Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-10-21
TRAINS TO RUN In TWELVE MONTHS

A business enterprise, resting upon the
most substantial basis and that will
prove of vast and momentous benefit to
southeastern New Mexico in particular
and to the territory in general, besides
being of great interest to the southwest
was inaugurated in this city to day. 1t is
called
THE Ell PAso & NORTHEASTERN RAILWAY
and the following are the articles of in
corporation:
Articles of incorporation of the Ell
Paso & Northeastern Railway Company
as filed in the territorial secretary q
Office this morning.
We, the undersigned, all being persons
of full age aud citizens of the United
States, desiring to become corporation
under and by virtue of the provisions of
the statutes of the territory of New Mex
leo in such case made and provided, do
hereby certify as follows:
The name of the corporation is Sci
Peso & Northeastern Railway company"
The purpose for which it is formed is
the building, equipping, maintaining and
operating of line or lines of railroad
within the territory of New Mexico, as
hereinafter more particularly described.
The place where its principal business
is to be transacted is Santa Fe, in the
county of Santa Fe, territory of New
Mexico.
The term for which it is to exist is so
years from the date of the fling of these
articles.
The number of it's directors shall be
seven.
The amount of It's capital stock, which
does not exceed the amount actually re.
qaired for the purposes of the corpora
tion, as estimated by competent engi-
neers, and shown by the affidavit of Civil
Engineer Harvey @. Lowrie heretofore
annexed, Is two million, seven hundred
thousand dollars ($2,7OO,OO0) divided into
twenty seven thousand (27,000) shares, of
the par value of one hundred dollars
($l00) per share.
The amount of capital stock actually
subscribed is one hundred and fifty thous-
and dollars ($150,000), and the names and
residences of the subscribers thereto and
the mounts subscribed by each, respect
lively, are as follows:
Clarence d. Sim son, Scranton, Pa,
100 shares.
Charles B. Eddy, Eddy, N. NJ, 100
shares.
G. O. W. Lowrey, New York City, N. Y,
100 shares.
Rudolph T. McCsbe, New York City, N.
Y, 100 shares.
Benjamin =. Harmon, New York City,
N. Y, 100 shares.
John Davis, New York City, N. Y, 1000
shares.
The termini of the road are: For the
southerly terminus, point in the county
of Dona Ana, on the boundary line be-
tween the territory of New Mexico and
the state of Texas, where connection shall
be made with line of road running to
the city of Ell Paso, Tex; and for the
northerly terminus, point in the vi,ini-
ty of the Salado coal fields, in the county
of Lincoln in said territory.
The estimated length of it's road is one
hundred and fifty (5O) miles.
At least 10 per cent of tie stock, sub
scribed as above set forth, has been paid
to John Davis, residing at New York City,
N. Y, who is hereby appointed treasurer
of the intended corporation.
The permanent officers of the company
elected today at meeting held in the
Palace hotel, are Charles B. Eddy, Eddy,
N. M; John A. Eddy, Denver, Colo; @. D.
Simpson, Scranton, Pa; H. P. Simpson,
Scranton, Pa; Ben jamln s. Harmon, New
York; q. G. W. LowreY, New York, and w.
A. Hawkins, Silver City, N. Nj.
The following are the officers of the
Charles B. Eddy, president;
9. d. Simpson, vics president; Il. B.
simpson, treasurer, and Benjam 8.
Harmon, secretary. The executive com
nittee consists of Messrs. O. B. Eddy, O.
D. Simpson and B. s. Harmon.
LENGTH OF ROUTE.
The trackage of the new road, for the
present, is estimated at about 40 miles,
If which 20 miles will be in Texas and
Ibout $50 miles in New Mexico. The ten
niles of track north from Ell Paso, con-
'truoted some years ago and owned by
he Gould estate, has been purchased and
urned over to the Ell Paso d Northeast
I'm, and will be used for the first ten
niles of the road. The route will be from
81 Paso via Fort Bliss into New Mexico,
hence up the Tulaross valley to the foot
Hills of the Sacramento mountains, thence
forth to the great GOAL fields around the
,alado and near White Oaks in Lincoln
county.
OBJECTIVE POINT.
ri
The objective points, as far as can be
gathered, are for the present the coal
ields of bituminous and cooking coal,
ituated around the Salado and White