The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1880-11-13

Df OHttQf wy ~ 49,
concession recently granted by the
Mexican government to company |
authorized to be formed by Messrs.
Palmer and Sullivan has been r. ceived !
and the Mexican National CoDstruc-
ton Company organized under the
laws of Colorado to work the conces-
sion. The contract is for the con-
stu uction in eight years of 1900 miles
of narrow gauge railroad with teie
graph iron, the city OF Mexico to the
frontier of the United States and to
the Pacific OCEAN in consideration OF
money subsidy averaging $l0,90O
per mile. The total subsidy is paya-
b|e in railroad construction certifl-
Gates to be issued on the complexion
of the first ninety-two miles and
thereafter as each twelve miles are
built. This amounts to upwards OF
| $l4. DOC, 600 of absolute bonds Fay
ment is assured by provision appii
cable to all custombouses, maritime
and frontier, that no payment shall
be made in coin or otherwise than IN
these road construction certificates
of $40 in every hundred OF duties
due, under penalty of second pay
ment. The obligation OF the gov
/ eminent is limited to four per cent
of import duties in any year; cert'fi-
Gates can be bought ouly OF the COM
pany which is compelled to keep
Agencies for their sale and is prohib-
tied from exacting more than par for
them. The Government binds itself
for the whole contract period OF nine
\ ty-nine years not to grant any subsi-
| DIV to parallel roads within sixty-hve
miles on either side, and permits the
company to accept additional snbsi-
dies from the State Governments;
exempts for fifty years after the road
is completed from State or municipal
taxes, all material for construction,
operation or maintainence: requires
! mails and messengers to be carried
free, and that federal troops and i'm
migrants arriving under Government
assignment be carried sixty per cent,
! less than the regular tariff, STIMULATES
. that tariffs shall not, without the
company's consent, be charged fos
ninety nine years. Two hundred feet
: will be granted through all public
lands and use of timber, stone, water,
ETC., thereto. Free right OF condem.
8 nation of private lands will be under
i the same regulations as government
n sale OF private property for public
!. Tservice. Vessels laden with railway
aud telegraph supplies will be ex
empted from all dues for fifteen years
e after lines are completed, except pi
lotage. Passengers, mail and mer
chandise will be exempted for 2:
: years after the completion of the roae
t for duty except transit duty, hot ex
. ceeding one dollar per passenger o.
per ton. The International line mus
. be completed from the City Of Mexic'
g to the Texas border at Laredo o
IS some point between Laredo and Eagl
a Pass within eight years. The Paci6
line must be completed to Maganill'
or any other point between that AM
II Navidad within five years; III mile
> divided in any desired proportion be
tween the two lines must be complet
ed every two years, but there is
y pre- hibition against beginning IT,
e construction at the United State
a frontier until the completion OF tb
:. last division is announced. The com
y pany expects to finish the Interns
tional line to the Rio Grande unde
e. 8 hundred miles to affect an unbrc
- ken communication with the railroa
II system of the United States With
70 three years. The 6rst section of th
st line is already accepted and on
r. thousand men and five thousand ton
. of steel rails have been ordered fo
- work. The company has one of il
1t Offices at Colorado Springs and on
lie .otherin Mexico. The principal offic
10 will be in New York. Its subscril
= ton Of four million dollars made U
last summer by General Palmer upo
condition of securing the concessio
20 will now be called up by the Unto
NJ Construction Company by install
As ments required to do the work.