Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1875-12-04

resident, and also all other citizens who
have been inducedGby the grants made
by the government to aid the building
of railroads to settle in the territories
which those roads were. intended to de-
velop. -ssHeas' 5u ;iSitls'-. --'l"
9. AS prudential andzproper act to
encourage the people OF the South who
may very justly, and with great force
urge that while S175, 100000 of public
moneys have been appropriated in the
Northern states and territories sincethe
organization of the government, there
have been but $19,O00,OO expended in
the Southern states and territories.
Because not only will the road, as a
means of national defense, strengthen
the military arm of government, and at
all times perfect the security of our
Pacific coast against attack by foreign
powers; reduce the expenses of its local
administration bind our country more
closely together; facilitate communica-
ton with the Pacific and with old Mexi-
co; develop new traffic and the agri-
cultural products and great mineral
wealth of Texas, New Mexico and
Arizona, but it will also, by the demand
for manufactures and productions of
every description, including iron, steel,
cotton, wool, timber and other material
needed in the construction of engines,
cars, bridges, machinery, buildings,
etc., for the use of the road, and by the
laborers employed in building and main
tanning the same, give employment to
the furnaces, mills and machine shops of
the country, and once more revive and
stimulate the depressed industries of all
sections. And, whereas, to secure; to
the government and the people these
several advantages, and in addition
thereto secure the return to the people
of thirty millions Of acres OF land here
totore granted to build the thirtieth par
allel line, and save the building of 800
miles Of road, it is, in the Judgment of
this convention, not only the right but
the duty Of the national government to
render such aid properly secured, re-
stricted and guarded, as will secure the
prompt completion of the line referred
to, and such extensions as will give to
all sections the advantages resulting
theretrOm now be it A.ss as f.t aa3Ir =
: Resolved l. That southern line to
the Pacific ocean should be built on or
near the thirty-second parallel from
Shreveport via Ell Paso to San Diego,
where it will make connections with the
waters OF the Pacific in safe and excel
lent harbor, and connect also with the
railway lines now building from San
Francisco to the southern part of Cali
tornia, thus securing continuous line
to that great city and port.
2. That there should also be construc-
ted extensions from the most eligible
points on the Texas and Pacific road to
New Orleans, Memphis and Vicksburg,
and trom point near the 1O3d meridian
to Vinita, in order to reach the Missis-
sippi river, and to connect with every
road and harbor or the Atlantic coast,
and with every railway east of the
Rocky mountain slope. Drs.1fss
3. That to insure to the nation the
greatest benefits from this line of road,
and TO prevent It's beng controlled in
the interest OF any one party or section
of country, there should be established
such regulations as will maintain the
road from Shreveport to the Pacific as
an open highway and as competing line
to all trans-continental railroads, to be
used on equal terms by all connecting
roads which are now or may hereafter
be built, similar regulations to be ap-
pied to the branches receiving similar
aid to the Texas and Pacific trunk line.
3. That it should be built at the low
EST possible cash cost in order that the
people shall be protected against undue
or oppressive charges, and shall be Sc
cured in its use at the lowest possible
ates required to protect the Compare
lively small capital actually erpeuded
'n its construction, a result which can
De greatly aided by its construction at
his time when material and labor can be
at prices much below those that
AVE prevailed for many years past
IND that congress shall at all times re-
erve the power to protect the people |
lgalnst speculation and oppression in the
lse of this national highway. it
.. That the building of the main line
hould proceed under such regulations |
S will insure the construction of the
DAD continuously from the point of its
resent completion in Texas to San
Diego, in California, or until it meets an
xtension of the same line from San
)iego.
D. That the construction of such line
nd branches can be best secured by the
xtenslon OF government aid to the line
nd branches heretofore mentioned in
hese resolutions, in the form of a guar
ntee OF interest, not principal, on a
mlted amount OF 3 per cent. construc-
on bonds, payable in 80 years, SO that
ne entire liability assumed shall not in
ny event exceed $1,000 per mile per
mum, nor the interest on the actual
ost of the line and said branches; such
ability to be secured by first mort
age upon all the railway, property and
'anchises Of the companies, and upon
he lands granted by the United States;
nd any deficiency in the earnings OF
he line and branches to meet the in
crest maturing on these bonds while the
'ad IS In course OF construction, to be
let by the deposit in the United States
'easury OF one-eighth of the whole
uthorlzed issue, and the sale OF the
ime, II 1T becomes necessary, after ap-
lying all net earnings and proceeds of
'nds and the sums due for government
mail and telegraph SER
zee, to meet the interest so maturing as
oresaid, so that there shall be no out
y by the government; these bonds to
: issued only to the actual amount of
lsh expended upon the road and branch :
;, and upon the certificate of sworn !,
appointed by the govern
ent to supervise the building of the =
he and branches, and their redemption
maturity to be assessed to purchasers 1
nd holders by providing a sinking =
nd out OF the revenues of the road and
'anches. to be paid by the companies Z
to the treasury of the United States, l.
such amount as may be sufficient to Il
y OIL and discharge the entire bonded Il
'llgatIons OF the companies on which
'vernment has guaranteed the interest. "
I. That the president of the conven- n
N be requested to prepare an address II
the people of the United States, en-
dying the views set forth in the pre-
able and resolutions adopted by this II
INVENTION, and that he be authorized V
appoint a committee Of thirteen, who G.
tn the president of this convention
all present an engrossed copy of the
oceedlngs OF this convention, together Il
tn the address, to the president of the b
hted States, the presiding officer of e,
senate, and the speaker of the house Al
representatives, and to take such II
:ther action as in their Judgment NAV W
deemed best, to further the objects ta
q purposes of this convention. "
3. That duly certified copies of this 81
Gamble and these resolutions be also Ic
'nished to the governors of states, F.
lyors OF cities, and to the commercial th
other bodies represented at this con-