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The Coconino sun [microform]. (Flagstaff, Ariz.) 1898-197?, October 11, 1912, Image 3

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W&r&V'
, FRIDAY. OCTOBER 11, 1912
THE COCONINO SUN
PAGE THREE
U'TS
P A
m,
THE SETTING SUN.
M I ! II
ESS Itth -HHm
jjjjjjggggffl
From the Chicago Inter Ocean.
JWHfAfArJrMMMMMMJ
WHY ROOSEVELT IS
Lifelong and loyal Republicans will not follow him out of the
Republican party. .... ., .....
The American people will not gratify the disappointed ambition
of a man who, in a spirit of revenge, would wreck the Republican
party because it refused him a presulontial nomination.
The country does not want for president a man who eagerly
grasps at every wild and radical theory merely to Rain otes.
Honest men will not support a candidate who instituted dishonest
contests to help his nomination and who accepts money for his cam
paign from the Harvester and Steel trust directors.
lnousanas oi nepuDiicans uo noi ucueve ujai men oi miuicuniucu j
character who disagree with Rooscelt are thieves and liars. J
Right-thinking people cannot trust a candidate who violates his. i
solemn pledges. ....
Republicans are beginning to realize that the only possible effect X
of his candidacy may be the election of Wilson, and they are not
willing to bring upon the country the disaster of a Democratic admin-
istration merely to gratify one man's hatred or ambition. c
The people will not Mexicanize the United States by electing to
the presidency a man who declares that he sees no 'objection to any J
number o terms provided there is a recall. That s, if again made I
president he would expect to remain in that office until the people
drove him out. What Washington would not take, what Grant could
not get, Roosevelt shall not have I
bHHHrHHrAAAAAA
i
KANSAS IS REPUBLICAN
Roosevelt Strength Among Voters la
Decreasing Perceptibly Through
out State.
Toreka, Kan., Sept. 23. Notwith
standing the enthusiasm which has
always existed In Kannas for Theo
dore Roosevelt, It Is undeniable that
his strength as a presidential candi
date is decidedly waning throughout
the state.
If he were the candidate of the Re
publican party, and If there were a
chance of his election, he would, of
course, sweep the state without any
serious opposition. But neither of
these conditions exists. The fact that
his own leaders have been obliged to
yield to the wave of Indignant pro
test which swept against them on ac
count of their effort to have Roose
velt's electors placed In the Repub
lican column has not only proven the
strength of the Taft sentiment, but It
has eliminated all possibility of
Roosevelt carrying the state. The
withdrawal of his electors from the
Republican columns has emphasized
the fact that he Is not thetRepubllcan
candidate; and Kansas Is too well
satisfied with the conditions which
have prevailed during the past six
teen years to follow any man, bow
ever popular he may be, out of the
Republican party.
The Roosevelt sentiment has been
further weakened by the universal
conviction that there Is no possibility
of his election and that the only ef
fect his candidacy can possibly have
is to expose the country to the dan
ger of a Democratic victory. Kansas
Is as far from being a Democratic
state as it ever was and with the sub
stantial collapse of the Roosevelt cam
paign, this state will be found in its
accustomed place near the head of
the Republican oolumn.
LOSING IN NEBRASKA
Progressive Party Will Die Before
Election Day Comes Around.
Reports from Nebraska show that
itho Roosevelt sentiment Is decreasing.
"The Third Term party," says "one
letter to Director Mulvane of the
west -u bureau of the Taft campaign,
"lb l ndllng down to Pops."
James H. Clark of Hastings, Neb.,
president of a large company -which
handles Investments, securities and
farm mortgages, and who has except
tlonal opportunity to know the feel
ing among the farmers, says that in
Nebraska the farmers are beginning
to realize that If they followed Roose
velt they tI11 land nowhere, and If
they allow a Democratic president to
be electod, '.hey will be ruined.
In Lincoln, Neb., the Third Term
party had difficulty In securing even
two hundred and fifty signers to a pe
tition for their county convention.
