El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-12-21
Will Be Made Within a Year,
Says President Eddy, of i
the Northeastern.
CAPTAIN COAL OUTPUT
To Be Increased At Once :
Other Railroad Develop
ments-Things East
Are Booming.

'F'rom the knowle 1ge 1 have gained
| OF the railroad situation On nv eastern
| trip, and as q result of conferences
| with various railroad officials and with
the people interested in our own road
l am prepared to pre1i thai within q
year an extension to the north and
west will be made or making with the
Ell Psso and Northeastern.
This is the statement made this
morning by President c. B. Eddy of
the Ell Paso aad Northeastern who has
returned, fresh and hearty looking
and invigorated, from six weeks trip
to New York and cities of the g ast.
During that time Mr.. Eddy has seen
every eastern man of prominence
interested in the New Mexico Coal and
Railroad company properties
and he has had ample opportunity to
discuss with the real powers of each
railroad interested the feasibility of an
extension. He therefore probably is
better informed than any one else re-
garding the exact status of railroad
'!Now to begin WITH said Mr..
Eddy, "the White Oaks roai will un-
der mo circumstance nor condition ex-
tend itself. As We have repeatedly said
and shown. the directors of the COM
pany are too swell satisfied with the
road as a paying proposition as it is,
and, between ourselves, it is now of far
more advantage to this city in develop
ing territory tributary to Ell Paso
than it can ever be as a party of
through line system.
ION the contrary. it is so much to the
interest of certain roads which are
headed this wsy to connect with US
that they are continually planning
ways and means of doing so. 1t is with
a knowledge of tn sse conditions that 1
made the statement that year from
now would see an extension
81 am not in position to say
further. can give no details regarding
the road which will make the first
move. l can only say that my own be-
liefis that we will have a connection
within year. Our road awaits such
an extension almost with indiffer-
euce.
"When will active operations begin,
do you think, Mr.. Eddy?"
mot until next year, certainly.
There is at present striagency in the
money market which all financiers
agree In thinking will be over after
the first of the year.
"No,' he added, in answer to a ques-
tion, "the price of steel will not pre-
vent railroad building. 1t is high and
will SO continue, and 1 do not believe
it will 60 down within the year.
LIFE IN THE EAST.
''All the east is simply in magnificent
shape, 1 never saw so much going on,
such wonderful improvements and so
many factories in operation. Wages
in all lines have increased. The indrs-
trial world has never been so progress
sive and SO prosperous.
SIN fact the prosperity in Industrial
lines explains the temporary tightness
Of money in the commercial world.
$50 much money has been invested
in industrials that there are stringen.
,les 10 financial circles. | think
though, with the best auth oritIes in
;he east, the stringency will be abated
lfter the first of the year and that even
he two recent failures in New York
Ind Boston will cause only a hief
1urry.
'New York is a marvel. Its growth
9 wonderful, and it seems, as it almost
8, the center of the universe. 1t is al
most impossible for man so far west
Is We are to realize how wonderfully
hey are progressing.
THE WHITE OAKS ROAD.
"All our directors in the east, each
# whom L saw personally, are i'm
nensely pleased with the road and it's
prospects, and none bad a thought Of
though all agreed one would
ome to US shortly.