The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-30
TIE O., +. & NJ. q. Il. n.

Q
Colorado & Santa Fe Rond-Tbe Arrival
of Treasurer Bennett, Who Denies tho
Rumor, and Who Says Tint Line is not
For Sale-He.. Brings 100000 to Liaui-
date the Road's Indebtedness
In the local columns of this paper, under
date of Thur sday the 18th, appeared the fol.
lowing rnmored report OF the sale of the
Chicago. Texas & Mexican Central railroad
to the Cult, Colorado & Santa Fe road:
1t is rumored that the Chicago, Texas &
Mexican Central railroad has been sold to
the Gulf Colorado & Santa Fe Tor $4,000 a
mile, or q fraction less than Sl000,000 Tor
the entire road. This emanates from what
is considered reliable source.
The Galveston News, Of Sundays issue,
contains special from New York under
date of the 9th which reads
1.-The Santa Fe railroad is said to have
purchased the Chicago, Texas & Mexican
for $40, 900 per mile"
1t has been currently reported here for
some time that negotiations OF this charac-
ter had been pending, and that the Hous-
ton IL Texas Central road had also
made propositions for the purchase of
the line. These two roads have each been
striving to gain possession Of it. and now it
is generally credited that the Gulf, Colors-
do e. Santa Fe has carried off the prize, as
above stated as rumor. The Texas Cen
tral does not desire an opposition line from
Dallas TO Galveston, and is, therefore, anx-
ious for the road which the Cult,
Colorado & Santa Fe road wants
equally as bad, as il would be a feeder to
their main line at Cleburne Of no mean
proportions, and it is stated in this cennec-
ton that should the Cult Colorado & San.
tn Fe gain possession that tho line would
be extended from Dallas northeastward
according to tho original survey via Paris
and through the Indian territory and con-
meet with the st. Louis 4 San Francisco line.
These are The rumor. that are aflost and,
| rs already stated. they are not only cred
tied by the general public, but by some OF
the local officials Of the road.
Mr.. Walter Gresham, the attorney for
and leading director in the Gull, Colorado
e. Santa Fe line, arrived in the city on yes.
terday mornings train, aud his presence
here at such time was the subject Of much
comment, and II was thought that he had
come to close the supposed purchase sale
In conversation he stated toa HERALD
| reporter that the rumors ailoat In regard "a
| the purchase OF the line by the road he
| represented was, If such should be the case
| q matter Of news TO him.
While here he took o drive out with
| Colonel ]. b. Simpson, the attorney for tn,
| Chicago, Texas & Mexican Central road. to
the depot grounds, He left on the 4:lO
| south-bound train over the Texas Central
| for Galveston.
Mr.. A. i. Bennett, the treasurer Of III,
| road. arrived here from Chicago on the
same train that carried Mr.. Gresham away
and he went to the house Of u friend
| instead Of o hotel, perhaps to avoid publicity
| N "A knan from nnr ~
Learning that he was guest Of Mr., w. ii
| Hale, the assistant treasurer OF the road
who resides on Ross avenue, n HERALD re
porter called on the gentleman and he did
| not appear TO be any ways reluctant Il
make statement which was brief and to the
point. lie stated that he came from III,
headquarters of the road al Chicago, and
that he had brought with him and de-
posted In the City National bank here
$4,000 to pay N MI just claims against
the road, properly audited by Auditor Can
non, superintendent 0'Dell and Colonel
| Simpson, the attorney for the road, would
| DO paid at once. He stated that the Chica
10, Texas l. Mexican Central road was
| NOT FOR SALE,
notwithstanding the idle rumors ntioat &c
the oontary, and that rs soon MS its indebt.
edncss was settled, that the line would a,
an early day be pushed TO Paris and on
through TO connect with the St. Louis 4
| San Francisco road.
| Tho Anglo American and Land Claim as
ISOLATION will back It's obstruction, accord
ing TO the original survey. He further
stated that three prominent officials of the
Gulf, Colorado & Santa Fc had recently
visited the headquarters of hlF road d,
Chicago, and attempted 10 negotiate for Ia
purchase, but that they had failed &c
SO do. They tried to open negotiation,
looking to lie purchase, but soon found
that II was not for sale. They bid on the
road. Mr.. Bennett further stated that Il
the road had been purchased by the Gulf
Colorado & Santa Fc II was new,
10 him, and, to say tho least Of
| Il, marvellous strange, for there
had been no meeting Of the directory on
the subject which. IN his opinion, was noe.
essary 10 sanction and legaliEc the sale o,
| the line In short, he did not believe d
word OF Il, for had such q sale been made
he would have been notified Of Il by tele
graph. He will remain here untll the
audited claims Of creditors against the road
| ura nil sattl,t