Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1868-03-28


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stish .tanli base ihsiT ssiEht ia fsrlaing
year iriEsmfai uFoa he rnrparsiion.-
Ani Ia doiug This only sPsas from suci
Ines ledge 40 ga ouis'ie olssrs sr may gain
as have sresss nsiihsr 10 he hooks MOI
he oii'isl reports OF tas eamPsnF.
wLsn the var cane on this Rad vas ia
fair pTospeei ~ constructing 80 10 80 mile,
year sad bni Tor ale var ia al! pTobabil,
l iiy trains NUgii no9 he runuing'is Red
. River iui the utter eIhsus ion brought
/ uPoa the eoaRiry by that struggle has been
loahly felt ~ all iis public enterprises,
aud Niih lie iTafie sut down ProportioRaie,
I ly with ihs eolloa crop ihe Central Road
has recovered only ty degrees anl By Ihs
/ sIsaissl sAsFliaa,
The WaE besides cutting short its bus
mss ani IA Fans Of rsiensioh, made the
heaviest possible dgans urlh It's earnings,
I In the transportation of troops anl supplies
which for the NEST part VAS only paid for
al neminal rates, and such rs a, the close
| len the eompany la Possession of milllaRs
Of b9nds that were not worth the paper
they were printed on,
Its roliing sleek, locomotives, machine
shops, rails, ETC., were nearly all Uorn out,
aud have had ia a large measure 10 be re-
placed since, Ihis has cost vast deal Of
money, aud for the first year or two must
have absorbed every dollar o! the earnings
OF the road,
hut bot eonlent With ihl,, ihe managers
Of the rosl went at ouce 10 work pushing
their enterprise on, aud they have compile.
ted twenty mlles already, aud have a fair
prospect OF completing hny miles more in
1853.
Your idea that the road |, not In debt, Is
incorrect. lis entire debt reaches nearly
II not quite two millions Of dollars, the pay
ment Of the inrsresl Of which absorbs no
little Of Its earnings.
The company now, | happen 10 know,
are doing all in their power TO push the
construction rapidly ahead, and for this
purpose are selling their bond, wherever
they can lnd purchaser, for money TO put
into the work. They have sold quite an
amount In New York, and are now Offering
them here, with what success remains to
be seen, heard Of a sale two days ago TO
one OF our moaeytd men Of $40, 900 OF them,
at what rate has not transpircd, but under
stood to be about 90 cents per dollar
These bonds are payable, principal aud in
terest, in gold, the interest being per cent
And ms an investment, lyerily believe beats
farming, merchandising manufacturing,
and sleambosting all TO pieces; because
they are sure, they are well secured, and
they cost the owner no trouble except every
six months TO scissor OIL his coupons and
present them for the gold.
Now what wish to say in this matter is
that If any one in Dallos wants to hurry
this road, let him buy some Of these bonds.
II any body wants to invest money where
II will give him good income and no trou-
BILE, let him buy some Of these bonds. If
anybody is dissatisfied with the manage
ment of the road, let him buy these bonds
and it will cure his dissatisfaction.
As to why the managers of this road do
not stake Off their dcpots two hundred
miles ahead, why the road does not abate
its charges, etc., why, dear Herald, let mo
ask you, TO place yourself in the shoes of
the managers and answer. They are sim
ply consulting the interests of their enter
prise, and let me tell you, that when cor
poration or man fails to do this, it does
not take long for it or him to get down at
the heels.
But what am most thinking of is, that |
while every other railroad corporation in |
Texas has done all in its power to move on,
not one OF them have yet recovered enough |
from the prostration Of the war to move a
peg. You have told the story of the S. p.
X. r.. and the NJ, IL P. and p. The B. b.,
b. & b. is but little better The A. 7. s. b.
is in hopeless insolvency. The N. o. & Tex
MS has been able 10 effect nothing. The S.
A. & NJ. G.. is likewise barely alive. You
say Northern capital is freely Onered. Yon
are simply mistaken in this matter. Not
only is il not freely offered, but it is, owing
to the regulations of '56 and &c. and the
political stew in which we are involved, as
scary of Texas investments AS you would
be of Brandon Bank bills. Our railroad
men cannot command money to go ahead,
do what they will. The people of Kansas
and st. Louis are better of, and am glad
TO see them coming along down l only
hope they will keep on till they reach the
Gulf, as my idea is that every mile Of rail
road in Texas is worth u hundred thousand
dollars to the State, no matter whore it is
located, or whether private interests are
bettered or wOrstsd by them.
had ride in the street car in Houston
yesterday, and quito comfort it was, sa-
wing me fully mile Of walking, which, to
legs such as mine are growing to be, was
o favor indeed This is the first one yet
running from Court House
Square over mile South, and to the edge
Of the city in that direction.
The wooden warehouses on the bank be-
tween the Central Railroad and the Bayou,
occupied by Peel & Dumble, are
being pulled down to make room for an ex-
tensivc Touring mill there. Somebody has
faith in the Central Railroad bringing
wheat before long.
Tho iron bridges spoken of in one of my
previous letters are being put up. They
are of wrought iron, of great strength and
beauty, and are among the many evidences
If faith our citizens exhibit in the future
If the city. The court house, the finest in
house in the State, the substantial churches,
VII uuu WctRuI " tHis eFlucHCc. lHc BOOu-
'or-nothing tumble down city hall, howev-
n, very nearly removes the good impress
ZION, and is calculated to disgust the obser-
'er.
Gas, it is said, will be turned on the mid {
lie of next week, and our streets will then
,e lighted up for the first time in their his
DRY.
Won't you come down, brother Swindells,
md pay us q visit then2
Capt. Johns politcst bow to the new Ed I
tor, and here's to a better acquaintance.-
Much satisfaction may he derive from dri-
ing the editorial quill.
Yours truly, CAPTAIN JOHN.
HoUsToN, March Is, 1868. [
There is some figuring going on looking !
o placing the entire grade from Calvert to 6
DALLAS, ON the Central Railroad, under con- /;
ract. Whether the thing will be done, /
annot say, but believe it will be, because {
N, a N a oaro nf that antarnriea uot s