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.
No mayor could be elected unless he harmonized with and fostered all three of the above mentioned elements—some mayors lived in the red light district. Notwithstanding that righteous and well intending people were in a majority, the bravest of them were unable for many years to work any reformation, business and professional men being ostracised when demanding reform. Many cruel murders were committed, but it was impossible under the dominance of the three bad elements to procure convictions.
Horace B. Stevens.