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Show TRANSCONTINENTAL. The Second Railroad Across ihe Continent. New York, 9. Inquiry at the office in this city, of companies interested, con-arms con-arms tbe reports published yesterday, that papers have been signed for the union of tbe Atchison, 'Topcka and Santa Fe, and St Louie and Sun Francisco Fran-cisco Railroad Companies, and for tho construction of a joint line from Albuquerque, Albu-querque, on the Rio Grande in New Mexico, to the Pacific Coast. The statement, state-ment, however, that the Chicago and Alton company is in the BChema is pronounced pro-nounced incorrect. By tho terms of tho agreement the Jt, Louis a;id Sau Francisco Fran-cisco company surrendered to tho Atchison, Atchi-son, Topoka and Santa Fe Company one half interest in their franchise as owners of the Atlantic and Pacific Railway Company, which they succeeded and the two companies pledge themselves jointly to raise $2,500,000 for tho building build-ing the extension, about 1,000 long, to some point on the Pacific coast not yet designated. Officers intimate that they know where they can obtain the money needed and that the work of building build-ing the extension will be begun at the earlist possible moment, that weather will permit next next year. These are all thedetails that can be obtained for , tho present. The Times says of the reported union of two southwestern railroads. 'I ho accomplishment ac-complishment of the scheme will give to the people of this country a rival to tho Union and C antral Pacific and will therefore, there-fore, to a greatextent, undo the results of fllA rnmhlnnlmn nf tV. l.n.Wl, Gould clique in establishing a through railroad monopoly across the continent. The St. Louis and San Francisco Railway Co. succeeded the Atlantic and Paciiic Railroad Company, which was organized under the act of congress approved July 27, 1866, granting them aebarterto build road3 from St. Louis to the California coast. They surveyed the route through Missouri, Indian Territory, Now Mexico, Arizona and California, but built only to ViniU, in Indian Territory. Tho tioulh Pacific Railroad, originally the southwest branch of the Pacific Railroad of Missouri, Mis-souri, rocontly purchased by Jay Gould, was consolidated with tho Atlantic and Pacific Railroad on October 25th, J870. Id 1876 default was made in the interest, and after sale by foreclosure, the reorganized reorgan-ized company took its present namo. Tho Atchison, Topeka and Santa Fo Company was originally organizod in 1869, and reorganized in March, 1863. It extends from Atchison, Kansas, across tho state and through parts of Colorado and New Mexico to Albuquequo, on the Rio Grande, within a short distance of where the surveyed routo of tho Atlantic and Pacific crosses that river. The branch of tho latter road, which was formerly the South Pacific Railroad, runs from Atchison to Kansas City. Both roads have ample connections east to tho western west-ern termini of the Erie, Pennsylvania and Baltimore and Ohio roads, tho chief ones being the Chicago and Rock Island which is likely to fall into tho hands of tha Vanderbiit-Gould cliquo. Both roads have largo land grants from tho general and state governments. After leaving the Rio Grande, the old surveyed routo of the Atlantic and Paciiic Railroad continues con-tinues between 35 degrees and 3(! degreos of ltitude, throufth Uernadillo, Valencia and Santa Anna Counties, Now Mexico, straight across Yavahai and Mohavia Counties, Arizona; then down nearly one degree of latitude, in San Bernardino Bernar-dino County; Ihence into Kern County, leaving which it takes an upward course, parilllel willi tho coast to San Francisco. Tho Bt ston Advertiser Bays of tho now combination: The St. Louis and San Fraucisco, which now has its terminus at Vinita, 1. T., is building to Pierce City, whonca it will rapidly hopushod forward to Wichita, where connection is made wilh Iho Wichita branch of the Atchison. Woik on the main lino of tho latter is going forward at tho rate of two miles daily. Jt will reach the Rio Grande I in forty-five days. ThoSouthern Pacific I is rapidly pushing eastward, and work is being vigorously prosocuted on tho third lino, which terminates at Guaymas, Mexico, Mex-ico, part of the road lrom Guaymas to nermansvuio Doing under contract, and the work to bo oommoncod eastward forthwith. ! |