Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1891-10-13
CONCERNING THE RAILROADS.
Mr.. Seligman on Railway Securities-On
to White Oaks-The Durango North
western Project-Notes.


western Project Notes.
Hon. B. Seligman, who returned yes
terday from an extended trip east, says
times are good back there now and
money is procurable at easy terms; that
foreign gold is pouring in at most graft
flying rate, over $40, 600 having come
from England and France during the
past six weeks, and this, and good crops
in the west and the assurance OF big rail-
road earnings, makes it very favorable
time for placing railroad securities. This
condition of affairs is not temporary but
will, apparently, exist for the next year
and half at least.
Mr.. Seligman regards the time as par
ticuIarly propitious now for pushing new
railroad enterprises in New Mexico. lie
said he had no doubt but that, should
business men Of Colorado and New Mex
leo organize to construct a new north ana
south line, they would have no difficulty
in securing ample financial backing. His
idea IS to organize an independent COM
pany and extend the narrow guage line
under an agreement with the ID. d Il. u.
to operate its trains over the same, lie
thinks company should be formed to
build such line from Santa Re, via Ger
rillos and San Pedro Albuquerque, with
a view to eventually pushing southwest
from that point, and havlnga White Oaks
Ell Paso-Pecos valley connection by build
ing from San PEDRO south. If the Las
Vegas W bite Oaks line is first underway
short tap from San Pedro southeast
would connect with it for the benefit OF
Albuquerque, Cerrlllos, San PEDRO and
Santa Fe. With the wonderful showing
| in natural resources that can be made In
support of such system of roads Mr..
Sellgman thinks the bonds to build it
could be easily placed at the east and a
liberal traffic agreement to operate 1t
/ made with the d. & K. Il. management.
THE DURANGO NORTHWESTERN.
j. W. Hanna, of Durango, general
manager OF the Montezuma Valley Canal
company, owned by the millionaire sugar
barons, the Havemeyers, and other New
| Workers, Is in conference with the Albu-
querque people to-day, and he wants that
city to furnish him with survey of a
line of railroad from Durango to Albu-
Querque via Jemez springs. Mr.. Hanna
says the building OF line between Du-
range, Colo, and Eddy, N. M, would
supply the only link necessary to COM
plete the unbroken chain between Gal
weston, Texas, and Seattle, WASH; be-
tween the Gulf of Mexico and Puget
Sound. lie is informed by his New
York financial agents that bonds for
! building such road can now be placed,
provided the business showing will justify
undertaking the project, and his mission
TO Albuquerque Is TO find out what that
city will DO toward donating funds to sur
vey the best route from Durango to the
Pecos.
RAILWAY NOTES.
President Jeffrey, Superintendent
Burns, Traffic Manager Hughes, Super
lntendent Deuel., General Passenger Agent
Hooper and Manager Kramer, OF the ex-
press department OF the Rio Grande, left
Denver Saturday afternoon for a trip OF
inspection over the entire road. They
may visit Santa Fe about the last OF this
week. This Is President Jeftrey's first
trip over all the d. & r. u. lines and
Santa Feans ought to be prepared to give
him proper reception.
At a meeting of the Denver Chamber
of Commerce Hon. I. M. Patterson stat
ed that 500, 900 could be raised in New
Mexico Tor the Denver, Las Vegas q Ell
Paso railroad and urged the Colorado
cities to come to the front. A meeting OF
the Chamber of Commerce OF Denver will
be held on the 10th to more fully discuss
matters.
An order has been issued by the San
Antonio q Arkansas Pass line in Texas
announcing the appointment OF ID. b.
Robinson AZ general manager OF the road.
lie is at present engaged in making an
inspection of the system for the purpose
OF making report on its condition to the
New York bond holders.
The special run to Socorro over the A,
7. q S. T. the other day for the accom-
mediation of those wishing to attend the
circus, was we'll patronized, about fifty
going from San Marcial, seventy-five
from San Antonio and $50 from Magda-
lena.
The people of Albuquerque will do all
in their power to aid in building the line
of railroad from Santa Fe via Cerrillos
and San Pedro to Albuquerque. No other
railroad in the territory would pay 30 well
on Observation-Disclosures Citl-
zen.
When the hair shows signs OF falling,
begin at once to use AYERS Hair Vigor.