The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-02-08
JAY GOULD'S LATEST.

The lopu-pxistIng conflict between the ~
Gibson, Topeka and Sante re ana me Denver
and Rio Grande Railroad Companies tor
minated on the eecond instant In a compro
mice. After many conferences between the
ofIieers of the two companies, an agreement
was eipned settling for period OF ten years
the disputes that for long time have rem
derrd the companies hostile toward eacf
other. The chief negotiators Of tho compro
mise were Jay Gould and William }. Palmer
Of the Rio Grande, and President Thomaf
Nickerson, OF the Sante Fe Under the terms
OF this agreement the lease OF the Denver
and Rio Grande Road Ia abrogated and the
papers cancelled. The stock that was inter
changed no part OF the execution 81 TN
lease is to DO exchanged and the receiver.
ship OF the Denver and Rio Grande, which
grew out OF litigation relative to the lease, Is
to be terminated, each company pay
Ing Its own counsel fees aud the cost
oil the contest last summer lor the
possession Of the Grand Canon. II is pro-
yitled ttnt the Denver and Rio Grande Com
many shall have the Leadvllla route, and that
IL shall pay for this the original cost oil the
completed road and $400 in cash, but Is not
to pay any of the costs OF litigation upon this
particular point. 1t Is TO pay for the material
for the construction of the Leadville line, now
on the ground and not used. at o fair market
value. The Denver and Rio Grande La to dis
continue work upon It's Pueblo and St Louis
line, and ID also to stop It's extension In New
Mexico, about half way between Conejos and
Santa Fe. On the other hand, the AtehisoD.
Topeka and Santa Fe agrees not to build to
Denver or Leadvile, or to any other point
west of the line Of the Denver and Rio Grande
road. It's terminus is Pueblo. where II VIII
receive half Of the Leadville, San Juan and
other Southern business Of tho Denver and
Rio Grande; and also at the same point 1t 10
to receive oDe-fourth Of the traffic between
Denver and the Missouri river and other
Eastern points. The Atchison, Topeka and
Santa re reserves the right to build line o.
about thirty three miles to their coal mines
In Colorado, to be used for local trains only,
for transporting coal for their own use, and for
sale down the Al kansas valley. In an editorial
printed In the DEMOCRAT OF the fifteenth ul-
timo, we took occasion to say that there was
no doubt Of Mr.. Gould's having endeavored
to yet control Of the AtchisoD, Topeka and
Santa re road. the accomplishment Of which
purpose would etfectually settle the long
mooted problem OF a competing transcontf-
mental Southern line, since. rs we underworld
to show the Southern Pacific and Texas Pa
cIfic were virtually under the control OF q
syndicate headed by Gould and Huntington.
In the meantime, however, as our approach
Ing railway connections with the South
ern Pacific and the Texas Pacific at El
Paso and Marshall will soon place us In direct
communication with San Francisco, and as
we shall present the nearest and best outlet
to the sea, there is no reason to apprehend
that New Orleans will become the especial
victim of determinations IN freight tariffs.
On the contrary, II Madame Rumor is TO be
credited. we ehall find Mr.. Gould and his
associates Inclined TO assist in the develop
ment Of our superior port advantages. II we
ehall manifest disposition to perform our
mart of the work