Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1869-10-09
To the Citizen, Of Nor,hern

rIAis. Is,.s. ssPi q. las,
have the hsnor q laJihs before you
the felloulng information in regard 10 the
basis upsn which the necessary nsasy has
been raised 10 construct the Pacific Rail
road through Soriherh Texas, aud ON the
iips o. the Memphis, III PasO 4 fasihs
route.
Capitalists Of Europe have agreed upon
The following basis as a Security for the
Bonds Of the Company;
That the citizens in the counties through
which the road runs, and In the adjoining
counties, shall furnish TO the company the
amount OF lands TO each mile OF the rail.
road constructed which the read would
have received In It's reservation, had the
lands been vacant when the Charter was
grantsd-ihat Is, eight sections 10 each
mile. This land, when owned by the com.
pany, secures the basis for the payment Of
the interest on bonds upon which they
have raised money TO build the road. This
money has been negotiated and placed In
the hands Of Trustees aud the President OF
the Railroad Company TO construct this
road as rapidly as possible. But the oiti-
fehs OF the country must make good the
land basis before any large amount OF this
fund is expended and 10 insure them that
those who have negotiated this fund are in
earnest, am Instructed TO put the work
under contract at once from jefferson TO
the Brazos, and have sufficient force Of
Engineers engaged TO locate the same i'm
mediately. The contract has been let out
from Jefferson TO Paris, and q large force
is now at work. Four parties of Engineers
under charge of Maj. c. Il. Howard, Engi-
nesr in charge of the State of Texas, nre
in the field between jefferson and the Sui
phurs. And the necessary funds are de-
posted to pay all the expenses which may
be incurred. This, | am satisfied, will
show the people Of Northern Texas that
the parties are in earnest, and intend to
comply with their agreement with Prcsi.
dent Eppcrson and construct this project
through Northern Texas on our line.
The plan agreed upon for basis Of pay
ment Of the bonds of the railroed compa-
ny requires the land owner 10 sign title
bond agreeing to deed to the railroad COM
pany such lands ns he may designate, at
its present assessed valuation, receiving
therefor the full paid stock in the railroad
The same agreement appoints Trustee,
with full power from the land owner to
make good and sufficient deed 10 the X. Il.
Co., and receive for the same the full paid
stock, upon the roads completion in q
specified time in running order to desig-
mated point. And in case of the death, or
inability of such Trustee to act, then the
Sheriff Of the county shall act in his place.
BY this plan proposed the land owner
obtains full paid stock in q running rail
road, which will represent the full value of
the lands he has parted with to the compa-
ny, while the balance of bis real estate be.
comes enhanced in 1altie ten times the
original cash price of the whole. 1t is i'm
possible in any way for him to lose, and it
insures his gath. So soon asa sliffitient
spirit is made manifest on your part, am
instructed to place force enough upon the
work to G6mplete the road in running or
der from Jefferson to the main line By tile
fr5t day Of March next, and Oh to Paris in
as short time thereafter as it will be prac-
ticable to grade and lay down the iron
rails, whith DIRE nov being manufactured
in EUROPE.
You will be addressed by Governor
Throckmorton and other influential men
upon this subject, and you yourselves must
act, and not wait longer for other to fill
yUtir pockets with wealth. You are the
interested parties. Let the land owners
come together and appoint their own
Agents and Trustees, and awake this coun-
try from its long sleep. Hoping you will
realize the full force of this opportunity to
obtain this Pacific Railroad from ocean TO
ocean through your section and that each
one will consider this matter his special
business, because it appeals to the private
interest of each citizen In the country. In
conclusion, am happy to inform the
stockholders of Northern Texas that their
interests have been fully protected, and
each stockholder con obtain from the Sec
retary Of the company his stock, full paid
to the amount Of money he has paid into
the Treasury, and for which he may hold
certificates or receipts. No further assess
ments will be made upon the Texas stock
holders. All stock conditionally trans
ferred to Mcdowell & Co., reverts back to
the original owner, as the present negotia-
tion has been perfected through the con-
tract made with Fremont and Schmele.
Yours respectfully,
J. M. DANIEL,
Chief Engineer.