The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1877-08-11


isg sisiitseinps.ls via 9obtis !. NIL,
aud that Henderson IL 10 get rebate
from them. Calder rests easy, there
being enough Of the road laid TO sat
lssy his claim, and tho city tones held
~ him havisg passed into third par
ties hsAds. Altogether II IN pretty a
kettle OF fish as ever was fried.
One thing is morally certain. the eIt-
liens @snt sbe road, ard are determ-
lned to have qaid pro gao FOR the
taxee they sre paying, Ii is getting
somewhat naoHotoBous TO them to
have to pay taxes Oh the Dallas aud
Wichita railroad bonds every year,
and see nothing accomplished. The
citizens of Dallas consider that the
building OF THE road to Denton is es-
sential 10 the interests Of this city, and
VIII not sit quietly by aud see 10, of
raseHous contractors aud builders set
tie down like yult1res on a carrion
body, and wrangie and fight each
other for the last morsel, leaving
them nothing but the bones for their
taH IS. THE HERALD has no desire to
do injustice to any one, but has for it,
object the promotion Of the best
Interests of Dallas and Dallas
county. 1t cares not for individuals.
The directory, the contractor, the roll
ing mills, DIR. Reed, Brown, Smith or
Jones are Of no consequence when
compared 10 the interests of the peo-
pie. This dead lock exists, Wbv 2
Because the interested parties are un.
willing To make concession. This
must stop. Somebody will have To
give way, or otherwise the citizens
will petition the legislature for an alb.
rogstion of the charter, and thus
throw these rapaclous parties out, and
apply for q new charter aud build the
road.
If Henderson can not fulfill his con.
tract with the Dallas and Wichita
railroad company, let il De forfeited,
and given To some one who can and
will build the road, and the next time
contract is let, let the directory
avoid the rocks on which the concern
split before, by reorganizing and plae-
ing no one on the board who ia di
rectly, or indirectly interested In any
contract connected with the construc.
ton Of the road. Ii the directory, in
making the contract With Henderson,
had stipulated that a sufficient amount
of the bonds and certificates should be
retained by the company, or set aside
to pay the liabilities already incurred.
this trouble would not have arisen.
Instead OF this, they made Henderson
assume them, and he proposes to
make the Kansas Rolling Mill compa.
ny preferred creditor, instead of tax
ing the bonds and pro rating them for
the Indebtedness. The debt of the
road is about 100000. The only AS
sets that we can hear of, are the eleven
miles OF road and certain securities
which are valuable, conditionaIly. At
n meeting OF the directory, yesterday
evening, the mortgage, as amended at
the request of the Rolling Mills
company was signed, and DIR. Reed
will start to New York tomorrow
morning with it, to have the
| bonds issued and countersigued by
Allen, the trustee. This may relieve
| the strain, but rs we have so often had
| things represented eoie,v dc rose, We
will look with extreme caution before
we will express any favorable opinion
as to the success OF his mission.
Let the board Of directory understand
that the people expect the prompt re-
sumption of work ON the road, or they
will ref'se to pay the taxes, and peti
ton for an abrogation of the charter.