The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-12-09
Texas aud 'raoile Railroad.
A dispatch TO the New Orleans pa
pers of the 9th lust, sayai

dispatch 10 tile New Orleans pa
pers of the 9th lust, says!
On Monday, or a0Qn thereafter, Rep.
resenlallyo llOughton, Of California,
viii Introduce In the house Of repre-
senlAlives q bill u aid The construction
Of the Southern Pacific railroad, which
has been prepared by the parties III,
reclly Interested, a copy OF the bill
viii also hG introduced In The senate,
'lhemcnmble rccll,s that the Texas
nnd Pacific railroad company has been
heretofore authorized 10 construct, fur.
niHh, nnlnlulli aud enjoy a continuous
railroad aud telegraph line, with the
ppuIlcnnnces, from u point at on. near
Marshall, In the state Of Texas, to the
ships Channel, In the bay of sun
Diego, along or near the thlrty-HecDnd
parallel of latitude, and that the Al
lantlc and Pacific railroad has been
authorized 10 construct, furnish, main
tain and enjoy continuous railroad
and telegraph line, with tho appurten-
nnccs, from the town Of Springfield,
Ia the state of Missouri, along
or near the thirty-hlth parallel
by the most practicable route 10 the
Pacific ocean, aud further reGte the
condition OF these roads NJ the present
time, showing that the Texas and Pa-
cilc company has 325 miles OF road
completed, and the Atlantic and Pacific
company has 3BS miles Of road In ops
Grafton, and that the government has
reserved the alternate sections Of public
lands on each side of both lines of road,
IN accordance with their congressional
land grants through TO the Pacific
coast.
The preamble also asserts that the
interests of the country will he pro-
noted by n connection Of these roads
50 AS to secure the completion of a
southern line TO the Pacific and restore
to the governmentabout thirty millions
of acres of land heretofore granted to
the said companies.
The bill therefore proposes 10 author
lie the Atlantic and Pacific railroad
company to extend It's road southwest
wardly to u point of Junction with the
Texas and Pacific railroad not further
west than the lOlth meridian, and the
two companies shall together enjoy all
the beneiitspcquired 10y their original
charters, except That the land grant
shall not be duplicated.
Both lines, from the Junction east,
shall be put on an exact equality AS to
all consigned business over the main
trunk line. The Texas and Pacific
company is also authorized TO acquire,
by purchase, consolidation and other
wise, the property and franchise of any
other corporation now authorized TO
construct railway over any part of
the route from the Colorado river to
San Francisco.
ure of franchise, that the Texas and
Pacific shall be put in operation from
its eastern terminus to the point of
junction within three years, and the
Atlantic and Pacific to the point of
junction within six years from the
passage of this act, and that the main
trunk line shall be put in operation
through to the Pacific coast within six
years from the enactment of this bill.
The bill further provides that the
government shall guarantee the pay
ment of the interest on yearly five per
cent bonds to be issued by the respect
i've companies to the amount of Si0,-
600 per mile of road constructed and
acquired and equipped by each as
aforesaid, but the amount of SIS 900 per
mile of these bonds shall be retained
In the United States treasury. to be
sold If necessary to make up the
amounts to be depOsited as hereinafter