Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1914-01-21

eventually between $l5,0OO,00a and
s20,0O0,000. This money will be used
In extension and Improvement in the
development of the Key Route term
inal facilities and in the payment of /
outstanding obligations of large i'm
port.
TO PAY ALL CREDITORS.
Thus will be brought to a happy
solution one of the most difficult
tangles in the financial history, not
only of the State, but Of the country.
All of the creditors will be paid, the
railroad properties will be developed
and no loss will accrue to the stock
holders and those who have invested
their savings in the various securi-
ties. All Of the litigation now pend
ing in the Superior and Federal
courts against F. M. Smith or the
United Properties company will be
dismissed and no further efforts made
TO hamper the putting through of the
financial deal which has been ac-
complished after months of figuring.
George G. Moore, who now takes
over the control of the San Fran
ciseo-0akland Terminal railways, has
been a prominent figure in financial
deals In this country for several
years He came here originally to
put through the National Ice com
pany project. He brought about the
consolidation Of the Detroit Street
railways, as well as those cf Atlanta.
Ca, financing the deals with his own
and English money.
TO FINANCE OTHER COMPANIES
1t was arranged that Moore should
purchase the railroads and that if he
We're permitted to do that. he would
make an arrangement with Hanford
and the Hanford Investment company
| looking to the financing for Hanford
and Tevis of their other companies
Moore has taken over the control
management and operation of the
railway segregated from the United
Properties company He has to come
in and take care of all the problems
| of the road He must meet every OBJ
legation Of the San Francisco-Oa
land Terminal railways as 1t accrues
and when in the latter part of 1914
the large short-term note obligations
involving three and a half milllol
dollars, become due, he will have I
pay them.
The transaction, in concrete form
is as follows:
The producing of from $4,000. 90
to $20,OOOOO0 for the purchase an
development of the San Francisco
Oakland Terminal railways, which II
eludes the Key Route and the Oal
land Traction company.
The unmerging of the Unite
Properties company and the sepera
ing of the San Francisco-O Oaklan
Terminal railways from 1t, to b
operated and controlled by George {
Moore.
: The bringing about of a settlemer
Of the disputes between F. NJ Smitl
r. G. Hanford and William S. Tevi
, and the resulting lawsuits filed frol
-. time to time by Hanford and his a
sociates
The segregation of the railroa
) from the other corporations so thi
4 their financing could be handled as
separate problem from the financir
Il of the United Properties company
|, The giving of real present vail
4 to the preferred stock of the ra
l. roads in the hands of creditors.
/ The due obligations of the ra
roads to be taken care OF at matnrit
The requirements of the K
: Route and the Oakland Traction co
pany, the East Shore and Suburbs
y railway and the growth and develc
;" ment of the railroad systems will
taken care of.
- The stock thus sold as paymer
are made from time to time. "
thereby liquidate the Indebtedness
- +. NJ. Smith and the Realty Syn
u cate on collateral notes where su
! stock is pledged
N II tends to give fixed vauati
at 70 the stock still remaining in I
In ownership of f. NJ Smith due to
ne financing of the railroad