Wilmington journal., 1875-12-31

bond. but not finding any oD4G aroup;i
| but ii small boy, concluded not to nt'-
gOtlate and walked off Meanwil ililc II
| was whispered ab05lt that the great
banking firm ysis weak, aud few dea-
perate neyepaper men opposite cn I
strees>~Fitbdre" their deposits or
raIefer called in their loans. This
lnrought on a crisis, but I believe If
has been ;emrorarily bridgcd over by
pare 1ta assistance. But the great
bank is nevertheless believed to be OH
its last legs. Ii is asserted that the
senior member of the firm. unable to
Withstand it's prosperity, has fallen
into dissolute habits, while the Lieu.
tenant Colonel, relying upon parental
wealth and army pay, has never paid
the slightest attention to business. Il
is, however, definitely settled that
Fred Grant will not be permitted by
his father to resign his commission III
the army, which looks as if the great
banking house was soon to close. As
matter of fact it may be stated that
the firm has never done business
enough to pay young Sherman's whis-
key bill, and the sooner the end comes,
therefore the better for their respect
i've papa o purse 81. The ''bank" has a.
ways been laughing stock anyhow
AMI 1t had better close its doors,
TEXAS PACIFIC MATTER.
The passage of the Holman resolu-
ton has had the effect of quicting spec
ulatiOn with reference to the Texas
Pacific road Siuce then the belief
has been that Col. Scott would not
even Call it up. The composition of tho
Pacific Railway Committee however.
has somewhat dispeiled that idea for
eight out of the eleven members are
friends of the measure. The chiet
opposition to the Texas Pacific road
aud it's subsidy will come from Cali
fornIa, and will be prompted by the
Central Pacific Railway Company.
whose agents are nov here Watching
things. The Central folks say they
will not oppose the Texas Pacific. pro-
vlded Californ ans shall bc allowed to
cohiIoi The California end. This is
SIMPLY ridiculous for who would bu Id
road through wilderness only TO
loose control, it as soon as it en-
tered a territory where it might be ex
pecttd to pay. Failing to get Col.
Scott to -gree to this the G., ntral Pa
c,tic wants the Goverum+ Mt to turn over
tue land franchise already given to
Scott, to them and they wIl build the
road eastward at the rate of five miles
aday. wl'hout further Of any kind
from the govern ment. In other words
they ale willing to provide the people
With two gigantic Monopollcs instead
of one.
OF what use would be that second
road If 1t were owned and controlled
10y The same people who now own the
road. from whose exactions We are .ry-
lngto -scape. The principal argument
with the couhtry at large in favor Of
constl uctirg the Texas Pacific is, to
cut another highway to the Pacific
ocean aud III measure break I'D sLt
central aud Unlon moropol es. If
Scott is beaten and Gov Stanford
Huntington a0d other Central Pacific
ma laRtrs "ust him from his +, anrhIse.
there is an end to opposition aud have
TO the p ople along it's line, of neces-
slty, f"r T. road. Luttrell aud Wig
ginton, Ut California, members of tic
H"u-e are the ag, uts of the Central
Pacific III this business, ard L will
watch their movements cIo.eIy Lnt-
treit viii Introduce bill very soon to
his purpose It simply
turns over the Scott land Grant which
1t assumes to be forfeited to the South
ern Pacific Railroad Company, which
is only another name for the Central.
They then prom Sc to build the rond
eastward and have it finished to the
Ccloraio river by September, 1876.
There is danger iu the move and it
will behoove Col. Scott to watch it
carefully.
The other plans for Southern inter.
nal improvements are maturing, but
nave not yet come to head. The
t mper of the House is Certainly
against any granting of subsidies, but
the members may not feel like with
holding an appropriation should it's
necessity be made manifest FOX .ha
Improvement of rivers, harbors, etc.
But nous VerrOns.