El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-12-30
WHY TEXAS
IS CHOSEN
As the First Field Of Opera
tons Of the
SILENT BROTHERHOOD

FL paso's Prospects OF Being TIN
Starting Place OF the Big En-
campment Are Good.
In detailing to a reporter for thu
HERALD why Texas has been chosen
as the first field of operations of thu
Silent Brotherhood, Daniel Yorl
also expressed his belief that Ell Past
would be the starting point.of the en-
campment which is to GROSS the con-
tinent and be pitched in Paris, France
next summer, with detail of Roose-
velt's rough riders as its guards.
The Silent Brotherhood is an or
ganization founded by Mr.. York
sea of secret societies Ell and ID 9th
ers. It controls an important rail-
road invention around which the mem
beers are crystalized on an economical
basis. The pick and flower of the
five million fra,ernal men OF the
United States were drawn on for
mem bership and an encampment is to
be sent out next summer to further
organize the brotherhood.
The chiefs of the organization have
studied the corporation laws OF every
state in the union and found none go
admirably adapted to their purpose as
the laws of Massachusetts and of Texas.
The vast undeveloped resources OF
Texas, Arizona and old and New Mex
leo, however, place this section
stock and bond law as a basis of Or
ganization they will begin operations
in this state.
"Honest men," said a member of Mr..
York's party, "approveof thatlaw, how
ever speculative projectors may re-
gard it. A careful inspection of the
law shows that each aud every bond
issued must bear the endorsement of
the secretary of state under his seal of
Office and his official signature and that
bonds can only be issued for thirty
years at not over six per cent per an
mum, and cannot be issued over and
above the reasonable value of the rail-
road property, thereby eliminating any
false value, or what is commonly known
as wstered bonds.
''The law has been carefully studied
by the lawmakers OF the state of Mas
sachusetts and has been embodied in
the statutes of that state. It includes
In addition to railroad bonds, the issu-
ance of bonds on canals, dams and
other enterprises of public nature. |
The careful examination by the rail-
are issued on the basis of the cost of |
constructing q certain grade, with . |
certain kind of material and of GER
tain standard of excellence to insure |
the minimum expense OF working and |
. reasonable profit to the constructors, |
leaves no opportunity for injection of |
water in them.
Rineering,' in an article says: thus
5000 miles or 60 have already been
valued, and the average worth ia $15,-
600 per mile, beyond which the prop
erty cannot be bonded. The new leg
islation has been opposed on the plea
that tie effect is to discourage the con-
s.ruction of railways and the invest
But, as "a matter of fact, the legisla-
tion, which has been in force four
years, tends to encourage Investments
IS it insures the carrying forward OF
lines which have prospect of traffic
and at fair cost of construction, dis
eouraging speculative lines, such as
We have incidentally referred to.
enable freight rates. It is the
guarantee which is given by this
legislation that is necessary to re-
assure the investing public in ali the
state railways. Conservative men,
and ever men of pessimistic proclivi-
ties ad NIT the potency of the argument
advanced in favor of the stock and
4
railroad building in this state is at {
hand' {
''Tbe prOtests tions of capitalists to 6
5he effect that the roads now in opera {
ion are not paying Ia true. Under the &
present mode of financial operation,
carrying heavy load of fictitious
values, they never will pay. But any ,
bay is a senseless fallacy based on q ;
weak foundation. Roads ODerate0 l
lnder the new system will pay and
Nowhere better than in Texas. Here
g a report" Mr.. MacDopald added,
which sets forth a few interesting t
POINTS" and the reporter read and was q
to copy the following: I
REPORT ON TEXAS. l
''DEAR SIRs AND BROTHERS: Your a
in reports made
uring the five years of their service,
ave fully covered every point OF n
heir observations and in r
estigstions throughout the United -
tstes and Canada. Ten ~
,arks (the highest number) have - -
cen set against the name of the =.
real pleasure that we close our wor
18th the report that we unanimously
,lect Texas "a the first field of opera re
ons of the Silent Brotherhood. Texas &C
/ an empire in itself, and, when as &C
ensely populated as New York state 81
J.. it will he the home of nearly 3d. N
DO. 600 Inhabitants. Its area is so re
reat that the New England states, G.
ew York, fennsylvsnia, Ohio, In pr
ia ma, Maryland, Delaware and New ar
ersey combined, could be contained pr
thin its borders. For the informa dr.
on of our European associates we
Guild add the fact that it is equal in -.
'ea to the British Isles, Holland, Sr