The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-08-17
A Rrnre aYEouLATION.

chicago Syndicate prospecting Through
Texas for Granite and Marble Invest
ments.
Mr.. II. @. Grlnnell, Of Chicago, llllnOlp,
arrived In the city yesterday, and Is regis
tered at the Grand Windsor hotel. Mr..
Grinnell Is In Texas on stone speculation,
being the representative Of strong syndi-
cate of Chicago capitalists, who are DESTROYS
of engaging in the building stone business
on an extensive scale. The great amount
OF hard material demanded for the erection
of frst.class business buildings in Texas the
past two years, and the shortage OF the
brick supply the present season has created
a great demand for superior quality OF
sandstone for architectural purposes. Inc
syndicate represented by Mr.. Grlnnell Ii
Something similar to the Farwell-Taylor
Texas state capitol syndicate, also q Chi
cago enterprise. Mr.. GrinnelPs syndicate
has had several prospectors Ill Texas
nearly three months spying out quarry
lands of native brown ana
gray granite and Texas marble. Mr..
Grinnell yesterday informed HERALD re-
porter that Investigations had been emf.
nently successful and satisfactory, and that
before the present year closes the members
of his syndicate will avail themselves OF
the general incorporation act and organize
a company TO be known as the Interstate
Marble and Granite company for furnish
ing fine stone and marble for building pur-
poses. lie says there are many fine quar-
ries of these stones in north, north
west and to the west OF central
Texas, but as yet they are entirely unde,,
veloped and almost unknown, because OF
the lack of transportation facilities; that
with only three local exceptions, no lines OF
railway penetrate these localities. He says
a first class durable article OF brown granite
Tor sand stone) exists in almost ineXhaustl-
BILE quantities in Parker, Pdlo Pinto ana ad,
Joining counties; also that fine quality OF
If arble is found in Burnet, Llano
and adjoining counties; and that
the same is true of several
localities along the line OF the International
e. Great Northern railroad between Austin
and San Antonio The .,Burnet county
land other surrounding quarries) are being
pierced by the Austin " Northwestern
narrow-gauge, and the Parker and Paio
Pinto quarries could be easily MADE ac-
cessible by the Texas e. Pacific and the
newly projected roads through that section.
Nearly all the desirable stone. regions
have railroads projected through. them,
and Mr.. Grinnell says he predicts that two
wears hence there will be more stone than
brick used for building purposes in nearly
all the principal towns of Texas, and that
millions of foreign and local capital will be
used to develop and carry on the.businoss
He says two fine quarries of granite have
been discovered within eighteen miles of
Dallas, but that they are not penetrated by
any railroads. He says his syndicate have
made offers for the lands, but as yet
no agreement as to price has
been arrived at. He says nearly every mar
row gauge railroad project in this state,
pointing westward, penetrates somewhere
on its line either granite or marble OF
practicable, substantial building character
He saws the headquarters and principal dis
tribution point for his syndicate when busi-
ness is inaugurated, will be either at Aus
tin or Dallas. whichever shall furnish the
most favorable shipping facilities. He
thinks naturally the quarry product would
be more tributary to Dallas, and that when
such lines as the Texas ~ ot:
Louis narrow gauge, the proposed
Fort Worth & Rio Grande narrow gauge,
the G ulf, Colorado & Santa Fe, and the
Texas Central northwestern extension,
(Waxahachie, Weathertord, etc., are in
operation, that the headquarters will uiti-
n,ately seek Dallas. Mr.. Grinpell contem-
plates remaining in Texas several weeks
and will then return and make favorable
report to his Chicago capitalist associates
identified with the enterprise.