El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-07-22

Every tie and rail upon 1T has been
taken up and replaced with new ties
and rails. There will not be at the end
of che present year a single rail lying
upon the track between Chicago and
San Diego that WAS there when the At
Gibson failed. Wooden bridges have
been replaced by steel or masonry
structures. All of the ties now being
put into the property are treated chem
tcally SO as to extend their life many
years. This temporarily results in an
unusual increase of operating expenses,
put will in the years to come largely
decrease the charge made necessary
by tie renewals. All bridge timber is
likewise treated chemically.
HIGH OPERATING EXPENSES.
All of these improvements have re-
quired large expenditures and caused
the operating expenses of the system
to be unusually high.
The new company has acquired
line extending to the timber forests of
eastern Texas. is now engaged in de-
veloping Oklahoma and Indian Terri
tory, has assisted in the completion of
line through southeastern New Next
co, which connects with the Panhandle
extension of the Atchisou, has acquir-
ed the Atlantic and Pacific railroad,
as above stated and leased for q term
of 999 years the Mohsve division of
the Southern Pacific. The later ar
rangement was brought about in
consideration of the Atchison's leasing
for like term and like rental to the
Southern Pacific the Sonora railway,
extending from Benson to the Gulf of
California. The benefit of this to the
Atchison is that the Sonora railway
never yielded any income to the Atchi-
son, while the Atlantic and Pacific
was required to pay over S400. 900 as
rental to the Southern Pacific for the
Mohave division.
Now the Atchison company has equal
rights with the Southern Pacific over
the line in question, paying the rental
named and proportion of the Operat-
ing and sintenance charges, upon a
wheeling basis. The line will be COM
pleted into San Francisco before Jan
uary l.
THE DIRECTORS
The present board of directors con-
sists of Ed ward J. Berwind, coal oper
ator; Benjamin P. Cheney, Jr., Boston
capitalist; II. Reman Duval, until re-
Gently president of the Florida Central
and Peninsula Railroad company:
s6s New Fork 6 pessiden' asd
Western Railway company; Edward N.
Gibbs, treasurer of the New York Life
Insurance company: Charles S. Gleed,
q prominent lawyer of Topeka: George
G. Haven, financier OF New York: r.
Somers Hayes, president of the St.
Paul and Duluth railroad company and
of the Metropolitan Elevated railroad
company of Chicago: Cyrus K. Holli-
day, the first president of the road:
Andrew G. Jobes, banker of Wichita,
Kan: Victor MOrawetz, author of we'll
known works on corporation law:
George A. Nickerson of Boston: Ed
ward p. Ripley. president; William
Rotch of Boston, and Aldace F. Walk
err, for many years member of the in
terstate commerce commission.
STATISTICS IN CONTRAST.
The present chief officers are:
K. z. Ripley, president.
E. ID. Kenna, first vice president,
law, taxes and lands.
Paul Morton, second vice president,
traffic.
J. NJ. Barr, third vice president.
operation.
1t is Interesting to note in conclusion,
what might be called the vital statis-
tics of the present in contrast with
those obtaining at the time of reorgan
ization. They are a fit companion
piece to that marvellous increase in
value of securities given in detail
the average amount of wages paid
monthly and the mileage of the system
at the two dates, together with the
bonded debt and the interest charge
on the same, are as follows:
Number of employees on June
~, 1879. ................. 2o.4UU
Average amount OF wages
paid monthly. 81, 25S, 1913
Mileage and names of roads on June
80, 1895:
Atchison, Topeka aud Sa ia
Fe railroad ...... 1852
Gulf, Colorado and Santa Fe
railway. l,OoS
Allan tic and Pacific railroad SOC
Southern California railway 49l
Number of employees on June
81, 1879. ............ 81, 4OO
Average amount of wages
paid monthly. ...... 80. 81 APO, 600
Mileage and uames of roads compos-
ing system June 30, 1899:
Atchison, Topeka and Santa
Fe railway. .............. 4,69S
Gulf, Colorado and Santa Re
railway. ..... 1,127
Santa Fs Pacific railroad. -. 500
Southern California railway 4S7
Bonded debt June 80, 1895. .233 900 900
Yearly interest on same. $3.50, 900
Bonded debt June 30, 1899
INCLUDING adjustment
mortgage bonds, .1S4, 400 600
Yearly interest on same 80. 1920 900
Chicago Times-Herald.
Summer Rates
Commencing June 1st and continuing