Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1872-07-27
THE TEXAS PACIFIC RAIL ROAD
The Wora that Thos. Scott has Under.
taken.


taken.
ri.cttor t. the Philadelphia Pres, f,om Shreveport
At this gateway Of the grandcsi
material enterprise Of this or any
other age, let nc give tho general
reader an idea of the work under.
taken by Col, Thos. A, Scott and
his associates, "'rhe Texas & Pacif,
ic Railway Company" sixty.six
miles of railroad, from Shreveport,
on Red river, TO Longview, Upshur
county, Texas, which is doing Il
good passenger business. This is
the line heretofore known rs the
Southern Pacific, and extends from
Marshall, Texas, through magnif.
icent region, to I'll Paso del Norle,
near the boundary between the
United States and Mexico, thence
to the junction Of the GiIa and Col
orada rivers of the west, at Fort
Yuma, and thence to the magniti.
cont harbor Of San Diego, on the
Pacific coast, which is land locked,
and large enough for one thousand
vessels TO ride with ease on its bo.
som. There is another branch, the
Trans-continental, which begins at
Texarkana, in the county Of B)w-
ic, Texas, ten miles west Of Full.
ton, Arkansas, and extends through
most fertile region of country to
Fort Worth, in the county Of Tar
rant, where it joins tho main line
above described, and the two to,
gcther pursue the route 10 the Pa
cfic Oh the Bind parallel. To Fort
Worth, after visiting the towns Of
Marshall and Jefferson, Col. Scott
and his party will proceed to.mor-
row, when we will stage it one hun.
dred and seventy-iive miles across
the country, reaching the railroad
Mt Dallas, whence we proceed
through Houston and other places
to Galveston. There we board the
Morgan steamer for New Orleans,
and So home, which, with the good
fortune that has SO far attended us,
We hope TO reach by the 10th or 18th
of july, or a Little over a month
since we left. This is long route;
when completed, we Shall have tray
cled nearly 5000 miles by rail,
steamboat, stage and ocean steam
er. Col. Scott and his chief engin-
eer have been continually occupied
during our trip consulting maps,
laying out routes, providing for
materials, workmen, etc, so thai,
when he reaches Marshall, the
threshold OF his work, he will give
his orders clearly. Col. Henry 6.
Stebbins, Vice President oftho com
pany, is now in London, negotia,
tips the first loan, which, under the
prestige attending this grand
scheme, will be easily secured.
BY uniting the two lines referred
to, chartered by the State of Texas
and by Congressional enactment in
cluded under the title Of f"The Tex
as and Pacific" Col. Scott secures
all the lands and bonds voted to the
said Texas roads by the State Of
Texas, equal in value to over TWEEN
tv millions Of dollars. This is ex-
elusive of the subsidies Of Congress
of public lands in the territories
between FL Paso, in Texas, and
Spn Diego, California.
The distance from the eastern
boundary of Texas ID San Diego is
about 1000 miles, or, including the
Trans continental road and its
brar ches from Iexarkana to Mar
shall, about 1900 miles. There
arc no engineering difficulties OF
any kind to Je met with; thcrcc IS
no practical difficulties in regard TO
fuel or water, and the country pre-
sents more facilities for the con
struction Of q railroad than can be
found on a line of equal length on
the Western continent. Compar'
ing the different estimates OF cost oil
this line, and comparing all the cs
timated cost Of all the other roads
in the United States, there can be
no doubt that this road can be con-
structed in firsL-class manner and
thoroughly equipped for business
at a cost, rs before stated, not ex-
ceeding $4,000 of bonded debt per
mile. To aid in the construction Of
this road the United States has
made a grant of its lands in the ter
ritorics of Now Mexico and Arazo
mia and the State of California, in
all not less than 100000. acres,
in alternate sections, alorg the route
Of said road.
The company offers IFS bonds, is
sued under the provisions OF its
charter, secured by a mortgage OF
the entire road, its franchises, prop
erty, rolling stock and appurtenan-
ccs, including the fifteen millions
Of acres of land granted by the Uni
ted States, and believes that no bet
ter or more satisfactory security eX-
lists. The bonds are payable IN for
ty years, in gold, and the interest
at six per cent. with one per cont.
for sinking fund also in gold, pay,
able semi-annually. The principal
and interest will be payable at the
option of the holder, in Europe OF
America, as set forth in the bond
Besides this development OF bus.
mess, is the actually existing busi
ness of transportation, and already
adverted TO in Texas, Chihuahua
Sonora, New Mexico, Arizonia ano
California. Mr.. Greeley, who trav
elcd extensively in Texas in 1871
estimates that in 1880 she will have
a population of two millions, anC
that her industry and cntcrprist
will have far outstrippcd the in
crease of population. 1t is estiina
: ted that at least 100000 cmigrant
have arrived within her borders du
ring the past year, and that 'hor
will be shipped from the Red rive