The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-12-08
DALLAS, TEX AS.
WEDNESDAY MORNING $685.: DEC.
sUnsIDIEs.

Iuttb tnc nubSiuJ ihi' i"''yt ""N "'"''N
an end Of II, before proceeding 70 nom
inutionY We agree with INC Epeni'g
PbSthatthe decision 0fthe Supreme
Court In the Union Pacific Railroad
case IL u timely warning against these
subsidies That decision has laid upon
tho country an enormous burden
which IL must continue to bear for
many years, and at the same time II
has inilnmed the cupidlty and raised
the hopes Of large number OF subsidy
schemers who are meditating attacks
Of their own. The Southern Pacific
combination under Col. Thomas A.
Scott 10 the most Formidable and'rapa-
cious or these. 1t has an enormous
sum of money ut stake II has effected
powerful political alliances and we
have 10 doubt It feels prepared
TO buy uraa Congressman enough
10 carry whatever legislation II de-
mands. 10 il already b0asted-7we
hope without warrant that the pros
pective Speaker Is "Iom Scotps man,
and there are not wanting those who
believe that the House of Representa-
tlves IL already fixed. AT any rate,
Colonel Scott who used to control the
Pennsylvania Legislature so absolutely
that, as Wendell Phillips says, mem
bers would rise, toward the close Of
the session, and moved that Gas Tom
Scott has no further business for us,
this Legislature do now adjourn"-has
transferred his labors to Washington,
has opened his elegant apartments, is
busy seeing members, and IL ready
for the transaction Of business. He
makes no sort Of secret of his purpose
to get from Congress guarantee OF In
terest to the. amount of about S23l,-
000,O00. 1t does not seem needful TO
cay one wordas to the merits Of Col.
onel Scotts scheme. Congress pro-
nounced on that point last year,
and its utterance was far less EN-
phatic than that of the people.
The press fairly represents the
general Judgment. In this city
it is practically unanimous. We
know of no paper here which dissents
from the view thus stated by The
Jo,u2sttt Of Commerce; !" On grounds OF
policy and expedlency alOne-irres-
pective of the disagreeable experiences
which the Government has had with
the other subsidized Pacific roads tho
Texas and Pacific route does not merit
national aid. The only safe way to
avoid such difficulties as the Supreme
Court has settled at the expense of the
people Is to grant no more subsidies
whatever. Ii Congress will put its feet
fatty down just there We will bear
with oil possible equanimity the cost
ly burdens Of the past.
The above extract from the New
York Tribune indicates the power that
Gould and Huntington are exerting
against the interests of the South and
of the Texas Pacific Road. The Tribune
~ manifestly controlled by the Union
Pacific aud its almost boundless capt.
vi and will move heaven ana earth for
defeat Of the proposed Congressional
aid. *
He (Scott) makes no secret of his
purpose to get from Congress o guaran-
tee of interest to the lamoLnt OF about
1924 100000" howls the Tribune.
What are facts about this proposed
aid from the Federal Government?
The Company propose to issue con-
struction bonds along its line to the
extent of $4,000 in the prairies
and $4,000 in the noun
tains. The bonds are to run fifty
years aud bear five per cent. interest.
That 70 to say an interest of about
$1,000 per mile per annum. The pay
ment OF this interest mot an iota of the
principally the Government is simply
asked to guarantee land as security
for this guarantee the road pledges to
the Government
LIST. A reserve Of one-eighth of its
bonds so issued.
I'd. All the net income of the road.
Sd. All the proceeds of the sales of
Its lands.
4th. All sums of money due 1t from
the Government for transportation of
troops and their supplies.
9th. All sums due it from the Gov.
eminent for the transportation OF lis
mails.
9th. All sums due IL from the Gov
eminent for the use of its telegraph
lines.
In the name Of common sense what
better, more adequate security can be
asked?
These desperate spectators OF Wall
street clutch at the throat of this
great Southern highway, and seek to
subordinate ito the Union Pacific and
to the gambling of Its managers. They
are not content with having organized
q fraud, prosecuted a robbery and com.
pleted their work of shame In the
construction ofan imperial monopoly |
across the continent but they demand
that the dearest interests of the South |
to be sacrificed TO their insatiate greed,
and they vigorously oppose with sub
sidized presses the building Of any
'competing line.a Il CJ1C7
The Southern Pacific must be built,
and Its final completion is as inevita.
BILE as fate. In the language OF the
philadelphia Times, II Is the one great
apostle ofpeace TO our Western wiIds
1t takes in It's train oil the multiplied
blessings Of our civilization.
Itrears Che home, the schools, the
churches. the monuments of wealth as
u by magic where the stealtby tread OF
the barbarian made desolatjon before