Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-01-13
PLAN UNDER WAY TO
TAKE OVER MANY
SANTA FE LINES
Fifty Million Dollar Company Organ
iHcd for Apparent Purpose of Mcrg-
ing Management OF Railroads.

Phoenix. Ariz., Jan. i3.-FFom the
best information that can be obtain
ed, though Il is not official the santa
Fe Railroad company has placed all
It's subsidiary lines In tho southwest
under the management OF a 69,e0e.-
600 corporation % be known as the
California Arizona and Santa Fe
Railroad company. This step is quite
similar 10 that taken by the SOUTH
orn Pacific when il placed all its sub
sidiary southwestern lines IN one
corporation known as the Arizona
Eastern. also with a capital stock OF
$50. 600. 600.
The warrant for this story Is found
In the films with the auditor OF tho
territory the other day OF a copy Of
the articles Of incorporation of the
California Arizona and santa Fe
Railroad company organized IN Cali
fornia recently with headquarters In
Los Angeles and with capital stock
Of $50. 400, 900. The stock is 500 per
share and 2425 shares OF stock was
paid In at the time OF incorporation
one share each Is owned by a. g..
Wells, !. l.. Hibbard, John J. hyrne'
T.. w. Camp, and @. Holterhom Jr,
treasurer OF the company. The rest
al the stock issued belongs 70 the A..
IT & r, r. Railway company
The articles state that the purpose
Of the company Is To- own, construct
and operate line between Needles
and Mojave, Cal, ana such other con-
Meeting or branch and subsidiary
lines as Il stall construct or acquire,
The articles were filed by santa Fe
attorneys IN this city and they were
applied 70 for further Information out
replied that they knew nothing about
the mans OF the company; that the
articles were forwarded 10 them for
niing and that attended TO their con-
ceFn with the incident was over II
Is here the speculative part Of the
story arises ana Is deduccd from well
known conditions and articles that
have appeared from time 10 time In
the Los Angeles papers
IL is common knowledge that the
section OF what Is known az the san
IA Fe line between Needles and Mo-
have. was owned for many years by
the Southern Pacific and leased 10
the Santa Fe 1t was equally as wei
known that the road from BENSON %
Guaymas was owned by the santa re
and leased by the Southern Pacific.
| Il Is also a matter OF common belief
that an exchange was made In respect
Of these properties some years ago.
II h not likely the santa re wishes
90 parallel its own line from Needles
90 Mohave hut Il is very plausible That
the new company Was formed 90 ac-
quire tho TITLE 10 that section 81 the
Il "A a 80
II Is also reasonable 90 suppose that
the economical oporatiea of the nu-
mcrous santa Fe branches Ia this ter
rltory would be furthored by con-
soliduting them an Do ono larger cor
pOratlon. This has beon done or ~
Ia process Of being done can only be
conioctured but would appear quite
natural Tho lines that II would nat
urally be supposed would be includ-
ed in this consolidation would be the
local s, y. y. a = system including
lts main line. tho Bradshaw llno the
Prescott a Eastern. thc Poland line
and the Arizona ana california The
| lncorpOrators mentioned in the be-
/ ginning are named as directors Of the
new corporation though the names OF
che officers are not riveu.
n is not apparent AZ this time that
there is 20 be any Change Ia the op-
Grafton Of the lines o1cept better
business organization Ia that Il VIII
require less bookkeeping and conduee
10 greater economy 10 have ell the
lutte roads embraced la one bis man'
agememt,
For the best saddle horses IN the