"The Progressive party will die before
election," says one report "Senti
ment Is looking better for Taft evtry
day."
LOSING GROUND.
CANVASS OF INDIANA
It Shows That the Roosevelt Move
ment Is Now on the
Decline.
Indianapolis, Ind Sept. 30. A care
ful canvass has been made of the
Roosevelt sentiment In every county
In this state. The Inquiry was started
by a prominent business man of this
city, who was anxious to learn for him
self the true condition of affairs. He
sent out a large number of letters to
men In each of the counties who were
not politicians and would Lave no In
centive to falsify the situation. The re
plies showed that In every county In
the state, with one exception, there
bad been a marked decrease In the
Roosevelt sentiment. The opinion was
universally expressed that the Third
Term candidate had fewer followers
now in Indiana than at any time since
the campaign opened and this number
was steadily decreasing. A few of
these reports summarized follow:
White county "Ours Is an agricul
tural community and the farmers all
seem satisfied with conditions and are
not calling for a change. I see no evi
dence of Bull Mooselsm spreading. On
the contrary, it Is weaker than at first."
Steuben county "The Third Term
ers are on the down grade and will
not be as strong a month later as
they are now."
Lake county "Sentiment for the
Progressive Is weakened, especially
among the farmers. Sentiment Is
growing more and more favorable to
the administration."
Montgomery county "The Bull
Moose sentiment here Is waning. The
Third Term party Is losing as the
campaign progresses."
De Kalb county "There will not be
many Bull Moose voters here. Taft
will get some Democratic votes quite
a number."
Mlama county "The changes are
now coming all our way, There are
no more desertions from the Repub
lican ranks."
Tippecanoe county "The Bull
Moose sentiment Is subsiding."
Reports from Allen and La Orange
counties are to the same effect.
SLIDING BACK IN NEVADA
Roosevelt Has Reached His Limit and
I Rapidly Receding.
Reno, Nov., Sept 26. The decline
of the Roosevelt movement, notice
able throughout the country, Is very
apparent In Nevada.
"The Interest In the Bull Moose
movement Is crystallized In Roose
velt," says the Evening Gazette, "and
that Interest Is waning." The Gazette
further states that Roosovelt's disap
pointing speech In this state, the fact
that he Is receiving funds from
George W. Perkins and Is being sup
ported only by cast-off politicians, are
drag-stones about his neck. The Ga
zette sums up the situation In Nevada
as follows:
"Roosevelt has reached the limit of
his power and Is sliding back: rapidly."1
FORESEE AN ERA
0FJPRDSPER1TY
iulius Kruttschnitt and Otto
KahnTell of Increased Busi-
ness Everywhere.
OTHERS ECHO SENTIMENT
Politics Introduces the Only Element
of Uncertainty.
From the New York Sun, Sept. 11.
1912:
Prosperity for the United States and
Its Insular possessions as predicted
by many returning passengers on the
Kronprlnz Wllhelm of the North Ger
man Lloyd line. Among the most op
timistic was Julius Kruttschnitt, vice
president of the Harriman railroad
lines.
Mr Kruttschnitt hascs bis roseate
predictions on the reports he received
through the newspapers and from the
ofllcials of the Harriman svstcm. He
thinks that the prosperity wave will
extend throughout the country.
Among thoBe who are confidently
looking for good times lt Otto Kahn of
the firm of Ktilin, Locb & Co., who
sailed for Europe on the Mautetanla
this morning In discussing business
conditions throughout the country Mr
Kahn declared the big crops of this
J car Indicated a revival of prosperity
and Increased business.
But Mr. Kahn was careful to point
out that there was danger to business
from politics and unsettling legisla
tion. He said In part:
"When any one tells you, as many
art- saving, that the business revival
Is going on regardless of politics, jou
can laugh at him," he said. "It will'
not. It Is true that the country Is all
ready for the great prosperity. The
crops aro wonderful, the greatest we
have seen. Business Is running smooth
ly Factories are operating at full
rapacity, labor Is well employed. The
outlook Is good. But business will
not cut loose Into any great boom.
