The El Paso street road was advertised for sale under foreclosure.
Authorized by its stockholders to purchase, I did so, and then
obtained from the Mexican stockholders and others in El Paso proxies
for a majority of the stock in the other roads. Calling a meeting of
each of the four roads, I proposed a consolidation into one company,
making the circuit through both cities, to be styled the El Paso and
Juarez Traction Company, with charters from the States of Texas and
Chihuahua. Governor Ahumanda of Chihuahua and the Governor of Texas
both granted the charters. The four companies made a statement of
their financial condition and expressed willingness to merge in the
new international company. It had a capital of two hundred thousand
dollars, distributed to each company in proportion to their annual
gains for the past five years. The directors of the four companies
elected officers for the new company. Messrs. Z. T. White, Jos.
Magoffin, John A. Happer, Max Weber and I were elected directors, and
by them I was elected president. There was some disagreement as to the
stock to be allotted the Santa Fe Street Company, and the officers to
be elected, so Messrs. White, Maxon and Gordon declined to enter the
consolidation. It was agreed to run the roads jointly, but the Santa
Fe company kept its own organization. The four companies were run
under our management as one road, all deadheads were cancelled and the
company soon prospered.
At this time Stone and Webster of Boston offered to buy the company
at its stock valuation, two hundred thousand dollars, and, after some
delay in correspondence, the sale was accomplished. The new company
at once put in an electric system and it has since grown to be one of
the best car companies in the United States, well managed, with two
million dollars capital, and some sixty miles of road.
It can be justly claimed, I think, that this was a most material
development for the cities of El Paso and Juarez. Too much credit can
not be given those who joined me in the project, Messrs. Magoffin,
Happer, Weber, and others. Printed proceedings of this consolidation
may be found in the El Paso Library.
THE REFORMATION OF EL PASO
The American War of the Rebellion and the Mexican Maximilian War left
El Paso and Juarez almost destroyed. Neither recovered until the
advent of the several railroads in 1881, when thousands of men, good,
bad and indifferent, were attracted by the easier access by rail. Many
had good intentions, but many were of that noisy, lawless character
that usually drifts to cities under such conditions. Gambling,
especially among the Mexicans, was soon a leading amusement on both
sides of the river, and the saloon and red light districts for many
years gave the two cities the just reputation of being among the most
disorderly and lawless in the country.