The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1868-02-01

II, u - UtsAs, pssssats u sss-
Mos Il NJ psstisa Of ~ Usiss
p,e,es nsilssaA russiss sAsssgA
6iassssi;
ri, rcsl ~ isssspsssasd by -
:. = ~ Legisjstsss, s3Psuvsd
s..rA f4eA, lol9, Al ~ ssaea1s.
q, of ~ ohastss ~ pansd March
n 1851, vhish, aness otAes tA'sp,
.....;red IL treasurer Of tAs som-
~, ia ssasg sspsrisssa!sss .
"a ~ anasal vsPost on H. 10th
4 n.senbss verified By eath, SEATING
4, rsesipts 81 eeass principal f:sts
|, ~ spssstisa 4 H. rod, and 70
\. - s.ns With The Secretary Of
~ Thh les not bsea dons.
n. H.. sasual report Of Tie dirsc-
~ !. nd 70 The stockholders shows
~ s,oss ssrsinss for the year ending
Y. e March lasa 70 have been a.
IA ~ "a, aad the net earnings
|.,a 40 90. The road was com
l'.,sS 70 he Western line Of the
.s,. on Tie second day Of October.
|ssS. s,d BY viytss, Of the act Of
m If Dseenbss. 1859, Ia expedite
= copssrues:.r q this asd the
..sihsI ed IL. Joseph Railroad,
!. ro.d bed. buildings, machinery,
Irises, c.rs asd other property,
s.ms o. IL sssoud day Of Octo.
Ia, tassbIs It ~ .sas rate ~
~ ,.sl .ad personal property.
~. or construction Of this road
si].lis,794 - asd the rolling
4 -, cost ~, O48,G74 80, making
!. total cost Of road and rolling
oct 13, 400, 4ss Al.
The total indebtedness Of the
S.si6e Railroad to the State, cxclu-
|ye Of tazss, 10 1850, 493, for
E;cb shs Stats has . ant mortgage
n on ths road sast Of Dresden, on
\ he rolling stock, ssd . second on
d road west Of Drssdsn was created
an aet approved February 10,
5e3. and 10 for u 500 600, one.
Sird II which l. due in 1868, one.
Sird IL 1859 ard ous.third in 1870,
ID fsr .hs psynss. Of which 'hs
\ esyninaa Of tSs road are pledged.
/ The State IN paying snnually four
Kindred and svsnty thousand dol.
In for intsssst o.. the principle Of
liz debt, which has BY accommodating
! i.tsrsst reached san exceeding
4 present valus Of he movtgagsd
kopersy, and IL Increasing BY acsru-
q interest nore rapidly thaa The
IIss II ths rseA.
While Il IL true that the payment
y tho rod Of the debt for the hrst
kn west Of Dresden, ~ II becomes
n, would enhance the valss Of the
Istes lien 10 tho extent Of onsl mil
bn I've huadrsd thovsasd dollars |
il also true that the Htats will have |
bid out, IN the meantime, for inter.
\ on The bonds originally loaned
v road, and on the boads issued
X interest On the same, upwards OF
300, 900, and the debt due tho |
|atc would be increased BY that
hOunt.
This road having failed 70 pay or
|ovids for the interest on the bonds
hnsd Il, the law creating the mort
|ge gires you the right to forclosei
ID As The road has also failed to pay
, tax required BY the G Constitution,
becomes the duty Of the Legisla-
70 to "provids BY Law for the sale
tho railroad, and other property,
ID The franchises OF the company
us IN dsfAult.. under the lien 70.
kvsd 10 the State
This Il the most valuable Of the
bc.s Of The State applicable to the
6uction Of the internal improve.
bat debt. The debt Of this road
Fms . very large rort:on 'cf tho
billy Of the State On account OF
bcyssl Improvements, which has
hailed . burden Of taxation an the
bpls. Bat Il hss added to our
Itcr;ai wealth BY the development
q broad bait Of territory, sxtend-
shroush the entire State, ~ Is
IN By he Inv. ,ass Of population
saxsEla wealth Of I'll the coua-
J through which II passss.
fhe atock holders contributed II
i great enterprise ea,609,2l6 %
| paid up stock, while the State
atsibstsd t7,0O0, 900 10 bonds.
u stoek holdsss ars almost all Of
bu eisissns Of our STATE. The
kd.has also floating asbt Of over
|nilIion Of dollars, vIash is, ! b.
We, principally due 70 our own
txcnn. Tks county Of q. Louis
8 lossed 10 ahis railroad it, bonds
|ths anouat Of e700, 900, BY which
Win b. sssa hat The road il In
b.sd, outside u The liability 70
y siaAs, over -, zoo, 900. The
npaay 4 ananciaily 70 involved
10 prsslsds The heps that u can
|sr ndssm il property from the
hstgsgs 70 Tie State. / recon-
bad Nat you adopt such course -
D In year judgment accrue to the
BE ~ greatest amount that can
obtained On account Of the In.
b>saasw Of this road. The loss
The public credit M for tho pur.
= 4 keildiag railroads 70 develop
3 So, al IL psopls have borne
ksAsa win that object. but rail-
pd cenplsssd for ovsr two Year,
lssld aoA IL justice to the tax
|ysss, ~ - cause Of continued
est'oa upes thsm.
|wnsssAsours Or Ex -CoxrrD.
kAfE GnnxaALs.-A letter 70 the
ssstos Telegraph ssates thss Major
Is. J. @. Walkes, Of Walkers old
Vision, y Il Versailles, Woodford
snty Ksstaeky. He writes in a
Ivats ls4tsr: II havs brought out
IN England fill 1T Of assan a.
k,9A.,.sY s-~lA-~ts anA dnnSwn