Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1879-12-26
4 New line To the Pacific
New York rrlbuno.

New ORR lriNuNe,
The agreement which was execute, 1,
at Boston ON Saturday, between the At
Gibson, Topeka and Santa Fe and the
ST. Louis and san Francisco railroad
companies, viii result, il is claimed by
friends OF the enterprise,in the builaing
vt another route Ia the Pacific coast.
The st. Louis and San Francisco com,
pauy succeeded, in September. 1876, To
the chartered rights OF the Atlantic and
Pacific road, which was orSaniaed I'M.
Der an act of congress passed in iS66.
Its line from Pacific, Mo-, few miles
west ot St. Louis, To Ninita, in the In.
dian Territory, distance ct three hun.
dred and twenty-seven miles, was open
"a in ISL, \ branch from Pierce City,
Mo, 10 Wichita, Kan, has nearly been
competed, which will give connection
with the Newton branch OF the Atehison
Topeka aud Santa Fe road. The south,
ern extension vi the latter road has
been completed to Santa Domiugo, n
few miles beyond Los Vegas in New
Mexico. Il reaches the route o( the old
Atlantic and Pacific road,which CROSSES
New Mexico, Arizona and California to
san Francisco, The route has been sur
Veyed hut no part ot it built,
The union OF the two roads has been
contemplated for several months, and
the recent agreement, if carried out, is
practically II consolidation III the build.
ing and operation of the proposed line
from Albuquerque New Mexico, to San
Francisco, and from Ninita to oomec.
ton with that line. The agreement has
not yet been approved officially by the
dire ctorS " the companies, hut the
friends of the enterprise assert that
there is no doubt OF the favorable action
OF the boards,
James Baker, vice. president of the
st, Louis and SAN Francisco company,
said ON Monday that the proposed roads
from Albuquerque to the Pacific, and
from Ntnita, We're To he built jointly 10y
the two companies, under the charter OF
the Atlantic aud Pacific company. The
distance to the coast from Niuita by the
proposed lines is about one thousand
miles and on these roads mortgage oi
S25 100000 would be laid. Onc.hslf OF
this 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 Pa.
ciho company would be selected equal
" from the two companies.
He expressed u hope that the line
westward from Albuquerque would be
completed within two years. The Nini.
tn extension through the Indian Terri.
tory, i've did not expect would he fin.
ished for year or two later. A
half interest in the charter and stock OF
the old oompany,which were controlled
by the st. Louis and San Franciso com.
pany, has been given, under tho agree
ment, TO the Atchison, Topeka and san.
IA Fe company. Mr., Baker declined
to-day to make known the consideration
of the transfer. He claimed Tint the
land grant To which the road would be
entitled under the original charter
amounts to about forty-two million
acres.
Persons familiar with tho proposed
route say positively that the extension
to the Pacific will never be completed
that the passage of the mountain ranges
will he found difficult and costly. The,
say also that the land grant is of muol
less value than claimed for II bv tn,
officers of the 81. Louis and San Fran
cisco railroad.