"Politics is one big factor. Wilson
Is an uncertainty. He has been glv
Ing us a great deal of loose talk late
ly on one thing, concerning the Inabil
ity of American business men and
bankers to handle their business. Pres
idents rannot afford to indulge In
loose talk."
IN MINES AND QUARRIES
Industries Which Have Greatly Pros
pered Under President Taft.
From the Qulncy, 111 , Whig:
The mining and quarrying Industry
Is one of the greatest Industries In
the United States. During the ad
ministration of President Taft the
miners have prospered, there have
been fqwer strikes than ever, and why
should the miners vote for a change?
The best Is none too good for the
working people of this country, and
they have been getting the best dur
ing the psst four years. Can they
expect anything better under the
administration of a Democratic presi
dent, when history teaches us that
this would he an titter lmposlblllty?
Illinois has 8G.389 persons engaged
In the Industry, a larger number than
any other state In the east north cen
tral group, which consists of the
states of Ohio, Indiana, Illinois, Mich
igan and Wisconsin. Do the voters
of this great state want to continue
to prosper, or do they prefer to go
back to the old days when they
worked for starvation wages? This
Is something for the thinking men of
this country to nonder over. You
cannot get away from the cold fads
HAPPY FARMERS
They Have Every Cause for Joy on
the Next Thanksgiving Day.
From the Detroit Free Press, Sept. 12,
1912:
A marvelously fortunate year Is this
of 1912 for this land of ours. The
government crop report yesterday re
news once more the proof that all
things are uniting for the welfare of
Americans. It is an amazing show
ing, 300,000,000 bushels of spring
wheat being reported as In sight,
where last year the yield was only
190,000,000 bushels, and the year be
fore 200,000,000. Added to the winter
wheat, which In spite of the soft wheat
lossu in our own section of the coun
try, will still pass the 1911 mark, the
total vleld of this grain will run well
above 700,000,000 bushels, and If pri
vate advices aro reliable, even above
800,000.000 bushels.
We have had but two years In tho
past when the 700,000,000 mark was
passed, 190G and 1901, and the outlook
! Is that the return per bushel for the
harvest now available will exceed that
of either of these.
Nor Is wheat the only crop that Is
practically assured of reaching record
figures. Corn, potatoes, barley, r.ve
and some others are already In the
class of bumper yields. The Indica
tions amount to assurance that they
will all exceed any previous aggre
gate. While the American fields are teem
ing with their produce across the
ocean Is beard the cry of distress
Cold weather and prolonged rainfall
have played havoc there. The land
Is sodden and unfrlutful. What crops
have grown are drowning In flood.
The American farmer, with his barns
bulging witfc the yield of Is acres
will eet ble nrlces for Is big stock
1 of food supplies.
A bountfful harvest end a strong
demand should make-'the farmer of
this country a happy man on Thanks
giving day.
Sponge Treatment
A young housekeeper in one of
the suburbs had just succeeded in
getting a new cook, wjio came high
ly recommended. One day Nora
made a sponge cake which was bo
hard it could not be eaten. Tho
housekeeper said:
"Nora, do you call this sponge
cake ? Why, it's as hard as can be."
"Yes, mum," replied tho cook
calmly, "That's the way a sponge
is before if wet. Soak it in your
Extra passenger trains have
been going through today carry
ing J33 passengers to California.
There are at least 300 people in
Flagstaff who are not now getting
The Sun. They should be on the
list.
Owing to the referendum petition
filed hunters will have until at
least Nov. 5th to hunt under the
old law.
