The Daily Hesperian (Gainesville, Tex.), Vol. 13, No. 128, Ed. 1 Sunday, May 8, 1892 Page: 4 of 4
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TK*
LD'S
WfSm
LATOR
LATO* C6.,
\
TIMS CARD.
msivm. and depasture of trains
irhovu. kansas * tim.
rUMMH.
■OITI, BAST A*D SOUTH.:
if. M, Lr *soa m
No. Tt. Lv i W ,>ii,
WBS1
Ita. 17.LT
Ho. 77. Lf. • - • • ......
II*. U le the fast express
St. Unit, Chleago and th« Kastera points, aim
■akw llraol connections at Whitesboro * Itb
Ik* through Memphis train and Its southeast
•n toaMotton* At Dalles for points to and
via Shrwveport. New Orleans, Houston and
4:M p in
1:30 p
train for Kansas l it j
la Tt makes dhe^t nonneetlons at Whltee
ton with through (rain for fort Worth, W aco
igMla, Aatenlo aid Aransas ra*s and
MBti IR Southern Texas. connect* wltl.
Uiauft "Chicago IJmlied" at t»enlson, carry
*•1 tkroofh Pullman Palace Buffet sleeping
MM) Improved ooez-lies and chair cara for
Kaaaae City, ft Louis. Chicago, (without
ckaam) rt Mmlth, ljttle Kock and Kaunas
and Arkansas points.
Ne. )7 make* direct connections at Henrlet
ta for PashaadW poutu la a through trail.
MOokmd*. California, Washington and all
E'^lla west, making direct connection will
• ttil through train at liearletta for Puebk
itd Dfiftr.
A perfect passenger servloe and all that per
UtM to (julca and oomiortable transporta-
tion bWwMa Gainesville and Denlson, Par
eoaa, Pt. Soott, HedaJla. Chicago, St. 1-ouli-
lad "l Olty and ww«m Gainesville
and Dallaa, rt. Worth, Austin, Han Antonio
Meesphls, Shrevepon and New Orieana
Double dally train service tollman Buffet
fur cheep ratea, sleeping aei vice, map* and
IBM card*. Address,
P. H. Main, Ticket Agt.
FAST TIME SANTA Fe Route
Golf, Colorado and Santa Ye R'y.
Ho, 10
Worth
Bound
»
Stations^
No. 1.
Houth
Bound
No. »
• ••••e••
Leate
kM am
l:«am
t® pa
Mw
LtaVo
• W am
S 10 pm
tt 10 pm
10 to pm
S 00 am
tra pm
Arrive
• 10 am
Arrive
7 h m
Galveston
Temple
Fort Worth
Galneevlle
Puree II
KanaaMCtty
Chloaco
l.oiil«
Arrive
10 4A pin
1 SO pin
X SO an.
• 15 am
1 VS am
8 SO am
l.*ave
6 00 pm
Arrive
» So pm
t 66 pm
II S9 am
leave
7 Jft am
*
Leave i
S 1ft pm Temple
Arrive :
SHOamlHan Anrolo
Arrlvo
1 40 put
leave
1 10 arr»
eetti••ei
eeee**«e«
eouth, aaat and wnat Cheap rates to Oal'for-
nla. Oregoa and Washington To l>cnver In
M hoara, San Praoclaco In H* hour* and Port
land, Oiwni, In Iffi houra.
The fhst veetlhnle nipnuu hotwe..n Kansa*
Cltr Oh loa*o and Denver am the handsomest
la the world, and their service ta acknowl
edged to he the oompleteet, safest and moat
Pullman Palace Bullet Sleeping dart ho
tweed Oalveeton an.l Kansas Olty on trains
Hoe. 1 and 2, and connecting at Kens City with
-- - ------ i\,
the Saota Fa Pant limited Veatlbnle
foi
City «
train
Chicago. The <iulckest time rrom Tutaa to
the north and eaat la made via thla populai
Uitti All elaaaaa of European ateamahlp tick
Mi (outward or prepaid aotd at lower rate*,
lad all Information furnished on application
r. J. (intea. Ticket Agent Gainesville
. U Taowrso*. Q.
