El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-11-21
THE BEET-SUGAR FACTORY.
PECOS. TEX.

pECOS. TEX.
The Texas Presbyterian University
Progress Made In the Enter
prise-The Purchaser OF School
Lands Refuses to Pay the Inter-
est-lmmense Cattle Interests
adjournment OF Court.
Special Correspondence of the HERALD.
PECOS, Nov. 18.-Rev. w. b. Cla-
gett. of Dallas, president of the board
of trustees of the Texas Presbyterian
University, has recently returned from
New York, where he was lsbOring in
the interest Of their university soon to
be located and erected somewhere
within the border of this state. The
university is founded as a memorial to
celebrate the semi-centennial of the
admission of Texas and the southwest
into the union of states. It is claimed
ment thus far designed to commemor-
ats this important event.
It is intended to raise an endowment
of two million dollars-one half of this
amount to be raised in the state and
the remainder from outside sources.
TIE school will be geographically TO-
Gated during the coming year, suppos-
eddy at the present time somewhere in
north-central Texas.
Up to this time about S75, 900 has
been provided for by the citizens of
this state, and in addition to this
amount sufficient of outside help has
been su bsoribed to run the amount up
to nearly S95, 900.
The charter requires that active
work In locating and building shall not
be begun until 100000 shall have
been fully provided for as permanent
endowment, and the charter further
or under any circumstance be incur
red upon the educational enterprise.
Since almost the entire preliminary
endowment amount has now been
provided for imm ediate command, it is
likely that the work of location,
plans and construction will be hasten
ed and that this monument of educa-
ton will soon assume form and visi-
bility.
1t is intended that the school shall
be co-educational in its character, and
that the Bible shall occupy the fret
place among the text books in the
course of study. 1t is also provided in
the charter that no debt can ever be
incurred by the university, and
provision must be made in advance
for meeting the responsibility of every
pense be incurred.
The division between the
northern and southern wings
of the Presbyterian church is
utterly ignored in the charter, and the
m ajority of the trustees are provided
to be chosen from among practical
business men not engaged in the act
i've work of the ministry.
THE SCHOOL FUND.
Reeves county in 1886 had the good
fortune to make favorable disposition
OF quite large body of school lands
in what is known as the Pan Handle of
Texas. About IL, 600 acres in one body
were sold, going to the highest bidder,
at $1.21 per acre. The sale was nego-
tiated on thirty years time, with in
terest at per cent per anuum. The
interest has been regularly paid for
thirteen years past by the owner of
the lands, but he has recently conclud-
ed that the investment is not good
one and refuses longer TO pay the an
has paid far more than the land is
worth and that the county could afford
to make him q present of the land un-
der question. This the county refuses
to do, considering that the purchaser
has had the benefits consequent upon
possession of the lands since their pur-
chase.
The amount of interest money is
about S11O0 per annum, and goes into
the school fund. This fact has had
much to do with giving Reeves county
the possibility of it's splendid advan-
tages in acquiring school privileges,
for it has had ample friends for
use in accomplishing every purpose in
school work. The fund has amounted
to something like $50 per pu oil, and this
gives superior advantages in carrying
On the educational work of the county.
1t remains to be seen what will be
done in this case and whether the pres
ent owner of these school lands will be
forced to continue his ownership
aud meet the accruing interest an
nually, or whether he will be permitted
to relieve himself of further obliea-
ton.
FORTY THOUSAND CATTLE.
The Reynolds Land and Cattle COM
pany, at Kent, on Tuesday made ship
ment of four hundred head of beef
cattle. However, before being landed
in the market the cattle will be detain-
ed in Cisco aud fed for about sixty or
ninety days for fattening. Also one
thousand head of cattle from this same
ranch are now being transferred to the
other range owned by this company at
Pecos. comprising about twenty-five
square miles of acreage.
There still remain on the Kent
ranch about 5000 more cattle await
ing future market. This is quite a
large racpe. HAVING An area 0f twapfv-