Show NATONAlS BIG PLANS Will Absorb its Rival in Mexico DETAILS OF READJUSTMENT The Now Utah Company Formed With Power to Exchange Securities Securi-ties Broad Gauge and Extend Official Figures on Securities to Bo S Exchanged With Rival Corporation Corpora-tion the International Speycrs and Kuhn Loeb Co Finance It Goulds Great Line Into Mexico The Tribune Is enabled to give this morning the plan of railroad consolidation consoli-dation In Mexico of interest at this time as the National Railroad company com-pany of Mexico Is Incorporated In Utah and has caused great speculation To S set the reader right In the first place It should be stated that the Mexican National which the new company ab Rorbs Is the Gould connection at Laredo I La-redo for all Mexican points and the S Mexican International Is a Speyer road which connects at Eagle Pass with the Southern Pacific The Southern Pacific Paci-fic owns 54161100 of the 20708200 issued is-sued S REORGANIZATION OF SYSTEMS To reorganize the two rival systems Speyer Co and Kuhn Loeb Coot Co-ot New i York and Speyer Bro of London Lon-don Issued I a readjustment plan oC the Mexican National dated October S 1001 and a copy of this whole plan Is in tho hands of The Tribune It provides pro-vides for the formation of a new company accomplished l by Utah incorporation In-corporation which shall authorize the S exchange of Its I securities the broad S gauging of the main line from Laredo to the City of Mexico and the construction construc-tion oC the El Salto extension ICO miles The new securities nre 10 > he applied In many ways but the Item of interest L inter-est arc in the fact that 23000000 is S for the refunding of the Mexican International In-ternational and 51400000 for all rights to the Mexican National Construction company There are several Items to I chow how the International is to be S acquired but the figures are not at allS all-S Interesting to the public GOULD THROUGH LINE The main facts brought out are that the National Is to be at once broadS broad-S gauged and used as the through lino to Mexico of the Gould system and at the same time the National hay acquired ac-quired a control of Its rival the International Inter-national and both will go on as before I the National as the Gould line and the International as the harriman line with the names of Spcyer and Schiff as te link forming the community of interestEXTENT EXTENT OF THE PLAN The new Utah corporation Is the 5 backbone of the whole plan and was engineered by the two great banking firms who have also financed other big purchases for Mr Gould as well as the Union Pacific and Southern Pacific and when the announcement Is made officially It will be seen that Mr Gould not only l has the Mexican National r connection all right but that the Mexican L Mexi-can Rational under the name of the National Railroad of Mexico has the soprano voice in the situation a voice that will he heard In all the councils J S of Mexican railroad affairs George J Gould Is Just now the biggest man in the railroad World of Wall street and when his plans are all perfected it will bo seen that his own rails will pretty nearly reach from the Atlantic to the Pacific and from the Canadian border far Into the interior of Mexico |