The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1908-06-27
RAILROAD
AGREEMENT

HUNLHVLIVI
Roswell this afternoon accepted the
offer of Ed Kennedy to construct a
railroad from Altus, Oklahoma, into
Roswell, and all that remains to be
done is to raise 100000 il guaran
teed cash, site for terminals and
right of way to the Texas line, east.
The acceptance was unanimously vot-
ed at a mass meeting at the CONNER
cial Club at two O'Clock, and a COM
mittee of seven was authorized to
close a contract with 1.-THE promoter
and president of the ROAD. Eighty-two
leading citizens, graphically all of
those present, signed hn agreement,
backing up the committee and agree
ing to support the move morally and
financially. From the interest shown
at the meeting the honey will be
raised and the railroadFis certainty
The action of the me- ass meeting fol-
lowed the reading by Yr. Kennedy of
his proposition, which provided the
above conditions andf the following
details: That the deeds and right--of-
way, along with thei securities, be
placed in a bank, payable to Ed Ken
nedy or his ssigns; that the survey
be commenced at th4 point it now
stops this side of Altts within three
months and at the Roswell end by
January 1, next, and the work be com
pleted as speedily ASH possible;. that
the road be completed from Roswell
to the Fort Worth & Denver railroad
within three years ffom date; that
the company build az 20-stall round
house here and make Roswell division
headquarters; that t1e road be of
standard guage and Equipment
Report of Morning Meeting.
Ed Kennedy, president of the Altus,
Roswell & Ell Paso Railroad Compa-
ny and promoter of fhat compa1y's
proposed railroad from Altus, Okla
homa, through Roswell to El Paso,
arrived last night from Ell Paso,
where he received a Broposition from
the Board of Trade relative to the ex-
tension of the road I'd the Pass City.
He is accompanied bb his wife, Col
E. K. Stinson, chief Engineer of the
road, and his son, w. V. Kennedy.
They are today consulting with the
leading spirits of Roswell relative to
this city doing it's part in putting the
road through.
A meeting of busiRess men was
held with the three Visiting gentle
men at Mayor G. A. Richardson's of
fee at eleven O'Clock. this morning
President Kellahin of Ehe Commercial
Club presiding. Therd the promoters
in a general way told of their plans
and expectations AMP put forward
their proposition, OILY il general
terms, to the business men. After a
little discussion the meeting adjourn
ed until two O'Clock Fthis afternoon,
at the Commercial Club, at which
time and place President Kennedy
stated that he would have his propo-
sitio1 in specific terms, ready to sign
up in black and whitk.
After President KefNahin's opening
explanation, Mr.. Kennedy was called
upon for any statement or proposition
he might desire to make. Mr.. Ken
nedy, in turn, called upon his engi-
neer, Col. Stinson, ito explain just
what the company haR done and their
plans of operation. I1f brief, Col Stin-
son said:
"Our company is the Altus, Roswell
e FL PasO Railroad COMPANY, organ
lied and Incorporated under the laws
Of Oklahoma and capitalized with
stock of SO ,000,0 900. Aktual work start
ed on the road at Altus last March,
but the plan has beeh developing for
a number of years IN the minds of
Oklahoma business 4nen, who under
stand the tonnage knd business of
western Oklahoma a1d the Panhandle
of Texas and New Mexico. Altus is
a town of 5000 people and has guar
anteed in satisfactory manner the
payment of S45 900. + The road has
been surveyed west Ito Hollis, dis
tance of Sc miles, aid the grade has
been completed to Dixie, fifteen miles
west of Altus. On4 hundred teams
are working on theF grade west OF
Duke toward Hollis Duke has $50
people, and has puf up $4,000 for
the road. Hollis has b 900 people, and
has put I'D $4,000. EAll three of the
towns that have contributed to the
enterprise have putt on additions to
their townsites and 3ready sold more
than enough lots to bay for their sub
scription-
seTo continue ouf work we have
contracted for 65 ,00OEties, pile driv-
er, and arranged fof steel and start
ed on the preparatory work for
bridge 1,7OO feet lonk across the Salt
branch of Red River, which is be-
tween Altus and Duke.
..Our plan is to btild twenty miles
of the road aad theh bond it, as the
law provides, thus securing enough
money to build another twenty miles
Then we will bond the second twenty
miles TO pay for thd third, and so on,
thus building the robd section by sec
tion until completed | don't see how
anything can stop It. What we want
is for Roswell to help us In small
uav The returns vklI come in within