The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-06-01
THE c.. ;: ~ NJ. g. f. r.

In the local columns of this paper, under
date Of Thur sday the 25th, appeared the FOL
lowing rumored report of the sale OF the
Chicago Texas & Mexican Central railroad
to the Cult Colorado g. Santa Fe road:
1t is rumored that the Chicago, Texas u
Mexican Central railroad has been sold TO
the Gulf, Colorado & Santa Fe for Sl9OW
mile, or fraction less than 81 100000 Tor
the entire road. This emanates from what
is considered reliable source.
The Galveston News, of Sundays issue,
contains'a special from New YORK under
date of the 9th, which reads:
1.-The Santa Fe railroad is said to have
purchased the Chicago, Texas d Mexican
for $4,000 per mile"
1t has been currently reported here for
some time that negotiations of this charac-
ter had been pending, and that the hoHs-
ton d 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, ana now IL
is generally credited that the Gulf, Colora-
do & Santa Fe has carried off the prize, as
above stated as rumor. The Texas Cen
trail does not desire an opposition line from
Dallas to Galveston, and is, therefore, anx-
ious for the road which the Gun,
Colorado & Santa Fe road wants
equally as bad, as it 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 Gulf, Colorado IL San
Ia Fe gain possession that the line would
be extended from Dallas northeastward,
according to the original survey via farls
and through the Indian territory and con-
meet with the st. Louis & San Francisco line.
These are the rumors that are atioat and,
as 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 Uuii, COLORADO
g. Santa Fe line, arrived in the city on yes
| terday mornings train, and his presence
| here nj such time was the subject OF much
comment, and il was thought that he had
come to close the supposed purchase sale.
In A conversation he stated to HERALD
reporter that the rumors aiioat in regard 70
the purchase of the line by the road he
represented was, if such should be the case
| matter of news to him. -.
While here he took drive ort WIFI
Colonel ]. b. Simpson. the attorney for the
| Chicago, Texas * Mexican Central road. e
the depot grounds. He left on the Al,
south.bound traiR over the Texas Central
| for Galveston.
Mr. A. Il. Bennett, the treasurer Of the
road. arrived here from Chicago on the
same train that carried Mr.. Gresham away
and he went to the house OF friend
/ instead of a hotel perhaps TO avoid publicity
7, or 10 keep away from newspaper reporters
Learning that be was guest OF MI. w. II
Hale. the assistant treasurer OF the road
who resides on Ross avenue, HERALD re
porter called on the gentleman and he dic
not appear 10 be any ways reluctant q
make statement which was briefand 70 tn
point. He stated that be came from th.
lbeadquarters Of the road at Chicago, and
that be had brought with him and de
nox;fed in the CITY National bank herr
10000 10 pay of all Just claims agains
the road. properly audited BY Auditor Can
non Superintendent O'Den and Colone
Simpson. the attorney for the road, woulS
be paid at once. He stated that the Chlcs
4 20. Texas d Mexican Central road was
NOT FoR SALE,
notwithstanding the idle rumors ahoai Z
the contary, and that as soon as its indeot
edness was settled, that the line would q
an early day be pushed to Paris and o.
through to connect with the ST. Louis 4
! San Francisco road.
The Anglo-Auerican and Land Claim a.
sociation will back It's OBSTRUCTION, nccoro
ing 10 the original survey. He turtle
stated that three prominent officials Of 70
u Gulf. Colorado & Santa Re had recenti'
visited the headquarters Of bis roed q
Chicago. and attempted 20 negotiate for y
purchase, but thet they bad JAILED >
20 do. They tried 10 open neRoti.uon
that II vas not for sale. They BID OF n
rosd. Mr.. Bennett further stated That
the road had been purchased b ne 6ul
, COLORADO 4 Santa Re. i vas new
20 him. and, 70 say ne eaa
1T marvellous strange, ~ tn-r
had been no meeting 81 tbe eirectory .
. the subject which. in his opinion. - ne
s--.--r =, sanction and legnlize The sale {
fhe line. In short, Be did not believe
,rr-d Of Il. ~ hnd such = sale been mad
h would have hen ngtihed 81 y y -
rrsrh. He vii renain here Until n
eniIIra claims - creditors aTain9 The roe
a-s sn settled