The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-01-23
HILL REPORTED IN
CONTROL OF W.

Rumors of the reported absorption
OF the Western Pacific by the Hill in
terests are gaining ground in New
York, according to advices received
in Salt Lake yesterday, and the rum
ors have had tendency to materially
strengthen the market on Denver &
Rio Grande stock. 1t has been rum
ored In railroad circles for months
that such deal was on, but thew
have never been confirmed and it was
thought likely that the deal had fallen
through, but with the election of a
new president for the ID. & r. g.. who
has a reputation for being builder
and one who would not have been se-
lected TOR the post unless money was
to be had for improvements, the road
has long been in need of, the be-
lief has been Strengthened that such q
deal has in reality been put through.
Ihe fact, say railroad men, that the
Denver Rio Grande guaranteed the
bond issue OF the Western Pacific. to-
gether with the interest on the bonds
and that the road defaulted in its last
dividend, using that fund to pay the
interest on Western Pacific debts. il
against th eroad being able to float an
issue of bonds for their own use with
the liability of the Western Pacific
bonds charged against the road.
In Colorado the Hill people have
acquired the Colorado & Southern, Qiv-
ing them a connection with the Bur
llngton to the north and an outlet for
the Burlington on the Gulf Of Mexico
at the south. To the west at Oakland
and San Francisco the Hill people
have bought immense bodies of prop
erty for terminal use and with the
biggest part OF the route provided for
in the coast-to-coast route it is evident
that they wish to further their hold
ings and acquire property that will
close the gap.
Irace Loan to Hill
Another point railroaders bring
forth is the reported arrangements
which have been made for loan of
$l6,O00,O00 by the Mofit road for the
extension of that line from Steamboat
Springs to Salt Lake. Without the
help OF outside interest, these men say,
the Moffat road would have found it
impossible to raise such an amount of
money. The outside interests, they
claim, can be very easily traced to the
Hill people, because of its connections
and its ambition to get transcontin-
ental line through this territory.
Another route that would be FEAST
BILE for the Hill people to connect
with the Western Pacific and the Bur
hngton would be the construction OF q
| road from Salt Lake to Guernsey.
Wyoming. The territory is not as great
a prpoducer from a standpoint Of
business as the purchase of the Moffat
road and the extension of its tracks to
Salt Lake.
| The taking over of the bonds Of the
Western Pacific by the Hill interests
would relieve the Rio Grande of q
load that is getting too heavy for them
II they wish to put their road in shape
for the competition with which it is
meeting at the present time, say local
men in touch with the situation, and
it would allow the Rio Grande to float
an issue of bonds they would be 9TH
erwise unable to place.
| President Bush, accompanied by his
official party, left Salt Lake yesterday
morning on his return trip to Denver
and st. Louis.
From this city the special train con-
veying the party took trip Of sixty
miles over the Western Pacific to al
low an inspection to be made Of the
roadbed and construction. After the
short ride over the Western Pacific the
party spent a few hours in Ogden and
then departed for Grand Junction, Col
orado.
At Grand Junction the party will
leave the special train and travel over
the narrow guage lines and branches,
According to President Bush the mar.
rowguage lines will be standardized
before 1915 if the business to be de.
veloped is found to warrant the ex.
Ipenditure of money necessary.
One of the first things to be done by
the new president is the appointment
of general manager and this will be
followed by the purchasing of new
and more modern motive power for the
Rio Grande.-Herald-R Republican.