The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1879-04-18
State Historical s0''''~

first interview that if this was your ulti
matum, we should be compelled to with
| draw. You finally yielded this point, II
admitted by Col. Potts and yourself, anC
we agreed TO stop construction from Pu
eblo to Canon City, and from Pueblo IL
Denver, and you agreed to stop construc
ton from Canon City to Leadville, We
to build narrow gauge from Canon City
which was not agreeable to our people
| after we had purchased steel rails and
made all our plans for standard gauge
so far we agree.
Did your committee contemplate al
that time that we should pay your com
pany for the right or privilege to build
this road? If you did, why did you moi
raise that question then and talk terms
If Palmer had contemplated this when
he came on to carry out your agreement
why did he draw the clause in the Spear
agreement that we should pay for any OF
his construction and materials which we
should appropriate, and why did he agree
to the clause in the lease which provides
for the manner in which earnings on this
part of the line should be divided be-
tween the Denver and Rio Grande and
the Pueblo and Arkansas Valley between
Pueblo and LeadviIle?
The continuation of these law suits
was an after-thought with Palmer, and
under them he is undertaking to wrong
our company, and am sorry to say that
you and Mr.. Potts appear to support him.
MIR. Potts expresses the opinion that
Palmer "will win" This will be settled
in March, and our opinion will not
change the result
l will venture to express the opinion
that if Palmer does win the Atchison
will never buy from the Denver and Rio
Grande the right to build through the
canon at any price; they will submit to
any loss sooner than submit to a wrong
A word in reference to that vote of
the Pueblo and Arkansas Valley that
theywould CONSOLIDATE on liberal TERMS
This vote was offered and passed, and
would have been carried -out IN good
faith on our part, if the law had allowed
but it is easy to see that we might have
differed widely as to what were liberal
terms. l know that consolidation meant
that the Pueblo and Arkansas Valley
must assume the debts of the Denver and
Rio Grand if that road was consolidated
into 1t, but l do not suppose that we
should have allowed anything for their
stock which was practically worthless
When we found we could not consolidate,
then we sought to do the best we could,
and were willing to allow liberal price
for the stock, which we did. Now hav-
ing given for half oftheir stock Pueblo
and Arkansas Valley stock worth in the
market 1915, 900 and agreed to take the
balance and allow stock worth 1915, 900,
or together 81, 100000, General Palmer
and his friends now coolly ask us to
guarantee his bonds, and buy our peace
a secOnd time; it would only open the
door for some new fraudulent claim.
Col. Potts says the Atchison will lose
the canon, and see it for their interest to
buy it, etc; did it ever occur to you that
the AtchisOn has no concern in this
new war over the canon: that if Palmer
wins the suit and any loss falls on our
side, it falls on the Pueblo and Arkan-
sas Valley, and the effects will be to dam
age the Pueblo and Arkansas Valley
stock, in which the Denver and Rio
Grande may be interested to the extent
of about million dollars
After much reflection have come to
the conclusion that there is no course
for us but to flight it out ON this line, if
it takes all summer"
Yours, truly,
THOs. NICKERsON, pres't.