Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-05
RAILWAYS.
The Katy Again Goes
to Galveston.
SUIT AGAINST INTERNATIONAL HAS
nEEs COMPROMISED.
A JOINT OWNERSHIP.
OF GALVESTON, HOUSTON AND HEN
DEnsoy SETTLES TuE LONG
AND nirTEH LITIGATION.
The Katy Conf-rs Joint Owncrsnip
In ne:arn for Cancellation of
thc 90 Year. Lease.

General Passenger Agent w. q. Crush
OF the Kety can have another oae with
the citizens OF Calves on.
The long fight betweea the Inte"na.
tional and Great Northern and the Mis-
souri,. Kansas and Texas over the pos
session Of the Galveston. Houston and
Henderson has been compromised.
The road in question. which has been
the bone OF contention between thes /,
two lines. extends from Galveston 10
Houston. and fas been operated for
number OF years under the terms OF
a w years lease. made by jay Gould,
prior to his demise. Under the terms OF
this agreement the International and
Great Northern assumed the payment
of the interest on the bonded indebted
ness OF the Galveston. Houston and
Henderson. and that line became viz
tually part and parcel of the Inter-
national and Great Northern.
The arrangement afforded the Inter-
national and Great Northern an en-
trance Into Galveston. and gave the
Gould Interests an outlet at gulf port
IN addition to the one ut New Orleans.
1t was looked upon as u stroke of great
sagaclty on the part OF Mr., Gould, and
the passage Of time has but served to
give further evidence of the wisdom
OF his action.
The Missouri. Kansas and Texas f.
one OF the most aggressive systems OF
railway In the Southwest, and for Il
number of years had been looking for
gulf outlet. and built south to Hous-
ton. IL dnwned upon the Katy people
that they needed that Galveston, Hous-
ton anu Henderson line In their bust
ness. and they proceeded to buy up its
stock. Then came show down with
the Gould people, and the Katy was re-
peatedly worsted.
An agreement has just been patched
up between the two companies which
gives the Katy an entrance into CAL
weston ana puts an end to the litiga-
ton between the two companies. II IL
understood that the Katy by the terms
OF the agreement makes the Interna-
tional and Great Northern present
OF one-halr the stock OF the Galveston,
Houston and Henderson. The Interna
tional ana Great Northern In return
Tor this munihcence agrees to the can
collation. OF tho ~ years lease, and
assumes the payment OF one-half the
annual interest and expense OF the
Joint line,
In other words the Galveston. Hous-
ton and Henderson by the arrangement
becomes the Joint property Of the In
tcrnatlonnl and Great Northern and
the Missouri. Kansas and Texas, and
VIII be operated hy both companies at
an equal cost and expense TO each.
The adjustment of the difficulty Is
perhaps advantageous to both inter
ests. but well Informed railway people
In this city seem 10 think the Katy
obtained the best OF the bargain II n
true that line virtually presented Its
rival with half OF the property In CON
trOVeray, but when all OF that property
lssNa L. at 4.
for nearly one hundred years It involv-
ed period of waiting neither pleasant
nor profitable. On the other hand.
while at first glance 1t would appear
that compromise was an evidence Of
fear on the part OF the International
and Great Northern In the stability OF
Its lease. yet by the abrogatlon OF that
document perpetual and bona tide own
ership OF one-half OF the property was
guaranteed, together with tho saving
of one-half OF annual interest payments
and expense account.
Under the terms OF the new agree.
ment the international and Great
Northern will lose the haul of all its
rivars business between Houston and
Galveston. as the Katy, Instead az q
Houston connection OF the Information
al and Great Northern. becomes Ito
competitor for all Galveston busincgg
Taking this view OF the matter II
would appear that the international
and Great Northern has been Or VIII
he a considerable sufforor by tho mr.
rangcment.
II IL understood that the new deal
viii 20 into effect Just rs soon as the
necessary arrangements can he made
and Katy trains Will soon be making
fast time through between Galveston
and ST, Louis. 1t IL n most happy ar.
rangement for the Katy people, and
they are rejoicing muchly over the turn
of aftalrg.
The last time General Passenger
Agent Crush was In Fort Worth he
told the Gazette representative that
things were coming the Klty's way
and whom It came to the final show
down Katy trains would 20 into Calves
ton. In the light OF developments ir
the situation II n evident Mr.. Crush
knew lust what he was talking about.
" 10 not 20 he doubted that upon IN,
occasion OF Mr.. Crush's next visit Il
Galveston. which evidently will he "
the near future there will be an indulg.
ing In smiles and other features Of
celebration over the second and flna'
advent OF the Katy.