The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1877-06-02
DALLAS AM WICHITA.
the situation ~ ~. ur q by shc So &C.
asot- ot rarttss Nrprss ming Ia
tcwNeatag Interests.

the situation ~ 90 az q ny the 81 &C. |
meat- ~ rsrttss Neprss ming is
ter,e-i"g I",ercsi@
TnE HERALD was called upon YES
tertlay ~ "a number 81 gentlemen
connected with the directory 81 The
above road, who expressed desir'
that the ouu- zhOuid NOT rest upon
them. tor tie interruption 81 opera
lions. OuF reporter, with desire tc
DO Justice e. all PARTIES, ana ~ tht
saue time 90 place thr matter before
the people of Nurth Texas, who a.
greatly Interested In The progress 81
the road, mace itap point to visit all
tuc PARTIES directly Interested Ia a.,
work, aud to get fromm the their View
and tur motives v which actuatcd them
in their proceedings.
~ tue I.etiraud hotel hc met Mcssrs.
Castor, ObcuchBiu and Pointer, 0f the
directory; Mr.. FUut1u, the legal rep
rrseuiative ~ the Kansas Fiiy rouiup
mills; Dr. Reed, capitalist who has
been furnishing money Tor she pny
mcut ofwoJhmuu aud Mes~rs. stevens
snd Robinson, both officers 10 the
construction company.
The directory c.,,u that their post
pouemsrt Goa executing tts mortgage
aud i-.uiug IN" bonds Co. Mr. Hcud,r
snn WIS ocrp.ioutl by The desire on
their part t1 shield the interests 81 N,
stockhoidgr-. ~ thc request of one
OF tie directors, oar reporter read the
contract between the Dallas and Wich
ita company and Nr Henderson, the
confrH rtor Onc clause read- In sub
stance ~ follows; that Mr.. Henderson
sbsl' assume the payment ~ certain
ciaim- against the road amounting o.
over ei0,OOui among which II The
calder claim that Calder has deed
80 trust on the first one hundred and
hny land certificates Of the road. The
directory do not feel warranted In
ISSUING bonds to Mr. Henderson until
be has satisfied these claims and re
leased the company from any resPon'
s.biiity regarding them.
ON the other hand, the Kansas City
Rolling Mill company who have fur.
nlshed the iron to Mr.. Henderson. and
have contract with him 10 take
honds--to secur. themselves from any
attachment that might bc made, hay,
removed their loose iron from The
track, bat state that when All arrange
ment Is made satisfactory they will b,
pat back at once.
Mr. Henderson IL absent in IT. Louis
bat his friends here take this position
That he l. unable b. pay these claims
until be gets the bonds, which De car
hypothecale, that hh paying the ctbel
riaiu.- j. n subsequent condition, aut
that the road must issue % him al.
bonds without reference 10 when ht
pays the Indebtedness. or la othci
words, his contract does not cumpe
him o. pay these claim. first or beior,
he gets anything from .he road.
The rolling mill company, vino ar,
hacking Mr.. Henderson, have made
this proposition That the bonds be is
sued aud placed in tue hands Of Mr.
Castor, a. trustee, 10 De disposed OF 81,
may be- hrreHite- directed, aai that /
they flldll their contract, they car
then call on Mr.. Henderson 10 do hi
part. They ask that they be paid thei
pro rata per mile, and are willing {,
await decisions a. to the disposition o
thrbalauce. lnplsiu words, II the difec
tory will issue the bond, place tueu
ina Trustees hands, so that Mr. Hei
dcrson can negotiate his share, the,
will Furnish him the iron o. cgut5ru
81 work.
This Is the situation a 10 uow stands
Roth parties thiuG they are r.fht, an,
the difference 81 opinion 81 entirely ol
the construction ofR clause in the cou
tract which the directory interpret a
before stated. Tan HERALD sincprcl.
hopes that an amjcatle scttIemu
will be effected, but ~ the samc tim
,Li-- not rorr'le nom ia former pu-i
tion, aui a. the advocate of the inter
est- of the people Of north Texas, vii
look with grave apprehension upoi
any action that may tend O., imptd
the construction of the road. and vii
use all means iu o., power o. ezpo-
auy attempt % iniure the Interests o
ballHs, by any corporation or indiyid
ual, IN this city o. uut % u.