The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-02-13
yAx.uAcluE TAr RAILWAY,

A correspondent Of tho Galveston
News, writing fiom WaXahachle ul'
der date Of February Oh, gives the fol-
Lowing information In regard to the
above railways
The legislature has passed M act
which WIS approved January 2s'd,
granting sixteen sections OF lard per
mile In aid Of tho work, aud NulhorlH'
ing tho town Of Waxnhpeliic to give
lIs aid also IN spec0el manner
The CurpomtOrs have organized u
company, and elected u board of dlreo'
tors ronIpused 0l the most substantial,
cntcrprlsing aud efficient men of The
town and contiguous country. At their
bend IL placed w president OF the cont
pnny Henry w. Grahtr ono OF the
iNdIng merchants of The place an IN
tclligeni, active, go-nhCnl man, just
suited 10 the position. lie has the con
lldcucr 0f this community, and will
command confidence wherever he Is
known.
The net authorizes the Issuance of
bonds 10 tho aggregate amount 81 Sib,-
900, bearing eight per cent annual IN
torcst, running twenty years To maiu'
rlty and authorizes The lpVylug Of n
special tax upOn tho real estate of the
town (GwO-lhlrds Of the real estate
owners nssonling by vote Ia Suld tANh
TO llquidnle the bonds with Nccnling
interest The vote IL 10 Inc taken III IA
early day and IL IA not douhtod that
nine.tcnths of The voters viii approve
Of the tax,
These bonds, II will 6e observed, are
based on real estate ofa present actual
vnluo five or six times greater than
their present aggregate amount, aud
their payment, with eight per cent in
teresI, secured absolutely 10y u special
annual tuX. Besides, the intrinsic
value Of ihr real estate will increase
one hundred per centHt least just Ms
soon ms IL becomes known that the
funds assured for the building of the
road aud IN n few years after its COM
pletion quadrupled or more. The
bonds OF scarcely any corporation,
however lnrgc ana rriiuu,c, III the
whole country, offer opportunities for
ia this connection, will remark that
II is stated, on the best authority, that
n large amount of the bonds will be
taken nj par, by the men OF capital in
the town and vicinity This fact can
not fail to inspire confidence in other
localities, aud especially in those that
have an interest in the completion Of
the road, in the advantages of invest.
NESTS in these bonds,
Yesterday there was u meeting Of the
citizens of the townand county, drawn
together mainly for Information ~ to
the progress OF the enterprise. Adj
dresses were made, setting forth the
prospective advantages Of the road to
country, but these We're only express
sions of the already fixed convictions
of all present, But there were n few
facts elected in respect to theenh0nce-
ment Of value Of lands contiguous to
railroads, that might not be out of
place here For instance: In Collin
county, from an average value of So 50
per acre, in 1865, to So l3 in 1873; in
Dallas, from " 80 to 81 90; in Ellis,
though the Central passes through
only the eastern border, from ~ o. to
81 IS, and SO of many others, while in
Hunt Guadalupe, and other counties
possessing the highest natural advan-
tages, hut not that ready lranspnrta-
ton for their products by railroad,
there had been no increase in the
value of their lands.
tr0m the industry, energy ami prac.
teal business talent of those in whose
hands the management of the enter.
prise has been placed, together with
the urgent demand for the road for the
| Improvement of the town and the de-
velopment of the surrounding country,
surpassed in agricultural resources by
no other in Texas, IT is confidently be-
lieved it will lie carried directly for
ward 10 early contamination.