Ion. Tazaa.'
P. and T Agent, Galvee
Oevsets, and Trade Marks obtained, and all Pat-
ent boslnea. conducted for Moderats Feat.
Oar OMoe It Oppestts U S Patent Oflca.
awl we ran secure patent In leaa time thaii those
remote from Wsahingtnn.
" d model, drawing or photo., with deacrlp-
Wa advlae. If patentable or not, free of
Our fee not one till pslrnt la secured
mpfclst. "How to Obtain Patents," wltk
of actual cllsnt* In your State, county, or
awn. Hot free. Addreaa,
C. A.SNOW A CO.
Oeeeaita Patent Office. Wsshiagtoe. 0 C-
<Aargs
A Pi!
5500 A.cre« Land.
For cuton ten years time, at ♦<>
per acre, cash payment 161 per
o«nt. balance in ten equal pay-
m«nta,9 per cent, interest. Land
•itaated ia Ooncho connty,twelve
■lies east of Paint Kock, Texas,
of Ooncho connty,
Tes Hontb of Bal-
lia^er, on ths waters of tbe Con-
cho rivar, suitable for farm or
raneh pnrposes. Title perfect.
For pailioalara call on or write to
W. W. Howkth,
Gainesville, Texas,
or W. T. Mrlton,
Paint Bock, Texas.
bnoinbbrino in montana.
Henry I. McDaniel, ex-eity en
of Atlanta, now in charge
or go?Srnment engineering in
Montana territory, says that he
contracted a terrible coagh whiob
physician conld relieve, bnt
waa cored by Taylor's Cherokee
Bamedy of Sweet Uurn and Mnl-
lein.
Mr. Randall Pope, the retired
druggist of Madiaon, Pla, says
oember 3, 1889) he regards P
—' (Priekly Ash, Poke Root and
Potaasinm) aa the best alterative
.en the market and that he has seen
nere beneficial results from tbe
nae of it than any other blood
medicine.
MOTHBR8 FRI8ND
Uthe greatest blesaing ever of-
fered child-bearing women. 1
hare been a midwife many years,
Md in each caae where Mother's
Friend haa been need, it haa ac-
lished wonders and relieved
suffering. It is the best
remedy for rising of the breast
known, and worth the price for
that alone. Mrs. M. A. Brewster.
Ko«tfomery, Ala. Sold by all
druggists. 6
I
to Memphis
torn.
K. & T. railway will tell
trip tioketa to Memphis
lA, II Md 12, limited to May
will ai«o sail May l® Md
to Jane 1, at one fare
trip.
AT.
*0a. aai
1
to my inquiry M
time of oar nt*rting on
•xpsdition the D«xt day that
probably be about eleven in the
; we would, therefore, have
time to settle the particolara of
one before the hoar of action ar-
▲t parting abe clang to tne with
peculiar teoderneaa; nor had ! ever loved
her ao well m at that moment, when I
looked forward to liberating her forever
from the evil spell that had been blight-
ing her young life.
After she had gone I had the cariosity
to examine the bolt on the door. Tbe
explanation of its mysterioos opening
proved simple enough. The screws
whereby the socket of the bolt had been
fastened to the door frame had been re-
moved. and tbe holes so enlarged that
they ooald be slipped in and out without
difficulty. Socket and screws had then
been replaced, so that the bolt could be
shot as readily as before. Bnt the securi
ty was only an illusion, for, the latch
being turned, a slight push would bring
away tbe socket and screws attached to
the bolt, and thus the supposed means
of safety be ingeniously used to disguise
the real absence thereof.
CHAPTER V11L
/X
Shirk had thr&wn himself toionrd me.
It occurred to me the next morning
that, considering the nature of the work
that was cut mit for me, it might be pru-
dent to depart from my uaual custom by
leaving the diamonds at home in Chris-
tina's charge, as she had herself sug
gested, and 1 took the earliest opportu-
nity of mentioning this proposal to Kate.
To my surprise she at once expressed a
decided dissent from the arrangement,
and indeed seemed so much perturbed
by it that I at once relinquished the
idea. But 1 begged her to tell me tbe
reasons of her objection.
