The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1888-01-18
r4t vsIoN pAcIF C STEAL
=. ,uc,udcd ,rom Page /.

,.r. trustees if they did occupy
y on; .i,n il was merely technical Tor tnry
= ,, r,r5 only their own intrres'' Oh ooti,
,rts h,inr no one else concerned
81 "'' tim rhcy became incorpora
~ u " nn,nnany that was to build the road
so a V', H.. stock and were only sub
1scf W., T.reforc.i it is difficult to see how any
ipf : ,'r,ngrd by their action A rule OF
~ ~" INVOKED which has Its orig III 'he IN
Va "; that no man can serve TWO masters
,csol did not apply to theih' because
,s.r, acting in their own inter
y ,yere not charged with the
a| caring for Others rights
y Sair, no other persons interested.
- matter. In view of these state
49, 'n5 fact. developed in the commission
~ =, /, .ortns proper to recall the grants
~" derived from the general govern
saI.tr hoth the Jnion and Central faclhc
~" os for the purpose of aiding the con
~ n.' Il their roads. BY an act passed
FlssS Il WAS provided that there should be
10y ~ said companies by the United
Ns aid such construction, bonds of the
- 'nen, amounting to $4,000 for
,yern meme constructed. as often
Iey Hi"' Of forty miles
ia Lnuld he built and that there
$40 rV'''f ,r.,,trl to said corupanics upon
loulo ''ao W 'y.ry said section of forty
~ .p - road five entire sections of public
VI a. Zach mile so built that the entire
q ~ Wv" aa hy said roads on account Of
nnNAgS '''' AMI serving for the govern
rnspo 'A,'Yl' ar,,lied to the reimbursement
nsnt sI'"'' ,jyapcpd by the United States
!ne 'ou' .Lnr,on and that to secure repay.
~ n Y, n..' bon1s N advanced and interest,
ne1s ~ I,Jv.rv to said COMPANIES
~ "" h,,ds .6oud constitute the
I ~ . D"n nm the whole line of
~ ,.r r,llirr stock. fixture, and
~ ~ y" Dtcrv Kind and description. Lib
syp1..! ,,,r. advances and privileges pro-
T., this law were granted bv the
u0 ~ T. far thr nuruosr OF
eneIsl s u''' of these roads,
cmM- t, ,,Io,n thn connection be
nAa .,'.r and western COASTS and
Eecu ou' ,,, ,,,,',,, IN. consideration of
AZ E'non,s rhirb would accrue 10 the
f., -upI tnIi-t rIIptlDn. Htlt
nns ''','! films roads were NOT con-
~. continent which then
.,.,d. cou,rrcss had
49, ,., a., i;,,,i, nfi,s generosity Two
-, ,l,n ,,...ogn If This law /, was
-.,s,,,'n,o1 and .IHnrdrd in various i'm
IN, ,"rti,nIurs in favor of those conpa-
~, an ,n, Chen nrovided among other
80 n1,t how'd. of tho rstn already snec-
81 ',l1 ~, d..I;,..r,.d u,on fine rom,,lr-
.nct;nns of twcnty mile, in length in
a. f,r,, ,h,t lands to hr conveyed to
acop,,o,io. on the comm, ton of each
nW"' ''u''S v" INV O" wv, o ,n,, rooti'nl -
min instead M five. that only half of
gch,r,,.. f,r REPRESENTATION and services
.fro,n ti,nr,oti,un from the | ui,r,l State.
mild n. retained and annlied to fine olyuu.
no. :, .ojd cn,nnonirs nv tbr oovnrn.
IT. thu. oblieiug immediate PAYMENT ia
tdebtor Of the %. her half Of said charges,
Ashal a lien Of the nited States to sccure
kyelmhurscmrt OF the amount advanced IL
31mpanics in bends. which lien was de
dby the law of ls69 to constitute the
mmor,garc upon all the proprrty of said
mpalie-. should become Junior lien and
rlubordinatcl to- a mortgage which the
mpanits were by AN umepdptory act author
ID 70 execute, to secure the bonus which
ey might from time to time issue, in sum,
i ezcccdng the amount of United State.
,nds, which should be advanced to them.
heimmelsc advantages to companics O
ds arcndatory act are apparent, and il
80 days Ve NAV well wonder that ever
Anticipated public Importance of con
ructbn Of these roads, induced what mus
maNear to BIZ rather reckless and nm
trded appropriation of public funds an,
Nc domain
under operation If these laws the princina
the bonds which have been ndvanred +
o9S,5l2. A, eiycnip the commis.'nn.r
orts, the inter- 81 til Noynnber 'n'F ls S4''
, Ieulated to he s,6.o24 ooc ~ roLin,r a.
egatc at the date named of s140.O47 Us.
uftsy of bonds added +,
, dncipa produce an aSgrega, a"u "f s,7s
= XIV ~, Against these amounts there no
4 nit by the company the .,m ~ s9o
. e6l, 1t is almost needless IN STAT
hkrmost extent of the nermi.sinn giy.'
! IQ Issue THAR hand o.i