Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-01-13
'THE MESSAGE.
.rnor Hcgg Aoo'es'e'
Texas Legislature.
ouFsrIoNS CONSIDERED
=. p.pr Cover The Houston Demo-
uatic Platform
80. and Stocks Municipal lnd0bl-
Land Corporations Railway
.,.,..,,.ian-PubIlc Education.
r,,sanIes Liens, Etc.

EXECUTIVE OFFICE,
-re Teyas. January, 1870 = =
~. tenata aud House OF Repre-
. PR =. n the Twenty third LeRiaiA-
-. ,,s.ct OF q constitutional form Of
nl.s y ,se perfection az humen nAppl,
-s.sto this remote thoulN ovsV ~
i5g tne just equal prOteesl9,nl, o. 't az
asi property ang We ~ , olio' ana ruust
~,isre have alwsys peeh Auu must
n,c ige sovereign people. blessed
li.t,. 49, 81 their nndira. Won are mere
W vii and to advance thelr IN
" T, ,-....s.rr The unoestiuned power
b.. tbe constitution, 20 pass ana
~ piersure. your mission at
" ~ 4, I. confidently trusted. IN view OF
.,sces circumstances surrounding
,.;.oa. cannot fail 70 greatly dement,
bc a. an other ouestions now a..
lo. alai atfeution IN this state arc the
a ps.tsnss snsdo BY the STATE Democratic
..,...,b Ne platform on which q large
~ seeh OF Your honorable bodies ana
l.,iys Taro elected, and 20 which re-
4 incidence are due, -. $780,. ..
Y ts.,ands are the most solemn oDlgu-
. ..',, mon the pubic servant. ny
.ies NJ people make known their
MN tShcn complied wlin, must az
~, reasonable satisfaction. THESE re
land M no way implnge tho conatitu-
Al vitality AFFECT the general WelINoi
y. enertineut into law by this legisln'
"a se,nly irlpress every fair, thought
f. "A M their 0nlcacy and wisdom. -
p,uroad Bonds aud stocks.
..,.,ltuiion provides that: $40 cor.
s.ieii sane stocks on bonds except ibr
40 lAbof done or property actually
ara an fictitious Increase OF stock
i,biedness shall be void. Art -,
,yl,lsture has attempted TO give force
6rovlslon OF the constitution by pro.
4 AN, no railroad corporation snail
md siook or bonds except FOR money,
4 n, nrd1erty actually received and up
N ~ uflrposes for which such corpora.
I'd oryanised: nor shall 10 issue any
al siotk Ia said company except nt is
Ia AZ 10 actual subscribers who pay
q ne liable 70 pay the par value thereof"
IN penalty. however. for the violation
brdYih0n now prescribed BY law ~
itthe corporate oilcCrH nnd directors.
M simply made liable 10 the stookhold-
Il mditois thereof Tor tho fun par value
Illegal stock or indebtedness a. the
fsy laid Ar flit. Herein Hes the
no lava are 6uficlcut 10 declaring
atoi such evll practices, but the public
r.her ignored and unprotected from
n MAJ klnd and II n the material SUI.
Bends 81 excessive amounts. iar beyond
|alus o. ihe property nave been issued
AN OF the railroad companies or the
lkslr payment secured directly by
IigO ppol the several lines, and indi'
E.. By 4 lien upon every article or COM
aniod py thom
present. he enormity and the consequent
Nipumlung 70 the public nom corporate
n By ihs if6nanc9 % hCtlOO1b stocks ana
corgf9 % Is well 70 take a Wow OF the
|.ion aFeoiin commerce throughout the
STATS and then examine 1t With refer
ID local affairs
hsnllc satisfies show that there are now
niles u railway within the United
"A Lipllliiee on them including stocks
|ondi ne FIRST day Of January last year
gNed over 80 5000 100. During
tH 1897 the companies collected
ihe HAfo o. the country 81. i,UO0OQO
hAd leiiiom those receipts utter paying
= hnayy expenses incident " railroad
sa1en; Including the liberal salaries TO
army o oiiclals total available cash
le0f ortr NFuOOO. or about G2bSl FOR
A nile " raleay in the whole govern.