"Not now." she said hastily; "I hear
papa coming; wait till after breakfast
and then you shall know."
Wo were standing at the gate of the
courtyard, breathing the fresh morning
air. She left me and returned to tho
house, whence Mr. Dirchmore almost
immediately i?jued and saluted ine with
more than his usual cordiality. I won-
dered what his behavior would have
been had ho known of the transactions
of th - past night or of what was in store
for i» 'luring the day. tie began to talk
about Kohlstein, and related several
anecdotes of the bandits by whom it waa
said formerly to have been inhabited.
•'I havo been u;> there more than
once," he remarked, "and the traces of
their occupation ore still visible. I re-
member one feature that particularly
impressed uie—a narrow cleft or ch;ism
of considerable depth, into which the
old fellows are said to have thrown their
prisoners wl.on they became refractory
"Would tho fall kill them?"
"1 should say not; the bottom seemed
full of chopped brushwood and other
such rubbis'j. But no human being
oould have got out unaided, and proba-
bly a day or two's lonely sojourn there
would bring the most resolute malcon-
tent to terms. It would be a ghastly
fate to fall in there nowadays, anil ha > *
otwfta skeleton fished out again the fol-
lowing year perhaps, and a sensational
paragraph in the newspapers. You
young folks must pick your steps care-
fully today."
"Forewarned is forearmed!" rejoined
I, with a short laugh. Further conver-
sation was cut short by a summons to
breakfast. On this occasion Slurk wait-
ed at table, and I observed him with
more than usual attention and tolera-
tion, as one with whom I was soon to
try desperate conclusions. He was cer-
tainly a villainous looking character;
but he appeared to be, for reasons best
known to himself, in excellent spirits
this morning—a circumstance which
stirred up an unwilling kind of compa*
■ion within me, reflecting what a speedy
and final end was going to be put to all
his possibilities of enjoyment. Vile
though his life had been, it was the
only one he had.
Kate likewise had the semblance of
unusual gayety, but I could see that it
was either feigned or the result of nerv
ous excitement And my judgment was
justified when after breakfast she over-
took me as 1 was on the way up stairs to
my room to make my final preparations,
and said, in a voice unsteady with emo-
tion:
"Tom, dear, you asked me why yon
might not leave your diamonds with
Christina. You do not know what
danger you were in last night! On my
way bock to my room I hoard two peo-
ple talking together, and tbey mentioned
your name, ao I stopped and listened.
One said, "The bolt is all right: 1 had
better go in and risk it; he'll be certain
to be asleep by this timef And then the
other said: "He hits liis revolver; leave it
to me; he believes he can trust me. To-
morrow. when ho goes out, I'll get him
to leave them with me for safety!" and
then they both laughed. My darling,
this house is a den of thieves!"
"Wero the persons you beard—who
were they?"
"Christina and that creature she calls
her father. Hush! There she cornea
She must not see us together," and in a
moment Kate had glided away. I went
on up the stairs with a heavy heart. 1
would almost rather not have heard this
last revelation. My confidence in my
penetration had received a humiliating
•bock. To think that Christina's inno-
cent face and modest, maidenly air con-
cealed the heart of a thief, or, wors#
■till, of a decoy dock, was a blow to my
vanity as well as to my faith in human
nature How artful she had been when
I fancied her most ingenuous and kind I
And then it all at once flashed upon
me—what if Heinrich Rudolph himself
were tn the plot? What if he had written
thoin to be on tbe outlook for me. and
what if Slurk, l**ing secretly in league
with him, had contrived to get the
Birchmorea and me along with them
into this boose, intending to divide the
spoil with Herr Rudolph and Christina?
Many signs seemed to point to this as a
true deduction, from the circumstances,
and even as 1 was rather grimly ooosid-
ering the matter, a new confirmation of
■*r-
t "It was for
■ake"- she began, bat I interrupted her
"Do you remember What I said yeater-
day?—that 1 went armed; well. I am
armed today, and whoever tries to teach
me bow to take care of my diamonds
may happen to get a bullet instead; so
let him beware. If Herr Rudolph is
anxious about me, you can toll him that!"
