Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1870-05-14

. MIL bU reroilttAtA AhAia NN TAG NA'
or lie lhifleenlh 1T August, lslG
under which this fund WAS .oanel
Ia lle roads, il MAS provided that
tho Governor should cause a sale ID
be made of the roads iaiiins Ia pay
ANY inslallmunl of ih, interest duS
ON lhrlr bonds, or 0I iho two no'
cent. sinking hnd, No part Of Ihg
sinking fund has bccu paid by any
road since 1850, aud vi interest the
1nly paymcnls made since that date
arc bl the II 4 A. q. II, Il, S'is, 2a0
in the YEARS 1866 and 1867, and by
the Il. II, II. & &, L. Il, s6,le1, IN
1867. This condition of affairs
would warrant a sale at once for lh,
benefit of tho School Fund Of all
the roads indebted 10 Il bnt Il Is
suggested, IN view OF the disturbed
state vi the country during this
period, that these roads be relieved
of tho inrlcithro legally resulting
iipm lheir default, ON payment Of
the interest now due, aud of rcgu'
iAr ray,nent hpreailcr Of interest
and sinking fund coming due. II
this suggestion Is not adopted by
Your body, ! will proceed To sell in
acroitMncc with tho above cited
act.
The q,.esiion ofintcrnal improve
mcmls will como before you very
prominently, and in variety oI
ways. There is no doubt that the
people of Texas desire the cncour'
agcinvnt, in ju'liciops manner, OF
such public works as will afford
them means ofintcrcommunication,
and of connection with the railroad
system of the more Eastern States,
In Difference To what ! believe to
bc their wishes ] recommend your
careful development ofsomc system
that Nill secure this desirable end,
But, while the universal desire
in this particular will, ! have no
doubt, be ihtt III your body by n
corresponding effort, aud led to
believe that great caution will be
necessary to avoid cncumbcring
our State with n wcighty debt,
cirAtcd in further; nee of the many
Schemes for private advantage, but
calling for State aid, that will be
forced upon you in the name of in
tcrnial improvements. 1t has be-
come the habit of spcculatUrs pro
posing to invest In internal i'm
provcmcnts TO come to the State or
General Government iof aid, AND il
has now got to be II settled, popular
understanding that The Static Is 10
he called Upon to aid all private
schemes Of th'G G:lture. This scnti
mcnt is, ! believe, the growth in
this country Of less than Il quarter
of IL century, and is a very unhcal-
thy indication, and not at all stimu-
lativc Of Legitimate enterprise.
The absolute necessity for State
aid (btsbnd Ii libbrltl charter and
tic Fight of Wiy) is not apparent to
me as Necessity, to insure the sue
cess of any honest and feasible en-
tcrprsc. 1T is not believed that Il
road could be planned through any
settle Part of the State that would
not return large interest on the
capital honestly invested, and
whcrb PARTIES present Themselves
asking tor ITO sfotial an or c%clu-
sivc privileges they should where
evidence is shown that they VIII oc
able in good faith to comply WIN
their promises, receive from you
the appropriate encouragement; but
that even simple cha, ter shoN'o
not be granted. without y th's ev'ochcC
5 made apparent " tIio Y@St hrIh
Def OF Sclfemcs OF the SORT mat nave
never progaeseed iurther lnah &c
chtumbef our statute DOCKS ahe
obStruct the ground 10 o'iicr moro
ftsrcntlbln companies: .7s.E
The experience of Texas II st;bs!
dizing public works has not beer
very satisfactory. We have invcs
ted in this way (including principa
and interest due thereon, near twt
and thrcc-fouths millions of specie
8r it's Equivalent, and upwards o
five millions of Hcfts Of our bes
lands, (wortI fully ten million!
more in sbctie.l and We have some
what less than Ave hundred mile.
of railroad; which the State hai
mainly built, lbut docs not own ot
control ) to show for il. But tni
;s noi al lHveFv Ierisiaturc. ant
oyerN SontcIifio1hS of liz, ifiscc6pIle sine,
,bcsS Mniks tYthivcd subsidies. hai
bseH !Ysscf bt annlieations. (somc
t;,ycs not nnoccompnnied bv til,
orIer of narrunt;on : for relief from
,hc force and Eject Of The contract
unJar which thc grants were made
while ,hn rcstric. ions placcd upoi
the benrficiaries Of these grants t,
a., aco,,. on,t S;onyonionc