Estancia news-herald. [volume] (Estancia, Torrance County, N.M.) 1912-19??, 1914-03-05
LOOKS FAVORABLE
FOR RAILROAD

Will UGCUlUG du dCCOllipli0hCS
fact.
The promotion of the road has
progressed to stage where the
mortgage is being recorded IN
the various counties through
which the proposed road will be
built.
The mortgage was received by
the clerk of this county last Sat
urday. 1t is a lengthy dccu-
ment, printed in pamphlet form
in both English and French, and
prescribes in full detail the form
of the bonds and coupons, and
sets out at length the contract
between the railroad company
and the trustee (the Chicago Ii
tie and Trust Company, and
prescribes the manner Of issuing
and handling the bonds, which
are not to exceed in amount the
sum of twelve million dollars
This indicates that all prelimin-
ary arrangements have actually
been completed and that an ar
rangement exists with capitalists
for floating the bonds.
The description of the road
contained in the mortgage is as
follows:
"a line Of railroad to be ac
uuired or constructed through
the counties of Chaves, Lincoln,
Torrance, Santa Fe, Bernalillo,
sandoval, Rio Arriba and San
Juan, in the State Of New MeXi-
CO, and described IS follows:
Beginning in the City of Ros
well, in the County of Chaves
and extending in northerly and
northwesterly direction through
the Counties Of Chaves, Lincoln
and Torrance to a point at or
near the town of Torrance;
thence in a northerly direction
over the New Mexico Central
Railroad, which railroad proper.
ty, including its lis miles of
tracks, its right of way, bridges,
station buildings, water stations,
machine shops, engine houses,
locomotives, cars and other roll
ing stock, equipment and appur-
tenances, it is proposed to ac-
quire by purchase. Beginning
thence at the town Of Moriarty,
a town on the lire of the N. M.
C. R. r., and about 81 miles
south of the City of Santa Fe,
and in northerly and westerly
direction over the Albuquerque
Eastern Railway, under con-
struction, through the Tijeras
Canyon, in the Counties of Tor
rance, Santa Fe and Bernalillo,
to the City Of Albuquerque.
Thence, beginning az a point on
the line from Moriarty to Albu-
querque at a station known as
Frost, about 49, miles west of
Moriarty, a branch line extend
ing northerly through the
counties Of Barnalillo and Sando-
val, to a point known as the Ha-
gan Coal Fields, a distance of
about fourteen miles Thence
from Albuquerque in northerly
and northwesterly direction,
through the counties of Berna-
lilo and Sandoval and on the
east side of the Rio Grande, to
the City of BernaIillo. Thence
in the same general direction,
crossing the Rio Grande, to a
point south of the mouth of the
Jemez River, and continuing
thence in a Observation-Disclosures
ly direction and following up the
general course of the Jemez Riv
er to the junction of the Rio Sa-
lado with the Jemez River;
thence following up the general
course of the Rio Salado about
fifteen miles; thence leaving the
Rio Salado and proceeding in q
more northwesterIy direction tc
a point on the Rio PueTco about
ten miles south of the village OF
La Ventura; thence in a norther'
ly direction up the Rio Puerco tC
a point in Rio Arriba County
near the town of Cuba; thence
in a northwesterly direction
through the pass over the Cont
mental Divide into the Canyon
Largo; thence westeriyand north
T