The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-02-15
RnIIrnad Liquidation.

The people of Piao Bluff have sent TO III.
ATkonshs legislature very earnest protest.
against proposed Legislation for tho reeula-
ton of the rates of freight on railroads. They
say: "The more roads the better; competition
3 the life Of trade. Commerce will .egulato
itself, and no company dare e1lort
upon free people whose patrons
ago it seeks. The way u force
any road down in their prices is to refuse to
pstronze them, and they will soon como ~
terms. We respectfully pray our mem0ers
OF the Legislature to use all their exor,ious to
defeat any and al legislation tending TO fet-
ter or cripple our various railroad enterprises,
but to favor liberal policy and encourage
by all loge means the introduction of cspi.
tai end immigration rs the great levers of
progress and civilization md wealth, and
thus they will enable our stata TO restore her
credit and take her proper place rs one of
the proudest states Of the uaon
The peopls Of Arkansas ara Similarly eit-
uated TO Texas--they need many new rail-
roads--nnd the moro Intelligent Of them
perceive that this 10 no time to be sgitatiuy
tho subject of Sdver'e legislation, the tsR-
dency Of which will be 10 drive oil capital.
In this connection it is significant that Mr..
| Gould recently addressed letter to the gov.
oinor Of Arkansas stating that he designed
investing largely in railroad enterprises 10
that state, and that no hoped that there
would be no adverse legislation u cripple hm
efforts. The governor sent this letter, with
an approving message, 10 the legislature,
where 1t was met ia corresponding spirit.
There ia no state in the union whore 80
many railroads are urgently needed as in
Texas, and where legislation consequently
should be more liberal Texas DOES not pro
pose to drive OF capital invested in mauul,e.
lures and in otnor enterprises. II is as much
needed in railroads as in anything else. No.
only does our Increasing commerce demand
their construction, but the settlement of vas,
districts Of country and their Development
depends upon such legislation rs viii give
assurance to capital that IL will be AMPLY
protected. Let any man tak0 the mRttur
homo to himself. suppose ho had capital IT,
invest in railroads and no read from dar o
day, hostile speeches against men Of bis class,
and propositions to arbitrarily reduces The
| fare from five TO three cents u mile, and 10
regulate railroad irdiy lights, emsnatnc
from men VINO know nothing abou
railroads or their management, would
he not begin to think it lot
to seek different locality for tho inve9tm, at
of bis money? Railroad stockholders erc &c
worse than otEer men. Our experience wit.
them is they only ask fair treatment and Just
legislation. They should DO accorded On m
| Railroad companies in Texas have heon
moro sinned against than shining; they have
exhibited for more lberality towards he
state than they have received .homseyos
II Joy Gould proposes, with his syndicat9
to expend fifty millions of dollars ia Voxu
10 railroads, we think it very bad policy t.
hold him up rs M obiec. of suspicion, or to
threaten him with adverse legislation |
Will be time enough to complain of his
movements when they merit censure.
The present legi'la ura /, composed Of .
body of sensible mon, and they will perceive
the propriely Of these remarks. RWl-a d.
cheaper transportation, enlarge commerce,
bring in immigrants and invite capita. and
enterprise. Texas has a vast territory 10 -e,-
tie up, mines to open, and hundred ysiel
industries are needed, all of them requiring
capital aud cheap transportation. Lei lli-
nois, il its people think it advisable, under
lake to mansge the railroads within It's .rd-
ara. Texas can afford TO wait and sec how
this character of legislation works in practice.
Let US let well enough alone and, Il the
meantime, do all we can TO stimulate rail
road enterprises. Every road that 10 bull!
develops some section, and adds 10 The a..
| Qrepate wealth of tho state