"Herr (iainsboruugh will be sorry to
have spoken so," said Christina, coloring
deeply, snd with tremulous hp.
"1 am sorry to have to say it, Chris-
tina. But can you toll me bow the bolt
of this door came to be in this condi-
tion?'" and 1 pulled out the loose socket
as 1 spoke and the screws fell to the floor.
"Indeed,1 did not know this ("exclaimed
she; but the dismay and confusion which
were but too plainly visible on her faow
belied her words.
"You will understand, however, that
a house whose fastenings are so much
out of order would not be a proper place
to keep treasures in. Well, goodby, Chris-
tina. 1 am goiag to Kohlstein, and
probably 1 aha'n't spend another night
here. When you write to your brother
in Paris you may tell him that tbe dia-
monds are quite s&ft., though they may
have been iu danger."
"Will Herr Uaiusoorough let me say-
one word/"
"It's too late—1 have no time," re-
turned 1, with an emphasis all the moie
coldly contemptuous because of the se-
cret inclination 1 felt—in view of her
youth and prettiness—to be compassion-
ate and fonnving: and perhaps I was
half sorry that she attempted no further
self vindication, but, obeying my ges-
ture of dismissal, passed out of the door
and down the passage, with her bare
feet, and her blue eyes downcast and no
backard glance. When she was gone 1
shut the door in no enviable mood and
walked to and fro about my room like a
surly bull in a pound. For the first
though not for the last time 1 heartily
cursed the diamonds; they seemed to
raise the devil wherever I carried them.
In the midst of my anathemas Mr. Birch-
more knocked at the door and told me
that everything was ready down stairs
for the start.
"And, by the by, Gainsborough," he
added, with one of his point blank, icy
glances, "1 have arranged that our lag
gage shall be removed today, and if yc
leave yours here I advise you to Beal it
up in my presence. 1 found the lock r*
my door in rather a strange conditioc
this morning. 1 have my own opinion
of what our landlord may be."
"Who recommended you to this plac,
Mr. Birch more?" I demanded curtly, for
I was getting to feel something like con-
tempt for my intended father-in-law
It is not easy to respect a man who.
under whatever stress of circumstances,
allows another man to make a slave o(
him.
"It was that fellow Slurk, and ho tie
serves a good horsewhipping for it!" re-
plied Dirchmore, thrusting his hand*
resolutely into his pockets.
"1 think he deserves at least that,
rejoined, with a significant laugh, "and
whenever you're inclined to operate oi.
him I'll stand by you."
Mr. Birchmoro said no more, and we
went down stairs in silence. Kate wa<•
already seated in the carriage Slurk
was on the box, with a large basket con
taining our provisions for the day be
side him. Mr. Birchruore and I took out
places—one of us, at least, with a beav\
heart. Tho landlord stood at the dooi
and nodded us a surly farewell.
"Where is Christina?^ 1 asked him
"She hits gone to the town to sel I egjjh
did the Herr want anything?*'
"I should liked to have sent for n
screwdriver, but probably 1 can get one
on our way back," was my answer and
with that we drove away.
In about half an hour, proceeding t>y
unfrequented roads, we came In Right of
Kohlstein. It was a vast four sideti
mass of gray rock, seamed with dee|
clefts and lissnres running horizontal^
and vertically, so that it appeared tr
have been built of gigantic blocks of
stone. It was considerably over one
hundred feet in sheer height, and it
stood upon a rising ground of shifting
sand. Slender trees grew here and there
out of the crevices of its headlong sides-
and straggled nakedly along its leve.
summit, outlined against the sky It
was an ideal place for a robber strong
hold; impregnable, certainly, to any at
tack save that of the heavest modern
artillery.
"We must get out and walk from here
remarked Mr. Birchmore. "There sonh
one way of getting to the top, and thatV
on the other side. I have got a toucl
of my rheumatics today and hard I >
think I shall be able to do the climbiug
However, that needn't interfere wit!
you young people, of course."