4 amer paying interest on bonds and
nedae together with rentals, tolls and
iAheoue Items amounting 90 hundreds of
as q dollars they also paid over ninety
collars ~ dividends on their stock
snNuluus assessment upon the public
ostter Illustrated by the statement that
leays icr TIE year 1921 collected over
cap "A Of The whole population within
issia government The surplus, after
ll Npenses, interests and q videnGR,
ka1.a iQr that period over forty million
, .Ilese facts are taken from the best
reliable published statistics The
+ .hi als,reisod condition OF tho whole re-
growing out Of the fast recurring
~ gepscaaions, confrouts tho govern
$50 ahl every citizen OF II. IL may not
w. oe enlss 10 say that while there IS
N~NN0lQJ of active circulating
70 tho United States, the
te'enue taxes received by the
-.lsn pddea 70 the uHfiic taxes collected
,poslltluu companies annually
lsI Ngount Doubtless the railway
w, VA q. ~ olher states Are as free OF re-
w lhe execution Of their obligations
= Of Texas n Buch Is he case. they
w N Continue 70 Issue their bonds and
Ky w Algh traffic rates % pay tie interest
y. " osqer 10 ~ apace With the increase
I'm WhNnE medium and 70 finally nb,
~ Nhue Tie itxas legislature cannot
u prove the condition OF the other
4 lAA me power 20 sci wholesome eX-
M Avulepy protecting the present pener
NY IoAwfity nom thla method u condg-
Ii Leie ore now within this state about
r. ~ % % galway rendered under oath for
Iars, 800 OQ), Tho aggregate stocks
sr5,, y ~. .lsosn by their last onicinl re-
49, osth amounted 70 S4d5, ColOln TO
'.4, very large per cent OF these ilabli.
y, ISSUED IN vlolauon OF the constitution
4s wv 70 aalo self.evident nropos
,.I,! eAceed the assessed valuation Of an
.-alt Nllhlu tho STATE hy s8,OllOD.
WSs amount % over hall Oi tho as.
|..aaNot Of al the properly In rexue
y, ~ railways themselves This state
At.t,ply ma4e % illustrate. by cOmpuri-
|5l,' wy Wy people may expect IN the future
m. ~ ~ VIZ etll unless ample legislative
|il.s esllop'ed as safeguards for their
~ =, d-N question wue presented hy
.s,'t.'atuFe, aud again called sleNriiv
llluA oi No extra session, hut tners
|.t,. passed on She subject. While Ne
IN y wv " was lnlly aud thofouqhly
-. re tle pe0rlb last wear. ana fhev.
~ ol tlelr sovereign 1eht i,doDfed
n IN eeinapd through theli said pdrty
N Il, ,llAhd a law that VIII eaectuallv
"a $780,. ttailpe ui Ncuu0us and Watefel
le8sst,As uy hallway companies Ina ills
Idle ea AZ VIM These gnut enterprises
III M u, 49, ,ipoh COMMERCIAL punCl
N, ,.,i Hhn bilug devices
x, lW,teshi men have coutended I'm The
IA Nv I. Pto ic should not Interfere with
|. 4, " lpH priYilvgo by the cOrpura
IA estsA matter With which the beopie
n er,NlA' ty this Platform demand Al
ee, ~, tlat t4e ppnple think dlflerentiy
.uo. rnH nave the right 10 instruct thejr
&, Inv !. ~ Ai1fi "a matters OF logfsle-
sll,s n, ~ llt ones after an who are nj.
y In c.as lefnment and It's Affairs.
have .luton thoae public hlen-
laI az e'eA transformed, within
load, 49,, aecdeE from plain
~. tito teNAs 70 ard from tie
Eio,,.e. w present roads laid IN rails
fa.l Wv granted special privileges ~
.lied X 4,eAp'tni 10 them nave been
M "a sVivinulcntal power "a punine,t
b - ~ liat cligo az collarting t,,ifs
Iinri 4, slAtoly called tfnfic tax@S fror,
NO.. s4siled hy them. Fbs feet ~
atlgr 80, lle exercise vi this DfiyiIeys
liible H XIV ~ pnd the power h eolieef
aegtf isa w iqr their service. Ibey
iiglnc III wv, light 20 caiiect any mote
AuOcir ~ lAitfce 90 HE country than
AIenls, IA Neit, alter delIayina nccef-
u IA, ~ maintenance and oUsrafion.
N 81 tbeT' 9le return on the oepitai in,
3 iten.sls seems that Instead OF cor.
cflAtif sr ,es " The le,dtmate perform.
oad qonus NJ = az common carfi rs. me
aas 3 III ,,,,i gave Lost sight OF their "a.
nave ta y. s-nt.ie A. eommtFcial agencies.
Mons sprs.i slls stock iobbers market 81
nu1 vhe,stltl Instance Ia this stats
Landt iof fs,'c, ny nave Issued both gtocr
qeilale' y, fhrre X M beiier ,vse az
se1,s, Ky ana 10 yefiiy nv 49,, ~ NJ
iagsl ". ,ntif reports 70 he colnpi,ef
~, % ie6.re AAdef OATH, ehowinf the