The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-08-27
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IN, o. Bulletln.l

IN consequence of financial s,rin-
goncy, work on this great trans.conti-
mental highway has been suspended,
aud without some relief from the
United States government, which has
been 80 literally extended to northern
Pacific railways, this great national
enterprise must be abandoned, for the
magnitude Of the work Is beyond the
means Of private corporations uualded
by the government.
Justice 10 the south, rs well as due
care for the interests of our inter-
oceanic commerce., now In its infancy,
and in which the great cities of the
east are particularly interested, imper-
atlvely demand the early completion
of the Tevas and Pacific railway,
f'irst--Because IL furnishes the short
est railway line, 10y more than three
hundred miles, between New York and
the Pacific ocean.
Second Because its completion
would bring the Atlantic and Pacific
oceans within eighty hours of each
other against one hundred and eighty
hours, which IL now requires.
Thifd-BeCause the present route,
and uncertain, whereas the Texas and
Pacific railway could never be OBJ
structed by snow.
EOurth-Because the 90 oscillation
Of the two companies, viz: the Texas
and Pacific, and the Atlantic and Pa
fic, and the construction of joint
line on the parallel Of 30 degrees
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 sub
sidy Of the former company by sim
gle acre.
Fifth Because the Texas and Pacific
railroad company do not ask of con
gress Il dOllarin money or an additional
acre in land, but simply II guarantee
of the interest on their five per cent
bonds, to secure which the company
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 interests on Its bonds
which the government would have to
assume, the latter could at once fore
close and take possession of the entire
property of the company.
SiXth-Because in addition to this
security the government would have
the right to retain the amount due for
postal and military transportation,
which would, of itself, for many years
to come, exceed the annual liability of
the government on its guarantee.
The company have ample security
now, exclusive of transportation dues,
to indemnify the government, in case of
interest default. 1t has 800 miles of
first-class road in actual operation be-
sides 10 miles which have been grad
ed, tied and bridged. 1t has a land
grant from the state of Texas, already |
secured and located, of over 100000 |
of acres of magnificent agricultural
lands besides grant of over l0,000,000
additional yet to be located, while the |
land grant from the United States will
amount to over 1000, 600 acres.
When these facts and figures are |
taken into consideration, we think 1t |
the duty of the southern people to see
that their representatives in congress
are instructed to urge the passage OF
the proposed measure.
The Atlantic and Pacific, tits design
ed, will be constructed from Vinita,
Indian territory, in u southwestward
direction, so as TO form junction with |
the Texas and Pacific at or near the |
one hundreth meridian.
The country thus passed through is
unsurpassed for fertility, and has vast
mineral wealth, especially in copper
and coal.
The company hope to finish the line
from Dallas to Fort Worth, thirty |
miles, within the next nine months;
also, to fill the gap between Brookston
and TeXarkana, ninety eight miles, on
the Trans-continental branch.