The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-01

using the same have q right to demand
view of the advanced civilization of the 4
and the constant improvement in railr
apparatus now going on; that under
iaws OF the State of Texas said ralfj
company Is without Right, power or n
thoiity to increase its bonded debt Or
amount of its capital stock for. the pur
OF making betterments or improvens5
10 Ills properties; that in order to place
railway of said defendant company IN
state of efficiency required by surroultdt
conditions, and by the interests of N
said property, said bondholders and
people making use of the same, an AMID
of not less than s3,5O0,o00 will, as u
orator is Uniformed, believes and ayers,
required
That among the more Important
more expensive of said Improvements \
bettermenis may be enumerated the &
lowing. to-wir:
Ca.) During the past four years
standard of efficiency upon railroads IN Z
State of Texas and elsewhere throughc4
the United States has been raised. and
weight of rolling stock very much
creased, requiring more solid and bea4
ballasted roadbeds and heavier rails Nd
than 800 miles OF the railways OF tho
lSiustiIt SOufpduy IIluSl FOTucT7
to the modern requirements arN etandasl
of efficiency, be reIaid with steel III
weighing seventy five pounds per yard,
a substitute for the very old and llgb.
rails Weighing less than fifty-six pouae
per yard with which the same are Il
laid. THAT said rails with the fastenknsI
frogs and switches appurterant to the sAn1
will cost about $1,20G.O00.
Obj THAT about 121 miles OF track OF G.
railways will require sting, the -
never having bsen ballasted or placed NJ
proper condition of firmness and sold,
for the efficient handling of the hNAJ
freights transported over aald railway
THAT said ballasting will. as your orator
advised and believes, cost about S1S5, 00Al
ic.) The said railways between Hsaf1
an. Denison, a distance of PSI miles, mu1
for the same reasons. be reballastei, q
same having been heretofore ballasted viz
material which has proved unsatisfasp5
md worthless. Said haliasting will,
your orator Is advised and ayers, "a
about $4,000.
Id Additional and double track facBI
ties will be required at houston from q
Central Union depot to .ehaney Junetd
and Houston Heights, which work Will, |
your orator is advised and AYERS, cost abos
$4,000.
LED New bridges Will be required z
various points along the line OF said raj
ways, new masonry work. new building
transfer sheds, roundhouses, depots az
water stations. the aggregate cost of
of which bettermenrs and improvement
will, as your orator is advised and belleye
cost about $4,000.
I'd That the said railroad company mul
and Us required by law and the rulings
the interstate commerce commission
equip it's cars with alrbrakes and aut
matte couplers; that 1t Is also applyia
steam heat 70 its cars, building six NJ
passenger coaches, 500 new stable cars q
rebuilding twenty locomotives. building 8
new freight cars; that your orator Is q
vsed and AYERS that the total cost 4
placing the said equipment OF said railroe
in proper and necessary condition. In vie
Of more modern requirements. will 60
about $40. 900.
Your orator further avers. in explanatlo
of the large amount required for tmproyi
ments aud beptermenfs as aforesaid tM
during many years past tho railways OF p
defendant company have. with rare exec
tlons, shown n deficit In the amount
quired to pay necessary operating expenss
and interest on tho bonded Indebtedness
said railroad company. That said raalroai
have therefore been msnaged and COZ
Quoted in the most economical manner pol
could be postponed or avoided have by
POSTPONED and avoided in the hope that Y
earnings of said railways would incrss!
so as to allow larger, expenditures for ~
improvements and bebterments. That
result OF said policy the deficit In q
amount required to meet the operating q
penses and interest on the bonded indsH
edress OF said railways has for many yss1
past been smaller than 1t would have be-
II said railroad company had expended upo
improvements and Sssi'termSnfs such su
as was not only justifhable but demand
by the conditions of its railways, -
that In the year where there was an q
parent surplus Of earnings o.
REQUIRED for the rayinent Of interest atof!
said. The said surplus would not have e
listed II said railroad compnnv had expspa
ed such amounts as were not Only 1usp
fable hut dsmanded by the condition
Its property That rs result of tn" 10y
rre TO annually set aside and devote sue
sums to bet.ermants and Improvement
the amount nov reuuinod for said y*fpQ
i necessarily larger than 1t moufA nay
been had u besa distributed over q ser'
OF years: but that Is extremely mcdcrs .
in View OF the large mileiss and imnnrtel
Character OF the railwavI belonging 70 i
defendant coninanv. and that the exuan1
ture of said sum OF $500. 900 Is neressa'
and proper and Is fairly and Justly charSl
able 70 the current int ome of the defenda'
railroad company.
Tenth. Your orator AYERS that each ~
ALI 81 the tariffs. rates. charges and class
fcatiors described nv said defen 'un. ri
read company In force al the lime wa
said commission act of Anril 3. 1891 ~
adnpsed by the legislature of the state
Texas ana when Tho several tsriffs ~ {