The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-10-29
DALLAsa TEXAS.f
FRIDAY MORNING F; 4. :::: OCT 20


hVAD-mbs hvNDc VISIT ~ HD'
sTfNskM skER gt
The company has failed to build the
twenty miles OF road on the Trans
Continental line required by the last
act of extention to be built by N0vem-
Der l., 1876, and will thereby forfeit
their large land subsidy, The Legis-
lature will not assemble again until the
subsidy Is forfeited, and 1t Is highly
probable that provision will be In
serted In the Constitution prohibiting
any more land grants to railroads, cut
ting the company of from any chance
of renewal OF the grant. Mr., Bond
will doubtless endeavOr to avoid this
calamity to his company by an ordi-
nance OF the Convention extending
the time for completion Of that por-
ton of the road now required TO be
built within a short time. Either this
Is his object, or he ID working to have
the railroad policy OF the State left as
IL now IL, so that the Legislature may
revive the grant at its next session.
The Register has always been friendly
to, the Texas and Pacific company, but
adue regard for the rights Of the peo-
pie of this section of the State con-
strains us to oppose any further extern
sion of time.
I'VE clipped the above paragraph
from the Sherman Register several
days ago, and Intended noticing 1t at
an earlier date, but have been pre-
vented, from day TO day by other more
pressing matters. Injustice 10 done
both to Major Bond and the company
he represents by the statements con-
tanned in the Registers article. We
are assured that Major Bonds visit to
Austin had nothing whatever TO do
with either one or the other assump-
tions of the editor Of thai paper.
The Texas and Pacific Railway COM
pany, has been making every effort
possible to raise the funds required to
complete the road to Fort Worth, and
from Brookston to Texarkana within
the period prescribed by the act cx-
tending the time for doing the work.
The money markets every where have
been thoroughly tried, and the very
best securities offered, and moth
ing left undone which energey, tact
and perseverance could suggest
to accomplish the object, but
thus far without success. And these
efforts have not. been made for the sole
purpose Of preventing q forfeiture of
the ninnlflcent subsidy extended to the
company BY the liberalityofthe State
ofTexas, although,o Of certainty, the
company has much desired not to for.
felt It, But they have been chiefly
stimulated to, exertion to raise these
funds fromlthe manifest Interest of the
company to finish the links referred to,
In order to Increase the business of
their road, swell their monthly earn
ings, and open out still larger fields in
Texas'for their Operations. The work
they have done In Texas, considering
itmerely as a local enterprise, is In
complete. The lines they have con-
pleted reraertainly doing heavy II
not an entirely satisfactory business.
But their system Of roads for Northern
Texas - not finished until at ieast the
connection Is formed between Texar-
kama and ,Brookston, whilst We do
Know that tits the earnest Wish OF the
company to push their line into West
ern Texas from thiscitys r
yItis vastlyytoe the Interest of the
company 20 do these things, and We
feel assured that The same efforts
would have been put forth to
bring them about, y having comple-
ted as much as they have, with
out regard to the subsidy. We are
speaking now of the enterprise regard-
ed o. q local one, only intended to PEN,
citrate and permeate Northern Texas.
1t lisa glorious thing for all this great
section ofourState, that the Company,
was able 70 accomplish as much as
they dldibcfore'the advent OF the great
panic. alnAndiswe rejoice that their
lines have fallen IN such pleasant
places that In the condition
ton of their great undertaking, they
have been able to pay the operating
expenses of the enterprise, and that
unlike some other unfnished roads III
the State. which the nan IA cat,pht N