El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-10-28
Ell PASO NORTHEASTERN
C. Ii. EDDY'S SAGACITY, PLUCK AND
PERSEVERANCE CARRY THE DAY.
Extensive Coal Fields, Magnificent Agri
cultural Lands, Vast Mineral Regions
and Fine Lands Reached.

A business enterprise, resting upon
the most substantial basis ard that will
prove of vast and mOmentOu5 benefit to
southea stern New Mexico in particular
and to the territory in general, besides
| being of great interest to the southwest
was inaugurated in this city today. 1t
| is called the
Ell PASO s. NORTHEASTERN RAILWAY
and The following are the al ticles of in
| corporation;
| Articles of inco ~poration of the E.
| Paso & Northeastern Railway com pany
as fled in the territorial secretary s
office this morning.
We, tn undersigned, all being per-
IONS of full age and citizens OF tho
United States, desiring to become q
corporation under and by virtue of the
provisions of the statutes Of the terri
| tory of New Mexico in such case made
and provided, do hereby certify as fol-
| lows:
The name Of the corporation is Gel
PasO & Northeastern Railway COM
pany."
The purpose for which it is formed
| is the building, equipplng, maintaining
and operating OF d line or lines OF rail-
road within The territory of New Mex
y
described.
The place where its principal bust
ness is to be transacted is Santa Fee. in
the county OF Santa Fe, territory of New
Mexico.
TIE term for which it is to exist is 80
years from the date OF the filing OF
these articles.
The humber ofits directors shall be
seven.
The amount Of it's capital stock,
which does not exec the amount
actually required for the purposes of
the corporation, as e7timated by com
petent engineers, and shown by the at
tidavit of Civil Engineer Harvey G.
Lowrie heretofore annexed, is two mil
liop, seven hundred thousand dollars,
So. 700 .0O0) divided into twenty-seven
thousand (2l ,O00l shares, of the par
value of one hundred dollars (&l00)
per share.
The amount of capital stock actually
subscribed is one hundred and fifty
thousand dollars S150,00O), and the
names and residences of the subscrib-
ers thereto and the amounts subscribed
by each, respectively, are as follows
Clarence d. Simpson, Scranton, Pa,
100 shares.
Charles B. Eddy, Eddy, N. NJ, 100
shares.
G, c. w. Lowrey. New York City, n
Y, 100 shares.
Rudolph 7. McCabe, New York City,
N. Y, 100 shares.
Benjamin S. Harmon. New York
City, N. Y, 100 shares.
John Davis, New York City, N. Y,
l 200 shares.
The termini of the road are: For
| the Southerly terminus, point in the
| county of Dona Ana, on the bound
| airy line between 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
and for the notherly terminus, a
point in the vicinity of the Salado coal
| fields, in the county of Lincoln in said
| territory.
The estimated length OF its road is one
hundred and fifty $50 miles.
| At least 10 per cent of the stock, sub
! scribed as above set forth, has been
paid to John Davis, residing at New
York City, N. Y. who is hereby ap-
pointed treasurer of the intended cor
poration.
| The permanent officers of the compa-
ny elected today at meeting held in
| the Palace hotel, are Charles B. Eddy,
EDDY, n. M; John 4. Eddy, Denver,
H. p. Simpson, S ;ranton, Pa; Benja-
min S. Harmon, New York; g. G.. w.
Lowrey, New York, ind w. A. Haw-
kips, Silver City, N. NJ.
| The following are officers of the cor.
poraton; Charles B. Eddy, president;
q. ID. Simpson, vice president: II. Il.
Simpson, treasurer, and Benjamin S
Harmon, secretary. The executive
committee consists Of Messrs. G.. b
Eddy, G. d. Simpson and b. s. Harm
on.
LENGTH OF ROUTE.
The trackage of the new road fol
the pI esent, is estimated at about 17(
miles, of which 20 miles will be n Tex.
rs and about $50 miles n New Mexico.
| The ten miles OF track north from +.
| PasO, construct d some years ago and
owred by the Gould estate, has beer
purchase d and turned over to the f
Paso & NortheasterD, and will be used
for the first ten miles of the road
The route will be from Ell Paso via
Fort Bliss into New Mexico, thence
up the Tularosa valley to the foot hill
of the Sacramento mountains, thence
North to the great coal fields arounC
the SalRdo and near White Oaks il
Lincoln county.
| OBJECTIVE POINT.
| The obj ective points, as far can be
gathered. are for the present the Goa
fields of bituminOus and coking cos |
situated around the Salado and White
Oaks in Lincoln county. The line
will run to point about midway be
tween Nogal and White Oaks, from
which point branch line of about /;
miles in length will be built to the Sa
the main line will run to the ricf
White Oaks mining camp. Th'