The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-01-29

IONS OI uoiidIr nave Dcen retkle>Sl. III
vested in railroad construction bonds
with neither law nor custom 10 when
the investor might appeal for prolec-
ton. The same investors would NOT
purchase mortgage for $500 under
the same loose conditions upon which
they have invested millions in railroad
bonds.
II did not start out to write thesis
on railroad legislation. and lest my let
ter exhaust your patience, | Will only
add that, if YOU have the honor of the
acquaintance of Gov IIogg, present
him my compliments and assure hlnl
that the legislation herein referred 10
will bide the test of time rs long rs
wrong is harmful and right beneficial,
or until business men shall become dl-
vided between the classes of knaves
and tools.n
With this evidence of satisfaction,
added To many other proofs that have
in favor OF this law, L am now led to
predict that no man in the campaign
this year viii revive that issue, or pro-
pose to amend or repeal or disturb the
law itself.
THE LAND AND BOND QUESTIONS.
The third issue has been settled by
a law which defines perpetuities, pre-
vents land monopolies, provides for
the proper alienation of lands held 10y
certain corporations within u limited
time, and forfeiture or escheat OF
them thereafter if the laws Oh the
subjects are violated. This carrie, out
The declaration of the constitution de-
nouncing monopolies and perpetuitie,
in the ownership of land. Under this
law it will become impossible for cor
porations, either foreign or domestic,
to buy up great bodies of our agricul-
tural or horticultural lands and hold
them for speculation to the detrimcnt
of the welfare and interests of our cit
zens. BY its just enforcement, any
corporation now owning land will be
denied no legitimate right, and in time
Texas Will be rid OF titles in perpct-
uity; and happy homes, occupied by
independent frcemcn, patriotic and
ever ready TO defend their country,
VIII everywhere mark The justice and
wisdom of he measure. Al any rate.
without entering into details, | beg 40
draw your attention TO the fact tla,
this issue, which greatly disturbed
our party affair, in 1872, Is perna
nently engrafted on the statutes OF
our state, and will perhaps never be
disturbed
The fourth issue eliminated into a
law which regulates and restricts the
execution of bonds by counties, cities
and towns TO actual public neccssi-
ties; provided methods by which all
questions of irregularity in their exc
cution shall be determined; lays down
the rule of evidence in relation there
to; and defines and Furnishes o!icmSes
committed in connection with their is
suance. Under this law yon Will
rarely, if ever again, hear ot' thc credit
of our toWus, elite. and counties being
attacked through the courts of the
country, because the bonds and other
o'Nbi NtiN7 " ~ iitiN v 'A''Il s,NtiA'- itbl'i7
thrown around them that elements OF
extravaganza, OF fraud and of pecIlla-
ton will be removed and their secur-
ity made absolute. This will give the
public the advantage of low rate oi
interest for all the money they obtain
by municipal bonds, and the investor
Will no longer be put to expense in
testing their validity or in enforcing
their payment.
THE MAJORITY MUST RULE.
So then, these four questions that
created so much trouble among IT,,
two years ago have been settled bY
statute and otherwise, and will
hardly be revived in the campaign OF
this year.
My fellow-ctizens, with all these
disturbing issues eliminated and
removed, why should we or any OF us
undertake to revive the bitter memo
ries of that memorable conflict, or en-
deavor TO place any obstruction in the
way of harmony and success in the
campaign soon TO follow? Is there
any division now between us? Is
there any issue involved that disturbs
US? Have amy of us any sacrifices 10
make? If so, what are they? If you
imagine any, stop and reflect that in
all delberative assemblies, in all re-