New-York tribune., 1879-12-10
BUSINESS INTERESTS.
A NEW PACIFIC LINE PROPOSED.

A NEW PACIFIC LINE PROPOSED.
AGREEMENT BETWEEN THE ArcHisoN, TOPEKA AND
SANTA FE AND TuE sr. LOUIS AND SAN FRANCISCO
ConPANiEs-Tn. PROPOSED ROUTE THROUGH
NEw-MrxICO AND ARIZONA.
The agreement which was executed at Boston on
Saturday between the Atchison. Topeka and Santa
Fe and tho st. Louis and san Francisco Railroad
Companies, will result, 1t is claimed by friends
OF the enterprise IN tho building OF an
other route to the Pacific Coast. The 1T.
Lonis and San Francisco Company succeeded, IN
September 1876 TO the chartered rights of the Allan
nc aud Pacific Road. which was organized
under an act Of Congress passed in 1866. Its line
from Pacific Mo-. few miles west of st. Louis to
Vlnltn in the Indian Territory, q distance OF 327
miles was opened III 1871. branch from Pierce
City. No, to Wichita. Kan. has nearly been COM
peted. which VIII give connection with the Newton
Branch OF the Atchison. Topeka aud santa re Road
The southern extension of the latter road has been
completed to Santa Domingo. few miles beyond
Los Vegas in Mexico. 1t reaches there the
route of the old Atlantic and Pacific Road. which
crosses New-Mcxico, Arizona and California to San
Francisco. The route has been surveyed bu, no
The union of the two roads has been contemplated
for several months. and the recent agreement, II
carried out. is practically consolidation Ill the
building and operation of the proposed line from
Albuquerque. Ncw-McxcO. to San Francisco, and
from Nlnita TO connection Win that line. Inc
agreement has not yet been approved officially by
the directors Of the companies, but the friends OF
the enterprise assert that there is no doubt of the
favorable action of the boards.
James Baker. vice-president of the 81. Loris and
San Francisco Company. said on Monday that the
proposed roads from Albuquerque To tho Pacific
and from NinIta. were to he buit jointly BY the two
companies under the charter of tho Atlantic and
Pacific Company. The distance to the coast from
Nnta by the proposed lines is about one thousand
miles and these roads TO the Pacific mortgage
of $25, ,OOO, 900 would 10 Land. One-half of tins
sum il was proposed to negotiate abroad and the
remaining half would be divided equally between
the two companies. The bonds would bear per
cent interest The directors of the Pacific Company
wOnd he selected equally from the two companies:
lie expressed hope that the line westward
from Albuquerque would be completed within
two years. The Nlnta extension through the Indian
Territory, he did not expect would be finished Tor
year or two later. half interest in the charter ana
stock of the old company. which were controlled by
the ST. Iouis and San Francisco Company, has been
given under the agreement, TO the Atchlson
Topeka and Santa Fe Company Mr.. Baker de
clined to-day to make known the consideration OF
the transfer He claimed that the land grant TO
which the road would will be entitled under the
orginal charter amount to about AZ 000, 600 acres
Persons familiar with the proposed route say
positively that the extension to the Pacific Will
never be completed that the passage of the noun
tain ranges Will be found difficult and costly. They
say also that the land grant is Of much less value
than claimed Tor il by the officers of the ST. LOUIS
and San Francisco Railroad.