San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1886-06-15
THE NORTHWESTERN ROAD.
Fifty Thousand Dollars Quickly Raised
for the New Railroad

for the New Railroad.
Last night many citizens Of San Anto-
MO met at the courthouse for the pur-
pose Of cooperating with the committees
from the northwestern section as to the
ways and means Of securing the extern
sion Of the northwestern section OF the
Arkansas Pass railroad In that direction.
After the meeting was called to order
by Mr.. l.. M. Gregory, Colonel G. W.
Breckenridge was elected chairman and
Mr.. l.. VI. Gregory, secretary.
Mr.. W. N. Henderson, for the Boerne
committee, sdverted to the interest of
Kendall and Kerr counties In this mat
ter. They wanted and expected a rail-
road. A charter had once been obtained
but the capital came not; although ifit
succeeded the land grant alone would
have given sufficient funds to build It,
This lost San Antonio her tributary
trade, and she had now the chance of re-
gaining it, The committees were now
In earnest and they expected that San
Antonio would aid them. San Antonio
would gain by the transaction in
THE INCREASED TRADE
and development Of the counties and
their resources. BOerne had raised $50, :
900 for the good work, and expected San
Mr.. j. w. Tivey, for the Kerrville
committee, reported that $50 600 had
been raised and this SUN could be in
creased 10 $4,000 but that was the most
they could do. Kerrville was so inter-
ested In the matter, that some citizens
had subscribed 10 per cent OF their entire
wealth for the road.
Mr.. Ingenhutt, for Comfort, reported
the collection Of $4,000 and the citizens
expected San Antonio to aid in furnish
ing the balance.
Alderman Lock wood said citizens of
the Northwest had raised over $4,000
out Of the $3.50, 900 required. San An
tonic should furnish the balance. When
the Arkansas Pass road was agltated some
citizens promised $4,000, and even $780,
600, II the road was extended Northwest.
Let them now keep their word. and take
their money out of the vaults.
Col. Breckenridge considered that all
that was required was simply to raise
the interest at 6 per cent. upon Sl94, 600
for three years. After that time
THE BONDS WOULD PAY.
Alderman Lockwood moved to open a
subscription list. This was carried, and
q recess ordered.
When the recess closed, Captain A. c.
Schryver was called to the chair, and
the following subscriptions reported:
G. W. Breckenridge. 49, 900
A. B. Frank & Co., ,oooo
Goldfrank. Frank & Co., '''' 60 lo'ooo
Martin & Schryver. ..............l0, 10000
klmendorn q Co...... ............ 300
K. II. Terrell ...... ............... 5000
hugo q SohmeltZer. ........,..... 1000
Total. ..... $4,000
The Hon. A. W. Houston thought the
committee should look after those bust
ness men, who, two years ago, were
anxious for the Northwestern road
What Lott and the directors OF the
Arkansas Pass road said they would do,
they meant TO carry out. II San An
tonic would only follow the example of
Fort Worth, Galveston and Dallas, the
prosperity OF three years ago would be
restored, and San Antonio would have
q live and prosperous trade.
Dan Oppenheimer was Of the opinion
that the property holders were inter-
ested in the enterprise, and should do
their part, as the railroad enhanced the
values Of property. Appeals seemed to
only directed to business men but he
wanted to see property owners come up
and take their part ofthe responsibility.
In this Mr.. 4. Fl. Terrell concurred. He
had subscribed as property owner and
hoped his action would encourage others
to do the same.
Col. Breckenridge was quite sure the
enterprise would be a great success, and
was willing to pay the loss, If any, on
these bonds. He was satisfied they would
be worth 10 per cent. premium in three
years.
Mr.. W. Wahrmund declared that the
people of Fredericksburg would give
$50, 600 If the road went to that city.
and read a letter from Mason Offering
$50, 600 bonus for the road.
MIR. Cumming Macedonia offered to
give $1,000 and right-of-way for three
miles II the road crossed the Medina.
The chairman appointed the folio wing
committees:
Subscription-Chas. Schreiner, Dan
Oppenheimer, II. l.. Degener, +. ii.
Terrell, Max Krakauer, DR.. W. G. Kings
bury. who are to select three others.
On right-Of. way-Will Bonneli, w. ii.
jackson, Ed. BradeD and Max Aue, who
are o select three others to assist them.
The meeting then adjourned until Sat
urday evening at Sp. M, when 1t is
hoped that the necessary capital to en-
sure the road will be secured.