Estancia news-herald. [volume] (Estancia, Torrance County, N.M.) 1912-19??, 1914-01-29
G. n. N. 8 P. SURE
SAYS D0bSON

about the sale of the New Mexi
co Central railroad and the build
ing Of extensions northwest ano
southeast, whereby it is to be
come the middle section of a line
from Roswell to the San Juan
valley, that it is coming to re-
semble Wilson's policy in Mexi
co-heap talk and no do.
However, even talk about it is
interesting, and hence we give
space to the following, from an
interview with E. w. Dobson,
attorney for the N. M. G., pub
lished in the Albuquerque Herald
last week:
Attorney E. w. Dobson re-
turned last night from Chicago
and Pittsburgh, where he has
been the past ten days with Col
w. 5. Hopewell, in connection
with the work of the newly or
ganized Gulf, New Mexico and
Pacific railroad. Colonel Dobson
returns thoroughly satisfied with
the progress of the plans of the
railway company, and certain
that the construction of the line,
its purchase of the New Mexico
Central, and extensions to Farm
ington and Roswell will be un-
der way within a comparatively
short time. or as quickly as the
mass of detail in connection with
a project of this magnitude can
be carried into effect.
Matters in connection with
the carrying out of the plans of
the Gulf, New Mexico and Pacif-
ic Railway company are progress
sing very satisfactorily" said
Colonel Dobson this morning.
Every indication now points to
the construction of the connect
ions and extensions proposed by
the company's charter, and l be-
lieve the situation could hardly
be more satisfactory.
There are some complications
with regard to that portion of
the road to be built between Mo-
riarty and Albuquerque, or the
Eastern, as it is
known, but these will not inter
fere in any way with progress
of the plans of the new railroad
corporation. Under the articles
of incorporation of the new COM
pany this portion of the new
road is to be constructed first.
But in the pending litigation
Judge L. G. Collins, as referee,
decided that the Albuquerque
Eastern bonds were invalid and
that the deed of trust
to secure these bonds was void,
and recommended the dismissal
of the complaint filed by the
Pittsburgh Trust company as
trustee on behalf of the owner
of the bonds. In view of this
situation the bondholders' COM
mittee would not and could not
guarantee any title to the part
of the New Mexico Central prop
critics known as the Albuquer-
que Eastern.
This decision by Judge Col
lins means that the creditors of
the Dominion Construction COM
pany, contractors for the Albu-
querque Eastern, have an equit-
able lien on the assets of that
company to the extent of $l88, 50C
and the exceptions filed by the
Pittsburgh Trust company to the
referees report were heard on
the fifth of this month, but have
not yet been determined. Ano
until the rights of the parties are
determined the holders of the
bonds cannot guarantee any
right or title to the Albuquerque
Eastern property.
II may say. however, that un
der our perfected contracts, this
situation is not interfering ir
any way with the progress o.
the Gulf, New Mexico and Pacif
J ic plans.
Colonel Hopewell has nov
carried out his part of the con
tract which makes it possible fo'
the building o., the new road an'
extensions of the present New
Mexico Central line to proceed
and it only remains for Mr.. Her
bert Green to float the bonds
which he seems confident he vii
l. ILL - IL o~l x.,bioh aODfl