The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1874-05-23
The Railroad Bond Question.
WEATHERroRp, May II.


To the Editor of the Dallas Herald:
The Age, in reply to my last in refer
ence to the International bond ques-
tion, puts itself right upon the record.
/ knew the editor was circumambu-
lating the question, and wrote only 10
bring him back to the sticking point.
/ confess, however, to somelittlea alarm
about the Age, which was caused by
the compliments of the San Antonio
Herald; but see it now, the Age was
only playing "hide and srvh' with the
Herald, to get a compliment. That Is
all right, Brother Cook; we have the
utmost confidence in your democracy,
which has been tried in the crucible
and came out pure, weighed in the bal
ances and never yet found wanting.
What about our state finances! Much
is said about state credit, state dent,
good faith, etc. Has that famous nun
dred days expired? Has Colonel Moody
slipped from Wallstreet with the two
million dollars in greenbacks? We
common people out here on the from
tier have grown impatient with this
farce, and believe there is substantial
remedy for the evil. But don cut
short, reader, underthe impressiontha
we are going to talk about Indians anu
frontier protection, because that IS
about as big humbug as the famous
hundred days bulletin; in fact, about
as many ON this frontier lose their
lives by lightning as by Indians. But
to the remedy: Had the fourteenth
legislature respected the will of the
people, and instead of remaining in
Austin four months, at an expense to
the state of S250,00O, had, in the early
part of January called Il cOnstitu-
tional convention by March, 1879, all
would have been right. Our present
constitution requires that the principal
of the school fund should be invested
i'm United States bonds and no other
securities. Common sense and reason
would dictate the bonds of the state as
n safe investment. Texas is a reality
has corpus, substance. The United
States government is huge imagina-
ton, a fiction of the mind; exists upon
the bounty and at the will 0fthe states.
For the purpose of this article we will
take it for granted that the convention
has been called, the necessary changes
i'm the constitution made, what next?
Pass n plain law (without machinery
putting the school lands upon the mar
ket, say for one half cash, the other OH
time with interest, giving settlers
twenty days in which to made pur-.
chase, after which sell in lots of
one hundred and sixty acres to any
one that may wish topurchase. By the
time designated there would be IN
the treasury on account of the school
fund, at least $1,000, 600 in money; in
vest this in state bonds, running for
thirty years, interest at ten per cent,
payable annually; this will raise the
money, pay the debt, secure the school
fund, reduce taxation, and make the
people happy; besides it will cut short
the tlirtations of Wall street with our
governors. TO rely upon anything eX-
cept our own resources, in the language
of the preacher, "is vanity, vanity and
vexation OF spirit" IL these crude
ideas are good, then expatiate upon
and beautify them; if they are dross
let 'em rip.
On yesterday we had a fine rain
throughout Parker county, which
secures to us an abundant wheat crop.