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

safe and first einss, ssiie from
od,nary rsrali.,,,,..,.,,,,.,.,r...sli0
f"r new ties, bridges sud cu,Veus
nserssary TO b replace ,,-...., 10000,
Far rolling stock, neW nnl renewed 1900,
For Interest on dehl sCrrn'ng Ia
r,ng the Nnr,.,"""", cocoon" "s1,nN
SgIn,0pl
The ahave amounts were paid within ~,
Nrais after the war aud 10 noI inrluLe or,
'lirary cIaiIs aal summing exIsnsgs
which amount TO over S'.lN,ull Icr year.
These nre somc O; the reasons why more
road was Dei built,
Ncu say iha, tho rate ~ charges are
high,r than any other road In the 4, =, Ne
In Thu yon nre Iuis'nkvn; they nrr 40 high
80 thar The luoa, charges on most OF the
Southern roads. A shot road IN n sparse
~ settled country like ouis, wiIhg business
~hirh only employs two trains per day,
viii nni pay nj u reduced tariff. When tho
i"nd Is longer and great amount of bust.
less uT,rs, tho rates eau AMI will be relu-
rrd. The cost Of supcrstruciurc aud iron
Of this road is ~ much probably, per mile,
~ that of most roads In the North, or else
wL;re, through n dense population enjoy
ing great trnfu, the outlay being ms great
an ih!s road to run .wo trains daily, as
upon some other roads running twcn.y
trains, and of course the latter can carry
freight for onc.fith of our rates and make
inoncy. As length of road increases, the
inics will DC reduced, aud cannot be done
until then.
lou say that the road is not encountered
with debt. This is another mistake. The
landed debt of The Company is two millions
81 dollars the interest Of which is paid
promptly when dnc. and the company can
not expect to borrow money, or erjoy II
credit 10 extend its road, without being
prompt in this respect.
You say that Northern capitalists have
offered TO build the unfinished portion
This is also n mistake. There has never
bren any such proposition, nor even n hint
of QUE, brought to the notice of any of the
managers oil the road. None of them ever
heard Of it. 1t is without any foundation
in truth. Had there been nn intimaton
from any quarter to that effect, it would
have been grccdily encouraged.
Instead Of rcpeling Northern capital, or
any other capital, the managers, having
no other object but 10 build the road TO Red
river in the shortest possible time and over
the most direct and cheapest ronte, and
knowing that the reward for their own
large investments and years Of strenuous
labor would be realized only when the
road should be fns.. and connected with
lines tending southwark from Kansas and
Missouri, have increasingly, by every in
ducemcnt in their power to offer, sought
capital every where where there wasa pros
recl Of finding il, and are continuing to do
30. They know that there is no domestic
capital 10 be invested in railroads, and that
they cannot be built except by Northern or
foreign capital. They have under contract
10 be finished at once, thirty miles, and ne
gotiaiions are now pending for 12S miles
additional road, every dollar of the cost of
which is to be paid by Northern capital
They have found it hard to induce the in
vestinent of capital in railroads, because of
the manifest Lnfriendliness Of the people,
evidenced through the Legislature by va
rious stringent conditions in the general
acts concerning railroads, adding onerous
requirements and liabilities TO them rs
common carriers, exceeding and beyond
the requirements of the common law, and
of the laws of every other state in the Uni
teh OIutCo uuu VI iJulopS. Wv
press, a sample of which is to be found in
your article, when you say that "the most
unfiring energy and herculean efforts
" will be made to reduce tho cxorbitant
" rnies of charges Of tho Central Road."-
All Of which have had and is having o po-
tent influence in repelling capital from in
vestment in roads in this state.
Capitalists see here general petulencc
and irritation, which is observed no where
else, and they fear to risk their money
where there is disposition, so soon as the
benefits are secured, to talk of colossal mo-
nopolics, rcmorseless exactons, in the face
of the fact that no road in tho State has
ever been able to pay its stockholders one
cent for money invested for years. The
OF this road in applying for cap
tai, have been invariably met by these OBJ
jectons on the part Of capitalists. They
say, we promise everything, but when once
in possession, that the disposition of the
people most benefited is to clamor TO the
Legislature to hamper and add onerous
so as to render their investment
unsafe and unproductive.
The charges complained Of have always
been within the rates allowed by law, and |
in no case have they exceeded them.
You ask Why the line of the road has not
been surveyed and depots established more
Inn thirty miles ahead Of building? The
answer is that IL takes considerable money
10 do il. and TO lay out money for that pur-
pose a long time in advance Of building, is
, loss OF interest and a waste, aud cannot
i'd ono inch TO the road, or expedite its
building one hour.
You ask why the road does not take n
lirect course, sc. The reason is, to save
money. Ifwe wanted TO increase the rev
niue. as you hint, would not the length Of
straight line bring as much as the same
engih. in a crooked linc2 The line 10
,uilt on the general course required by the
hartsr. on the most direct and cheapest
cute that engineering instruments eau
ind. without detecting one way or the 9TH
r. for any confederation except economy
4 construction. The line has, as far as
pih. taken q direct course, and has not ,
ollowel the sinuosifies Of the BrazOs. IL ,
basexsr varied from straight line from
h. point Of leaving the original Austin ,
-,nt IL was done 10 avoid insuperable
4 v.ieal oa,sf.cles. a rough route viii al
avs be AVOIDED for smooth one, II u u !
sssible 10 fnd one without going out Of Che !
eneral course
The managers Of THE read have pat
re, smount Of capital in il, aud they look
is s,ccersfui eonplsfion 10 Red River {
, their only hope q Reimbursement
II. purchase Of the Austin branch vas
,Is mostly for TIE binds Of the Company,
"A r.ouirrz bat a srr-il amount q iunas- '
I, object q he purchase vas % increase !,
!. l-ssiness Of tie Csntr.l road from Aus
! and -, west. Which vas being diverted '
sps.bsr q-sr1.r. bsssuss i Vas not run .
III sr- reliability. rra il,s rssuit has MA 4
--.,d he c15eet hsd ia view Al
ms 70. managers hrvs strive. - on.la /,
IL credit Of he rs.Fans- and haFs' u