1 exchanged a covert look with Kate
as I helj*>d her to descend from the car
riage, and she pressed my hand and
smiled. I admired her courage as much
as I lamented the apparent lack of it in
her father. The horse having been an
harnessed and tethered where some cool
grass grew beside a stream, we struck
off across tho sandy npland; Slurk car
rying the big basket, Mr. Birchmore
walking with a rather feeble step neai
him, and Kate and I in front. It wa»-
an even hotter day than yesterday and
the tramp was a wearisome one. ba
the time we arrived at the foot of the
Stein, we were quite ready to rest a few
minutes in tho shadow of the rock, foi
coolness and breath.
"No, I can't do it!" said Mr. Birch
more, wiping his forehead and glancing
hopelessly up at the narrow white foot
path that seemed to mount almost
straight upward to the distant summit
"Just leave me here, with a few sand
wiches and a bottle of hock, and 1 shall
do very comfortably till you come back
It was certainly very arduous work
clambering np that ladderlike path
and 1 doubt whether Kate's determina
tion and mind would have held out had
the motive which urged us been merely
one of curiosity. But the top was gained
at last, and we threw ourselves down on
the dry grass to rest and to be fanned
by the welcome breeze that blew there
Slurk placed the basket In a little hoi
low where some bushes kept off the di
rect rays of the son and stretched bun *
self at full length beside it
"Now let us walk about," suggested
Kate, at length, in an undertone; "we
mast see what there is to be seen."
TO BE CONTINUED.
State Baengerfest at Dallas, Texas
The M., K. & T. railway will sell
tickets to Dallas and return May
8 to 13, Inolusive, limited to May
14 for return, at one fare for the
round trip. No change of oars
between Gainesville and Dallas.
13 F. H. Main, Ticket Agent.
^ atly Discussed by
Hon. R. R. Hazlewood.
Excursion to dan Antonio, Tex.
The M. K. & T. railway will toll
tickets to San Antonio May 11
and 12, limited to May Iff for re-
turn at one flue for the rowdtrip
tccount of trader's
sofiation.
Editor Hetptrian:
Knowing that the eotumna of
yonr valuable paper are always
open for the dltooamon of all
subjects of public concern I can
not forego the temptation to pre-
sent to the people of this senator-
ial district my view* upon some
of the leading issnes now before
the country.
At no time in our history have
so many serions questions agitat-
ed the minds of the people aa
now. While the people of one
section of our oountry are con-
tending for some measure which
they insist lies at the very foun-
dation of their prosperityjand hap-
piness, in another section this
same measure is being opposed
because its adoption would bring
ruin and distress.
In coming before the people as
a candidate for the office of state
senator I bope I shall not be
classed with tbe "calamity bowl
but no man can fail to
that there is among
rem
■MM
to the
r and do aa injury
but by restoring gate to
of *0,0001
or f 40,000 per mile more
I than it cost to baiid aad equip the
road, and amounting in the aggre-
era
see
tbe people a feeling of umest
and discontent, nut imag
inary or whimsical, but deep seat
ed and real and engendered bj
actual causes and conditions. A
physician of very ordinary ca-
pacity can tell when a patient in
ill, but only the skilled can tell
the exact nature of the illness and
always prescribe the best
edy.
The most bountiful crops ever
raiBed in Texas were raised last
year. About 6.000,000 bushels
of wheat raised was the
biggest crop ever in the
state until last year, wheD
our crop reached 15,000,000 bush
els. This wheat was marketed for
the best price realized in many
years. We raised a bigger com
crop than ever before; and, per
baps, tbe oat crop brought as
tnnch as that of any previous year,
and while cotton sold for less per
bale than any year since the war,
excess in the qnantity raised over
that of any previous year was suf
ticient to substantially offset tbe
redaction in price, and yet witb
natnre thus throwing wide open
her doors of plenty, the agricul-
tural, mechanical and commercial
interests of this country are reel-
ing aud stag/eriug under a de
pression they cannot much longer
enduie. The silent tread of pov-
erty and want is beard at tbe door
of the wage earners and their
homes are tbe abode of anxiet\
and despair.
