New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-03
A LONG FIGHT ENDED.
THE KATY" GETS ITS OUTLET TO THE
GULF.
AIGHTs IN A SHORT But IMPORTANT LINE
EVENLY DIVIDED BETWEEN THE MISSOURI
KANSAS AND TEXAS AND THE INTER-

HIGHTs IN SHORT But IMPORTANT LINE
EVENLY DIVIDED BETWEEN THE MISSOURI
KANSAS AND TEXAs AND THE INTER
NATIONAL AND GREAT NORTHERN
Galveston Tex. Dec. THE long and bitter war
between the Missouri Kansas and Texas Halfway
system and the International and Great Northern
Railway Company for possession oil 'ne "'i'e ST.
Houston and Henderson Railroad between hous'o'
and Galveston furnishing an outlet al ,oe"a'e'
on the Gulf. has been terminated IN "a co'pio
after being before the State and Federal courts ioi
ebou, three wears The terms Of the compromise
as agreed upon between the owners OF the respec-
tive properties provide that the missouri
and Texas Company shall transfer 10 .ne s
tional AMI Great Northern Company 4s'' si'a' e' "
the "a pital< stock Of the Galveston houston anu
Henderson Railroad Of the par value OF slV' sa.,
being one half of the total amount OF the capi'"
stock Of the Galveston. Houston anu Hehue's
Company. less share the Katy re'ai"."e
4 500 shares and the two remaining shares oeins
placed with some party agreed upon by po'h "'e
cortendnp roads In order 10 secure the strict ana
,mpartial CARRYING out of the terms of the agree
nnent In consideration for this transfer Oh s'ooA
the international and Great Northern surfehuers
the ninety nine-year lease made in 49," pv "ch
secured exclusive possession and cohtfoi Oh 'ie
Galveston Houston and Henderson properly anu
franchises TO be cancelled and abrogated. Inc
agreement further stpulates that both the inter-
national and Katy" shall enter INTO JOINT GUN
tract with the Galveston Houston and Henderson,
identical in every detail for the Transportation OF
,o,rs cars Messengers tonnage, etc, between
uouston and Galveston. Under this amcaoe ar
rangement the two rival roads will at once pesih
Joint operation of the Galveston, Houston anu
henderson track between Houston and the Huii'
snd the katy will be able 10 touch tidewater
The formal agreement which brings this long nsnt
IN a close has been submitted to the Texas Ran
road Commission. at Austin, ana mas receiFeu i'S
approval and Katy" trains will In oay OF '"o
be running through, unbroken between d. i@o''s
and Galveston. 49, l.,
The road in question was chartered by leAaS III
,s;a and its completion was prevented by the break
ing out of the Rebellion. after fifty miles Of me
gerec, roado tns IN Oldest shs a we as the most
Interesting 2Rd ;mP1Tgans ISfS1a involving as
it does valuable franchises and prTieses' ana r re
growing Importance Of the city OF Galveston i ne
eees of number of other roads previously cha ii
tered. II designed by us Pp0Sgsso n1nty The
capital stock OF the company is sV.g go ana IL
outstanding bonded Indebtedness IS No nr"csea a.
ing and was purchased by lay Gould ana Russ xa
sage who Toa Ine for Ioad years to
the international and Great Northern Railroad
ana thereunder Of the galveston Hous
ton and Henderson road by the international ah h
G STe:n Gndcr the lease the road be
came part , Of G T1sdr sT Paei6c
In lsS Texas instituted proceedinss TO forfeit the
rsna OF the ivadty of the lease road
.shs Missouri Kansas and Texas and Gould I'M,
,pediatelv dissolved the missouri Paclnc system
NV rancslling ali the above men Toned leases except
that the Galveston HoustoH ana aenasts S the he
latter road retained and under which IT TO-DAY hous
and Claims possess on. Receiveishps ioLo"eu anu
i'm 1852 the Irterna tiOnal resumed possession.
In 1892 a new board of directors. anlagonlsuc 70
the Gould interest. elected by the missouri
Kansas and Texas Company. ana then followed
negota tons looking to the cancellation OF the Lease
~ the Galveston. Houston and Henderson 10 tle
International and Great Northern. the Missouri
Kansas and Texas having acquired al the capital
stock of the Galveston. Houston and Henderson IN
the settlements with Gould and being owner OF the
property. These negotiations failed and the next
move was the first step in the aggressive litigation
by which the katy that is, the Missouri Kansas
ternatona and secure for its line ngsought out
LOT he (suf