The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1881-04-30
nniIroad Racket.

Bottom, 2S.-The Transcript says:
The directors of the Sonor4 Railroad
Company unanimously voted to build
the line from Hermonvil directly north
through Magdalena and ~ Santa Cruz
Valley toward tucson, in tesd Of north
ezst toward Deming or FL Psso. This is
a more natural route for local traffic, and
one survey some twenty years ago.
The Atchison will now be obliged to
build west from It's junction with the
Southern Pacific st Deming, and con-
meet with the sonOra near the Arizona
line. The Sonora people some months
ago organized the Arizona Southern
Railroad Company, and filed q location
for road from Tucson south, and this
road will now come in for the extension
Of the Sonora in Arizona. The cost of
the Sonora road will, by this change of
the route, be some $500, 00O less than was
contemplated, and it will be finished
about nine months earlier. The distance
from Gusymas to Tucson is about 325
miles, and if the Arizona Southern is
built southwark the entire line can be in
operation at least fifteen months hence.
New York, 29.-The Tribune says:
The long pending proposition for the
consolidation of the Texas and Pacific,
and St. Louis ard Iron Mountain Rail
roads is said to have been practically
agreed upon, but not in accordance with
the original proposition. The Philadel-
phiz h Iders of Texas and Pacific stock
desired a concession in their favor, and
the from Mountain stockholders de-
msnded difference of Is per cent
Gould is said to have been in favor of an
exchange of stock upon equal terms, but
ultimately agreed to waive his prefer
ences. The agreement of consolidation
on the 7 art of a msjority of the stock
holders in both companies, which will be
submitted at meeting of the directors Of
b tn roads is said to be that the Texas
and Pacific directors shall issue CONSOLE
dated stock to holders of the Iron Noun
tain stock, and in consideration OF SD
sorbing the latter road will give a conces-
sion # about per cent.
New York, 29.-The World inter
viewed Gen. h. w. Slocum, yesterday,
he having just returned from Mexico.
He said: l am somewhat interested
financially in the Tenaun:epec road, snd
desired to see how the work was sdvanc-
ing The first twelve miles from the
eastern terminus are completed. Forty
mora are graded, AID by July LIST fifty
miles will have been built, and will be
in running order. Mr.. McAlpine is
there, and has selected harbor for the
western terminus. snd will begin to build
from that end Immediately. A large
| quantity of rails and rolling stock will
| be shipped, therefore, within the next
! fortnight. The road is built entirely by
| New York capitalists, except thai the
company has q subsidy from the Next
| can government Of SIP, 500 mile, to be
paid as the road advances, and this has
been paid regularly so far. and probably
will continue to be. While WAS in the
City of Mexico the sun of $3.50, 900 was
put in the appropriation bill to provide
for the pay ment of the portion that is ex-
pected to be built during the year.
| Grants road commences st a point on
the coast about fifteen miles below Vers
Cruz, the place where Gen. Scott landed
his troops There is much opposition Il
the selection OF terminus, among tb'
people of Very Cruz. who don't ike thI
idea of rival seaport being built up 81
near them, and possibly some othe
point msy be selected The proposed
course from there Is directly west to tn
Pacific. No portion of this road has We
been built. Il has no subsidy. I thinl
Grant will succeed. He is popular an(
has some bright people around him
among the Mexican people, Of great in
] iuence.