Why is this t Certainly not be-
caase of extravagance and neglect
of business. Our business men
are as attentive as ever before.
Our farmers work as bard and
economize as closely. The la
borer is as willing to work and is
as worthy of bis hire as ever be-
fore. Why should men in a
spring of pnre water die of thirst f
Mr. Editor, there is, I insist,
some insidious, finely disguised
reptile gnawing at the vitals of
our material industries and if not
soon discovered and remedied
by legislation, state and national,
relief will be sought by some
method less pacific. No nation
of people has yet reached a point
in civilization so high as to en
dure intolerable wrongs and out-
rages imposed upon them by
their government, or made possi-
ble by its laws.
We search ancient and modern
history in vain for examples of
matchless wealth accumulated by
.Mr. Oould and others in the last
twenty years, aud we are told that
(or magnanimity, loftiness of
spirit, and for the blessings vouch
safed to its people no parallel to
this government can be found in
all the history of man, and yet
here in our own grand empire
state all kinds of business are
paralyzed, prosperity, happiness
and contentment are gone from
the land, and in their stead dis
content, unrest and dissatisfaction
reign, yet the same men are going
right on without hindrance and
without stint accumulating and
adding to their fortunes with the
same or in fact, to all appear-
ances with greater facility than
they did when all classes were
prosperous. How does this come
about! When Joseph told Pha-
raoh about that drouth that was
coming, tbe king, like a wise man,
went immediately to storing grain,
and could accumulate, because
there was then plenty in the land,
but if be bad waited nntil the
drouth bad come and the grana-
ries of the Egyptians were all
empty and want and starvation
stalked abroad, we imagine that
the Israelites would have had to
go elsewhere for bread, and while
judging from the aesistanoe
the old king had to
get from Joseph and from the
princely fortunes of Messrs.
Oould, Huntington and others of
the present day, that they are
greatly superior to that ancient
monareh in all tbe arts of amass-
ing wealth, we fail to understand
how Mr. Gould or any other Man
can, .without some nndoe advan-
tage, daily pnerease his wealth
by millions while the very people
from whom he draws his wealth
are in tbe midst of a financial
famine and grow poorer each day.
How does he garner so bounti-
fully during a famine t We hear
no complaint from him on aceount
of hard times.
Bnt 1 hear someone ssy that is
the old cry of the politician, "It is
an old ohestnaL" Well, it is a
truth, and
it k
Bat sa to the resssdy. This is
cut
red
out
the
eonftdenee, prosperity and ooo-
tentment among the people onee
aew enterprises wtn
spring up, life ; - fa s busi
will return, bope with
renewed energies will aoide with
all classes of laborers, the enmity
and strife now existing between
labor and eapital will give piaoo
to friendship and to a desire to
build np a common country with
ail of its industries and enter-
prises for mutual benefit and com-
mon good; and in thla bettered
oondltion of things the railroads
will not fail to get their fall share.
I am in favor of one ohaage only
in the preeent commission law,
and that is, I want the commis-
sioners elected for two, four and
six years, so as to have at least
two experienced men at the helm
all the time. There are
in my judgment many reaeons
for making the commission elect-
ive. In the first place there is a
growing disposition among the
people to make all their officers
elective. The principle reason
for this bting to have men who
fill these offices directly respon
Bible for any want of proper fidel-
ity. The people have been misled
and deoeived by false promisee of
the demagogue and the dishonest
politician as long as they intend
to be, and when tbe offioe is eleot
ive they can reach the occupant
sooner and more effectively than
they can when he holds the office
by appointment. Another reason
is that by electing our commis-
sioners we put it out of politics
aa effectually as is our supreme
court now.
The railroads have never been
afraid of our supreme court.
