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Show HAWLEY RUMORED TO BE MAKING COMBINATIONS ST. LOUIS. March S. The St. Louis & Sun Francisco railroad (the "Frisco") Is perfecting a financial scheme to consolidate con-solidate the Colorado Southern, New Orleans & Pacllic and allied lines, and the St. Louis, Brownsville Mexico. Tho progress of tho adjustment Is such as to warrant an oftlclal announcement from the company's llscal agents In a few days. Tho transaction wttl approximate approxi-mate VJO.000,000. The St. Louis, Brownsvlllo & Mexico was acquired recently by the Frisco from a St- L,ouIs syndicate. Tho Colorado Southern, New Orleans & Pacific was built by tho 'Frisco" and was always a part ol tho system. Tho St. Louis, Brownsvlllo & Mexico and tho Colorado Southern. New Orleans & Pacllic will become be-come part of the 'Frisco system proper and they will constitute tno New Orleans, Or-leans, Texas Si Mexico division. The bonds on theso properties will be guaranteed guar-anteed by tho 'Frisco. Negotiations are pending with the Mexican Mex-ican government and the National Hail-ways Hail-ways of Mexico for tho construction of a now lino paralleling the coast of the Gulf of Moxlco from Matamoras. opposite op-posite Brownsville, Texas, to Tamplco and Mexico City. With the Matamonis-Tamplco Matamonis-Tamplco line completed, there will be a continuous gulf coast route from Now Orleans via Houston and Brownsville. Texas, to Tamplco, In Old Mexico. By the Brownsville routo the distance from St. Louis, Chicago and other enstern cities to Mexico City will bo reduced about 200 miles. Note The Colorado Southern, Now Orleans Or-leans & Pacific runs Along the gulf coast from New Orleans to Houston, Texas, and should not bu confused with tho Colorado & Southern, the big llln lino from Denver to the gulf. All the lines mentioned In the above dispatch belong to the 'Frisco and arc. including the 'Frisco Itself, controlled by Edwin Hawley. The combination suggested bus been rumored for somo time. The 'Frisco lines arc holding a stockholders' meeting meet-ing In St. Louis at tho present time. |