Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-09-22


Tint North and south Line.
Dallas. Texas. September 2i-The
news was given out In Dallas
on Tuesday evening by representa-
/ tlyes OF the Farmers State Alliance.
which organization Is very strong and
Influential IN Texas, that S3,0O0,OOO.
worth Of the bonds Of the projected
north and south railroad from the
Manitoba line to the Gulf, chartered
as the Interstate and Gulf, have been
sold to English capitalists and that
Negotiations are nearly closed for ;he
sale of s3,O0O,OOO worth more. The
,eheme OF the promoters is to have
state Identity in the construction and
ownership of the line. The English
CAPITALISTS say they prefer to invest in
De bonds Of road thus controlled
than In the bonds of an exclusive rail-
rad corporation. as there il less like
llhood OF too great an amount Of o6li-
cations being lodged onto the prop
critics and that they believe such
road would earn at least i per cent and
can be built for cost not exceeding
10000 a mile.
The line a. surveyed through Texas
was contemplated to run east of Dali
las. but the English capitalists in
sisted before agreeing to purchase the
bonds that the road must be built
through the larger cities OF the states
In which 1t runs. as II would not be
good policy TO antagonize those COM
munitles.
Ii Is claimed that with the 600
OF money which the English inanciers
have agreed 10 furnish, that the road
can be built and pull IN operation from
the Gulf coast Of Texas 10 the Kansas
line.
President f. De Normandie OF the
Gulf and Interstate Railway company,
yesterday filed with the secretary ot
state at Austin the resolutions adopted
at a meeting Of the roads directors
held on Sept Amber n. amending the
charter in substance as follows:
Article / OF the charter Is amended
50 Us TO read The name OF the railroad
Company shall be the Gulf and Inter
state Railway Company or Texas.
The charter is also amended TO au-
thorize the construction OF a contnu-
NAs llllt Ol rAhlilAHA hhNkN f'fH''fs
from Port Bolivar through and across
the State of Texas. passing through
The counties of Galveston, Chambers
Jefferson. Harris. Liberty, Hardin
Poik, Tyler. Trinity Angelina, Hous-
ton, Cherokee, Anderson, smith, van
Zandt. Wood. Rains, Kaufman, hunt
Rockwall. Collin. Hopkins. Della
Fannin ana Grayson to point on the
north line Of the state near the inter,
section OF the boundary line OF SAID
two last named counties with hea
river, ebout $40 miles, more or less
The charter is further amended 10
authorize and provide for the locat-
ing, constructing. owning and operat-
Ing OF a branch line from point on
the main line on the beach at or near
Port Bolivar. in Galveston county
Passing through and across the coun-
ues OF Galveston, Chambers, Jeiier-
son, Orange. Jasper and Newton, 20
point on the Sabine river. In Newton
county, at or near Burr's Ferry apou'
eight miles. more or less,
Another amendment also proNlu,.
Tor an increase OF the capital stoDA
nom $500, 900 20 100000.
Mr.. De Normandie also fled an hP-
pllcation with the railroad commits
sion for authority 10 issue bonds "
The extent OF $4,000 per mile on the
company's line from Port Bolivar 10
Beaumont, on which SOM WORK n.ts
already been done. II built aceorains
20 the present plans OF the PROJECTORS
We Gulf and Interstate viii be a nov
city IN Texas, as Il will be the ohil
road In the state In whth WOOD VII WI,
not be used In laying tracks ths raiis:
YES bridges. etc. being fnuteir "a
Neel, with shell ballast.
rhe Dallas Daily Times-Heraia snsa'
u n somewhat singular that IN tns
amendments TO the charter MED y
Austin yesterday NJ ment'on y maze
q na..,s. The -'.-ses- HERALD is re-