Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1901-01-28
RAILWAY PROPOSITION.
Favorable Action Taken on Santa
Fe, Albuquerque & Pacific,
IMPORTANT MATTERS CONSIDERED.


and many other gentlemen who are
ever interested In the progress and up
building Of his city, assembled in the
club rooms last Saturday evening to
listen to the report OF the special COM
mittee on the proposition OF the Santa
Fe. Albuquerque a. Pacific Railroad
company. Mayor Marion vas present
and presided over the meeting, AMI r.
+. McCanna. the seer tary, read the
committees report on the proposition,
which was as follows.
Whereas, The Santa Fe, Albuquerque
q Pacific Railroad company has sub
mitted, through the Commercial club,
a proposition to the citizens OF Albu-
aueraue to subscribe 10 the cspita
stock Of said company 20 the amount
of s150.000 upon conditions set out In
q communication OF January II. 1901.
therefore, be Il
Resolved. That the Commercial club
endorses said proposition and heartily
recommends It to the favorable con
~sideration of the public; provided, that
the subscription papers 20 be signed by
he intending purchasers be substan-
tally in the following form, which Is
not In effect any serious departure fro II
what is indicated in the letter from
the company;
We, the undersigned. hereby sever
ally subscribe for stock in the santa
Fe, Albuquerque n Pacific Railway
company TO the amount in money sst
opposite our respective signatures.
upon the following conditions, viz.
First-That the company shall build.
equip n nj in operation a line OF
standard gauge railroad from sania F.
to Albuquerque by the most piactic =
BILE route near San Pedro and through
Tfjeras canon, and an extension or
branch OF said line from some convent
ent point south OF san Pedro to a con-
nection with the line of the Chicago.
Rock Island 4 Pacific railroad to be
built from Liberal. Kan, TO. a come,
ton with the Fl Paso q Northeaa ern
railroad, but that no money shan BE-
due or payable on our susbcriot,oas
until such railroad 10 built. equipped
and in operation.
6econd-That the company will IS
tablish and maintain Its business head.
quarters and general offices at Al5u-
auerque, and viii locate It's freight and
passenger depots within the present
limits OF the city OF Albuquerque. and
not more than one-half mile from the
intersection OF Railroad avenue and
Second street.
Third-That the total amour. of
stock issued by said company shall not
exceed 50. 500, 600, and hat no stock of
h company shall have any superiority
or preference over our stock. and that
II h company issue any preferred
stock, our STOCK Is to be Of that class.
Fourth-That the company shall not
issue bonds. secured by a lien upon ~
s20,O00 per mile.
Fifth-That u subscriptions shall
be u n payable upon completion
OF the railroad. as provided in the first
OF these conditions, 20 per cent thereof
to be paid within thirty days after call
by the directors. such call to be made
only after the Dad is open to trafic
and In actual operation, and the re-
malnder to be paid In four other equal
payments, payable respectively at ihe
end OF each successive period of thirty
days thereafter. until the whole IL paid.
Sixth-That the railroad shall be built
as set out In the first of these condl-
lions and in operation on or b fore the
first day OF March. 1903. or otherwi Q
these subscriptions shall become void
and OF no effect.
Much discussion followed the read
ing OF the report, but 1t was unani-
mously accepted and adopted by the
club. 1t was moved and seconded that
the secretary forward a copy OF the
resolution as adopted to the members
OF the railroad company. II the re-
port was favorable to the company the
president was authorized 70 select a
committee to secure the required
amount OF subscriptions to the capital
stock of the
The attention OF the club was cal 81
to the International dam scaens,
which threatened the entire tNritory
OF New Mexico by ex-Delegats IA b.
Ferguson. He spoke OF the influence
which he politicians OF Mexico
and Texas were bringing to bear upon
congress regarding the waters OF the
RIO Grande. IN shovel the mp d tan 9
Of immediate steps being taken in tn
matters by every citizen OF the ter.
ritory.
Delegate-elect d. s. Rodey arose and
spoke of his oorrespondence@with Sem
I Money. who declared that he was
for New Mexico first, last and all the
time. Upon suggestion OF Mayor Mar
ron. Mr.. Rodey recommended the franz
ing of a resolution by the club, pro-
testing 10 the committee on foreign 10
lations against any measure mat woull
inJure the water rights OF New Next
cans. and asking the supreme court T.
publish the briefs OF the case now pend
ing regarding the Elephant Butte dan
controversy. In order that full infor-
nation az TO the facts might be al
had. The motion that such a resolu'
ton be passed was made by Mr.. Fer,
gussan and was carried.
Governor Slower made a motion tC
the effect hat all boards of county
commissioners n all civic organlEi.
lions pass similar resolutions which
was favorably received n carried.