New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1918-02-08
Two new MEXICO
RAILROADS SOLD;
AUCTION TUESDAY
N. M. CENTRAL AND ALBU.
QUERQUE EASTERN BOTH
SOLD UNDER HAMMER TO
SATISFY JUDGMENT OF
CREDITORS

and all property, and bills receivable
was sold Tuesday for $4,000 to S.
&c. Munoz, of New York City, recent
ly elected president of the New Mex
ican Central railway Company. in
corporated under the laws Of Della
ware at $4,000, all common stock.
There was but one other bidder
M. s. Radetzky of Denver, who
bought the Moffatt railroad His
bid was $275.O0O
~ have no statement to make ex-
cept that the road is running and
will continue to run" said Mr.. Mu-
noz after the sale. Mr.. Munoz some
time ago, outlined a plan of improve
ment.
Many people attended the SALE The
bidding was opened at $250OO by
Mr.. Munoz, Special Master Collins
having stated that no bid less than
$1sOO0O would be considered and that
deposit of $4,000 had been rcquir-
ed as a pledge before any one was
entitled to bid. Only two persons
had made such deposit.
Albuquerque Eastern
The Albuquerque Eastern railroad
was sold at auction to D. K. B. Sell
lers. of Albuquerque, receiver for the
Dominion Construction company for
$4,000. r. e. Munoz. M. S. Radetz-
XII. of Denver and Levi A. Hughes
were other bidders.
History of the Central
The New Mexico Central railway
is 1867 miles in length. extending
from Santa Fe to Torrance on the
Fl Paso 4 Southwestern railway,
crossing the main line of the Atchi-
son. TOPEKA & Santa Fe at Kennedy
and the Belen Cutoff at Willard
The branch of the New Mexico
Central, known as the Albuquerque
Eastern, has been graded nearly all
the way from Moriarty.
The New Mexico Central cost about
and was promoted bv Fran
els ]. Torrance and Arthur d. Ken
nedy, of Pittsburg, and William H.
Andrews, of New Mexico. Andrews
was the prime mover in the enter
prise.
The Albuquerque Eastern obtained
right-of-way from Moriarty to Al
buquerque and from Frost to the
Hagan coal fields. In 1908 the two
roads were consolidated as the New
Mexico Central issued $s,OOOOO0 in
bonds to take up 81 10000 of bonds
Of the Albuquerque Eastern and ST.
W0ON Of bonds of the Santa Fe
Central, the balance to be used in
construction of the Albuquerque
Eastern and to improve the Santa
Fe Central.
Capital was. not forthcoming and
in June, 1910 Charles d. Murray. Of
Pittsburg, was appointed receiver.
He remained in charge of the Cen
trail for five years. and was succeed
ed in 1915 by Ralph c. Ely, the lat
ter under removal orders of Dis
trict Judge Holloman giving place in
the summer of 1917 to Col. Ralph E.
Twitchcll.
The New Mexico Central serves
principally the Estancia valley which
in the past ten years has developed
into an important and populous bean
and stock raising section. There
are coal deposits four miles from
Clark. station Is miles south of
Santa Fe, and approximately mil
lion tons of a superior quality of
coal have been blocked out at Hagan.
The Estanc;a valley also has large
soline deposits short distance east
of the Central's tracks.
The great possibilities of the road
have long been recognized especial
ly with view to making it the
nucleus of line connecting north
western New Mexico and southwest
ern Colorado-the San Juan basin.
with its immense resources-and the
Gulf region.