Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1890-08-29
ON TO The GULF.
Articles Filed Consolidating the Pecos
Valley Railroad Enterprises
What it Means.
Santa Fe, Las Vegas and Albuquerque
to be Provided with an Outlet to
Gulf Tide Water.

An amended charter consolidating the
Pecos Valley Railroad company and the
Pecos Northern Railroad company was
filed in the Office of the secretary OF the
territory yesterday. The first named road
is now in course OF construction between
the Texas line and the town OF Roswell,
in the PeCos valley, some thirty miles
having been completed and by November
it will have been finished as lar north
as the town of Eddy. The second road is
designed to build in a northernly direction
from Roswell, through the counties OF
Chavez, San Miguel or Lincoln, Valencia
and Bernalillo to a point OF connection
with the A.. T. < s. F. railroad at such
point
AS TIE DIRECTORS MAY DETERMINE;
together with such extension and branch
es thereof as may be deemed desirable or
necessary" The amended articles also
contain this significant clause: And also
to aid, so far and in such manner as UNI
der the laws OF New Mexico it may, and
as the board of directors OF the consoli-
dated or new corporation shall determine
the construction, by means Of subscription
to its capital stock or otherwise, OF the
railroad of the Pecos River Railroad COM
pany or other connecting railroad com
panies.'
The Pecos River Railroad company
here referred to means that part OF the
road within the state OF Texas, leading
toward
THE GULF OF MEXICO
from the point where the Pecos valley
road touches the Texas & Pacific line.
The title of the consolidated companies
is the Pecos Valley Railway company.
The capital stock is IS 100000, and the
incorporators and the amount OF their
subscriptions actually paid into the hands
OF
HENRY, c. LOWE, TREASURER,
are as follows James j. Hagerman,
1864 800 II. c. Lowe, Irving llowbert,
Louis II. Jackson, Chas. B. Eddy, $l0,-
600 each; Thos. II. Edsall, Chas. +.
Noble, Percy Hagermsn, S. NJ. Folsom
and John A. Lee, 500 each. For the
present the principal place of business is
at Albuquerque, and such place OF bust
ness may be changed to any other city
or county within this territory IN the
manner provided in that behalf by law
The estimated length of the proposed
line OF road is 3l5 miles. Bonds to secure
its first mortgage per cent bonds may
be issued at the rate Of $4,000 per mile,
but such bonds shall not exceed in the
aggregate the sum Of S., 100000. The con-
solicitation of the two companies into the
one, the Pecos Valley Railway company, is
effected by simply exchanging the stock
of the two for that of the one, share and
share alike.
TALK WITH THE PROMOTERS.
Mr.. Louis II. Jackson, former president
Of the d. & X. q. company, and one OF
the active promoters OF this new enter
prise, was in lie city yesterday and passed
on up the road to his home at Colorado
Springs. To-day Messrs. Irving How
bert and Henry G. Lowe. also OF
Colorado Springs, are registered at the
Palace and were agreeable callers at the
office OF the New MEXICAN. Mr.. How
bert is president OF the Pecos Railway
Construction company, and Mr.. Lowe is
the treasurer of the railway company.
These gentlemen are en- route home from q
trip of inspection over the Pecos road as
for as Eddy, whittier they went in COM
pany with Hon. C. b. Eddy. The con-
struction OF the road from the Texas x
Pacific road north is going on most salts
factorily; at the present time thirty-tWo
miles OF steel has been laid; sixty miles
have been graded, and the work OF laying
rails is progressing at the rate OF
ONE AND ONE-EIGHTH MILES PER DAY.
The gentlemen are delighted with New
Mexico; consider its future the brightest
OF any state or territory in the west at
this particular time, and they are especial
ly pleased with Santa Fe, its wonderful
natural resources and its location rs re-
CARDS any connecting line OF road coming
in from Colorado aud the northwest to
connect with their proposed line to the
gulf. The visitors didn't say it in so
many words, but they incidentally re-
ferred to the change of their original char
ter as above given, and limited that it
would not he long before Santa Fe, Las
Vegas and Albuquerque would enjoy dl-
rect communication With the deep water
ha-bors on the Texas coast via the famous
Pecos valley.
Milk l0c quart; SC glass, at Colo
RADIO saloon.