Los Angeles daily herald., 1890-01-06
THE RAILROADS.
Passenger Traffic Again En-.
tirely Restored.
THE DAMAGE IN THE sOLEDAD
The Reconstruction of the Santa FL
System-A Pertinent Statement
From President Adams.

Southern Pacific was broken yesterday
Four trains had collected at Lsng's sta
tion in the Soledsd pass. They starte
south at little after two O'Clock and al
rived one after another in the course Q
the evening. Mail and express from tn
north may be expected to be delivere'
today.
Train No. 1s, which regularly leave
for the north at / 40 in the afternoon
did not leave Saturday. Yesterday, a
the regular time, the road was not quit
ready to admit Of the passage of trains
and passengers for the north waited a
the depot for several hours in good dea
of doubt as to whether they would b,
able to get out of town or not. Finally
little before four O'Clock, word came
that the track was open, and the frs
section of 10 was started north at half
past four, soon followed by the SECOND
section. Train No. 20 left last night q
40, the regular schedule time, in TIVE
sections.
The eastern connection of the South
ern Pacific was all right yesterday ant
trains ran on time. The repairs on the
day and trains will run as usual tomor
row.
The injuries in the Soledad caflon are
so serious that the Southern Pacific Com.
pany is compelled to put in practically g
run through, consisting of crib work pro.
tected by sandbags, but it will be neces'
sary in many places to abandon the old
line. Word was received yesterday that
q large corps of surveyors had been sent
down from San Francisco to map out O
new road.
The San Bernardino line of the Santa
Fe is now all right, and trains will run
according to schedule today, unless new
difficulties are met with. The landslide
near Garvanza was repaired yesterday
morning, and trains would have been
run in the forenoon had not new slide
occasioned more work. A train left for
San Bernardino at 4 20 and another for
Duarte toward evening. An overland
from the East got in yesterday by the
Santa Fe.
A recent number of the Railway Aqe
has some very interesting matter with
regard to the Santa Fe system of rail-
roads. Editorislly it says:
The President of ths Atchison, Topeka
and Santa Fe Railroad Company has
just returned from tour of the entire
system of the company, covering some
$500 miles, and it has required more
than a month of pretty constant travel.
ling to obtain even hasty view of the
country along all this vast extent of lines.
running through or into nine of our
States and Territories as we'll as into
Mexico. President Marvel states that
he was far more favorably impressed
with the system after seeing it than be-
fore, judging from the reports which he
had heard previous to becoming the
head of the company, and he says, as re-
ported by the Kansas City Journal:
'It is wonderfully fine piece of prop
erty," he continued, "and 1 find it in
much better condition than 1 thought
probable from what had heard. Now
that have been over it, having person
ally inspected the entire line and all it's
branches, have to say that / am very
hopeful of the future, and soon expect
to see the Santa Fe in the lead of west
ern railroad systems"
This is u vindication CT the manage
ment under which the vast scheme Of
the Atchison extension was planned and
carried through, which, coming from the
new President, must be gratifying to
those whose works are beginning to bear
fruit. In fact, the general scheme of the
previous management was endorsed by
the reorganization committee when il
declared against the proposition to dis
member the system and unhesiLatingly
stated that no part could be spared with.
out injury. The development of the
Atchison, Topeka and Santa Fe from an
unimportant local road to gigantic sys-
tenn covering greater extent of country
than any other was not the work oi
chance or of reckless ambition, but the
development of a carefully and broadly
planned scheme for the formation of q
railway system from the lakes to the
Pacific ocean and the gulf, fed by the
productions and resources of a great
variety of soil, climate and latitude, and
constituting in itself powerful and in.
dependent com bination of railway lines
from which satisfactory results to owners
and to the public could be considered al
most certainty under proper manage
ment.
The New York correspondent of th,
same paper has this to say with regar(
to the reorganization of the Santa Fe
To MIR. George G. Magoun, perhaps no
alone, but largely, is due the unequalet
and successful fnanciering of the Atchi
son company. A year ago that compan,
had floating debt of $11, 10000 an,
annual fixed charges of $11 400, 900, ant
the prospect of earning anything like tn
amount was ininitesimal. The aggre
gate property was composed of sixty
seven different corporations. TIL
reorganization, which has been &C
cepted by the holders of al
but $l5,000,000 of the $14S, 900 00
bonds leaves the company today withou
dollar of floating debt and with So 900,
600 cash to be expended in repairs AM
betterments on the consolidated system
Furthermore, the fixed charges are nov
below what the property can earn in 1T
worst years. ALI this has been accom-
plished without the payment of exorbi
tant commissions, unmarked contrast t
other undertakings of similar nature
and with an absence of all litigation
Mr.. Magoun has certainly earned th
right to a merry Christmas. The ne
earnings of the. company for Octobe
were 81, 300, 900; for September, 1867
725; for August, $s41, ,456; and for July
$448,699. Fixed charges on the old ba
sis were 1929, ,sl4; on the new, 1912, 700
Thus for the first four months of the fie
cal year there is an approximate total G