New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-16
THE TEXAS ROUTE no NE PACIFIC.

graphical Society.
THE TEXAS ROUTE TO THE PACIFIC.
PLAN FoR BUILDING THE LINK PROM FORT WORTH
10 FL pAsO-coNNEcrI0Ns or TIKI TEXAS AND
PACIFIC RAILROAD.
At a recent meeting in Philadelphia The stock
holders of the Texas and Pacific Railroad Company
authorized the issue of mort gage bonds Tor the
purpose Of extending the road. The terms OF CON
tract foI building the road have bcen agreed
TO- and the contract itself has been approved
by the railroad company. lt y said by persons
Interested 10 the scheme thar II has not been signed
on the part OF the company Of capitalists which
has agreed to undertale the work. 1t IS
known, however. that the principal lnem-
Der OF the company several weeks ago
executed the contract subject to the approval of the
railroad company. Various assigned for
the delay; Dy is said TO be 20 the tact
that the construction company has not been organ
lied Others say that the execution of thr contract
is hindercd by questions regard 10 the right 10
build telegraph lines along the proposed route.
The Texas ana Pacific Railroad which was or
gained under an Act of Congress approved in
March. 1871, is now IN operation from Texarkana.
Tex to Fort Worth. distance OF nearly $50 miles.
IL has also branches extending east 20 Shreve-
port, La. forty miles. and from Texarkana
west to sherman 155 miles lt "a proposed 90 ex-
tend the road from Fort " orth west to FL Paso,
Under the terms of the contract. recently approved
by the railroad company, party of capitalists,
prising Thomas A Scott president Of the railroad
company Jay Gould. Russell sag. George
NJ Pullman Charles T. Wocrishofer aud
William l.. Scott. has undertaken 20 build
the proposed road. The construction company.
20 be organized under the laws Of Conncc-
ticut. VIII have a capital stock Of Sl.0OO0cO
1t has been agreed that the company shall
receive from the railroad company $4,000
of bonds and $4,000 of stock mile
1t understood that the bonds have been estimated
IN this agreement, at 80, and that the stock given
as q bonus for the completion OF the work. II Il
said that If the road should he built upon these
conditions the payment In stock would give %
the construction company the absolute control
of the road through lis entire length.
The work IL TO be begua early next year, and ac-
cOrdng 10 the terms of the contract the ROAD il 30
De completed 10 FL PasO before July l, 1852. IL
was said yesterday by persons interested IN the
tract that tbey expected 10 have The road in
operation within TWO years
Ihe completion o, the proposed road and a con-
nectiOn with the Southern Pacific would give
other route TO tho Pacific coast The Southern Pa
cifc has been completed more THAI half way across
Arizona. aud Is fast approaching ucson II Is ex-
peeted that 1t will reach the kio Grande within
= wear AT 1exsrkana. terminus.
the Texas aud Pacific Road connects with the 81.
Louis, Iron Mountain anu Southern which affords
il an outlet 10 the North ami East. AZ Sherman &C
connects with the Missouri. Kansas aud Texas
which would give II direct ilne o. the " abash sys-
TEN of railroads. By .he extension Of IT'S Shreveport
division eastward 70 VcksbuTg. - would gain
cess the southern routes 10 the Atlantic seaDoard
The construction company l. 20 have, by the con-
ditioDs 81 the contract an Immediate representa-
tlon IN the directory Of the railroad company. The
board Il 10 be enlarged by the admission of two
new members, who will be named by the cOnstrlc-
tion company and two other places VIII be made
soon BIZ resignation
THF BROADWAY RAILROAD SCHEME.
a MEETING or PRoPERrY-owSKRs cALLED-TALKs
WITH FREDERICK ". STEVENS AND JANIS W
GERARD.
A meeting Of persons Interested In property in
BROADWAY has been called for this afternoon. at
o'clock at the Metropolitan Hotel. The signers of
the call are Frederick ". stevens. james W. Gerard
Henry Hilton and LispenaId Stewart. The call was
addressed 10 those who are DESTROYS of having the
propertv-owners control any railroad that may be
built on that street. and to protect their
interestsD TRIBUNE reporter called on Mr..
Stevens and Mr.. Gerard to learn whether
the meeting was designed TO encourage the build
ing of q rad in broadway to be controlled by the
property owners. OF to oppose any road whatever
Mr. Stevens said that ne was personally IN favor
of q road but he had idea that the meeting
was calIe,. 10 favor either particularly.
So far as he had talked with property
owners he had found them IN favor CT u
street road. But that year ago. and they
might have felt as he did, that in view OF the
terrible depression OF business at that time. any
change would he tor the better. lie stun .Avored
vi.
lice arrangements sueh exist IN foreign cities, 1t
need nos interfere with other travel.
James W. Gerard. who II SAID 70 nave taken the
lead in this movement among the prOperty-Owners-
said that they simply intended 10 get together T.
find out what mad been done; and II
INV road was To be built. 10 take measures
10 force the building of a decent one lie
would oppose having any more roads Da.t WIN
high raiis outrage that no pubiic except an
American public would be 81 cowardly ~ 10
submit to at all The rails said he
on any Broadway railroad must be as
fat as those IN PARIS Then there you'd he no dii-
6cuitv about travelling over them go
"Nha action will be taken toward controlling
the road. II built Y
'sIf road Is built want the property-Owners TO
owners. unlike the uptown streets which belong 10
the corporation. which does what It likes with
Them The shares should be- divided IN proportion
To the number of lots owned. Some owners may
Dot care for an interest ana would 1asor
Offering hear shares 70 the stage companies when
must Of course withdraw, II there - ROAD lnat
youid be lair To them, and would facilitate the
project
4" II NAV be desirable. | am MOI prepared - say
whether think II - necessary The meeting To-
morrow wall develop what the owners tnlnk abOu'
that. And If any Of them shall appear 10 nave
given their names IN favor of the present scheme,
We will try TO induce them % joan IN the Efforts
of the other owners to control thcu own road IL s
Tor their benefit for their disadvantage The
gnneTal DublIc arc well enough PROVIDED for
by the roads in the side streets; ana what
snail D. done with Broadway IA entirely
matter affecting those owning PrOper,ty ,neio
Ne mean never 10 have any elevated road there or
any surface road that shall interfere Win trucks aI
other vehicles. any road whatever II We uah heip
It, that we AT not interested IN People are forgetting
all about Broadway. ana 1 thihK perhaps
n road will stir things up there
Mayor Cooper has decided Ia veto the Chambers
Street Crcss-t0wn Railroad bianc VIII do 10 io-oy
II Is said that the fifteen Aldermen who originally
voted for this scheme Will vote 60 pass the OIL over
the veto fifteen being the requisite number 10 ac-
cOmpish that result.