The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1877-01-19


that Scott proposes to yet bull ! 5000
miles ofrailway, upon which he has de-
tormined TO make $4,000 per mile or
an aggregate of Sl2O,OOOOOO of money,
and thus become "a bigger man than
old Grant" Such statements and base
less calculations are too preposterous for
II moment to prejudice the mind OF an
intelligent readeror remotely jeopardlze
the fate of the bill now pending before
Congress. The Statesman, Mt the time 1t
referred to the feeders from Dallas,
Sherman, Marshall and Texarkana as
costing SG,OOO,OOO, the Memphis, the
Vicksbulg and the New Orleans branch
$40 600, 600 the Vinita branch $lOOOOO,-
900, very well knew that these feeders
were Topped of and that no oppropria-
ton would be made for them. Yet 1t
persists in its endeavor to deceive the
people of Texas by such unbIushine
misstatements and unwarranted eXag'
gerations. The Statesman knows that
every thing that the Pacific road is
worth, or will be worth, that every dol
lar earned by it in transportation Tor
the government, in carrying its mails
and in telegraphing is given as security
for the simple guarantee OF the govern
ment that the interest wW be paid upon a
limited nun'ber Of bonds.
The Statcsman knows that not one
dollar in the way OF money or subsidy
is asked or expected from the govern
ment. All that is required is that the
United States give guaranty Of fvepei
cent. on construction bonds not tc
exceed $3j, 600 per mile, and that ii
return for this, and as ten-lold security
there is given to the government thirty
. millions ola res OF land.a first mortgage
lien en- all of the iron, road-bed, rolling
stock, property and franchises OF The
company deposit of $1,000 inS Tho
!, United States treasury, in bonds iol
/ each mile of road, said bonds to be sole
by the government in case the compan!
{ makcsany default and the reservation
+ as before stated, Of all funds due from
' the government for the transportation
G of its mails, troops and supplies
A The Statesman knows that the con
# structon of this road will develop mil
!. lions of acres of the most fertile land
}. in Texas and make Texas n continuou
h farm from Dallas to El paso it know
i that this rapid advance of this army o
!, civilization will itself solve the lndiai
e question and save the government
/ $l0000,000 u year, IN amount which
o Congress estimates it will cost to main
Q tain force available to protect the live
!. and property Of citizens upon our from
tier; it knows that the diminished COS
! Of transporting military torres, Indian
(. suplies,and the mails, is an annual saving
n greater than the interest on the bonds
A it knows that il will carry the industrie
/ of civilization to ten million of peopl
of Northern Mexico, and secure TO us
q part ut least of their immense trade
q the NtdteSnon knows full well that tn
i. building of the Texas and Pacific roac
t will resuwect and rehabilitate tn
}. South by pouring through that fertile
/. but distracted country perpetual It'd
of the worlds commerce, vitalizing ii
A railway system and reviving its para
1 ly2ed industries, and that it will brini
to Texas, and especially to Dallas an,
/ North Texas the greatest, most i'm
O mediate, most substantial and most pei
@ manent benefits, and that in tho Ian
Y guage of the great convention of 81
q Louis the building of this road is i'm
:. peratively demanded as commercial
O necessity, means of national defense,
0 measure Of practical economy, an act o
1 duty, ofjustice and of sound statesman
h ship. The Statesman may cavil ant
= object, and write down silly and absur,
VI exaggerations, but the Texas and Paciii
o will be built and, by its building tn
:, South will live again, finding new an,
L better life than ever before in the bus
I and diversified industries ola contente,
| and nrosnppoua peonln