The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-26

Ia Sart Compensated for his losses by the |
money spent in railway construction, but !
the railway can find no compensation !
The loss, OF the transpsrta- |
ton OF 10000 bales Of cotton
deficit, and the wiping out Of
S7,hO 900 anticipates values, will alone
have All influence upon railroad, rs well as
all other business colcUl atoms in Texas and
require careful manaSefpent and tho hus.
banding Of all RESOURCES until the land
shall again smile in plenty. The relation
between the producing INTERESTS Of Texas
and those of the railroad3 Is so close that
misfortune becomes coWnlo A sho
crop is necessarily lolkhwe'Aby limited pur-
chases, and lrelghts OF al character, rs well
as passenger business, fall oil. Fortu-
natey for the farmer, mid winter and
abundant rain has given, g0od grass and
saved the scanty crop OF corn. The move
ment OF grain for producing another crop
VIII therefore, even at The low rates usually
made in such emergencies, be but limited,
ana the railroads. have before them, even
on the basis of the present freight and pas
sangcr rates six months longer OF the year
of losses and anxious economy. Under
these circumstances, believe that any re-
ductlon IN the maximum freight or passtn-
ger rates OF railways IN Texas must involve
losses which VIII be difficult 10 bear, and, II
carried to any material extent, will result
disastrously to Il number Of lines. | am
Impressed with the apprehension that in
the present uncertain condition OF the
money market, II the prospect Tor remuner-
awe business IS destroyed, number oil
struggling enterprises, whose success - not
only Essential To the development OF the
regions throuSh winch they are projected,
nut whose construction IL essential TO Sc
cure connection for tlrOuph frpirlts will
be held III check.
The number CT railways IN Texas Sep
TEMPER ~, 1881, as sh own by the comptrol-
iers report, Is iotty-one, or double
the number reported year previous. Oi
these, twenty-0he are new lines IN pro-
cess OF construction seeking independent
connections. Other lines have been organ
lzed and are cndeavorng to secure the
means Tor construction. Upon their con.
siruction ana the prosperous existence OF
thesc INES VIII depend TO a great extent
the maintenance OF purely local lines IN
Texas. II they must accept rates that will
ilot sustali the'r expenses, nhuCh less aiiord
return Tor investment, neither local or
OUTSIDE capital VIII press them forward.
Nelther STOCK or bonds can be sold without
a showing o! prospective earnings sum,
cent 10 pay interest at lonst on the cost OF
construction. 1t Is the Interest of Texas
mat as FAR az possible ,he capital or her
people shall pc invested IN her railways
that they shall be operated with view TO
her own development, To the fostering OF
her own commercial interests, the building
up, STRENGTHENING and support IN her own
interior ana upon her seaooard OF cities
ana towns That VIII become prosperous cen
ters OF populalon, education, msnuisc-
lure, tTaue ana wealth keeping pace win
asrlcuitural developments ana SUSTAINING
Il, with liberal purse ~ time OF need,
mus whilc nature yieldS her bounty and
farms teemihg with swelling gram and
lofty cotton uollS, capaciouS barns ami
happy homes bespeak the prosperity oi the
farmer, these WI reflect the grandeur and
prosperity OF the state. The construction
OF these lines are rs essential To tie welfare
OF the iarnier as they are to the merchant
Competition viii Re lleye all reason for lrgis-
latlon against mbination, when their
connection with new lines on our border
ensures share OF through ms
well as local business, their rami-
rcatlons VIII le so extensive
and thelr ldentilicailon with local interests
so complete lhat combination VIII be prac-
tlcally impossible. Once constructed they
may possby be satisfied with existence :;
but pondlnk construction they require at
least the prospect ol prout. The onward pro-
gress OF the Guli Colorado n Santa te rail
way to TIE northern border OF the Texas
central railway through the Ian Handle,
ana rom the Hunt county line to Red
! RIVER Inc c. mplsllon OF the Texas Il st.
fhouis ana othtr narrow'gaugc systems, the
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