The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-08-22
THE TEXAS AVID PACIFIC RAIL
WAY,

In consequence OF financial strngency
work on this great trans-continental highwa,
has been suspended and without some relic
from the United States Government, whicl
las been SO literally extended to Northern
Pacific railways, this great national enterprise
must be abandoned, for the magnitude Of tht
work is beyond the means of private corpora
tons, unaided by the Government.
| Justice to the South, as well as due cart
for the interests Of our inter-oceanic com
merce, now in its infancy and in which the
great cities of the East are particularly inter
ested, imperatively demand the early compile
ton of the Texas and Pacific Railway.
First Because it furnishes the shortest
railway line, by more than 300 miles, between
New York and the Pacific Ocean.
Second NJ Because its completion would
bring the ports cf the Atlantic and Pacific
oceans within so hours of each other against
$50 hours, which it now requires.
Third-Because the present route, during
The winter months, is dangerous and uncer-
tain, whereas the Texas and Pacific Railway
could never be obstructed by snow
Fourth-Be ause the consc Ida ion of the
two companies, viz the Texas and Pacific
md the Atlantic and Pacific, and the construc-
ton of a Joint line on the parallel of 30 de
grees would reduce the land grant by the
United States, to the latter company, by over
thirty millions Of acres, while they would not
increase the land subsidy Of the former com
pan by single acre.
Fifth-Because the Texas and Pacific Rail
road Company do not ask of Congress Il
dollar in money OF an additional acre of land,
but simply guarantee of the interest on their
five per cent bonds, to secure which the COM
pany proposes to place the entire property OF
the company, road bed, rolling stock, lands
towns and depots, ETC., in the hands of the
Government, SO that should the company, at
any time make default Of the interest on its
bonds, which the Government would have to
assume, the latter could at once foreclose and
take possession Of the entire property of the
the Government would have the right to re-
tain the amount due for postal and military
which would of itself, for
many years to come, exceed the annual liabil- !
ty of the Government on its guarantee.
The company have ample security now, ex-
,lusive of transportation dues, to indemnify |
he Government i'll case of interest default. Ii |
las $40 miles Of tirst-class road il actual ope-
alton besides 10 miles which have been
GRADED tied and bridged. 1t has a land grant |
rom the State Of Texas, already secured and |
ocated Of over 1900, 900 Of acres of magni g.
ent agricultural lands besides grant of over
1000, 900 additional yet to be located, while |
he land grant from the United States will
mount to over 1000, 900 acres
When these facts and figures are taken into
consideration, we think it the duty of the
outhern people to see trat their repre- senta-
ives in Congress are instructed to urge the
assage of tie proposed measure.
The Atlantic and Pacific, it is designed,
i'll be constructed from Vinita, Indian Ter
tory, i'll souihwestward direction, so as to
,rm a junction with the Texas and Pacific, at
near the one hundredth meridian.
The country thus passed through is unsur-
assed for fertility, and has vast mineral
ealth especially in copper and coal
The company hope to finish the line from
alias to Fort Worth, thirty miles, within the
ext nine months; also, to fill the gap be-
veen Brooston and Texarkana, ninety eight I
lies, on the Trans Continental branch.