Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1869-11-13


iron communication Hrr1ss HE fair.
est portion oi hoF Tertiary, the Stat,
of Texas mado tho company a mn
nileent grant or her public lands
amounting 10 l0,sip acres per mile
or eight alternate sections uf 6lO
acrca each, ON both sides oi It's llne
of way, ON the most favorable con
diliphs. Tho whole quantity nj the
land thus granted amounts to S,325,
l2O acres, or an area larger than
that of the State o. Now Jersey
These lands, at a valuation of livo
dollars an acre, which is very
moderate onss when traversol, Us il
will be, by railroad, aud in oonsid-
Grafton of their fertile character,
will produce over foriy-ouo millions
Of dollars--a sum quite suillclont to
build and stock tho whole road
The company is now preparlng to
inuaguratc u system of Immigration
OF the most desirable people OF Ger.
many aud other portions of Europe,
By which it is intended TO absorb
for settlement all its lands granted
by tho State, and acquired other.
Wise, and ut tic same tinc, I'LL up
tho country, on each side Of the read
as fast rs il is built, with u popula-
ton given to agriculture, manuiac-
ture. and tho Industrial arts, and
whose presence viii make tho line
n paying one from tho start.
When the war broke out, the COM
pany had expended over a million
Of dollars in grading sixty five miles
of tho route from Jefferson to Paris
in lamar coqnty, a distance of l50
miles, and Of these sixty-fvo miles,
fifty were ready for laying down the
rails, which had been manufactured
by q company in the State of Mary
laid, but thoy never reached the
possession Of the company, owing
10 the Intervention Of hostilitics.-
These events put stop to all work
on the line, and nothing further was
done to revive, the enterprise, until
the opening of 1867, when an effort
was made to 80. on with the road
from whcfe it was left cif, but the
firuhcial rcvulsion in the South,
caused by thcrcconstruction conflict,
and other unexpected difficulties in
tervcning, led to its postponemont
and to reorganization OF the com
pany.
Shortly after this, General FIRE.
mont, Nicc-Prcsident of the comp6-
rs, and Chairman of its Executive |
Committee, opened negotiations in
France for. the sale of the company's |
securities, and succeeded in placing
upon the Paris Boursc. at satisfac-
tory rates, ten millions of dollars of
its First Mortgage 20 years 6 per
cent. Land Grant Bonds, payable,
principal and interest, in gold, and
secured by deeds of trust to Cover
nors Curtin and Pollock, of Penn
sylvania, and Mcssrs. Forbes and
Swonson. Of Now York, upon the
company's lands for the first 500
miles OF the road, rom Jeherson 10
Palo Pinto, amounting TO nearly
three millions of acres. With the
proceeds IRON ,hesaleo OF these ponds
tho.eompany is now building The
first one hundred and fifty miles of
its road from Jefferson to Paris, un-
der the dircction of Mai. j. MI. Dan
iel, tho cngincer-ln. CHIEF. Inc Garth
work Tor eighty miles OF this section
is ready ior recelvInS the, rails, Two
cargoes OF whlch are now o1 their
WY ron AntwcrP " NoW Or'cHns'
70 pe loi,oweu py ,noh.n!y ~, sup
meh's u oVV VI 1,oVo IONS 1 hvse
ra'ls are mamo,actnred uhoer 'he
supervision OF ar. Emmanuci r. ms
'ishol, tne company 5 engineer; res
,deht IN fal's, pyathe IRON WORKS Of
aiauDeise IN france, ana weigh sew
,nty-three POUNDS 70 inc iineal yaru.
ocveral locoMotlyes are Deing also
constructed IN Franco uhder ME-
Lisslgnol care. ana are soon 10 DC
shipped with other rolling STOCK. =
Tho Patterson Iron Works, IN New
Jersey, are Ike wise turning out,
inder the spervIsion OF Engineer
W IL. Bergholz, locomotives Tor the
company, whIIe the Springfield Car
Works, OF Massachusetts, are build
ng cars, &c. 1t is designed TO have /
E..gf a.,t, sNff haT N ~
he hrst seeIioh OF lne road D ~ oPera-
ron IRON Jefferson 70 ! aris, ny .ho
irst OF March next, ana 10 place @ lne |
ceona secllon sect uhaer CONTRACT tra iorsh- t {
WIN. m !
General Fremont is nowin Paris, {
md has been there since July last, !
IN the financial business oftbc road. 1
Ic has met with much opposition I
o his negotiations from rival inter g
'sts, but he has triumphed over all /
he enemies of the enterprise. lie .