Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-08-08
THE A., T.& s. F. COMPANY
A Change OH the Lamy Branch-Ex-
tensiye WashOuts-What Presi-
dent ...stinhart Says of the
Prospects.

luT. CudSs OytI, ulFIslou uSuporlutouu0Ab
of the A., T. & s. F., and Mr.. j. M. Meade,
resident engineer at Pueblo, are in the
city on railroad business to-day. Re-
trnnchment is an absolute necessity for
the Santa Fe line and there was talk at To-
peka headquarters of closing up the city
Office at this point and cutting down the
depot force, but Supt. Dyer contended
that other methods would be preferable.
Hence it has been decided to lay off one
train crew on the Lamy branch tempor-
arily, thereby making saving of $500
per month. This crew runs the two
night trains that connects with Nos l
and on the main line--one from the
east arriving at l is a. m. and one from Ell
Paso and Deming arriving at 11:20 p. m.
Neither of these trains bring through
mail to this city, and the little local mail
they bring will arrive from the east on
the daylight train due at 7:45 p. m. and
the Ell Paso and southwestern mail
will come at 10 a. m. 80 that
not much of a change will be
wrought in the present excellent method
of handling the mails. These being night
and not much inconvenience will be felt by
the travelling public, especially as the
arrangement is deemed to be merely tenn
porary. The change will go into effect
tomorrow. Supt. Dyer has conferred
with many business men on the bject
and finds among them general disposi-
tion to accommodate themselves to this
emergency for the good of the road during
these stringent times.
Mr.. Dyer and Mr.. Meade are also here
to lay out in the A., T. g. s. F. yards
"Y" track, SO that in future whole trains
can be switched end for end without the
slow turn-table method.
$4,000 DAMAGE.
1t is probable that $4,000 will scarcely
cover the damage done by recent wash
outs to the railway lines in New Mexico.
Five days mail was this morning due
from Grant and Sierra counties, tied up
at Silver City, Hillsboro and interior
points by washouts on the Silver City
Derning and Lake Valley-Nutt branches.
Between Rincon and southern points
there are also small breaks.
On the Southern Pacific, just west of
Deming, seven miles of track are gone
and no trains have passed for three days.
On the Texas & Pacific, east of Ell Paso,
trains began runninge again yesterday
after four days tie-up. The Mexican
Central has also suffered damage from
cloud burst.
Yesterday afternoons storm that came
up the Rio Grande valley caused another
big washout on the A., I. & s. F. at Algo-
dones, just north Of Albuquerque, which
served to delay all trains until noon to-
day. All trains were tied-up over night
at Lamy and Albuquerque, but began
moving again this afternoon.
THE A. 7. & 8. F. OUTLOOK.
Speaking of recent rumors in circula-
tion regarding the prospects of the Santa
Fe, which placed that road in very
unenyiable light, President Reinhart
says; "The last half of the year is by
far our best half, and certainly not later
than September look for the usual
improvement. So far this year our de-
crease in net earnings has been $780,
600, all of it occurring in july We
will probably not have quite half Of last
years 100000 bushels wheat crop in
Kansas, but with only fair weather from
now on there will be yield in Kansas
Of 3OO,000,00O bushels of corn. Last
years wheat has sold at phenomenally
low prices. Corn is far more profitable
crop for railroads. This years immense
corn crop will bring herds of cattle from
Texas to be fattened, and all that can
be spared of the balance will be fed to
the hogs"
"The profit comes in handling this
business. It will also be an immensely
more profitable crop for the state at
large than last years wheat crop. The
truth is that much of the financial dis
tress is coming from those Wall street
pirates, to use no harsher term, who
have been engaged. in selling something
they have not got, in order to buy it
back at profit. They have actually as
serted that the Union Pacific, Missouri
Pacific, Santa Fe and other roads, were
going into the hands of receivers. The
utter folly of the statement, as far as
the Santa.Fe is concerned, is that on
July we paid out In. semi-yearly
charges, $3,700,000 in cash. No other
large payments are due until January.
Last year we earned surplus of $2,-
100000. II would take decrease in
gross earnings Of about 100000 every
month in the year to endanger the pay
ment of our fixed charges. 1t is simply
criminal to spread any story of re-.
ceiver in view of such facts. / knew