Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-09-26

, ttfie ROCK q ~.
llItVs ubiect for their experiment.
soou - WAS originally made four
B gInn ue,s before the war. 1t was
II, ,ss original land grant scheme
\ o l .nn a. Douglas, who originated
|'ipn ..'a, nv congress OF land grants
gvn55 In order to help the Illi-
ISSeentrai railroad. which be-
Sidjne in 1856. A number OF
eg l,hern states were brought into
q e"ce at that time by having |
'onI s,t given to them. They did
81 them avail themselves Of
"! grants before the war.
var and its attendant events
a, ne grants to lapse. The spec
g ~. ,,bo took up the Fort Smith & |
\. ~ p%oek land grant found the orig |
nj was for 100000 acres of |
They thought there would
,roubie in getting the land grant |
N particularly II the Southern
shauld unite upon the ether |
Macdonald soon after the |
~ 70 Arkansas was elected to the |
u II states senate. The party work
= ,he plan to revive the Fort
land grant, although 1t bad no
!. was Influential enough to push
.,ter into favorable notice. The
n sss delegation in congress was
~ pledged TO it, while all the
" a,p men were naturally for
N which would help their
u' hill to renew the grant
mn in 1871, two years
IN blaine was first elected
ssr AT that time there was not
Sollar invested in the enterprise.
q little Rock & Fort Smith Rail-
company was not organized, and
natter OF course not u single bond
'sare Of the stock had been issued.
snonald says that no one ever
u a word to Blaine about the bill.
! the bill was passed its Arkansas
sctors. who Were unable to raise
Nv in their own state, in order to
e A themselves of the land grant
IA Boston to see what could be
Roston they met a banker named
Z president of the Bank of Com
NJ He took charge Of the enter
ard brought into it SPECTATORS
M name of Caldwell and Earring
Caldwell soon became the mas
sirit of the scheme. 1t was he
orrapized the original company,
yho flOated the original bonds
tock. Caldwell was a very ex-
,vant. visionary man, and he
IA the road for much more than
onld have borne If 1t had beell
incted as a legitimate In
IN of a speculative enter
q. Caldwell, in pushing about fol
arket for his bonds, sought thu
mort of Adams, the founder of thu
ress company bearing his name.
Warren Fisher was then quite init
y te with Adams, and 1t was for tn,
1 purpose Of getting at Adams tina
arren Fisher was put into the road
WAS soon after the organization o
company that Caldwell mad,
Nine the agent for the sale of the Sc
ftles OF the road for the state O
line. Hepromised him handsom
Emission, as usual in such en-
prises. Caldwell had known Blaine
knew that he had the con
knce of the capitalists of his state
Edwell made such representations {
value of the road that Blaine wa
Nuced to place some of his bonds
from this dates all his troubles.
b selling those bonds he gave whi
Unusual, a personal pledge of sect
IN Caldwell so overbonded Ii
ID that 1t was impossible to meet I'll
keest, and the first Mr.. Blaine kne
: this was the notification from Lt
Morrill, that the interest upon h
etment was not being PAL
/ Zen 1t was that Mr.. Blaine pl
Is hand in his own pocket al
Ian to make good the loss
eh We're threatened. This drai
ID his private resources to maintat
II only the most scrupulous cou
! dictated, soon embarrassed M
me to an extraordinary degree. I
time his means were limited, al
failure upon the part of the rot
beet its liabilities meant financi
His letters to Fisher, therefore, we
to Fisher as a private in5ividuE
to Fisher AS the chief officer of q
Aulting road. How much NJ
line actually lost at the han
The SPECTATORS who handled d
strs OF this road is not official
own to Mr.. Macdonald, but he sa,
- Alnderetands the loss to have be-
p The neighborhoed of $50, 600.
: caldwell afterward made a lar
laln of money out of the enterpris
4a constructed twenty miles of Il
and then sold the control OF 1t
Rn d Marquand of ST. Louis, 80
lear for himself 100000 Allan
fquand sold the same property
pdon for 100000. Wa
Fisher was thrown ov
Caldwell in the end, and
nd himself with nothing in q
q Of assets of the road except n
ines letter begging for justice fro
men who had imposed upon hin
Der rightly judged that a malev
construction might be plac,
n them, so he has held them I
70 Mr.. Blaine's enemies when tn
ID injure him the most. Ex-Se
Macdonald says that when t
g facts In connection with the ca
s known the public can only syl
Pie with Mr.. Blaine as a victim