Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-07-04
THE TEXAS PACIFIC RAIL.
ROAD.
What the Great Railroad King has TO
Say AbOut it, 9letiOh-
An Interview,

Mr.. Joseph D. Lynch, late editor OF
! the San Diego EoTl writes from Pitts
burg June 18th, an account of his inter-
| view with the great railroad man, Col
] onel Tom Scott. L.r. Lynch saw Col
/ Onel Scott in San Diego two years ago,
| and says that the colonel has aged great
! ly since, looking fully ten years older.
1 Not all the eclat OF his recent 'unani-
nous election to the presidency of the
/ Pennsylvania Central railway, has been
! able to do away with the disastrous eff
4 fects OF the late panic UPON him. Col
/ onel Scott ehatteG very unreservedIy
| about the panic and as to his plans ia
/ regard to the Texas Pacific railroad, and
is reported as follows:
espcndent-Colonel I understand
/ that the panic has been very hard on
! you personally
Colonel Scott am the loser, person.
ally, to the extent of three million dol
lars by the panic.
Correspondent-It takes a pretty
strong man, financially, Colonel, to sup
! port loss like that. Did you intend to
negotiate q loan for the Texas Pa
eifie during your European visit, or was
your mission merely TO arrange for loan
TO the Pennsylvania company to double
track their road?
Scott-I had arranged everything for
m Dney to build tie Texas Pacific
railway. If the panic had been delayed
fur days, / should have had all the
money | needed to complete that great
work. My young men managed things
very badly during nv absence.
Correspondence congressional aid
sine qgG non to the building of the Tex
as Pacific railway, Colonel?
ScOtt-We can't build the road with
out congressional aid. think we shall
get it next December. We thought it
more prudent TO await the upshot of the
pending elections before pressing the
matter.
Correspondence presume, Colonel,
that the Atlantic and Pacific, and Texas
Pacific railways are now substantially
the same thing?
Scott-They are. We shall relinquish
the Atlantic and Pacific land grant
from the point Of junction.
C0rrespondent-V}here is that point
likely to be, Colonel? Santa Fe or
Albuquerque is generally thought to he
the most likely.
Scott-The junction will be made at
point east of Double Mountain, in the
State of Texas.
Correspondent-Wh will be the route
from that point, Colonel? 1t has gen.
orally been supposed that compromise
line, running through central Arizona,
will be adopted.
ScOtt-That is a mistake. From
Double Mountain the road will run along
the thirty-second parallel TO San Diego.
Correspondent.-Ehs general impress
sion in California is, Colonel, that your
,Ia 10
San Francisco and not san Diego will
be the real terminus of the road.
ScOtt-That is nonsers Sc. San Diego
will continue to be the real terminus of
the road, and every title of my agree
ment with the citizens Of that place will
be carried out if ! have anything to do
with the road.
C0crespondent.-EOw are the already
completed portions Of the road paying,
Colonel?
ScOtt-Coin, sir, coin. We have three
hundred and sixteen miles of the road
completed in Texas, and it is paying
handsomely; so much so that l expect
to make contract in New York in a
few days, by which I will obtain the
iron needed to continue ironing the
road over Trinity river to Fort Worth,
by pledging the surplus revenue of the
completed section of road.
A GIGANTIC MOVEMENT NEXT FALL.
There is no doubt but that next fall
there viii be a movement in force on
congress in the interest Of development.
The friends of the Texas Pacific, the
Northern, and Atlantic and Pacific
railways, will be cordially united in an
onslaught on congress. AS Colonel
Scott said to me, all that is asked is the
guarantee by congless of the interest on
the bonds, and not the bonds them
selves. Nothing would so assist the
country in recovering from the panic
as such legislation. Should the rail-
road men be successful, the Texas and
California construction company would
be entirely rehabilitated, and Scott
would recover the enormous sums he
has disbUrsed.