Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1878-05-01


n ~ - Is,
NOuCQorQ racine NallTOaQs
empnallc Conoe@Natoon o. Su0Slole3.
the PuSiic S.reiii.
The Texas and Pacific Railroad.
n,,
eiNoioio or me MiNohiii hIrOhi'
The Pacific Railroad OF the
House having by a vote of seven to six
agreed to report the Texas Pacific Bill favor.
ably-two or more OF the seven expressing
their desire to amend it, or defeat 1t on the
iloor-the minority member Messrs. Morri'
son, Landers Luttrell, Blair, Rice and Hew.
lit have stated their views in a report OF
which the following are the material por-
tions:
We are unable to concur in the views of
81. n,.;nr;ty of tho commits. hut aas;re The
aaont;on ~ Conarsss Of snch msasnres as
adoPtloh py congress OF s"ch measures -
VIII secure the early construction OF = Trans
continental railroad for the special use and
deyelopmept of the Southern and South
,astorn S,.,as ond 1r.rr;tn.;a. Nv. haI;.ya
- 80
tnat TINS Important OBJECT can De ACCOM-
piished without subsidy from the govern
ment, and submit the following views and
the accomnanviny Hill far tho conside ration
" tn Honsa.
vi INC iio"se'
THE PRESENT CONDITION OF THE SOUTHERN
LINE,
r,. - p-..e. p.n.
Inc IeAas anu Iaciuc halfway
a corporation OF the state OF Texas, In the
wear 1871 was authorized by Congress to con-
struct its road and TELEGRAPH from Marshall.
=. -. r. .ian.I n..r ~ ,b;r,y'
III i-"s,ein tvN's,c rU"s +" n."i :. .n.,i
second parallel OF Norm latltuue, through
that State and the Territories OF New Next
co and Arizona to San Diego. n small CITY on
tbe Pacific coast on the hav of the same
'"e : ".iA >o u go"
name, suPPoseu 10 pe wen aaaPteu 10 eohi-
mercial purposes, ana having u population
of 4 900 to 5000 people. The distance from
Marshall to San h;aro Ia estimated al 1 5a
n,;Ias hv r. a,,hos;,as 80 tha Taros ard
i'e w wv ""'"v'l.ies Vi ohe he~as y"
l ~ e'"P"n!, VIM. c"oso % - y
, ,n a,ihc co'pPahy oei'e'e Nv DC aoo"'
iVu mites greater:
Failing % me't these provisions, the Texas ana
Psclhc company has obthlntd by construction and
purchase aud has nov In operation Ai5 miles OF
road. sh'ch encloses . parable ogrsm in Northeast
ern Texas, having base OF ls3 miles, extending
from Marshall to Fort Worth, now the western
terminus Of the road, which My Is q part Of the
trunk hhe. Inc remainder OF TIE Ais mics ID no
located as 10 secure the n ore valuable lands grant
ed by the state OF Texas, probably because the
pecunlary emoarrsssn ents OF the company were
such that its credit was based chiefly upon the
granted lands; There Is shus remaining OF the
distance OF I,Asl mites. upon which nothing mas
ceen dene
OK the ten years allowed by the charter vi hin
wh1ch 10 complete TINS great worR, only -FOUR re-
nam, anu q coneiderabie portion OF one OF these
must eiapse before the enactment OF the desired
legislation IL possible. s'x-'enths OF the time has
been consumed In the construction OF less thsn
one-eiehfh OF the trunk line. and that 1T the East
erly ermlhus. in close c. npecti"n with the great
miadle s!sum OF rcaos and the central belt OF
states. rather than with the Southern system OF
fOAOS anu the SOutnefn StAIes.
The corporation has fallen thus far short Of the
performance or Us unotrtskinR, although II re-
ceiVed irom the state OF Texas the munihcent
grant OF Inc alternate sections land Tor forty
miles IN width along each side Of ito line, or eighty
miles IN all, through the State OF Texas, and the
sane rom Tue united states through the Terri
torres ana IN Canfornia, contingent upon Its com
p1ance with the conditions Of The gram.
THE SUBSIDY DESIRED MORE THAN 1Hs ROAD.
