Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-11-08
SOUTHERN PACIFIC
LINE DELAYED IN
new MEXICO
Understood big Business
viii Wait Until Constitutional
Conventions Are Through
With Work, -,3a.
Especial Correspondence to MorylA< journal


Pennington, n. Nj, Nov. 5.-Tht
disappointing news mas reached here
that the southern Pacific
project which was TO open up to de-
veiopment a large area in western
New Mexico, has been indefinitely de
layed. 1t is understood the cause ol
the delay is the fact that the capital
lists back of the project want to wait
and find out what the attitude of the
new state will be toward railroad cor
porations and railroad building. The
Pennington Times Hustler has the
following details:
on Saturday ]. W. Reagan arrived
in town in an automobile in company
with Col. =. r. Day, Day went on
through to S%hiprock, while Reagan
stopped here and asked for an inter-
view with some OF our business men
who had been active in the railroad
work of last spring.
A meeting was held In the First Ma
tional bank rooms, At this meeting
Mr.. Reagan showed a letter from
Epes Randolph and had il read that
stated the work of construction on the
Defiance Durango line had been indef-
initely delayed. He requested Mr..
Reagan TO come up here personally
and inform the people Of this county
ana La Plata county, Colorado. OF this
decision and express to them his
(Randolph's) regret that such a de-
clsion had been reached.
No definite cause was assigned tor
this decision. 1t was stated that this
decision had not been reached until
october IA, when immediate steps
were taken to give the people Of san
Juan county the information. The
Of this section have every
reason to feel kindly towards Col.
Epes Randolph and Engineer Reagan
for the assistance they nave rendered
us, even If II has not resulted in the
construction FOR which we had
to expect. That the present decision
not due 10 their advice all can rest
Let us tell You why we see no
cause for discouraEement in the pres
cnt situation. We believe first that
political considerations have more TO
with the delay than ANYTHING else.
The making OF two constitutions in
the territory to be covered and SOME
pending court. Interstate commerce
commission decision have decided
big business TO call "a halt on further
development for a time. In addition
% an thH is the general progressive
nOvemcN 90 which big business would
most q, jniy discredit If II could.
These nv" opinion are the primary
'auses, th& 5h IL is evident that since
IIarriman's death the managers OF
Hartman system have . con-
inued the aggressive policy Of con-
'trdction that Hartman did. Epes
randolph like Hartman is a builder.
ie believes in and takes pride in new
and development.
But aside from all this, the fact is
apparent that there is abundant mon
" for investment in railroads where
dividend returns can be assur-
d. Let us show you that such is the
with this proposed line. This
Dad from Pennington TO Gallup or
Defiance can be constructed in first
lass shape at a cost OF $4,000 per
nile. It is not a difficult line to build
nd will be easy to maintain and op-
rate. At $4,000 per mile that would
make the cost about $500. 600, Per-
to secure this amount in cash !
ONE SO. 900. 600 of stock and bonds !
would need to be issued. This would
mean an interest charge of $4,000
er year. Now when anyone stops to
igure the tonnage possibilities OF
his section and places them in con |
rust with the interest charge and the
perating expenses they cannot fail
. see that this line is one OF the best, I
not the very best in the United
We want the Southern Pacific to
uild the line il ii viii. but If IL viii
OF, let tho boosters of the towns and
srritory interested take hold of the |
In a business like but cnerget-
manner and We can have The road
.n0nced beyond a doubt.