under the laws of Colorado.
| Stockholders viii also vote upon tbs.
$15OO0O,oO0 worth of new bonds con-
| templated