The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-02-22
THE Ii. 81 Il. 4. RAILWAY.
lecials Relative TO the Reported Sale of
his Road to MR. Huntington, of the
Southern Pacific

Lecials Relative TO the Reported Sale of
lhis Road to MIR. Huntington, OF the
Southern Pacific.
In the New Orleans Times Democrat OF
Friday last appears the following Informs
ton, in the way of New York special,
touching the reported sale Of the Houston
e Texas Central road to Q. Z. Huntington ::
NEW YORK, Feb. 15.-Ricliard Morgan
SAYS there is no truth in the report that
Huntington had bought the Morgan inter-
ests in railroads or steamships; that no
overtures have been made recently; in fact,
that there is no intention of selling, and
that the owners do not wish TO SSH.
From the best information your eorre-
spondent can obtain outside, itappears that
the interests OF the Morgan heirs and the
executrix are pooled, with an understand
log that no one OF them will sell without
the other. There is strong family desire
TO see the plans of Mr.. Morgan carried out
by the completion of the sy stem of railroads
aud steamships combined. That is TO cay,
main trunk lines and feeders extending
from Red river through the heart OF Texas,
connecting at Clinton, below Houston,
with the Morgan line OF steamers, with
connection extending from the main line of
the Central in Texas via Opelousas or YER
millionville TO New Orleans, where the
line would also connect with the Nor
on OF about $50 miles of road
added 10 about 100 miles already built,
would complete this system of railroads,
which would be operated in connection
W Tn the fleet of 20 steamships now belong
! & to the line. The Morgan system would
thus become an active competitor for car
ling the vast products of the most fertile
and Lnlckly populated sections vi Texas 10
ports in southern Texas and to New Or
leans, or for direct export, and would enter
into active competition with the railroads
from New York and eastern points destined
for Texas.
Freights could be carried from New York
to northern Texas via steamer TO New Or
leans or Clinton, thence by rail, quicker
and cheaper than by the through rail
routes, the cost of breaking bulk being
more than overcome by the comparative
cheapness Of water transportation for the
greater part Of the distance. IL is more
than probable Mat this grand scheme viii
be realized before many years.
In the meantime it is said on the street
that Keene and other operators often take !
advantage Of the fact that the controlling
interest in the Morgan system is closely |
pooled, and circulate reports OF Intended |
sale in order to influence the stock not |
held IN the family There has been consid- |
cradle speculation in the outside stock un- \
Ger the influence Of such bear or bull ru- |
mOrs, out 50 lar can hiu no cpnnrinatiOn /
Jf tie reported sale.
4" rbe general street talk IL that all Of the |
big railroad syndicsies have about all they /
'au carry until better market for bonds is
made on the other side OF the water"
In tie Picayune OF next morning APP
,eared the following special from New
York on the same subject. The officers OF
he Texas Central in Texas and the prtsi-
lent Of the road deny the truth Of the state.
nent. however, contained in this special
nd others Of ike character telegraphed
rom the metropolis:
President Huntington tells me that
THAT have ielegraphed regarding bis pur-
hEss Of the late Charles MOrgan's Houston
'eniral Interests Is substantially correct,
hOugh IN Houston Central railway circles
here appears TO be darkness on the sub
ecf. TIE s1ppOsitiOn Is that be has quiet
y purchased from the heirs, leaving Others
Jr re moment in Ignorance beyond the
1ere TACT Ofthe purchase. Mr.. Huntington
rould not venture upon details with your
but told me 10 stand BY
rhat ! feiegraphed on wednesday. Ia
V-Ith Mr. Sloan. be said be
neT o. tire ner1tiafiols and tnHi the prce
a-d r-as Ufsbarly moderate in comparison
c glat had been asked"