The credit Of the Texas spe pacidc companv wa,
seriousIy ;mn.i,.d hst,,a ~ az ~ 40 -
nn5er Il, ,nenanc, Ia. s,;Ii $50. Sn, -
admits liza n. cnniarv ;nahiIitv and assions Ma, a,
a reason for its faiiprs TO comply with the condi.
tio,. i'm nosed v,.,, q n, ,,w
In ls.s IL .nnI;aa 70 conor.s. for .s,h.;,, =,
over sGo- GOA tul ia sSaitinn 70 ~ Lana o,ary ~ ~
2i.sos.,0, scres in Teras ana ~ coo m n IN The t.r
ritories. beng n money spbsidv =, twics the nroh,
be coat ri h,,,ld,,, AMI scn;nn;,a; ~ IA S
the .nniic.t, a., ,.;isa uprrnnw h.nn". ,,
rather than the srhstanc. of is reon'st ana sst.
Tor \ orarsntv 80 $500 W ~ "uu
easter aud can IN n 70. ,ba nsav,s. no,t;ons -,
the ROAD, amounting IN ali TO ss.OCD. $40 al five
per cent annually, for nifty years.
Inc ponds OF the government bearing four and
q nan per eeit. interest pave recently been sold al
tatm rr.unoine ahe na,lopai ueo'; II tne puont
anu Is sept ana us ctedit unimp ,lred the tlme Is
hml remote when the government WI be able to
eEect loans ~ The rates OF three ana three and q
nan ptr cent SLOW pal1 by England. Inc dii'
nereuce oetwten tne inutest on these hFe per cent.
Ienas ana racine bonus Tor NIFTY yeirs and the
orain1ry rates winch tue government will have to
pay on ,he same amount Tor the same time, 1t To-
. Vtstfu Ik Ill mlR1t Ira DIV Inc government Tor the
payment OF It's own debt, would amount 10 mu Oh
more tnsn .ne coef or the road, so that the govern
ment vouia De Jar better on 70 build the road and
give ~ 10 the Texas and Pacific company outright
tnan 10 guarantee the interest on its hve per cent.
IT, tn,., "nr " r.s. 20 II rslurs.. A..
eovernmst unnId 20 na;1 sins y ums
amount To more than sTOn oao nv, in ATT va.r.
"a -. ~ .nau S'oo'ooo,"v III my !esre,
Of th;s nm A. sSs;po ~ kusssu.oe psshl-n,
Grant in ora. TO- 1917. ~ y 1880 To~nn :, y isao
companv 10 con,nlets ,ts 90 ~ -" "'
We are opno-ed ,o ali ,scnrorv srhsia;.. an.
guarantees by ire goyern,pept IN v hareyor form
for the benefit of railroads at This time, however
desirable their construction. In time OF peace
private capital seeking prcftab p Investment Will
generally PR MOI CONNIE rcial deseh pment quite
as fast "a Is Consistent wi b safety and PEI mADent
prosperity. IL the men in charge of . meritorious
ena rprise commend the confidence Of capitalists,
or even the too-ess,ly Won trust of the middle
SIassfs, !a.le 10 no need OF calling upon the nation
Tor SUBSIDIES or guarantees.
THE SOUTHERN PACIFIC RAILROAD.
I'll. s,,,.-, p..s
rors,iar ~ a. So. - nnaoaa company IL scor-
TS;s SsNIornls;
W." ~ tha op nss eonstI ueteais road 20 fort
pi.ar il, uh u - n.s.e.y Dank q the colorado
~ uS,"h xeyiy corner o, inc territory
80. ~ ~ III 10 y tine authorized
RR1 naS .atst.ueenS ~ lne neAas ahd racine
ia;S . .D nlles. i,s track mss been
stac,.s ~ - oser ea'rsolu.hsly nalufAi %
az" ~ .Apen.s Oh aoout Soo,'oVtto' ara the
~ - ~, n0u.neIn Poluon lassts hrongn .
ont IN CAS- %ht "N ra. Ar sn me Co.orado WIN
cnsr,a- i.n; ~ Iu.a, Dai. 70 preserve the
" eAcep' ior is anticipated
owl, o tn ths T.iinrn =, ~ s.a.es LON ~nicn
pany to couply with the reauisitions Of law n 4.
now more than ! DIM mi,ss dtst.n, Vi ""' lie
The rooa q. .,m.du -. -
go 1850 ~ ~,nsau .ns,s Win " mii,iots OF
iai,b ~ The aorrrnmen NY wast1, upon ,ns COCA
Road shonid 10 cnnstrmo.an ~ y fac.nc
t'oIor.do pi,o. :. ! !. ..s eu . a. 20 meet az the
that coroor.,inn sn ~ .ns .Tsns Oh we Iai.9re OF
snc,, - y" % 20 > CONGRESS snoaid ,ake