Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1867-12-21


Day" Lon. Is. II. Epperson returned to his
slome in led River county, recently, from
"A protractcd visit to the Nor b, for the pnr'
rrosc of pressing forward the work on the
Memphis, Ell paso and Pacific r. r. The
Jefferson Times learns from him that ii
wns found iupracticablc to raise money up
ION the bonds of the Company, Cor construc'
ton, as undertaken by Gen. Fremont and
others. The parties who originally prom
iscd to take the bonds of the road, now 70
fuse TO do so. Mr.. H., however, entered
into n contract with DR.. Wm. Schmolct
Of Philadelphia, on the basis of lands tt
build the road, and lie promised TO bring
the matter favorably before Congress, as
rti,e best route to the Pacific, and do what
BIC eau to secure the assistance OF the gov
eminent in tic undertaking. The Clarks
willie Standard, gives the following details
of the arrangement with Dr.. s.:
"Mr. Eppcrson has after much pa
-ticnt labor, and in the face of serious
obstacles, at length made an ar
rangemcnt with n new party, a gen
tleman of intelligence and capital,
having extensive connections with
the German population at home,
and in the United States and who
has in several previous important
schemes succeeded fully, by those
connections, and his high standing
with the Germans. He does not pro-
pose to build it by the use of his in
dividual capital, which of course
could not be adequate to such an un-
dertaking; (though he proposes to
use his capital and that of some of
his associates in the preliminary ar.
rangomcnts which are to be based
in part upon political influences
but largely by the use of lands
which will be expected to be made
up in the counties through which
the road will run to the extent of
the grant by charter, or something
near it. Upon tho increase in the
value of the lands which the con-
.etruction of the road itself will give,
stie road is to be built-the grants
of land 10 be complete, only when
the road is constructed. The stock
is to be divided into small shares,
and each share to entitlc the holder
TO a small tract of land, two shares
of stock, and lot in any town or
village which may be laid off by the
company, along the line of the road.
The Contractor has been the builder
of two small cities, one Ia New Jer-
sew, and one in Missouri by a SINH
lar plan, and one or two villages IN
Iowa or Wisconsin. He does not
propose 10 commence work until
Congressional sanction shall have
been given; holding that without
this; Investments can not be induced
In the present unsettled state Of az
fairs. We have no glaring promis-
es; are to run no risks; but the plan
is earnest, patient, practical and
snethodical; and success is to be at
tanned, if at all, by the investment
Of a great many small sums The
principal undertaken is already at
work vigorously, and entertains lit
tie donbt OF success, because be has
never failed in schemes heretofore,
based upon the sane general Prin-
cipIe, aud feels rhat be has the IN
limited confidence .ef the German
people. lie will havsfetfve agents
IN Germany, TO cause Immigration
10 tend 10 Northern Texas. instead
Of Iowa and Missouri ss heretofore,
which States they find too FAR North