The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1879-12-25

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~ + - e and santa Fe,
~ axk rcticcu. co.,
c. - -. ~ with the Saint
d -; SnnciscO, hare caused
81 r - to b. made in this
~ 81 ~, beinS goaded by
tb4 80 speculative statements
pkliA1 lily q EsstsQ papers.
'zrhey ~ TIT : p1qp6daa{sd of the
fao roa5b hae never - taxed of by
those interested IN the negotiations,
nor has the Chicago and Alton railroad
been any party TO. the arrangements.
The formal doruInents OF agreement
have not vet been signed, and there are
many details yet TO be Considered.
Therefore. the officers of both corpora
lions decline to place the entire matter
before the public, but the preliminary
papers of the agreement were signed
on the fifteenth inst; and these are the
notes in the hands Of the counsel to be
placed in legal form.
Briefly stated, the AtchisOn, Topeka
and Santa Fe railroad company has
through its friends obtained . halt inter-
est in the old Atlantic and Pacific char
ter, and consequently in the land grant
and franchise attaching to tue line from
Missouri through the indian Territory,
New Mexico, Arizona and California.
An Atlantic and Pacific stockholders
meeting is to be held in New York this
week aud new directors elected, one
half representing the Atchison interests
and one-half the st. Louis interests.
Until this board comes in nothing will
be definitely decided upon regarding
the plan. 1t however appears to be 3
novel feature in railrOading to place the
stock in the hands OF trustees for twen-
ty years. neither party desiring any adj
vantage over the other. All apprehen-
sion ON this point is removed BY this
diplomatic arrangement. Twenty
millions Of bonds TO build the road will
be issued, secured by the large land
grant of the Atlantic aud Pacific COM
pany, and bearing six per cent. interest,
and one-half will probably be taken in
New York and one-half in Boston.
These are the s'rights" likely to accrue
to the Atchison stock. The through
st. Louis bushes will come eastward by
the st. Louis and San Francisco line,
but this AtchisOn will be free TO appor-
! ton its local and Chicago business equal
IL to roads leading from Kansas City as
formerly. ~
Thorough search fails to discover that
Jay Gould or his scheme had much ill.,
fiuence in the fastening or making OF
this arrangement. His interests only
antagonlze the Atchison interests in the
Denver and Rio Grande dispute, and SC
sar as can be learned the most friendly
business relations exist between him
and the Atchison people. Indeed it may
not generally be known that the Atchi.
son, Kansas Pacific, and Union Pacific
have a pooling arrangement for all bus.
mess from competing points.
Advices from Santa Fe, dated Deem
Der 9th, indicate possibility Of repe
tition Of the same struggle between tht
Denver and Rio Grande company ant
Atchison, Topeka and Santa Fe railroad
company, in the valley of the Rio
Grande between Santa Fe and FL PasO
over the right Of way, as in the case ol
the Grand Canon conflict which has
been going on for the last two months il
Colorado. Both parties have located
their lines .ver practically the same
ground. The Rio Grande company
under decision of the Supreme Court
claims that it has the prior right o
choice, as well as first location, and ha!
warned all opponents off its line. TIT
Santa Fe company claiming, under ,
| GENERAL act of 1875. has put men Il
: work at places on the same line and
conflict seems unavoidable. Each part.
has large engineering force i'll thu
field engaged in locating down the val
lev. in u race for Ell PasO.