New-York tribune., 1903-05-28
MEXICO TO BUY SHARES
Government to Help National Ra'C-
road to Entend Lines.

Announcement is made that Speyer & Co. OF tilis
city and speyer Brothers. OF London nave agreed
with Mexico regarding the purchase ny the rePuoilc
o4 q large amount Of the several classes OF the
cor;+a1 e+ocl. Of the National railroad Of Mexico
If the sale is made the government Will transfer
to the bankers named for sale to the railroad com
many at cost its holding of 100000 "A per cent
second debenture stock of the Interoceanic ha1l-
u,av COMPANY Of Mexico CLinnited)- BY this ac-
cl1isition the National Railroad Company Of Mex
ico will with the stock Of the Interoceanic com
panv already owned. practically control the inter
oceanic railway
The Mexican Government will also procure from
TIE President Of Mexico. subject TO a legislative
ratification 2 concession guaranteeing that Tor q
period OF twenty years from October z, 4S'5 no
right. privilege or concession shall be granted oy
Mexico 10 any other person or corporation than lfle
National Railroad TO construct or operate any rail-
roa6 of env kind excepting branch local lines
connecting only with the trunk line Of the National
Railroad in large part Of the country 4 con
cession viii also provide for the consent OF the
hre1fcar7 Government to the consolidation Of the
National Railroad Company of Mexico. the Mex
,can tional Railroad Company. already con-
troIled by the former company, and the Inter
oceanic Railway Company, a total OF about S'3a'4
miles of road
The agreement with the government contem-
mates the conversion of the $33 $4,000 common stock
Of 1ha National Railroad Company into two classes
NJ stock Of which So 23 33 1-3 IS to be known as
second preferred stock and S1u6.666 % is 70 be
known q deferred STOCK 1he SSCOnC pIe1S--e-
stock is 10 be entitled to non-cuuulattve dividends
Nd TO but not exceeding per cent After the pay
oent within year Of dividends OF per cent on the
e,is+ins preferred stock and Of per cent on the
second preferred stock. holders of the second pre-
4erred stock and Of the deferred stock shan snare
eo,,ally in anv distribution Of dividends
Holders Of common stock holding trust certld-
Gates Of the National Railroad Of Mexico who de-
e; ro avail themselves OF the benefit Of this ar
-sgeroent must deposit their voting trust certifl-
cates here with speyer Co, or il London with
c,az,ar F2ra+hers or in Amsterdam with Tel1elra
Tle Ns+ros Brothers. on before June 10 speyer
& % ct the request OF the government ana the
National Railroad Company have agreed to act
4o- tan wears as the fiscal agents OF the company
Holders Of large amounts have alreany deposlteo
common stock voting trust certificates
r9,- +be absorption Of the Interoceanic Railway
connanv the National Railroad Of Mexioo's system
1,iu extend from Corpus Christi, Tex on the Gulf
of Mexico and from Eagle Pass tCludad Porhrlo
Diaz) on the Rio Grarde, TO the city OF MEXICO
gr5 To Vera Cruz on the Gulf, and westward as
far as Durango. whence extension will IN urne
he bTilt 10 the Pacific Practically its only com
s+tor IS the Mexican Central ZSl5 miles IN ells
Extending from FL Paso (Ciudad JuareZD on tIS
T5io C5~ande to the City Of Mexico ana TO tne Jun
mort Of Tarnplco-