Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1877-12-14
TEXAS PACIFIC RAILROAD.
Text OF Bill introduced by Mr.. Stephens
The Route, Conditions, EtC.-PrOVlslSn
for GOVsFamsnt Aid for the haia Lac,
but None for the BranChes-Mr, Houses
Bill.

luT uvsUJuMiouA Hlu W. Nu0 Melh -tsei
but None for the Branches-Mr. Houses
Bill.
WARRINGTON, Dec. THE bill intro.
duced In the House by Sir. Stephens, Of
Georgia, ~amendAtOry Of aud supplem antal
to the Texas Pacific Railroad Acts, au.
thorlzes the construction OF the main line
OF the road from Fort Worth through Tex
as to the Rio Grande near FL Paso; thence
through New Mexico and Arizona, TO a
crossing Of the Colorado river at or near
Yuma, and thence by tue most practica.
be route, but not further north than War
ner's Pass over the sierra Nevadas 70
Ship Channel in the bay OF San Diego, on
the Pacific Coast. The corporation Is re.
CURED 10 construct and put In operation at
least 100 miles Of its road from It's present
terminus, Fort Worth. westwardly, and
at least 80 miles from San San Diego,
eastwardly, within two years alter its NC.
ceptance Of the provisions OF the Act, and
not less than 100 miles p annum, nr 200
miles every two years after, and complete
u continuous railroad between Fort Worth
and San Diego within six years from the
date Of said acceptance, provided that
nothing In this Act contained shall re.
lieYe the company from Obllg atoms to con.
strHct its line from Sherman to Fort
Worth.
The amount OF bonds allowed by the bill
Ia SIS, 900 per mile, and for i1i ult aud
mountainous sections, $4,000 per mile.
These bonds ave TO he divided into two
classes, to be known as tissue A. for
S20,O0D, and tissue B" for $50. 600 per IN lie,
all secured by irst mortgage on the roads,
and on all the 5000, 010 acres Of land rant
ed by the United states and acquired from
the state OF Texas-tbe aggregate Of bonds
issued not tO exceed S3S, I5l.0U0
The bonds are to be payable, principal
and interest. 10 gold. and ~ run fifty years
from date. TO provide for payment VI 10.
terest and to create a sinking fund,
there shall be paid. into the Treasury the
entire net proceeds OF sales Of lands
granted TO aid In the construction Of the
road, and that all vouchers for services
rendered the Government for t%ranspOrta-
ton OF troops, supplies, and other Govern
ment transportation, including mails ana
telegraphs, shall be turned over T. the
Treasury. Third, that a sufficient sum
from the earnings OF tho road TO make up
any deficiency from the above sources,
shall be paid into the Treasury 10 make a
sum sufficient TO pay interest and one per
cent of sinking fund. AS n further secu-
Tity for this purpose the Secretary OF the
Treasury Is required to retain thu bonds
; rcI,iei ~ .. issue A. to dispose Of them
rs tar a. mar be needed tn supply any de-
iicicucps lrU n the above named sources.
Combination with any now existing
t~rauscontinental line IL prohibited by the
terms OF the bill. Authority Is given for
the extension OF the road eastward from
Fort Worth to the Mississippi river BY
one or more branch lines, under laws Of tht
states through which they may pass, bul
no Government aid is provided for these
or any other branches. The eastern term
mi Of the branches are to DO determined
by three United states Commissioners and
two civilian Engineers not connected Will
railroads.
Mr.. Houses bill Is similar TO that OF Mr.
Stephens's as relates to the main stem
but proposes aid In the construction OF the
st. Louis, New Orleans, and Vicksburl
and Memphis branches, the amount being
loft blnuk in tho hill.