Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1868-11-28
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time. daring the last ii'ur eats A
p-r-oh Using hr west frim Marshall
ia loealiiy destitute NJ ihe e''n,e.
hishees " lran-p station would vat
a1.ily inquire intU Ire r0ndliiun 1T
the Railroad and its pr'sprris f'r
extension. Prom prrs1nal ubserVa-
ton I can assert that the rnndili m
arthe track 10 good, and bying made
moro permanently 50, each day, 4
large repairing forte IL bnslly en-
ployed 10 perfect necessary drainage
and adjustment Of superslrurlure,
the want Of which has heretofore
been the ehiefand primary officially
Ia prompt transportation Ia nd
diton TO the former rolling stock n
frat class locomotive is at work and
twenty new freight ears are la pro-
&c of construction, some three or
four have been completed, and the
remainder will DO ready for use in
two weeks. In the meantime, TO
meet the demands of shipping, the
train is making two trips daily, ear
r ling of about 400 balcs of cotton,
per day, II had been question
with the people in my locality,
whether our cation could lind ready
conveyance To Shreveport by Rail
road They may feel perfectly MS
sured on this subject. So far but
little delay has been encountered
by any one, aud the daily incrcas
ing capacity of the Road removes
nil doubts on this subject, During
my last trip ! met with several Ter
sons who were sold.out stockholders,
of the former company. They were
quite blue OIL that account, never.
thclcss they, admitted the fact that
the company u which they had he.
longcd was unable TO extend the
Road wctward from Marshall, or TO
repair and stock the portion already
constructed. Among the blue ones,
] met with one who had been form.
crly connected with the enterprise,
officially, and from whom ] obtained
tho following information: That the
former company, had died from ne
cessity; that Fl ON its organization,
il had undertaken to carry u weight
OF liability in the way of stock and
debt impossible TO DO borne; that
he did not consider the loss Of his
rtock to have accrued by conso
qucnce Of the sale; that stock in an
insolvent company could moi be
damaged by AIRY event. lie further
informed me that the liabilities Of
the sold.out company amounted to
nearly two millions Of dollars, EN-,
bracing two mortgages, one to the
State and the second one to parties
in Louisville kentucky. That the
recent sale of the Road was incyi.
table and would have occurred six
years ago, but for the intervention
of the stay law in Texas. He seem
ed to be satisfied with the result.
That no regretted his investment
in old stock seemed evident, from
his manner of speaking.
gained from him also the fnan-
cial condition Of the present com
pany and their capability to extend
the rond westward. Upon the fl.
nancial condition he seemed to be
exact. Ills information was, that
tho present company held the char
tor, franchise and all the property
of tho former company, with undis-
puted title ut cost of $500, 900; that
the Road and rolling stock had
cost and was worth, as rcmunera-
tive property million and a quar-.
ter of dollars; that q dividend of
from 8 to 10 per cent could be paid
on that amount nearly, even with
length Of road now completed; that
the parties now controlling the en-
terprze had reduced the current
expenses to n reasonable and neccs
sary standard, and, with tho earn
ings Of the road since May last (thc
time Of their purchase,) had paid
every obligation incurred by them,
leaving balance which has been ex-
pended in the purchase Of roll ing
stock and motive power. The abili-
ty of the present company is mani
tested by their success in repairing
the road bed and furnishing the
necessary machinery and rolling
stock, to meet the demands of the
g,resent season. Besides this, the
present managers are known to be
men of capital and integrity. The
controlling interest Of the company,
are owners of the Peters colony
lands west from Dallas. 1t is their
interest therefore, rs l believe it
their design, to carry the road on
as rapidly as possible. Why may
they not do it? There sccmo to II
plain thinking man no obstacle
Thcre is 80 largo margin left be.
tween the cost of the road and its
real value, that money VIII seek
investment in it. Prudent manage
ment for few months] will over
come the odium heretofore Cypress
cd the enterprise, and it will progress
successfully. Mr.. Editor, in the
extension of this road | would cal,
through your paper the attention
of the II. X. Co. to the route of the \
road. 1t is already graded to near
Earpville i, Upshur County. Dallas,
it is understood, is determined
point. 1 urge the claims of the line
through Wood County, knowing it
to be q shortest line and believing it
10 present fewer obstacles in surface.
It's construction on this route would
connect several counties adjoining
to Wood To cotton growing, and
cotton is the most profitable article
which can be shipped by Railroad;
because it always demands back
frcights. Wood County has an i'm
..oas.. amount of nine timber which