The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-10-01
GOLD DUST.
MONEY AND TRADE NOTES
Facts aud Figures Showing the Won
derful Progress OF This wonderful
COWntry-Never in its History
Has the Like Been Seen.

$500
company have within the past few days set
on foot railroad enterprise which eventually
can no. fail to rebound somewhat to the
benefit of this metropolis. The new line will
be known as the Chicago, Texas u Mexican
Central railway. 1t will cross the main line
of the Texas Pacific at Dallas, and that
enterprising city--known as the Chicago of
the southwest-will be made the initial point
of operations, although the executive head
quarters will be located in Chicago. The
ultimate object of the projectors Of
this enterprise is nothing less than
the construction of through line
except where parts Of lines already
constructed can be utilized between Chi
cago & the City of Mexico. AT Dallas and
other points in Texas the project has created
quite furore, and the enterprise is character
led as equa! in importance to the Texas &
Pacific railroad, which is rapidly pushing
through that vast southern empire toward
the Pacific coast. Beginning at Dallas the
projected road will be pushed in both a
southweslerly and northe, sterly direction,
but at first chiefly toward the land of the
ls Aztecs, thus opening up what is alleged to
be the finest farming and grazing country In
the state. Several years ago q COM
Npany was organized under the title of the
X Dallas, Cleburne 4 Rio Grande railroad, and
/ by way of assistance the state granted to the
corporation sixteen sections of land TO the
mile, in any part of the state not in private
d hands. The amount of land still owSed by
the state is somewhere in the neighborhood Of
G eighty million acres and hence there is plenty
~ OF room to make choice from. This grant
4 and their right of way have been kept alive,
and now fall to the Chicago. Texas II Mex
NJ. g. - Al Ill ~,
Il Rio Grande project is the nucleus. Dallas
lies about four hundred and fifty miles north
east of the Mexican line, and it is to this
line in southwesterly direction that the
road will be pushed. The route is now be-
ing surveyed, grading operations will be be-
gun within two months, and as speedily as
possible fifty miles, through a settled
country, will be put into operation. Under
the land grant majority of the directors of
the road must be residents of "eypsN and
five of the principal business IRE lllss,
part of them former incC. case of the
Dallas, Clebutne & Rio OR us- az Ati-
tute this majority. These are, II. u. nardie
T. l.. Msrsalis, +. a. Williams, James b.
Simpson and L. II. Fitzhugh. Other direa.
tors are D. H. dale, D X, Trip, Clinton 3.
Hale and Thomas P. RObb Chicago. The
officers of the board are: Daniel H. Hale,
president; Dwight X, Trip, vice-president;
Clinton B. Hale, treasurer; A. +. Bennett,
secretary and George w. Waite, chief en-
gineer.
A very large number Of lsborers have
gone from the eastern states and Canada this
season to work on the various railroad ox-
tensions in Colorado, Of which there are nine
in progress, yet the work is delsved by the
scarcity of labor, the Denver u Rio Grande
company alone requiring at least 5000 more
men than they are at present able to secure.
Laborers are receiving from 81 10 to 81 80
per day. The mines draw away more than
half the number ofimpors.
Work on the new Wisconsin & Minnesota
railroad, which is to connect Eau Cl,ire with
Abbottsford, on tho Wisconsin Central, is
progressing rapidly. Twenty miles of the
iron has been laid, leaving only forty more to
complete it. The completion of this road
will open up new route to the lakes, thus
adding much TO the Importance of Eau Claire
as railroad centre. 1t 10 understood that q
daily through passenger train will be run be-
tween Milwaukee and ST. Paul over this
route as soon as it is completed, which will
be about November l.
Orders were given at tho shops at Weldon,
yesterday, by the joint management Of the
Illinois Central and Chicago, st. LOUIS and
New Orleans railroad companies for the
construction of one hundred freight cars,
each car to have q capacity for twenty tons.
The average capacity of the cars now on
most of the rouds is twelve tons. The one
hundred cars will cost 100000 An order
will soon be given for the construction OF
four hundred additional freight cars. The
intention is to chang the gauge of the New
Orleans line to correspond with that of the
Illinois Central between Chicago and Cairo.
The change will probably be made next
year. Thereafter tue freight cars of both
lines can be interchanged as the demands of
business may necessitae
The statement OF tho operations of the
Pullman Palace car company for tho year
ending July 81, 1880, has iusJ been sent to
4 the stockholders. The total revenue. from
all sources, is reported AT S2,636,46S, and the
total expenses al $3.50 OH, leaving net rev.
enue of $3.50, All, applied US follows:
Rentals OF leased lines ............... 1854, 0O'
E laterest on bonds. lGS 9I9
Dividends on capital stOcA Az. s,t
Iotal ACKNOWLEDGEMENTS. t9O5,s5,
Surplus ...... ....,.., IA 556
Balance to income account last year S,5l9,is
surplus July oil, ioNU f,o1iitoI
The Cincinnati papers report by authority,
that the Ratchet has been buried temporarily
at least, between the Cincinnati Southern
railroad and its great rival, the Louisville Il
Nashville and connections. The Louisville
" Nashville road has opened to the Cincin'
NAH Southern railway the Mont
gomery territory and all points in tho south
TOR botn freight and passenger business, upon
fair and equitable terms. The tickets of the
Southern road will be placed on sale in all
the offices OF the Louisville & Nashville road
at all the points indicated, aud the tickets Of
the latter road will be sold in the office Of
the Southern. In short the companie.
agree in fixing low, uniform rates on both
freight and passengers, thereby securing the
public transportation to any point they may
4 DESIRE and to the owners of the road a fa
return for the capital invested. Tho detail
of the arrangement are not yet made known
but the facts given are official and indcat,
that the war between the two great corpora
i tons is over-for the present
d Advices from Tucson, Arizona, state tina
q the Southern Pacific road is opened 70
& traffic to San. Simon, l25 miles east of Tucson
and 1,l05 miles east of San Francisco. Thu
y track is laid Is miles further east into New
q Mexico. and progressing very fast. All o
81 the hard work at the Continental divide j
r