Certificate of Incorporation of
The Grand Canyon Rail
way Company
Whereas, The Santa Fe and Grand
Canyon Railroad Company was
duly incorporated by articles filed
with the Secretary of Arizona on
or about July 31st, 1897, under the
laws of the Territory of Arizona,
tcr construct, operate and maintain
a railroad from the Town of Wil
liams, in Coconino County, Terri
tory of Arizona, in a northerly
direction to the Bright Angel Trail
and Indian Garden, at the Grand
Canyon of the Colorado River, a
distance of about Seventy-One (71) '
miles; and
Whereas, afterwards on the 1st
day of January. 1898, said The
Santa Fe and Grand Canyon Rail
road Company executed its certain
mortgage or deed ot trust to The
International Trust Company, of
Boston, Massachusetts, as Trustee,
to secure the bonds of said The
Santa Fe and Grand Canyon Rail
road Company, issued under and
pursuant to said mortgage or deed
of trust, and in and by said moil
gage or deed of trust, mortgaged and
conveyed to said The International
Trust Company, as Trustee, all of its
railroad, constructed and to be
constructed, and all franchises,
rights, privileges, immunities and
exemptions, then or thereafter per
taining to said railroad; and
Whereas, before the completion
of said railroad, the said The
Santa Fe and Grand Canyon Rail
road Company permitted certain
liens of contractors to attach to
the railroad as constructed and to
remain unpaid and unsatisfied; and
Whereas, afterwards on June
8th, A.D. 1901. at the April A. D.
1901 term of the District Court of
Coconino County, Territory of Ari
zona, a judgment and drecree was
entered in a certain 'cause therein
pending wherein Thomas Bassford
was plaintiff and The Santa Fe and
Grand Canyon Railroad Company, a
corporation ; the Tusayan Develop
ment Company, a corporation; The
Canyon Construction Company, a cor
poration; The International Trust
Company, a corporation. Trustee;
Lombard, Goode and Company, a
corporation; L. W. Goode, Hattie
N. Goode, Saginaw and Manistee
Lumber Company, a corporation;
The J. M. Dennis Lumber Com
pany, a corporation; Union Hard
ware and Metal Company, a cor
poration; S. S. and C. E. Derby
shire, a co-partnership, doing busi
ness under the firm name and
style of Derbyshire & Derbyshire;
E. J. Post and Charles F. Meyers,
a co-partnership, doing business
under the firm name and style of
E. J. Post and Company; A. and
F. O. Poison, a co-partnership,
doing business under the firm name
of Poison Brothers; The Arizona
Central Bank, a corporation; Max
Salzman, George W. Martin, J. W.
Thurber, R. R. Coleman, J. H.
Richards, John Hurley, James
Donohue, H. E. Brooks and J. B.
Jones, were defendants, which
cause was instituted to foreclose a
mechanic's lien upon said railroad,
and in which cause said The Inter
national Trust Company filed a
cross-complaint to foreclose the
aforesaid mortgage or deed of
trust, and in which cause other of
said defendants filed cross-complaints
to foreclose certain me
chanic's liens upon said railroad;
and
Whereas, in pursuance of said
judgment or decree there was sold,
upon the 18th day of July, A. D.,
1901, to Edward D. Kenna. Byron
L. Smith and James H. Eckels, all
of the City of Chicago, Illinois, as
joint tenants and not as tenants in
common, the following described
property of The Santa Fe and
Grand Canyon Railroad Company,
towit:
The rights, franchises, privileges
of every kind, nature or descrip
tion, including a 1 1 exemptions
from taxation, owned or possessed
by the defendant. The" Santa Fe
and Grand Canyon Railroad Com
pany, of which it, or its assigns,
may or can hereafter acquire, own
or possess, through or under the
charter of said Railroad Company,
(save and except only its right to
be a corporation), or any Act of
Congress of the United States, to
gether with all other property,
either real, personal or mixed, in
cluding all right, title and inter
est, in and to its located right of
way from the Town of Williams,
in Coconino County, Territory of
Arizona, to the rim of the Grand
Canyon of the Colorado, in said
County and Territory, together
with all its right of way for any
and all branch lines; also including
all grades, railroad tracks, switches,
turnouts, buildings, rolling stock,
locomotives, telegraph poles and
lines, telephone poles and lines,
located or situated upon such right
of way, or appurtenances con
tiguous to it; and such other prop
erty, if any there be, of every
kind, nature and description, in
or to which said Railroad Com
pany has any interests, together
with all and singular the tene
ments, hereditaments, and appur
tenances belonging or otherwise
appertaining to any of the right of
way, or other premises and prop
erty above mentioned or described.
