San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1882-04-20
SAN MARCOS,
TEXAS TOPICS.

Mr.. Lafton, of California, has com
Melted negotiations for 10000 acres OF
and in Coleman county. at Sl2,OOO.
Jaw Gould was elected president
Of the international q Great Northern
railroad.
Eight thousand bales OF cotton
have been compressed at Corsicana
this season.
Work is progressing on all four OF
the railroads now building ont from
Laredo. Tie International, the Mex,
can Natiogal, the Texas-Mexican coal
mine extension and the Rio Grande
and Pecos have largo forces at work
grading.
A farmer named C"rter, from
Fisher county, brought to Abiline two
bales of cotton recently. He raised
twelve bales last year on eighteen acres
Of land, and hauled it seventy miles to
n gin in Coleman county, and hauled II
back home again. He lives west OF the
bundredth meridian of longitude.
THE contract for building the Aus
tin and Southeastern Narrow Gauge
Railway from Austin to Bastrop was
signed by General Griffin, president
of the road. The road is to be com
nleted to Bastrop on or before April 1,
1889 and to connect with the Texas
Western at or near La Grange by Oc'
tober following.
On the 9Th of April four children
Of Mr.. j. Witherspoon were playing
near the bank of Waxahachie creek,
Ellis county, one slipped in the creek /;
in attempting to get it out, another also
fell in. when q third one, going to the
rescue. fell in. The banks being steep
and the water deep, they were unable
to get out. The fourth chlld ran 70
the house, some distance from the
creek, and gave the alarm. A young
man who happened to be there ran
down to the creek and succeeded IN
saving one. The other two were al
ready drowned.
"a party of Atchison. Topeka u
Santa Fe engineers are quietly, pros
pecting for route from Caldwell han-
sas. via Forts Reno and Sill, Indian
territory. to Texas They make no reg
Mar survey, but take notes of the most
feasible line. The object is to be ready
for business as soon as congressional
consent can be secured. Such line
will be in operation in less than two
wears. 1t will strike the Texas system
of railroads at Weatherford, Fort
Worth, or Dallas, wherever the connec-
ton can be made with the Gulf, Col
orado & Santa Fe for Galveston, thus
penetrating part Of the grain, cotton
and coal region, and have an AIR line
for Kansas City, Chicago and gull
business.
The State treasury has submitted
a supplemental report, mainly to give
a statement of the recent purchase OF
bonds. These were made out OF the
sinking fund, out of proceeds OF public
domain and out of surplus revenue.
The treasurer, referring to the hlgh
prices paid for the bonds, says they
were held by New York capitalists as
permanent Investment OF equal Vaiue'
and as desirable as United States bonds.
The holders, being aware OF the pros
perity of Texas, would not consent TO
part with their bonds unless they could
get a premium which would enable
them to procure other securities equal
ly desirable. The consequence was
the State had to pay as high price as
the bonds were selling form the market.
Besides some per cents and per
cents, the treasurer's purchases include
and are mainly constituted of 7O2 $iooo
z per cents, payable in 1904 Each
bond would earn 22t years interest,
and the State III that time would pay
Oh each total interest OF $l563 and
$1,000 principal, or on the whole Mould
pay principal 100000, and interest,
1907, 457 :66. Total, Sl,799,451. lie
paid Tor the bonds, 1882 $40, saving Ill
the long run SSl6,657. The reduction
in the annual interest and sinking fund
by these purchases is, interest, SG0,OOO;
sinking fund, $50 900.