Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-06-24
{. P.8 s. VI LINES
CONSOLIDATED N
ONE SYSTEM


fhoenlK. AriE, June 2i.--Tho ap.
plicatlon Of the El Paso and South
western itallruad company ana a,
Subsidiary lines. 10 tho Arizona cor.
poratlon commission asking permits
sion 10 absorb and consolidate ths
entire holdings Of tho system into ons
large company under the laws Of the
state VI Arisona which was filed some
weeks hack and upon which Chair
man Ocary and Attorney General Bui.
lard made an inspection OF tho en-
tire lines. was brought up again be-
fore the commission and an
ordcr nrantinE the amalgaiaation
was Issued Hereafter the line OF
railroad running from Tucson. Arts.
Through Douglas to Ei paso and
thence northeast to Dawson. n. NJ.
comprising IN all "a magnificent sys-
tom Of nearly 300 miles viii DO one
company known az the ~ paso and
Southwestern system ana operating
under the charter granted in tho first
place some years ago BY the state OF
Arizona. The RI Paso and south
western system II the largest Arizona
railroad In operation.
ing language; "The hearing had With
reference TO the matters and things
alleged In the petition herein devel-
ops that the FL Paso and Southwest.
ern Railroad company deems II es-
sential % consolidate and merge It's
corporate properties and franchises
to aud with the corporate properties
81 the following named and described
railroad corporations. to-wit;
The Dawson Railway company.
which owns and operates = railway
from Dawson n. 81. to Tucumcari.
n. NJ. the ri Paso and Rock Island
Railway company. which owns and
operates a railway from Santa Rosa
10 Carrixoxo In New Mexico: the ~
7 aso and Northeastern Railway com
pany. which owns and operates
hne Of railroad from Carfizozo and
Captain. n. NJ, 10 the boundary line
between New Mexico and Texas: tho
Alamogordo and Sacramento Noun
tain Railway company which owns
and operates a line OF railroad from
Alamogordo 90 Cloudcroft and Russia,
n. NJ; and ihe Burro Mountain Ran
road company which owns line Of
fRiNFfAN INV Rftuk ANHhtIufltu iItUl
near Tyrone 10 whitewater, n. NJ
After having heard an the testimony
introduced herein and having caused
an inspection 10 be made OF tho Hines
% railroad 80 proposing to consol
date; this commission Is OF tho OPP
Union and finds as follows;
First--rhe petitioner. the Ei ras3
A Southwestern Railroad company. Is
a corporation aHly organized under
the laws OF the state OF Arizonn nnd
owns and operates main line Of rail.
road from Tucson. Arizona. 20 point
on tho boundary line between tho
states Of Texas and New Mex;ro lm-
mediately west OF the city Il El
Paso. Texas. and owns and operates
branch lines Of said main line extend
ing respectively as follows. to.wlt.
From Douglas 10 CcurtieHd. from
Osborn 10 Bisbee: from Fairbanks 10
Benson: from Benson 20 Tombstone:
and from Corta 60 lowell. nll 81 the
last named points being situntcd In
the state of Arizona. AMI from pcm-
ing. n. NJ, to Vormaans. y. NJ. the
entire mileage OF which a5y.33
miles.
IAN ~ the said corporations men
TONED above AS existing In New Mex
leo are organized under the laws az
New Mexico. aud represent total
mileage OF i4O.fi miles. And Il also
appearing that the amount OF corpoT-
ste securities represented by the stock |
and bonds OF each OF said corpora
ions Is in accordance with the fol- !
owing table. to-wit.
"E. =. A. n. E., bonds, s2.7OO. 600. |
ssued November I, 1897. mature Nov |
|, 1917; al five pee cent outstanding |
stock. s2.50O. O0o
"A. a. 5. NJ, $4,000 bonds issued |
April, 1898, maturing 1878, at five per |
'ent with outstanding stock $500. 900. |
80. Y, A. r.. L.. $500. O0O bonds. /
Ian. I. 1891. maturing Jan 4. 1861.
It five per cent. stock for the same
imount.
Dawson Ry Co. s3,000. OOO bonds |
'ame as above stock the same.
"E. =, a. =. W, t5.055. O0O. Jan. 1.
sea, maturing Jan. /. 1898. with stf,-
100, Geo OF stock"
The opinion goes on TO say that |
ZONE 81 the lines are competing lines,
lnd that the physical valuation as
'hown by the inspection OF the roads |
n tho two states Is nearly the same. |
lut that the New Mexico roads con
luct more expensive transportation |
business than do the Arizona roads. |
hat the affairs Of both systems are |
conducted under the same manaRe
nent; ana that Il would b. greatly |
o tho advantage 81 the projects Of |
he Joint system. the extensions and |
,etierments ~ the two companies. the /
rider In therefore granted provided |
hat under no consideration shall the
'ntiro issue Of the capital stock and
'ondod indebtedness 81 tho consoli-
lated company exceed without fur
her consent OF the commission the
otal Of the outstanding stock and
londed Indebtedness OF the separate
The order and opinion IA signed by /
n three OF the commissioners. The
.hoie thing II thought to mean an
Ultimate extension Of the system 10
he coast through Phoenix.
Impure blood runs YOU down
makes you an easy victim for disease.