The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-05-24
SAFE ATLAsT.

lHb hpslon ~ lhh WY No"HNN WV
nesday night absolutely guarantees the
entire safety of the charter OF the Dallas
aud Wichita. The resolution adopted,
requiring tho trustee 10 turn over the
bonds upon the completion Of tho road
TO the point named, 10 wise one and
only now occupies the ground Dr. Reed
took In January last, II this action
could have been had then, instead OF
10 save the charter, the
problem would have been discussed IN
10 the ways and means Of pushing the
road forward towards its final dlstona'
ton in tho Wiehtas, Though tardy
and much later than IL should have
been, tho action Of the council, oons
sldering all things, Ia wise and just Az
the matter now stands the Rolling Mlll
and Dr. Reed are both deeply Interested
in pushing tho road TO the poIht named
by the time specified, the former TO
tho extent ofone hundred and twenty
five thousand dollars In bonds and one
hundred and twenty sections OF land,
aud the latter TO tho extent OF fifty
thousand in bonds, This hopeful situa'
sion, M we said above, iusures the com
petion of the road 10 tho point neceaN
aary 10 save the charter, and thus the
interests Of the city are cared tor, There
Ia not, nor can there DO, the smallest
doububut tho road will be rapidly push
cd forward beyond the point named, be-
cause II now offers one Of tho best
Investments Cor railroad capital and
experience in tho south. The gen'
tlemen who wore here u short
time since, and who went away because
of the failure of the council TO act, will
undoubtedly return and u strong COM
bination of capital energy and expert
enco will DO the result, and from which
must be evolved, the early compile lion
OF the road TO point ut which its effect
il necessarily bound TO be Of infinite
service TO tho trade of Dallas. II vii
be seen that tho Rolling Mill has a
least five times IN much interest in thu
completion as DR.. Reed has. The doc
tors interest was quite sufficient to in
sure the safety of the charter, to 81!
nothing of the Rolling Mills and othe
large interests There is no good citi
zen of Dallas or of the counties penetra
ted by the road, but will rejoice with u
in this hopeful condition of this mos
important enterprise While the tim
fixed by the council for the completion
is short, yet every energy will DO ben
TO meet IL, and we doubt not but entir
success will be had There il abou
eight car loads OF iron yet necessary
and we understand that IL is ready u
the Rolling Mill for shipment, and i
ought to be pushed forward at once, an,
doubtless will be. The only regret il
this connection is, that the iron had no
been ready in February while DR.. Rec,
had his construction party thoroughly
organized and in hand Better lat
than never" however, is good sayin
and fits this case most admirably, 30 ia
M tho true interests of Dallas are con
cerned. There has been an incrodibl
amount Of bad feeling growing out o
diverse and conflicting interests in thi
matter, which we devoutly hope will nov
be harmonized, and to the sole end tina
the road may be completed; not tina
private individuals may be served alone
but that the trade of the city and tn
development of the tributary territor.
may be secured. The council has don
well to guard carefully the interests O
the city while they break the dead
lock by turning over the bonds in quet
ton, The reservation OF the ten thou
sand dollars in bonds makes
everything absolutely safe, even
the Rolling Mills and DR.. Rec,
had suffered their feelings of resent
ment to carry them to the point OF sac
riiicing all the tremendous interest
they have at stake. 1t is not possibl
that any more local or general war will
be carried on. but that both partie
will work like ants together, and w
don't care very much whether they low
or hate, so action is had, the charte
saved and the final completion of tn
road is secured. This is what Dalla
means by the action of her council, an,
this is what the necessity of the situa
ton demands. We congratulate tn,
city, and the road, that the point has a
last been reached, which insures mu
tual interest in an effort to secure
common good.