The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-23


seaumont north to Newtonville. distance
Vi ABOUT sixty miles. II is chartered 10
e rn ehrousn various counties TO the north
r p boundary of the State. The Gulf.
beaumont and Northern railway is char
tI.,,a. 70 run through and occupy suhstan-
.iAliy me same territory, but as vet has
CONNECTED no part OF Its road.
rms BILL authorizes the Gulf, Beau
mont and Kansas City Railway company
20 purenase. own and operate the line au
tnorlSed TO be built under the charter ~
the Gulf Beaumont and Northern rs,iwsv
charter. i'i'Mas
=; me provise TO section / prevents the
puilaing OF both lines OF road
4. section provides that in case this
ssle ana purchase is made that the bonds
VI me new built road shall be issued by
tne Gulf, Beaumont and Kansas City Rail-
nay COMPANY In the name of the Gulf.
beaumont and Northern railway. In
amount equal to the value of the prom
cry and bond law; all existing bonds on
SAID Gulf, Beaumont and Northern rail-
way to be Cancelled. At present there are
no. such bonds.
Q. Section of this bill provides that
py the acceptance OF the provisions of this
ACT. the Gulf Beaumont ana Kansas City
hailway company agrees to abide by the
rates, rules and regulations of the rail-
road commission until tho same are set
1 aside by court OF competent iurisdle-
tlon on final hearing
.. After careful consideration OF the
Dill we can find no objection TO its he
coming a law. Very respectfully.
John II. REAGAN. Chairman.
l.. j. Storey, Commissioner.
flee. '''e VI
Railroad Commission Of Texas Austin
Texas. May Ex-Governor; Answering
your note transmitting to us senate bin
NO l44, with your request for our views
thereon. we have to say that we have ex-
amined the bill and are not aware OF any
constitutional objection to IT, Its provis-
ions for the building and bonding of a
railway from Cedar station. In kaufman
county, to Rockland, in Tyler county about
l6O or 40 miles in length. coupled with
the valuation OF the sale of the Sabine
and East Texas railway to the Texas and
New orleans Railway company, aud with
Ine purchase by that corporation OF the
ieHas Trunk railroad. would secure a
direct one line and one rate railway from
the city of Dallas, occupying its central
position in the great agricultural part of
the state, to and through the heart of
the great pine region OF Eastern Texas
and TO Sabine Pass. crossing in its course
the Texas Midland railroad in Kaufman
county, the Cotton Belt in Henderson
county, the international in Anderson
county. the Houston Dast and West Texas
in Trinity county. and the Texas ana New
orleans at Beaumont. This could not
fall to be valuable road. passing through
a country where 1t is much needed, and
would accommodate the necessities of
many thousands of people.
NO harm could result from the con-
frmation of the sale of the Sabine and
East Texas road to the Texas and New
Orleans company.
In the purchase OF the Texas Trunk rail.
road by the Texas and New Orleans com
Dany no cancellation OF the stock and
bonds OF the Texas Trunk railroad would
be necessary, as this road and its prop
erty and franchises has been sold at forced
sale and its stock and bonds annulled by
the court. But bonds may be issued on it
equal to the value placed on 1t by the
commission.
This bill also authorizes che Texas and
New Orleans company to purchase the
Louisiana Western Extension railway
This road extends from the town OF
orange where 1t connects with the Texas
and New Orleans road. to the Sabine river.
a distance of $40 miles Ii has outgtand-
ms atuNh anu UpUuS 10 the amount of
$lS4,OOO. 1t has been valued by this com.
mission at Sl09.551.1S. The cancellation
OF its stock and bonds provided for In
thls Dill, and the issue by it, under the
authority of this commission, OF bonds
equal IN amount to It's value would re-
duce its liabilities by the sum of S74,-
44s'S2' The merging of this short piece of
road into the longer one would reduce
the expense to the corporation by max
Ing one report and one set of accounts
take the place OF two, and 1t would re-
duce the freight charges to the patrons
OF these roads by securing to them a sin
gle line rate instead of a rate over two
lines of road.
1t will be observed that section of
this bill provides for the repeal of so
much of the charter. or of any special
law heretofore enacted as authorizes or
empowers. or which may be construed as
to authorize or empower. the Texas and
New Orleans company to consolidate its
stock, property and franchises with, or
IN any way control. any railroad corpora
ton owning or having under it's control a
parallel or competing line; or to con-
solidate by private or judicial sale or
otherwise with any railroad company or
ganized under the laws of this or any
other State. or of the United States
The Texas and New Orleans railroad
went under different names authorized by
law until 1t became the Texas and New
Orleans Railroad company, and this eighth
section repeats any laws and authority
which at one time authorized and empow-
cred the Texas and New Orleans Railroad
company to accept Of or act under the
act Of the legislature of the State of
louisiana Incorporating 1t in that State
The authority thus conferred was never
carried out This bill repeals all laws
heretofore passed authorizing It to con-
solidate with any connecting railway. or
to merge itself into such other company.
This bill also provides that the sew
ersl railways which it authorizes the Texas
and New Orleans company TO purchase,
and the road to be built under its au-
thority. shall not be subject to any mort
cages heretofore executed by the Texas
and New Orleans company
This bill also REQUIRES the Texas and
New Orleans company to pay within six
ty days after this act becomes a law. TO
the American National bank at Dallas.
Texas the sum of $4,000 to be applied 10
the payment OF certain claims for labor
heretofore done on the Texas Trunk road.
and 1t prohibits the Texas and New or
leans company from demanding or receiy
ing bonus or donation for the new road