The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1877-03-22
THE CENTRAL RECElvERsAlp.

he sui OF lne Now oIh uoHuholN
ders to force the receiyership upon the
Central railroad, was, on Monday put
oil for thirty days, as our Austin special
of yesterday stated, 1t is quite APP
parent. that this extensive grant Of
time means, as our correspondent said,
defeat, or at leas. it indicates that the
fox-like cunning of General Dodge, was
not equal to the task he undertook.
lie came here singing psalms and with
his pockets full Of ready-made Sunday
school speeches, with his cunning at.
torney, and doubtless had his earthly
business in n good shape, as his religious
enterprise Enthusiastically was The New
York people interested in the road,
claim that the Texas people put into
the enterprise 100000 all told, while
they have in it $l2. 100000 OF bonded
interest and 81 100000, which is un'
bonded. They also charge that the
Texas people got back their original in
vcstment Of 100000, by selling to Com
modore Morgan new stock at par but
the books at Houston do not check oil
with this assertion. The sanity Dodge
is now aware that his raid on the Texas
interests Of this great road, is a stupen'
dous failure, as il should be, hence his
application for continuance, and it be.
hooyes his saintship to make some
showing to relieve the rather awkward
position he finds himself in, We may
look for all kinds Of evasious and distor.
tons from that source, but still the
Houston people are serene, and call for
examination and investigation.
1t is rather humiliating, indeed that
this elegant scheme has fallen through,
and not all the special pleading and
newspaper ignorance in Texas can alter
the stern fact, that in putting oil the
trial for thirty days, Mr.. Dodge has
been beautifully and ctIectually check.
mated Mr., Morgan may, or he may
not now have in his possession con
trolling amount of stock. People like
Mr.. Morgan do not herald such bust,
ness as this to theworld, but their silent
approaches are nearly always complete
ly successful, and while we might not
better the condition by changing the
master, yet no intelligent man in Texa.
but would feel that good thing had
been accomplished, when Morgan hao
outwitted Dodge.
Commodore Morgan has been closely
identified with the State ever since tn,
days OF the Texas Republic and Will,
he has made much money out Of it un
qucstionably, yet it is also true that h,
has done much for it, and ono has
right to expect better local leeliny
and interest from him than Dodge, wht
has only been known and felt here il
connection with this one solitary line
and that only or principally since thu
war. 1t is difficult to disconnect hin
from many other evils which that un
pleasant epoch cntaled upon the South
but more particularly Texas
Tho appointment of n receiver ma,
prevent waste as Mr. Dodge claims i
will, but wo cannot see Wherein til,
Central has been either wasteiul or cN
trovagant, Every dollar the road ha
earned, and every acre of land sold, ha
been used to push its great branches GU
toward the border, and now instead O
having single line as security, the il
vestors have three, and each branch Il
well rs the main line, is a paying invest
ment already, and with each pNssin
day, us the country settles up am
develops, become more and moro profit
able, We cannot for the life of us SC,
why, under circumstances like thes,
the New York investors should so sud
denly become so excessively neryou.
No, indeed we are forced by reaso
and reflection back to the origino
conclusion, that the raid of Mr.. Dodg,
was shrewd, well-digested and Gun
ming effort, to "gobble up" "cary off
and pocket tho Texas management c
. the Houston and Texas Central railway
) and as such, We are heartily glad tina
the little game has miscarricd.