Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-04-21
THE SANTA TIES.
President Sealy Gives the Details Of
the Trade Between the Two
Railways.
The New System Pronounced the
Strongest west Of the Mis-.
sissippi River
"A Exchange OF over HAIR tho q CTS.
Sc. stock blade Hemanndsrto 10
Delivered within Ycur.
onAXolNo srocK ron sroeN

Y uoial 10 the Gazette
BosroN, Mass, April 20. ~Atchlson
broke 20 ssi this afternoon aud Rights 10
l20, With reaction The break prob
ably came upon the publication OF the
particulars 81 the trade with the Gulf,
Colorado 4 Santa Fe, which were out
lired unofllclally week or ten days ago
President George Sealy gives those par.
ticuiars The stockholders OF the Gulf,
Colorado 4 Santa Fc have now con.
structed and have under construction In
all 1000 miles of main track Of road
When completed II win reach TO con.
nection with the AtchiSon, Topeka i
Santa Fe comp ny In the Indian Terri
tory. These 1000 miles OF road, together
with all the landed interests in
Texas, extensive wharf frontage and
terminal facilities in Galveston are
put Into the Atchlson system as
common property upon the basis
OF 5000 stock per mile, or SIS, 900 600 OF
stock, for which the stockholders OF the
Gulf, Colorado & Santa Fe take IN ex.
change So, 100000 OF stock in the Atchi.
son company and become joint owners OF
the common property An exchange Of
about S4,i00,000 stock has been made
AMI the remaining $4,000, 900 will be de.
liyercd within the next twelve mouths.
during which time the connections Of the
two roads VIII be made The total
bonded debt OF the Gulf. Colorado &
/ Santa Fe Is limited not 60 exceed $40
nrst mortgage aud 5000 second mort
gage on each milo OF main track
II will be readily admitted that the con
solidauon OF the two properties viii be "
great value 10 both ~ win give the
Atohison water connection from New
YORK aud the East, VIA Galveston, % the
| Pacific, quite as short as the Southern
Paglno, Via New Orleans it VIII have
the effect to make the Atkinson the
strongest system west Of The Mississippi
river, ns II VIII present less ladebteduoss
per mile than any other largo system
10 that section, or, In fact, anywhere In
ihe United States. The earnings Qi the
Gull, Colorado Z Santa Fe for the hscal
yeur beglnung January (, to dgte, haze
been about 100000 per month, Al in
crease over thu corresponding mouth o,
last year This increase win doubt
less hold good through the rest
Of the year and should leave enough net
earnings not only TO pay tle htofcst ua all
the bonds, but also diYiGends on the
stock issued aud TO be lssa0e 1n the rOad
~ operation The AtChiSOn arehOldefs
have peculiar ideas regarding the new
subscription rights Some think they
were of April Z, the day they were for
the iirst time on, Others sbt their rights
10 the office and asked tho company TO
remit the money for them, which " can
hardly do, not being III The brokerage
bueiuess SO common has the trans.
mission of rights to the office become that
Assistant Treasurer Goodwin has printed
this circular:
II am notauthorlzed by the company to
buy or sell rights Under the circular
No. 90, at the close OF the books April
II, 1886, all stockholders Viii be en-
titled to rights until May $, 1886, each
share OF Atchison stock representing one
right. The stock and bond brokers are
dealing IN the rights. II you should send
to them they win sell your rights al
market prices and remit YOU the money y