The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-02-03
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! wand l,r a.r,st,t,ei WIZ, H. g",,a5
| above, n. two LAVA uuon M. ea'y
| naeaad oi fhn eot,,,- a,'a.l, 1, IN ~. A.
| tIIc former y eolsraI and ibs iaTep
| net w"
| In tbn nae Of Tho tToust,o y 'r.xns
| r.ijroaG roro,,nn, aoai"'t =, A n.y.
| elred Inv onr liinf.tnc c.t,,., "a iia ta,a 4,
| form tHe ,,,cs t},,, 40 a. IL" ~ iin,, ~,
5uFi 'n" al w, mg so mg ,o,
| n n,ao.,re zoo Oh ave- a., Xxx .,,,,, VI
II w,li M. icsd ~ ~ .IgbunH,c,
| ,,doo" ~ r eov ni,5 one tSs
| Waqbiprtrn c'if,,fv rosd Win Ma m
u Inalpts.l, = . ~ hpP M u.
I'LL I'LL. ~, 2 " ill.,, = " Nv 4'v u.
thal tnn ~ tne "ee Wilen ~
w s@Iensiun Z, Aushn vs. oVhsli' ~ ,nats
.e s ~ ~ ~ ~. grer usS RoveN3r sve'v
WIS . SUNS isntiy PIoVsu w lneJ9urnlls,
nl 1ne Iatot'Ul ufS %, tilS
t.si.ln,uIe 20 lhtrrieIe WIN tnS inVestniens u
ang se1oi iiiu ana re-lhVesI ~ pa anot t
Anu inherent way Wes hO1 p'sss" on Ny 'he
'0"i'
ToVerh'r 1--WE, IN ms velo nlessiigs on .nis
PHI, to9k me gronnd, amonHolhtr reasons
elYen, lh'.. ln- Dlil we uncohsttud'ohhi: peo
cause III conn aysnnon OF s@cnon U, hrllcle v
9i the col NJ. tutloh, herrlnDei9ie relouel 70.
'uis n"sSdSe ~ IN w 9 Nnu hnuett run.
paper and dsssrTess earsfui cosslderatioar
rot ROT iilyseli, sni lree 70 say bearLliy concue
~ the CONCLUSIONS s reachso Dy te tnsn GOVERNOR
mat the act OF ioIo, IN SO ihr as IL atempts.Io
re.ihvest or ulTe'I thls Iunu, vas unsuln0r-
ized sfu vold. quote from me message OF the
g0verher. ~ = says ~ ms DID tnoenskes'
ton Counby, rahIoau company Win tne Ssn-
trsl, 10 insKe anlhVeaiment OF portioa OF ING
school Iunu Ihat hau peel ioanen 10 tne tWoi
companies nsInei, prior 20 Inc slgo Rnun Oh Inc
present constitution, IN new Donds 81 the cen
tral, ". zen we pIesInple ca me ac. ssys are arc
Issued W. ne me Dody says ere lssse.i or 70 pc
lssueu] snd 70 reieass Si9-,ooi o) "l tnc scnoo
money ri,csctner.
| Inc next anu iast ieflSiatlon en- inc supJecb
under consiF tl WI, De Ionsd N the gen
OF lhWsol 10 ., psgeJ-, nus W. SIMPLY an, an
ainsHNM 10 the genera hot OF lHlO' aFlhs
relief TO the com palloS, " sddng prsYIso,
| requiring com psnlss VINO cl9imed mo pensns
or me ncf or 's'O, 70 Keep their ROADS III 9oou
| runslhg Qrder,otc.
Under the pre- enG constitution all fnnds,
lands ana othsI properly heresoisrs SET apsr6
| sohSols, IS declared 10 pc y lerpstuat scnOoi
| 1und ana me Legislature is iorDldden from sp-
pffospIlaung any portion OF ms iana 70 any
| otherpurFost, WhaleTef. (sSe artic'e 7, sec
| Gsns etssU'
Havieg given ysu This brief outline Of the
laws, under which the leans were made. and
thus indebted L come now 10 speak more di-
rectly, i. answer to your question, Of thu mat.
ters controversy bstwees tse state and these
| If / sn correctly rformsd, the time of the
eiefbill Of 1870, the companies were all in
default and were liable 10 be sold out by. the
8 veraor, as provided by III, teims OF their
contract. The design OF this act was to give
them time and as il Were rsstste their ac-
counts so re. hiatus n theis compliance with
it, terms and conditions. the sale might be
avoided Asa condition precedent, The 40
!, counts were to be sistad on the books IF the
s9 and the aS s9ea and Sink
ing fund was to be upon that basis. General
lava 1870, page So, section J
Now, The authorities in charge OF the states
intersat AZ lie time Of the passage Of this r. lief
| | pct OF 1910, in restAt ne the ase0unts bstween
the cors lanies and he state as Nrevidsd by the
| act or ral her IN arriving hG tho true state OF
; these sccousts, as shown by the books of the
, | comptrsller or NAV /, 1870, refused to credit
them with The smouats oIainsd BY them 10
have bees paid ia state wsiranTs prior 10
I.65,-urde, de several acts Of tis legislature,
safsed dnrlnR the war-and dsducted these
, amounts and sisted the account US ii no Sup
payment had been made
| kil the companies, l be leve, eX-
cent the Houston zap and BrszoIia
accented this settle sSsnt, made the payments
} OF interest and sinking fund.- as required by
Tue act and preserved their rrspertv from
saie The latter o. IspGny net complying with
tho terms of the act was sold out BY the gsv-
ernor, and the lien upon iys property for the
loan made it was thereby ext nguished.
But If IL but lust to say ttat " hile the cem-
panies accepted the terms of the settlement
linus made and paid the amount required upon
| the basis indicated they paid it under what
thev were pleased TO terni n protect
! The CeEirai company claiming to own the
o,sI act Of INSTRUMENTATION continued to pay for
the latter corr pany the interest nad sinking
: fund required under the settlement of 1870,
t until its payments had reached whas II con-
cejyed to he the amount duo the state, after
| craditr9 itself with he confederate payments
made Refere $50, and then refused
( To INV AZ ali, although The pooly
} in The comptrollet's office shew, Ii
3 the Confederate payments are not allowed,
g it to be indebted 10 the fund in tho SUM OF
$50 G55 so principal and % $50 81 Interest or ia
drst day OF Noyem Der, 1870 1t Ia also u d or-
stood fhat 40 soon as the O her COMPANIES nave
raid VIII nj thsy conceive t. ey owe, after cred
. Hing themselves with the amounts paid dui-
D mo he war In Confederate currency they will
: Iisewise refuse to nay more and leave the
: state to srremedy ~ law. IL appears then
A thai the amount in controversy involves the
SIM of sS5o o1O, amount of tbs original pay
1os.ts In ,,urrsucv ana six per cent is ter
e aet thereon from The date II which 1t is
a Claimed tbesr payaaenls weremsde iha whole
hsinf,' ,1srb rs n halfmiilion OF dollars
e Frs1,n, The Examination have bsen able to
i give The subj act, and am sorry to cay 1t has
1 6."n' n LHrrisd one, / nave reached he follow
e ngcoseiusions, and which / tract are fully
d warranted by The reel ais nerelnbefore made :
e uer made. author!zed Inc eoveruor T. en-.
s,rce ne tefns OF the loan and sell the 70 !.
: syive ~ any company falling TO poy inl-r a
= sinking fiind sid principl as they bec1iA
v dne' AID is now ia fores except IN - la %
! eral Laws lss0, Jege q cen lag, "a
n eIeol