Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-08-15
FORTY THOUSAND IS
SUBSCRIBED FOR
TROLLEY LINE
LAS VEGAS BUSINESS MEN
AFTER BIG ENTERPRISE
Everybody Gets Together in
Effort to Secure Railroad
Through Taos and Nora With
Terminus in Meadow City,

Especial Correspondence Morning Journal
East Las Vegas. n. NJ. Aug. a.
Las Vegas business men are getting
together with 4 ush In a strong and
determined effort TO secure the ter
minus Of the Mora-Taos electric rail-
road proposed by ST. Louis capitalists
and one Of the largest enterprises Of
the year IN New Mexico.
A committee Of the foremost busi-
mss men Of the city has started a
campaign. 10 raise a substantial stock
subscription which viii Insure That
Las Vegas gets the terminus of the
line. The members of the committee
! alone have subscribed the g sum
Of $40, 900 to the stock, the following
subscriptions having been announced.
J. NJ. Cunningham, for the san
Miguel National bank. $4,000.
jefferson Reynolds, for the First
National bank, $4,000.
Felix Martinez, $1,000.
H. W Kelly, Of Gross. Kelly q Coz
$4,000.
Charles ufcld, Of Held 4 co..,
$4,000.
william 4. Buddcke. $4,000.
The committee has also issued the
following statement setting forth the
plans Of the committee and h adj
vantages Of securing the line which
will bring a magnificent territory into
close touch with Las Vegas.
Whereas. the Commercial club of
East Las Vegas a appointed a COM
mittee of five for the purpose Of de-
vising waye and means to formulate a
plan to raise the sum Of one hundred
st-..-...a 4.tI... 49,. ...v... .... to
wards the completing and final con-
struction of an electric railroad be-
tween the city Of Las Vegas, in the
county Of san Miguel and the town
OF Mora. in the county OF Mora, and
Whereas, the said committee has
been selected with the power to act,
therefore.
he It resolved. by the unanimous
opinion Of the said committee. That
we agree to forthwith proceed TO
raise the said sum with the necessary
provisions for the protection of the
Interest of the subscribers and the
successful promotion OF the enter
prise, and
BE 1t further resolved. That 1t Is
the opinion and the sense of this
committee that as % u as the full
amount OF the said sum of onc hun
dred thousand dollars iE duly sub
scribed. that a meeting of stockhuld-
ers who shall represent the major
ity Of the said stock subscribed. shall
be held upon five days notice given
by the secretary Of this committee In
order to properly organize the said
corporation for the purpose OF pro-
cccding TO finally establish the enter
prise.
20 II further resolved. That his
committee hereby appoints Mcssrs. W
q. Hayden and a. A. Jones as the at
tori eys to draw the paper and legal
foru Of subscription to be presented
TO tsc subscribers forthwith. And
Pc it further resolved. That the
subscription made by the respective
citizens and subscribers shah be un-
den 'ood 10 Doe made for the bonds 10
be isued by the said company duly
org ni1cd under the following coudi-
lions.
First, that the provisions of tho
subs ription of the contract or agree
mcut shall be that the sum set oppo-
site the respective names shall mot be-
pay bile under the conditions herein
after sol forth until the fun sum of
ono hundred thousand dollars shall
hHyo boon subscribed
Second. that upon the fun suhscrip-
tlon OF one hundred thousand dollars
the committee OF ways and means will
use its own discretion as 90 when to
call for the first ten per cent of The
said subscription to be used for the
preliminary expenses of right ct way.
rHfrs.t. ...H .NN..r h.. -
the prosecution Of the said enterprise
Third. hat the remaining ninety
thousand dollars OF said subscription
shal not be payable until buyers for
the remaining amount of bonds nee
cssary for the construction and equip
meut Of the railroad shall bee found.
Fourth. that % shall bee optional
with the purchasers OF tho maiorit,
of the said bonds 60 either allow thc
subscribers Of the said one hundred
thousand dollars OF the bonds of .lid
company To remain as pur, ha-er- of
said bonds cor they shall have tho
privilege or returning their none,
thus subscribed and thus acquired i
run subscription OF The said bond. ana
stock.
a motion was made. duiN seconded
and carried mat MI. william n Bud
deeke be appointed as % representa-
tive Of the committee 90 ways ana
means Ia the promotion and further
ancc Of the projected railroad Zoo cone
junction with said committee.
The committee recommends that 900
citizens Of both towns use their best
cndcsvors TO promote thc success OF
the projected railroad enterprise to
Mora A. tho first step towards ths
final success and unity of ih, come
munweaith.
ON motion dulN made. seconded and
carried Mr ". a. Hayden was uu8rI-
mnusiy elected secretary of the come
mIffes
j. NJ CUNNINGHAM.
FELIN MARITIME.
n ". KELLY.
CHAS ILFELn.
WILLIAM A. HIfppECKE