The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-01-03
The Texas and Pacific Railway Agri'
cuiturnliy Considered.
Turf, Field and Farm

One of the most important subjects
10 be brought 10 the notice OF the men,
bers OF our present congress Is 10 he the
consideration 10y them OF the bill ~ to
the propriety OF granting government
aid to the Texas and Pacific railway.
Money IN not demanded. Instead OF
pecuniary Md the government IL mere
~ asked to guarantee, ON o i've per
cent gold Tearing bond, the regular
payment Of interest. Ample security
Is rendered 10y the corporation named.
This security Is to DO In the shape Of n
first mortgage on the equipment, de-
pots, shops aud all property appertain-
Ing thereto, M we'll rs the franchise or
the rond and its net earnings. In nd
dition to this the entire net proceeds OF
sales of lands granted by the United
States, and "A restoration TO the govern
ment of 30, 0OO,O 600 acres of land llereto'
fore granted TO aid IN the construction
of the two lines to the Pacific. ...~.,,..r.
r. What safer Investment for the good
of our people could be madeY No
credit mobilier speculation in this to
shock the heart of the body polite.
This ia no paper scheme, merely ele-
giant upon paper. Portions OF the road
have already been built. Three huns
bred aud sixteen miles, in accordance
with the provisions of the charter OF
the road, have been finished. This
portion of the road has been fully
equipped and in active operation.
Some one hundred and twenty miles
more are graded, bridged aud tied; this
merely aW ats the laying of the rails
to be in perfect running order. The
portions OF the road in active operation
have been accepted by the legislature
of the state of Texus and by the gov
erpment of the United States. The
character and stability of the work on
the portions accepted are by this very
acceptance vouched for.
Nothing but the check given by the
untimely panic of last fall prevented
the completion of this road. The
want Of confidence engendered by the
utter worthlessness OF many of the
railway securities thrown upon the
stock markets, influenced to marked
degree the sale of the more valuable
ones. Where so many proved goot
for nothing the good were COMPOUNDED
with the bad, and all went down to
gether. No discrimination was made
Like the French ut Waterloo, "sduct
qiH peut,p and each aud all holders o
stocks rushed to the stock boards tc
get rid of what they held. Fear il
blind. All sales of railroad bonds
came to an end. All negotiations
about to be coasummated abroad IN
the placing Of large amountsofbondsir
the hands of European capitalists wer,
suspended. Confidence in railroad
schemes in America were checked |
not broken. Hence such undoubtet
securities rs the bonds of the Texa
and Pacific railway could not be ne
gotiatetl In the moneyed centers Of tn,
old world. TIE funds not being forth
coming, labor upon the road wa
stopped, thousands of willing hand
became idle, and the work has no
| since heen resumed.N
BY tile government. guarantee tn,
bonds woulda at once command read,
sale, funds would be forthcoming, irol
would be purchased, thousands Of mel
anxiously looking for work wvuldfin
II, and in but few short months tn
| completion of another iron road to tn
Pacific would be announced, thus send
ing joy to the hearts of all whOta al
interest In the Advancement of tn
prosperity of our common country
We trust that our representative Il
congress will examine this suhjectsole
ly with an eye to the public good. LIE
no personal or sectional feelings be al
lowed to enter in the consideration Q
the bill. Let no partisan bias or polit
ical chicanery govern them, but look
ing to the interests Of our whole pee
pie, north, west, south and east IL
them decide intelligently and wit
thought only of the generalwelfare.
Before discussing the question NOR
In detail, we would mention that,w
cannot understand the sppineness an
want of energy manifested by our ae
ricutural press in discussing subject
OF great interest to our farming popu
lation. Having undeiiably large cir
culations their columns are filled, wee
aft week, with purely local matter
The discussion of experimental meth
DDS of growing larger crops, the De
scription of this or that niammotl
beet or turnip, Is all very wen In II
way, but 1t is dull routine reading afte
all, and reading we soon tire Of N
capacity Is shown by the grasping 3
subjects Of great national importanc
I I