The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-04-11
,,ou.ton 4 Texas Central 1t, II,
Texas Pacific Railway.
nnllns& WlchItn HALLWAY
DALLAS AND WICHITA 1t, H.

u,eting 0f Ihp DiTectUTs Yes,aFiny -
A Lgiier irHm hosion Proposing Hn
Amicnbie Adjustment of AnaiFa-A
Proposition ~ 'ne council,
the board OF directors Of tie Dallas
mud Wichita Iailroad met NJ the com
pauy's office about ten O'Clock yesler'
day, Nil the resident members OF de
reuory being present, except Mr. j
" Calder After some routine bust
ness, unimportant to the publlc,the FOL
lowing letter was presented and read
llosToS, March 30, ISIS,
Dr. sllw Reed' .
Dfar SIR, Pardon the liberty take
In wHuns you, W. VIZ are almost entire
strangers. | came TO Boston on busl-
ness nst fall, and meeting Mr. Hendrr.
son hero IN January, ] have since been
tying 10 aid him IN placing the b0nds
OF the Dallas aud Wichita railroad
do not think that Hen.
dplson IL disposed 10 wrong you out OF
dollar. The rolling mill IL crowd
INK hlm on one SIDE aud Doctor Calder
ou tho other, II seems to me that you
Rud Henderson ought 10 be able %
come TO nm amioable adjustment OF
your affairs Calder and the
rolling mill both want Henderson 10
turn the road over TO them, They are
simply CredtOra ana hold some bonds
IN security. IhQy can fOrecl0se and
sell according TO law, tut that will take
time, II you and Henderson will
come TO m aminCNble settlement OF
Your business, the money can be got In
u week TO pay all the debts ana com
plete the first one hundred miles Of the
road, have had but little talk with
Henderson about your ailairs, nut from
what can learn from him, your mat.
ters can he arranged in few days,
and you can get your money. There
are several waystO arrange this matter,
and my advice to you IL to come to
Boston without delay, and M
soon an you arrange your oflairs the
money can be got, the debts paid and
the work can go on, Calder
IN now In New York 0t work with
Stone Il Harris, to be selected as the
trustees to take charge OF the road.
He has been here to get Henderson to
turn the road over To him and he pre-.
tends that the rolling mill want him
to do IT, Henderson will do nothing
Of the kind. he has got M good at
tornrys ~ there are In Boston, and
they tell him to stand still on the de-
feuNye. IfyOu can come here imme-
diately your affairs can all be arranged,
4 I. kn aud tI,A
prise made q magnificent success.
Hoping an early ana decisive answer,
am with great respect,
Your Ob 'ieDt servant, j. b HUssEY.
A resolution was offered and passed
requesting the mayor and council to
turn over the fifty thousand dollars
Dallas city bonds that was due the
company on the completion of the road
to the Deutou county line.
At the request of majority o: the
members Of the board. Dr. Reed ex'
pressed a willingness to proceed imme-
diately to Boston and make a strong
attempt to carry out the arrangement
suggested in Mr.. Husseys letter, and if
Mr.. Hussey's plans did not succeed
then he would be in condition to
makes more effective attempt to In
duce other capitalists to invest IN the
road
Upon inquiry it was learned that
some of cur prominent citizens know
Mr.. Husaey, ana speak in high terms
ofhim as a shrewd and energetic bust
ness man.