The herald., 1897-06-17
But Union Pacific Action
Is Feared
DECENTRALIZATION OF RATES
WILL FOLLOW THE REFUSAL TO
COOPERATE
A Colorado Railroad Incorporated
and Another for Sale-Rumored
Robbery Of the Santa Fe
Associated Press Special Wire.

Associated Press Special Wire.
CHICAGO, June 16--The executive Of
flcers of the western roads held an in
formal conference this afternoon to dis
cuss the withdrawal of the Union Pacific
from the Western Passenger association.
Nothing was done at the meeting, but 1t
| is undoubtedly fact that the roads view
the situation with considerable appre-
hersion. The refusal of the Union Pa
| cfic to cooperate with any of the asso-
citation roads in any way cannot but
have the effect of demoralizing the rates
Of all the roads who have business pass
| ing through the Ogden gateway.
! Late this afternoon the Alton and
| Northwestern railroads announced that
they would side with the Union Pacific
The lines have not withdrawn from the
Western Passenger association, but their
action amounts to practically the same
thing. A meeting of the executive off,
GERS will be held tomorrow, and an at
tempt made to patch up a peace, but If
1t is not successful it Is difficult to see
how war in passenger rates, covering
all the territory between Chicago and
Ogden can be avoided.
ROAD BUILDING
DENVER, Col. June ia special to
the Rocky Mountain News from Santa
Fe, N. NJ, says: The Pecos Valley and
Northeastern Railroad company filed
amended articles of Incorporation with
the territorial secretary today, setting
forth the fact that j. j. Hagerman and
n Of 40 l.
ized to construct railway line from
Roswell, N, M, to the Texas Panhandle
to connect with lines at Amarillo, Wash
burn or Panhandle City. The distance
is 220 miles. The capital stock is sc, ,0O0,-
900, and the amount actually subscribed
and paid over to Percy Hagerman,
treasurer, is $220,OO0 The new company
proposes to purchase the Pecos Valley
railroad, running from Pecos City Tex,
to Roswell, and for this purpose the new
company will issue S1,620 shares of its
preferred stock. The directors are j. J.
Hagerman, w. A. Otis, r. j. Bolles of
Colorado Springs, e. o. Faulkner of
Eddy. N. M. E. W. Kenna, Chicago; D.
NJ. Cool, st. Louis; ]. w. Poe, Roswell
and Charles A Otis, New York. The
offices are at Eddy and Colorado Springs.
| Receiver George w. Ristine of the
| Colorado Midland received information
| today that the Colorado Midland would
be sold early in August His letter
stated that the committee having in
charge the reorganization of the road
would meet at 81 Wall street in New
York, July 18th to consider the plans
that have been formulated After the
committee agrees upon report to the
bondholders in this country the capital
lists interested will have the prvileg Of
examining the plans and making any
suggestions or alterations that they may
deem fit.
Receiver Ristine said today that he
was not aware of the smallest detail of
the reorganization plan, and that none
of the capitalists interested had been
apprised of the contents of the document
that was sent from New York to Lon
don on the steamer that sailed last Sat-
urday.
RUMORED ROBBERY
TOPEKA, Kan, June 16.-General
Manager j. J. Frey of the Santa Fe de-
clined to say today whether or not there
was any truth in the rumors that the
company had been swindled by padded
pay rolls. 1t is positively known, how
ever, that an examination of the books
all over the system is in progress for
the purpose of determining whether the
company has been paying for men who
have not worked for it,
State Superintendent Stryker declares
that at the next melting of the executive
council, June 30th, he will introduce a
resolution to remove Ex-Governor E. D.
Lewelling from the state board Of rail-
road commissioners until he should
choose to resign. Superintendent Stry-
ker says as in the recent legislative in
vestigation the testimony of Harry Lam
dis and State Senator Harris warrants
his removal and he has made up his
subject