The right of way referred to, be
gins at the Town of Williams, in
Coconino County, Territory of Ari
zona, and runs thence northerly to
the rim of the Grand Canyon, with
a line for a branch railroad, run
ning from Anita Junction to Anita
Mine, a distance of about two and
quarters three(2J) miles; this right
of way being a strip of land two hun
dred (200) feet in width.having con
structed upon it and as a part
thereof, sixty-three and three-
quarters (63j) miles of main line,
and two and three quarters (22)
miles of spur or branch line to the
Anita Mine, together with six (6)
miles of grade; also all and sin
gular the appurtenances, tene
ments and hereditaments belonging
or appertaining thereto, including
all rights acquired, or partially
acquired, under t'le Acts of Con
gress of the United States approved
March 3, 1875. and May 18, 1898.
Whereas, said sale was made un
der said decree by E. B. Gage, as
Special Master, and such sale was
duly confirmed by said court on or
about the 20th day of July, 1901;
and
Whereas, the said , purchasers
and their associates successors and
assigns, under and by virtue of the
laws of the Territory of Arizona,
in such case made and provided,
did thereby become entitled to
form and become a corporation
with power to own, operate, exer
cise and enjoy the properties, fran
chise, rights and immunities ac
quired by such purchasers; and
Whereas, the said purchasers, for
the purpose of forming such cor
poration and investing the same
with the aforesaid properties,
rights, privileges, immunities, ex
emptions and franchises, and of
completing the aforesaid railroad
to the rim of the said Giand Can
j on of the Colorado upon the route
and right of way of said The Santa
Fe and Grand Canyon Railroad
Company, have associated with
themselves the following named
persons, viz:
Clinton N. Sterry, who is a citi
zen of the State of California, re
siding at Los Angeles; and
Thomas J. Norton, who is a citi
zen of the State of California, re
siding at Los Angeles; and
Whereas, the said purchasers and
their said associates have organized
themselves and do hereby organize
themselves as a new corporation as
hereinafter in this certificate set
forth:
NOW, Therefore, the undersign
ed, being the said purchasers and
their associates, do hereby certify
and state as follows:
First: The name of the new
corporation formed by the under
siened is THE GRAND CANYON
RAILWAY COMPANY;
Second: The purposes for which
such corporation is formed are as
follows:
To acquire, own, maintain, and
operate the aforesaid railroad, sold
as aforesaid, and to construct and
complete the samp upon the route
and right of way of the said The
Santa Fe and Grand Canyon Rail
road Company to the Grand Canyon
of the Colorado River; and also to
acquire, own, use and enjoy the
railrdad and appurtenances, fran
chises, rights, privileges, immuni
ties and exemptions, and all other
proportion acquired by the said
purchasers at said sale as herein
before recited.
Third : The maximum amonnt of the
capital stock of such corporation
shall be One Million. Four Hundred
and Fifty Five Thousand Dollars
($1,455,000.00), and the same shall
be divided into Fourteen Thousand
Five Hundred and Fifty (14.550)
shares of the par value of One
Hundred dollars ($100) each;
Of such capital stock Two Thou
sand Five Hundred (2,500) shares,
amounting in the aggregate to Two
Hundred and Fifty Thousand dollars
($250,000). shall be five per cent
Cumulative Preferred Stock, and
Twelve Thousand and Fifty
(12,050) shares, amounting in the
aggregate to One Million. Two
Hundred and Five Thousand Dol
lars. $1,205,000). shall be common
stock.
