Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-02
TEXAS PROGRESS.

Three large stone buildings are Delng
erected at Llano, Llauo county, two of
which are storehouses.
GRANBURY, TEX, Aug. 1.-Gran-
bury 3 reputation for pluck and public
spirit is well known and hard to be ex-
celled. She can show q record of more
private capital donated to works of pub
lie utility than perhaps any other Texas
city to the population and their incomes.
She has many business men of the same
liberality and sagacity that have enabled
THE GAZETTE to do SO much for Fort
Worth. Bridges, churches, mills, COL
leges and railroads have come with their
propositions and have been promptly
accepted to the amount of 500, ZOO by
a people numbering less than 1000. The
spirit of improvement Is buoyant at
Granbury. Ice factory up waiting for
improved machinery; several handsome
residences under way, half O dozen or
more large stone busin ess houses under
contract and nearing completion; court
house walls taking on beautiful ap-
pearance, climbing towards the clouds.
When completed the courthouse will
have cost SIS, 900. When dressed the
stone is white, almost like marble; quar-
ried near Granbury. The builders,
building a courthouse at Shreveport,
La. of the same stone. Several of Fort
Worth's best buildings are of this mate
rial.
HIco. TEX. Aug. 1.-The Hico ma
tional bank building is nearly completed.
DALLAS, TEX :, Aug. 1.-The recent
deal resulting in the transfer of the
Dallas consolidated street railway COM
pany to the Dallas consolidated traction
railway company was the outcome of
negotiations begun nearly three months
ago, when the owners of the stock of
the Dallas consolidated street railway
company gave an option on the property
to Philadelphia syndicate, composed
principally OF the owners of the 1900
acres of land north of the city. The
price named was $500 900 for the stock
and the assumption of $3.50 200 outstand-
ing bonds.
The lines of the Dallas consolidated
street railway company consists of twen-
ty-six miles of track, which has lately
been relaid to large extent with sixty
pound rails, and is said to be in excellent
condition. The equipment IS, however,
far from first-class. and the service has
been anything but satisfactory. The
franchise of the old company was, how
ever, valuable one. The receipts of
last year, so 1t is said, exceeded $780,
900. For this year it is thought they
Will go about $3.50 900. Portions of the
line, however, has never paid expenses.
The syndicate sent out two or three ex-
perts who thoroughly investigated every
thing connected with the property. The
result was the recent deal and the incor-
nh 10,
the Dallas consolidated traction railway
company as preliminary to acquiring
the property and franchise of the old
company.
The new company take immediate pos
session, and will at once begin the work
of equipping the line with improved cleo
trio cars and an electric system.
The capital stock of the new company
is 81 $50 200, and the new owners are
prepared to spend money enough to make
the line first-class in every respect, and
to put it in shape to prove profit
ing enterprise.
HOUSTON, TEX, Aug. 1.-The city
council has been acting strangely of late.
The last council and the present one,
too. granted corporations the privilege
of laying rails on nearly every street and
bridge in the city, and the different
street car companies SCI to work to
build and extend eight or nine miles OF
new line of road. All at once the city
council, acting by advice of City Attor-
ney Ring, a single taxman, stopped all
work being done. Ring holds that the
right of way and franchise of these
roads are simply temporary licenses
and revokable at the pleasure
of the council. To-day in
chambers Judge Masterson heard an in
junction suit of the street railway CONF
pany restraining the city from stopping
work and rendering valueiess that al
ready in operation. The court decided
adversely TO the city. 1t Is rumored