The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-05-21


SANTA III, May 21.-Totai Of
operating revenues for the year end
ing December 81. 1913, FOR the III
paao a Southwestern company. was
fs.3ts,0f7.f7, OF which the sum 81
s2.5fb.sfG.43 was earned within the
state OF New Mexico, Il Is shown In
the annual report that has been filed
with the New Mexico corporation
commission. The total of operating
revenues. By comparison with he
previous year, shows "A decrease Of
N.b43,336.S7. while the total Of rail-
way operating expenses showed a lc-
crease Of only t2O4. 33t,79. The dit
fering ratios tend to prove h a oper-
ating under government control WIS
decidedly expensive for this company.
Under these conditions. there was
hunt during the yea less than one
mile OF sidings, spurs ana yard tracks.
The III pnso a Southwestern com
pany owns and operates he lines run
ming southwest from ~ Paso. The
company h. owned by the fhelpa-
Dodge Interests, one of the weaithiest
Of American groups OF capitalists,
This railroad company h almost
without a parallel In railroad history.
IN that rs lines were constructed aud
put into operation without the issue
Of bonds. The company now has no
outstanding Indebtedness In the form
Of bonds or other securities. II Is
aid that this railroad was built by
tho Phcips-Dodgo Interests with the
earnings Of their enormous copper
mines, when copper was selling for
. cents a pound. This 1913 report
shows under profit n loss account,
the crpdtt hatAucc transferred from
income % sl.322.293.3i
2It Names Ia state.
Lines OF this company operated In
New Mexico total 2ti.bi mites This
report doos not include the much
greater mileage north OF M Paso. and
generally known M the ~ inso A
Southwestern system. but operated by
separate corporations. In tho sum
mcr OF 1905 the Phelps Dodge inter-
cats bought the III pHHo a Southwest
orn system, and some OF lta subsidiary
properties. paying a price tina. was
generally believed to be approximate
ly $4,000. 900. The III rasu q
Northeastern had "A main line extend
ing from III paso, through Alamo
Rordo and Carrizuzo to santa Rosa, a
distance of 272 miles. Running from
Tucumedrt. ON the Rock Island lines,
90 miles north Of Santa Rosa. was
the Dawson railway. extending TO the
Dawson mines. u distance uf about
i26 miles. There were also the fol-
lowing branch lines. The C%loudCroft
w MN' 80 tNNNNNNNN NN NV ANNlNANANNNN
a Sacramento Mountain railway. cN-
tending from Alamogordo To- CLOUD
croft. the famous summer resort. and
On tu Russia. in the lumber district.
"a distance Ut 80 mites: the Captain
branch. running from tarrizozo to
CAPTAIN Ia d coal fields of tho
White mountains OF Lincoln county
the OrngrHudc branch, extending
from the main line station then called
lNNIlla rmmnffAm In tho nrnIrH4 mfNU
mines. The name OF Jarilla junction
since has been changed 10 Orogrande.
Among the subsidiary properties were
the coal mines and cOkC ovens, at
Dawson. and the A~lamoEordo Lumber
company, with timber holdings IN the
Sacramento mountains and saw mill
and p.auer al A~lumugordo. In the
latter part Of 1907, thc VI Puso ~
Southwestern system leased aud be-
gan to operate the Rock island ,inc
between Santa Rosa and Tit,umrItt.
This gave the system a main lire {
gAi miles between ~ puHo and Tu-
cum,trI and "a direct outlet. oyo. ate
own rails. FOR ghe coal ard coke out
put from Dawson. Il ccmcntvd me
connection ~ the Arizona copper
mines with the necessary sappiy OF
coal and coke
Expenditures Listed.
4 large part OF the foregoing has
nothing whatever To do with the ~
puso a Southwestern company rr.
port that has been nled with the cor
porttiOu commission bat is given
merely 30 show the development ui
4 consolidating Of ou" Of the states
most powerful % valuable string OF
I resources.
, Tho ,umpuuys not revenue IRON
\ railway operations for the year wa
Slba2, COS a., which vas n dcVrcaH,
. of st.3a9, 0ob.O N from The picNiuu'