Show i t 1 r JF < RAIIKOAD RACKEg Trouble With Mexican Jem paoy Goalds Southwestern Southwest-ern System New York 17The Tribuue says The Mexican National Construction Co was organized for the purpose of building the Mexican National railroad from Loredo to the City of Mexico and from that point west to the Pacific at Manzea nillo The capital is5000000 of which 4000000 ia preferred stock entitled to 7 per cent dividend in advance of the 1000000 common stock The common stock was used to pay for the Palmer Sullivan concession on condition that the preferred stock should be paid for in full in cash The construction company turned over the contract to the railway company receiving the subsidy granted under it It was to receive for the construction con-struction of the line 20000 in bonds and 20000 in stock a mile Of the stock and subscription 80 per cent has been called All this amount has not been paid and the company has recently sent notices to subscribers requesting immediate immedi-ate payment Officers of the company com-pany decline to make known the amount unpaid but it is understood ito i-to be about k325 00 of the stock of the construction com j any and nearly 800000 of subscriptions aem default 4 At the lame time subscriptions are selling sell-ing at a difcount of about 16 per cent and the construction companys strck at a discount of from 2l to 12 per cent it was reported in Wall street yesterday that the company was in want of mousy to continue the work of construction and that Gould to whom application for help has been made hadretuted to assist The correctnese of the report could not be verified absolutely RUSPP Sage who was believed to know something of the application would only say that some of the Mexican companies had been very enterprising that Gould and he who were interested in a Mexican line were waiting to see bow their neighbors got along in the ftorts of the line between Laredo and Uexico Citv It is said that about forty miles have been completed com-pleted and about 150 miles graded in addition ad-dition to the companys own narrow gauge read from Corpus Christi to Lartdo which was bougbt and com pletfd for the transportation oJ supplies Worlds Laredo The track aye = of the Missouri Kansas and Texas Extension + Exten-sion completed the laying to the limit of this city today This give an unbroken line of railway from the Mississippi at St Louis to tLe Rio G ante at Laredo making a through line about 1300 miles in length Tho southwestern system undertaken un-dertaken by G uld little more than a fear ago hs been complet from the Missssup qt St Lou to three points JJev Or can near the Gu f El Paso on the frontier of New Mtrxicj ad Laredo about half way etween those two Mexico Mex-ico is now reached by an Amonc in railway rail-way line The construction forces o the yslem are cow iiicliy er cenirtMig ut his paint to comment e the great w irk 1 of pushing on CO miles further to the Jity of Mexico The engineers who have bad this part of the work in charge completed leted their pre iminsrj TIport which is ery favorable The line will run through a rich mining and jgnculturl country Extensive dept sits of coal have ben round on the line of the rod and such arrangements any making that a standard jungi railway line to be operated by the Missouri Pacific Company from St Louis turoueh to the Lty of Mexico 2000 miles in length tray be expected to be completed and in operation in ei is fatten months from this time I |