| Show F MeRGER MERGED Of ADS Takes Control of All The Important Lines In InThe inThe The TERMS OF CONTRACT KNOWN tho the Iu In tho II o null Other ire ro Included city ot of Dec de details taU tails ut of the Iho merger menter by which government control the of 01 all ot of the tho In III thu roo ro known public are now nolY BY the terms or of tho contract con the gov government secures absolute control ot of the tho the tho National the tha In the tho and tile the and nil all ot of which will be mersed Into one great The government nl also o comes I tem lato control of oC the Texas Teas a ut tit Laredo LaJedo Is owned bY the National The mileage ot of the tha will with extensions which ato stem nearing completion aggregate miles rhe pec National and Verll crar cr and I Pacific two other s by the government will con COli conas to bo be operated IlS as In IndIc tent td A Ilean company of at which n a majority ot of the tho stock stacie will be held b by will b be or iq the with headquarters In city Chy ell Tho will Ita HC rarities In exchange far tor the Iha ot the two companies un 1 landing outs l e new n will acquire nil the tho thoI ii al property and concessions held rh It Is the JIe old by br I el to rat a board bo arc 1 or aI 21 director to tobe be Into u a general board which ati 1111 in III and a local board hi ii In New ew York The Thebo bo board rd tit at Mexico will of at l 13 m menu bm and tM Now York ot nine bet new company will mako 1 lIe Issue of at prior liens at 4 per percent cent and general mortgage bonds nt at att t I per cent tho principal and Interest 0 of the latter being guaranteed by the government In n addition 1 to he l I sue the company will Issue second common i ik k It Is to leave nn a nil i iII II t III cash and tor Inure Improvement development an and ot of the lines IIneS ot of the company a ni J for tor the acquisItion ot of additional sto stock and motive The n nsw V c will toke Coke over thE hold Ins Ings ot of the National Railroad of at Mexico and the Mexican International Mud and In railroads which It Il will VIII thus ns as tire nt n t present In l n the control ot of the National It Is expected t that at by the reduction ot of the general lime elimination t ot o f II the economical routing ot of freight and by the increased development of at the properties the new company will not only be bC able to 10 meet Its fixed charges n P r carp rn at nn nit carl early date data dividends on m P It and second preferred stock The baking houses Interested In the aI are composed o 0 the firms of I 1 Co and t f Co ot of New York hank PIS rs of the Ille Mexican Central railroad of 1 it o 0 ot of Now 01 York bankers ot nt lh Iho National t ans and Loch Leob LochI I I It d Now New York York Wile who represent the thet ther t r 11 C Security company lim II d pt London In addition to this r CI p o some pome ot of the largest bankers ot of earls PrIS Berlin Frankfort and London re e Interested In t to o banking syndi lit k thus forming n a at strength and 1 Th The National Bank ot of otI I tco will participate In the financial I per r lion Se were t commenced by br Marinez del tiel fin In Pry with a vi view ot of bringing the can nn Central in touch with the tho Mexican n Jho project W was S by Minister tel riman kur r while to r In May Muy bit j t nod and also during ter tour stay In l The Tho In n a mono mom definite form arm b camo have tIe Mr Limantour was In Les eV York on his return trip tram Irani Tho They were finally brought to in III In the tho last laRt tel tew days lh hI visit of It pre Ident IC f th the Mexican Central and personal or of Henry Clay Pierce mil alter T Rosen Hosen or of the tho firm ot of tad niJ uv It ug Thalman Co ct ng li the tho forel foreign n bankers City Dec Dc a t et r re tonight ot of I lul explained tho ren ten Mn tar 01 lilt tho mercer merler just con cnn sumo ted lell by the tho republic Ito III Ie do dared darel that It If this step had not boon been taken the tho groat railroad lines or of the tho States Weald have ab orbel the Tilly ho Ir aIlIo onto tho Mexican peo nt Id on ot of the thO great trust t evils sut sutI I r i I by the tho United lie He gave o os as s lb Ih Iv a other for the tho action n that t the e merger would ovoid friction boo boot be tvr t n 1 the Mexican C anti tine tho thoat at aI r II I line end the thu of at economics till us the Ito wIn Lind Ii It t the tho Ifo government wile tore nrc id ed to t r merger by the se sit att lull n c c certain railroad systems la In Ih the t States |
