The morning call., 1893-10-06
HELD FOR DEBT.
A Railroads Office Is in
Trouble.
THE WELLs-fARGO CONTRACT
The Southern Pacific Company Files
the Largest Mortgage Ever Re-
corded in the State.

The Northern Pacific Railroad has been
having a good deal of trouble in the courts
of late, and yesterday the local Office came
in for little disagreeable experience in
this line. In fact Deputy Sheriff was in
stalled behind the count ter for good por-
tion of the day and took an active interest
in the business transacted. About two
years ago Louis Davis of this city had
some trouble on one of the trains of the
company relative to a ticket. That instru-
ment, guarant teeiDg him passage over a
stated portion of thu road, was, in the
opinion of the conductor who took it up,
defective, and he insisted, 80 the story
goes, that Mr.. Davis should pay his fare
This that gentleman refused TO do, claim
ing that as he had once paid for passage be
did not propose to do so again. and the re-
suit of the controversy was that MIR. Davis
was elected from the train. A suit for
damages followed and dragged its way
through the tedious lines of legal proceed
ure until about TWO weeks ago when the
plaintiff secured judgment for $500 in the
United States Court. For some reason the
railroad company would not settle the
cain, and as result the action indicated
was taken.
Pacific Company, In speaking OF the pub
icauon Of a report in morning paper
about the probable loss TO the Wells-Fargo
Company of the contract Tor carrying ex-
press over that road, said that the article
in question was ''an exhibition of lament
able ignorance. Tie contract with the
Wells-Fargo Company will expire at the
end of the year, IL is true, and negotiations
are now pending for either its renewal or
new one, with every probability that
the matter will result in a new contract.
The contract is not open to the highest
bidder, nor are we bidding for offers from
other companies. In fact, the probability
of the Wells-Fargo Company securing the
contract is so great that 1t is sale TO say
almost that it is already an accomplished
fact"
The members of the local Passenger
Association are sndeav0ring to patch up
their little differences and once more work
in harmony for the retention OF stable
schedule of rates. A committee was ap-
pointed at the last meeting TO devise means
looking in that direction, and 1t met yes.
terday Tor that purpose. just what this
committee proposes to do has not yet
developed, but one of lis first acts will
be TO attempt to solve the mystery of how
members of the association who are said
to be working through the ticket-brokers
are TO be detected and punished.
General Ticket Agent Goodman notified
all Eastern agents of the Southern Pacific
Company yesterday to put in the S65 80
round trip rate from the Missouri River 10
the coast at once. This is from Houston,
Tex, and over the Sunset route, and with
the action of the Union Pacific, which will
put the same raie In on the 10th inst,
at which time its notice of withdrawal
from the Western Passenger Association
will take effect, this will give two routes
to the Missouri River and seems TO leave
the other traps-M issO Ouri roads no alterna-
tive but to also put the same rate in force.
Mr.. Goodman said that he was tired Of
waiting for the other roads to take some
action and had concluded TO take the in
itiative himself.
The deed of trust under which the bonds
on all the lines of the Southern Pacific
Railroad Company in California will be
retired and new bonds will be issued was
filed III The Recorders Office yesterday. 1t
is probably the largest mortgage ever filed
in California. as by its terms bonds'to the
extent of S5s,O00.000 will be issued.
The Central Trust Company Of New
York is the trustee under this deed, as it is
under the former deeds of the company.
BY the terms of the instrument filed yes
terday sinking fund is created for this
purpose, retiring and redeeming all out
standing bonds. The total amount of
bonds that may be issued under this
trust deed should not exceed $1,000, 600.
and all bonds which have been issued
shall be retired at their respective maturi-
ties, so that the bonds Issued by this mort
gage shall become a first mortgage lien on
the lines bonded. The bonds issued under
this mortgage in addition to the bonds
already outstanding shall not In ten years
from date exceed the total amount of
S38,000,00O nor afterward be increased
above that amount