Tombstone epitaph., 1891-11-15
An Enthusiastic Gathering of Citizens at Col. Her,
 rings Office.

I words and actions over the proposition under consideration, of building { road from Faiibank to Tombstone There were present Col. Herring George Berrot R. w. Wood, w. K Meade, WI Staunton, J J Patton $ M Barrow, Fred Herrera, B $ Cof1- man, P McAllister, E S"dow, w H Stillweli. Ben Cook, J B Miano, s ( Bagg, c L Cummings, John Montgom cry, c B Kelton, D A MacNeil and L E Page.
 Col. Herring was chosen chairman Of the meeting and s c Bagg secre- tary.E. MT. Wood on behalf of Mr. Berrot stated the object of the gath ering and the steps thus far taken Tn the matter of constructing railroad to connect Tombstone with the N. M & A road at Fairbank
 In the first place, MT. Wood ex- plaiued that articles of incorporation of the Tombstone and Fairbank Rail- road Co had been drawn up and filed. The directors are George Berrnt Vim. Herring, R w Wood, Ralph Smith, w K Meade. They met during the day and elected MT, Berrot president, Wm. Herring vice president, Ralph Smith secretary and R w Wood treasurer. The stock is divided into 2,O0O shares of pcr value of $lOO per share or a total capitalization of $2OO,OOO. The railroad will be exempt from tax ation for twenty years. This exempt ion includes rolling stock, buildings, and material of all kinds. The cor poration has also 50 y,a franchise from the city to run through any streets in the city with the exception of Fremont, Allen and Toughnut, but gives the privilege of crossing those streets. The"corporation has an op- ton on ten miles of track and ties known as the Tucson X Globe road. This road was constructed as d marrow gauge but is heavy enough for broad gauge. the iails being but four pounds lighter than the rails of the Bisbee road, and the tie. being heavier. The Bisbee rail is 59 pound and the pro posed Tombstone and Fairbank road will be constructed with 35 pound rails. Both the $ P railroad men and the N. M. X A agree that the rail is heavy enough. To la! this material at Fairbank, which will be done be- lore any money is paid on it, will cos 30 per cent Oi i,s original value. The rolling stock will be Of no use, heirg narrow gauge, and will be disposed ol at any figure and is not taken into consideration.
 The total cost of the road ready for business will be, as shown by MT. Woods figures, $oO,OOO. Oi this amount Mir. Berrot proposes to raise by sale of bonds in San Francisco: :: $50, GOO at per cent interest.
 He also takes $50OO worth of stock. This leaves $25,OOO to be raised by the sale of stock which is thought to be an easy matter to sell in Tombstone where those who are to receive the benefits should be financially interest ed in it's operations.
 The cost of the road has been placed at an outside figure. The cost per mile being given in Mir. Woods fig. ures at $5O0O while everyone acquaint ed with the topography of the country over which it is to run, places the estimate at $2OO0 per mile. Every one knows that the grade is an easy one and that no cuts or bridges will be necessary which will necessitate an outlay of any amount of money to speak of.
 As to the profits of the road after being built there can be no queston. At the present time the complaint of dull times and closed mines was never greater, and yet at the present rate of shipment tte~ are I7,OOO tons of ore being shipped to El Paso and Socorro smelters per year from the Comet and ' M. x M Co mines alone; at the legal charge allowed by law-r$l .35 per ton over ten mile haul this would amount tq an income of $23 900. The amount of merchandise shipped by