El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-12-22
Mr.. EDDY'S
HANDS FULL
Too Many Duties To Perform
Now To Undertake
ANOTHER BIGENTERPRiSE
Will Take Up Something Else, How
ever, When His Road Requires
Less of His Time.

1t has been minated on good
authority that G. B. Eddy, president
of the Ell Paso and Northeastern rail-
road, has been figuring for some time
past on consolidation of the electric
light and power and street railway
interests in Ell Paso, and that his re-.
cent trip east was for the purpose oil
interesting eastern capital in such a
project.
Mr.. Eddy was seen last night at the
Van Blarcon and the question put to
him whether this Is true. He denied
it squsrely and absolutely. He said
81 have not been working toward this
end, nor have l been thinking about it.
If 1 had taken it up 1 should have
pushed it through. l have never un-
dertaken anything of the sort yet that
l did not accomplish.
ST did not attempt to interest east
tern capitalists in any Ell Paso enter
prise. 1t is a pretty hard matter to
get eastern money to invest out here
now. There are q thousand oppor-
tunities for good Investment in the
east now to one in this part OF the
country. Everything booming down
there. Every man is investing every
dollar he can get hold of right at
home where he knows what he Is in
vesting in and that he is pretty sure of
quick returns. In the present state OF
prosperity everybody is looking for
QUICK returns. People want to turn
their money over rapidly. 1t there
fore takes something very aHuring in
deed to attract capital to any enter
prise here.
81 did not say that could not get it.
With my connections in the east 1
probably could, but I hadn't thought
about it. 1 have had my hands full
with my railroad aud have nOs been
able to think about any other. enter
prises. The road will soon be running
itself, however, and then 1 shall take
cd something else. What it will be I
haven't any idea.
~ think an electric street car line in
Ell Paso would be great thing for the
city. It would probably be paying
investment. though L haven't looked
into it at all and do not know. At any
rate it would be q good property to
hold, for the growth of the city will
mare 1t good investment soon II it
should not be now. 1 should be glad
indeed to see an electric line put in
here. The only way TO make 1t pay is
clearly to consolidate all the electric
light, power and street car lines.
ST do not believe it absolutely neces-
sary that any company contemplating
the operation of an electric line should
own the present mule line or lines. If
au electric line could not compete with
q mule line then civilization Is going
backward. The objection that the
mule line runs on the principal streets
amounts to nothing. The streets that
the electric line would run on would be
the principal streets"
Mr.. Eddy was told of the plans OF
the International Light & Power COM
pany and the interest that Juan A.
Creel has in It.. He said: "Mr. Creel
is a good man and undoubtedly has the
capital to make anything that he I'M
dertskes go. The company is pursu-
ing the right course and it should be
successful.
''At present l have not dollar in
vested in Ell Paso. 10 not say, how
ever, that L may not have in the flu
ture."