The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-02-01
TUESDAY MORNING. FEBRUARY l. 1851.


This next and last legislation on the subject
under consideration VIII be found In the gem
or laws OF 1875, psge52. This wEs simply an
amendment 10 tie general act Of 1870 Swing
relief 20 the com psnic5 by adding prsyisc,
rquirlrg companies who claimed the benefit
efthe &C. of 1870, TO keep their roais in good
runsiNg order, etc.
Uader the IRE ent constitution all funds,
lands and plher properly heretofore set apart
and appropriated for lie support gf public
Schools, " declared TO be serpetual rchoOl
fund Snd tke legislature Is forbidden from ap
propriaing any portion of this fund 10 any
othsrPurPes', whatever. lsee article 7, ssc-
hsns 81 sep.
laws, HAder which the Leans Wers made. aud
The ac passed FOR The relief Of ths com paniss
thu iRdebis ed, come now TO speak more di-
rectly, ~ answer 70 your queftisD, Of the INST.
tsIS controversy bstween tAe state and thsso
companies,
n am correctly ipforsasd at the time Of the
rsief bill OF 1870, the cnmIani9s were all IN
default and were liabls IL be sold ont by the
& vtrnor, as provided by the terms OF their
oantrlcl. The design OF this act Was 90 give
| teen tiIno, and as II We're, restate their &C
cuunts, go rs, thatuPGR lheir compliance with
| it, terms and conditions, the sale might bs
| avOdtd. IA u condition precedent, the ac-
| csuut5 were to be Etsd on the books If the
c nutfnlleraG they stood on The first day OF
| Ma. $50, and the payme2t0tiutcresta and sink
| iuL pTd was t. DC upon that basis. General
| ltHf, $50, pagc s., c'iol ~
NON, tho aUthlri'i IN charge of tbe Ntste 3
ztor0Rl ~ tie time 81 the passage Of This lief
Get OF ls10 in resta, ng tho aacuunh between
| the companies aud he stat, o. pr5Tid q By the
! net, OF IA herln arriving ~ the uue State of
| these tCctupls, as shDw VIII by The buuAs Of thG
| comptroller ON May ], B'O, refused - credit
| them Win he aiGOunts eiaiAed ~ them 30
have been paid In state wprraE,s prior 10
| lsGj--uEdeI the seyem acts Of The legislature
| pissed during tue Nar-aud deducted these
amounts and stated ne a-cognt, Ua ID no sup
| paymen, had been made.
All the companies, | be lloye, eX-
| cept the Houston zap ana Braz0ris
| accepted this settlement, made tae paJ mepis
| OF interest HAd sinking fund, rs required by
| the act, and preserved their property from
sale Tho latter mpsny net implying with
the terms Of the act, was sold ont py the gov-
ernuT, and the lien upon It's pro- Grty Tor the
loan made IL WAS thereby ext pguished
but II IS but just TO say tat y hte tbn CAM
| pHuies accepted tho terms Of the settlement
| thuB made, and paid the amount required upon
| thu bass indicated, they paid iluuder what
| they were pleased 10 term protest.
Tine Ctalral company claiming 10 avs the
Washington county company, guder the Ips-
cial act Of Incorporation, continued 10 ray for
the iattsr com papy the interest and linking
fusd required uader the settlement OF 1870
until its payments had rssched wha il con-
ceived 10 be the amount due the bl5te, after
crsdit,us Itself with tas confederate payments
to my al ali, altbough IN. bonsa
In The cOmptroller's Office shaw IL
tLu CcnTederate uaypoDts arc mai a,loyed
IL to be indebted Ia the fDrd ln the x0m al
s,G GJ5 40 PRINCIPAL and 81 5.g C7 Interest on ths
fiist dsyoi November, ls7g II Igglso Imdsr-
food tuat sgnu ne tha ~ Io, lev,
paid what they conceive they owe, after cred
ing lie wIr Ia Contedcrata oI,irtrIry tnev ,yiil
likewise refuse 10 nv moro and lsoye tbe
,tnfr tn bsrremedv 81 law n gnI'csTl he,
thar the nmolnt i'm controversy IntnIyes ina
gDm OF 500 olO. amount Of ths original NAV.
mepts In vplc,Trsucy. ana siy mere inter
cst thereon from lie date "a which II i4
claimed these paymonis yerc made. ibs .56oio
being, ierhfps a 6alfniiliou oidGilgps
Frnnl Ms 5Xamiuafiuu hava neon sbla 70
p.yrthe subi Eel and Iam sarr, In nav n has
bs4n a hurrlsdo one, j have r,. rhfd .Ls f5ilo,v-
ing conclusions, and which [ trugt nrr fIlIv