The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1877-12-29

IorTllolleh Gun pTouuce enuubn lo hupN
ply large population,
V, II would settle tho Indian quep.
ton ON that border for railroads. with
their civilizing power, are more efficient
than armies to subduo or disperae sayO'
ges
VI, 1t would settle the border trou~
bles on the Rio Grande, by substituting
peaceful trade for perpetual strife,
VII, 1t would open a very large and
lucrative trade with old Mexico--a
trade that is being diverted to other
and foreign channels,
VIII, 1t would delevope the agricul.
tural and mineral wealth Of north
western Texas and the Indian Territory,
regions that are capable of sustaining
several millions of people.
TX, 1t would relieve the labor famine
of the country by supplying profitable
employment and pleasant homes to
multitudes Of people. It's influence
would be felt not only upon the line OF
the road in its construction, but in the
ioundries, rolling mills and machine
shops throughout the country.
X, 1t would largely increase the rev.
enue of the government, by peopling
new states and opening new trade.
NI, 1t would build auother commer>
cial MARI on the Pacific coast, to ih-
crease trade in peace and give shelter
and strength i'll war.
XII, 1t would build u great highway
to the Pacific, open to traffic, and free
from distractions the year round and
equally free from any power to com.
bine, discriminate or levy extortonate
charges,
XIII. ltslow costs of construction and
regulated tariff would make it power
full competitor for transcontinental
traffic,
XIV. 1t would furnish the only
means of traffic and transportation be-
tween the lower Mississippi and the
Pacific coast. If the rates were ever so
cheap on the present line it could not
be used by the millions Of people living
below the thirtyseventh parallel.
XIV. 1t would revive industry and
vitalize the railway system of the south,
by pouring n tide of the world COM
merce through that country to her AT,
lantic ports
XVI 1t would relieve the financial
pressure by putting large amounts OF
idle capital into active circulation. The
country suffers, not SO much for the
lack of money, as from the fac. that
this money, by hundreds of millions, is
not in circulation.
XVII, 1t would increase the aggre>
gate wealth of the country by the de>
velopment of rich mines, and the ex-
tension of our trade relations with the
states of Mexico,
XVIII. 1t would save the country
not less than ten millions year in
transportation and border protection.
NlN. 1t would save the people eight
to ten millions Il year in transportation
between the Mississippi and the Pacific,
Xxx 1t would save the country from
the perpetual curse of great monopoly
which seeks now 10y government aid to
double its power, and increase its Dor.
ders by extending its railroad from
the Yuma to the Mississippi, thus de.
stroying all hope ofrelief by compel
ing line.
How can the road be built By a
government guarantee of FIVE per cent.
interest on the company's construction
bonds, the guarantee to be secured as
follows:
Firstly the proceeds of the sale of
their lands,
Secondly first lien on all their
property and franchise.
Thirdly the net earnings ofthe com.
pletet road
Fourth-By the transportation of
troops, mails, stores, etc.
Filthy deposit of five thousand
dollars per mile of bonds to be sold to
meet any default in paying interest.
The conditions of the charter are
that the company's bonds, amounting
to S3l, $50, 600, the highest sum believed
to be necessary to complete the road,
about twelve hundred miles from Fort
Worth to San Diego, shall be printed
under the supervision of the governs
ment and deposited in the United
States treasury. Whenever section
IF ten miles j. completed, and approved
BY government commission. bonds to
he amount of the actual cost Of cons
itruction, not exceeding the amount
'peciied in the charter, are to be de
ivsred to the company. While the
amount above named is all that the
government will guarantee interest
Upon, it is believed that even this sum
will be reduced one or two millions in
he work of construction. The annual !
interest on this sum would be 81 ,5s7 :
~. sum not half so great as is now |