The holders of the preferred
stock shall be entitled to cumula
tive dividends at the rate of fire
per cent per annum from the date
of the issue of such stock before
any dividend shall be paid on the
common stock; and in case of dis
solution or liquidation of said cor
poration, the holders of said pre
ferred stock shall be entitled to
receive par amount for their stock,
together with any cumulative divi
dends at the rate of five per cent
per annum that shall have accrued
thereon, and that shall remain un
paid before any sum shall be pay
able out of the company's assets to
the holders of the common stock.
The common stock shall be subject
to such rights of the holders of the
preferred stock.
Fourth: The number of its di
rectors who shall manage the af
fairs of such corporation shall be
seven and the names and post office
addresses of the directors for the
first year are as follows:
NAMES POST OFFICE
ADDRESSES
E. P. Ripley Chicago, Illinois
W. R. Pajze - Proctor. Vermont
Byron L. Smith - Chicago. Illinois
James H. Eckles, Chicago, Illinois
E. D. Kenna - Chicago, Illinois
I. L Hibbard - Winslow, Arizona
R. J. Arev - Williams, Arizona
Fifth. The term for which this
corporation is to exist 13 Fifty
years.
Sixth. Said Railway Company
shall not issue any Preferred Stock
in excess of Two Hundred and
Fifty Thousand Dollars ($250,000)
par value thereof as authorized by
Article Third of this certificate,
and shall not issue any mortgage
bonds except with the consent of
the holders of two-thirds of all the
Common Stock of said Railway
Company which shall then be out
standing. Seventh. Previous to the time
of such sale a Plan or Agreement
was entered into in anticipation of
the formation of the new corpora
tion and such purchase was made
pursuant thereto. Such Plan or
Agreement was entered into by
the said Edward D. Kenna. Byron
L. Smith and James H. Eckels and
certain holders of First Mortgage
Bonds of The Santa Fe and Grand
Canyon Railroad Company issued
under its mortgage dated January
1, 1898, and such Plan of Agree
ment is as follows:
"AGREEMENT, made this sev
enteenth day of June. 1901, be
tween Edward D. Kenna, Byron L.
Smith and James H. Eckels (here
inafter termed the "Committee"),
parties of the first part; and such
Holders of First Mortgage Bonds
of the Santa Fe and Grand Canyon
Roil road Company issued under its
mortgage, dated January 1, 1898,
as shall become parties hereto in
the manner hereinafter provided
(such, bondholders being herein
after termed the "Depositing
Bondholders"), parties of the sec
ond part.
WHEREAS, the Santa Fe and
Grand Canyon Railroad Company
(hereinafter termed the "Railroad
Company"), a corporation of the
Territory of Arizona, has issued
one thousand of its first mortgage
five per cent, twenty-year gold
bonds, each for the sum of $1,000,
secured by mortgage dated Jan
uary 1. 1898, to International Trust
Company, as trustee, all of which
bonds are now outstanding and
unpaid; and
WHEREAS, the Railroad Com
pany made default in the payment'
of the interest upon such bonds
and is insolvent, and a receiver
thereof has been appointed, and
the holders of claims against said
Railroad Company for materials,'
supplies and labor, and, also, the
Trustee under said mortgage of
the Railroad Company have insti
tuted proceedings for the enforce
ment of their claims and to obtain
a judicial sale of the railroad and
property of the Railroad Company;
and
WHEREAS, the Santa Fe Pa-,
cific Railroad Company (herein
after termed the "Santa Pacific
Company"), is the owner of $324,
000 of said bonds of the Railroad
Company and has expressed its
willingness to enter into an agree:
ment with the Committee to de
posit with it the $324,000 of bonds
of the Rail load Company and. to
provide the sum of $150,000 on the
terms hereinafter stated : ;
NOW IT IS MUTU ALLS
AGREED BErWEEN THE PAR
TIES AS FOLLOWS!
This agreement shall be signed.
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