The Coconino sun., October 18, 1912, Page PAGE THREE, Image 3

About The Coconino sun. (Flagstaff, Ariz.) 1898-1978

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FRIDAY. OCTOBER 18, 1912
THE COCONINO SUN
PAGE THREE' ,
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Most Sensational Show in America
"The Show that's Different"
. Will Exhibit at
fLAGSTAff
Tuesday, Oct. 29
One Day-Two Performances
2 p. m. and 8 p. m.
Al. G.BARNES
w ) w Wild Anima
CIRCU
0 -Animal
ATrican Lyons Rife Arabian Stallions
Herds of Elephants !
Camels., Zebras, Sacred Cattle, Arctic Sea
Lions
32
.'aroups o
leasts in Heart-Still
ing
Boxing Kangaroos, Wrestling
Siberian Bears,OrangOutangs
all highly educated
150
Ponies, Dogs, Ape's,
Goats, High School
Horses, Merry Clowns
A host of Novel Aots
3 Military Bands
New Free Street Parade 10:30
a. m.
RAIN OR
rLAOSTAff
TUESDAY, OCT. 29
Actors 35
f Savage
Acts.
150
SHINE
LABOR DOES '
NOT FORGET
PROF. WIL80N'S ANTAGONISM TO
ORGANIZED LABOR IS A MAT-
TER OF RECORD.
REMEMBER SOUP HOUSES
The Dark Times of Democracy Still
Freeh In the Memory of the
Worklngmen Who Had Noth
ing to Eat and No Placo
to Sleep.
PROF. WILSON ON LABOR.
"Labor It standardized by
trades unions and this Is the
standard to which It Is made to
conform I need not
point out how economically dis
astrous such a regulation of la
bor Is. It Is so unprofitable to
the employer that In some
trades It will presently not be
worth while to attempt any
thlpg at all. . . . Our eco
nomic supremacy may be lost
because the country grows more
and more full of unprofitable
servants." From an address by
Prof. Wilson to the graduating
class of Princeton university,
June 30, 1909.
Woodrow WllBon, Democratic can;
dldate for president. Is now address
ing honeyed words to the laboring
man In the hope of securing the labor
vote. He would, If he could, have the
workingman forget the address dellv
ered by him at Princeton In 1909, In
which ho regretted that "labor is
standardized by the trades unions,"
and asserted that such a regulation of
labor is "economically disastrous."
Nor will labor forget that In tho same
speech ho characterized members of
labor unions as "unprofitable serv
ants." No wonder that the Minnesota State
Federation of Labor recently adopted
resolutions condemning Professor Wil
son for his antagonistic attitude to
ward organized labor.
And while Professor Wilson is ap
pealing to the workingman to over
look his own personal views and vote
the Democratic ticket he should know
that the record of the Democratic par
ty in connection with the worklngman
is engraved upon the tablets of labor's
memory.
Labor has not voted for a Demo
cratic president since the terrible ex
perience which followed the Demo
cratic victory In 1892.
And labor will not this year vote
to repeat those distressing times.
What Labor Remembers.
Labor has not forgotten that under
Democratic administration., before the
election of President McKlnley, thou'
sands of idle men were walking the
streets of every city, town and ham
let In the country In search of em
ployment and the chance to earn an
honest living.
Labor has not forgotten the soup
houses established all over the coun
try at that time.
Labor has not forgotten the proces
sions of unemployed from New York
to San FrancUco, and from the Cana
dian border to the gulf, seeking NOT
CHARITY, BUT WORK, during a
Democratic national administration.
Labor has not forgotten Coxey's
and Kelly's "armies," one of the
products of Democracy.
Labor has not forgotten the hordes
of tramps made by Democratic rule.
Labor has not forgotten that the
Democratic national administration
caused the depletion of labor's treas
uries to keep the destitute and unem
ployed alive.
Labor has not forgotten those try
ing days of Democratic misrule, when
It turned Its halls, meeting places and
assembly rooms Into sleeping quar
ters for all who could find room
therein.
No Bread to Eat.
Labor has not forgotten that labor
alone suffered then, that labor lacked,
bread to eat, clothes t6 wear and a
roof for shelter.
Labor has not forgotten that labor
alone worked out the problem of Its
salvation in those 'rying days.
Labor has not forgotten that It
bounced Democratic rule for Repub
lican rule at its first opportunity In
tho first presidential election after
that period In 1896, and has not
voted for a Democratic candidate for
president since.
Labor has not forgotten that trusts
and monopolies were born In the
White House while a Democratic
president stood guardian.
Labor has not forgotten that Dem
ocratic free trade means free trade
in labor only.
Now a Full Dinner Pall.
Labor has not forgotten Its lesson
on how it passed through poverty and
frlendlessness and Democratic mal
administration to tho full dinner pall
of the MoKlnley and subsequent Re
publican administrations.
Labor has not forgotten that the
American Federation of Labor held
its annual convention In the council
chambers In the city hall, Chicago, the
week of Monday, December 1, 1893,
at a time when D.0OO men were night
ly sleeping on the cold stono floors ol
Chicago's city hall building, because
of lack of money to secure other shel
ter. Farmers Will Not Forget.
And farmers have npt fcrgotte:
that during the period which brought
such untold disaster to labor they
themsehes were neither prosperous
nor happy. They worked hard ant?
raised big crops, but their market
was gone because their customers
could not buy.
The candidate and the party whose
policy puts labor out of a Job robs
the farmer of his profit just as truly
as If the blow were aimed at him
nirect
President Taft's Dignified Attitude.
From the Qulncy (111.) Whig:
President Taft has old-fashioned,
but nevertheless admirable ideas, re
garding the dignity of bis official sta
tion. He believes that It ill befits
tho Incumbent of the high office he
occupies to take the stump and argue
with the people that they should re
elect him. The record of bis admin
Istration is an open book, and If that
record does not commend him to the
favor of his country he will not go
forth and importune voters to give
him another term. The president's at
titude Is an admirable one.
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,
to 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 paid mort
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. Denni 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. 0. 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-com
plaints 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 Jevery 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 a9trip of landtwo 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 (2J)
miles of spur or branch line to the
Anita Mine, togelher 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 the 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 8nd 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
yon 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 same 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
railroad 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 five
per cent per annum from the date
o'f 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. Page - 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 is 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
j bonds except with the consent of
tne noiders or 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, Kas 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. 18h8, 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 Raihoad Company and' to
provide the sum of $150,000 on the
terms hereinafter stated:
NOW IT IS- MUTUALLY
AGREED BETWEEN THE PAR
TIES AS FOLLOWS: ,?
I.
This agreement shall be sighed
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