They never question the fairness
of the suprome judges, aud yet
there is not a well informed law
yer in tbe state who does not
know that the court has always
had the power and means) at its
command to have done the rail-
road irreparable injury at any
time the judges chose to be un
just and arbitrary. What lawyer,
if on trial for his life, would say
to our present judges of the court
of appeals, of the supreme court,
or to Judges Reagan or McLane
to vacate the bench and let us
choose a judge more just; let us
choose a jnst man in your stead
are then the property rights of the
roads more sacred than human
life T The truth is, when we make
our commissioners elective and
off tbe demagogue and the
Hag politician by putting
of politics the people and
railroads will be satisfied
It is the continnal disbussion
of those questions and the draw
ing of hideons pictures of tbe
power that these commissioners
have under the law that creates
distrust and destroys confidence
It is not the power the commis-
sioners actually possess that makes
the present law objectionable, for
I care but little for the power
given under this law with just
men to enforce it and with our
supreme court as a oheck upon
them to correct and supervise
their action, lf the powers pos
sessed by our courts over the
lives, liberties and property of our
people had been discussed and
exaggerated in the last ten years
in the same proportion to their
extent that the powers of tbe rail-
road commission have been the
people woald either have
taken fright and depop-
ulated the state or have taken all
the judges out and hung them as
tyrants and enemies to tbeir lib-
erties. When section five of the
present law is examined by any
man who favors a commission
that will regulate when regulation
is needed, he will at onoe see that
it is not subject to the objections
ordinarily urged against it In
concluding this subject it may
not be improper to say that I am
no recent convert to this commis-
sion idea. I was elected to tbe
legislature in 1882 from Lamar,
Fannin and Delta oounties on this
among other issues, aud iu the
legislature supported the Cheno-
weth bill, which was substantially
the same as the Brown bill, but
the bill was defeated, as like
measures have been before and
since tbe present law was passed.
Second. In connection with
the commission idea arises anoth-
er question upon which some leg-
islation is needed, and that is a
law to prohibit tbe issuance by
any and all corporations of wbat
are called watered stock and
bonds.
I understand that the Hon. T.
J. Brown offered a bill for tbis
purpose at the extra session of
the legislature recently adjourned
and got it through the lower
house, but it was killed In the sen-
ate. I do not know what the pro-
visions of that bill were, but I am
in faver of a law that will abso-
lutely prohibit tbe issusnce of
stocks and bonds by any railway
company for a sum materially
greater than the cost of con-
struction and equipment. A well
known judge of one of our
courts told me not long since that
some litigation concerning 600
miles of a certain railway in
Texat had juat been concluded
before him and that it developed
in tbe course of the trial that it
eoet about $10,000 per mile to
build and equip that road, Md
yet stocks and bonds have been
the enormous sum of
#27,000^)001 To contend that tbe
en of this stock and bonds
do not expect the directory of tbie
road to endeavor to charge a
freight and paesenger rate
eufficient to pay a dividend
is simply prepoeteroua. That
they may not alwaye succeed in
doing tl is may be and no doubt
is true. And that it is an injustice
to tbe people that tbey should
ever do so, goes without saying.
It is contended that the greater
portion of the stock and bonds
thus issned by all of the railroads
In the state (for as a matter oi fact
tbey have all done the same thing
aa tbe one above alluded to) are
held by innocent purchasers in
good faith. This may be true, and
no doubt is true in many instances,
and while we have no doubt but
that the courts would protect
them In such cases, It can't be
denied that the people who have
to bear the burden resulting
from such iniquitous transac-
tions are alike innocent in the
premises. It has been repeated-
ly held by the supreme court of
the United States that the pur-
chasers of city bonds must, be-
fore purchasing, see that tbe laws
of the state where the city is lo-
cated, regarding the issue of such
bonds have been duly observed,
and if tbey fail to do so it is at
their own peril, and such pur-
chasers are bound to take notice
of any failure to observe the law
in the issuance of such bonds.
Let us pass laws making it unlaw-
ful to issue these fictitious stocks
and bonds, to pnnish those who
do it, and make all future is
sues void in the hands of the
holders, whoever they may
be. This will stop it in future.
But it is contended by some
that Arts. 4154, 4155 and 4156 of
our revised statutes contain all
the law needed cn this subject.
It has not heretofore proven suf
flcient and the reason would be
apparent to any lawyer npon ex
amination of these articles. Tbev
deal in glittering generalities and
make nothing definite but the in-
definiteness of tbeir provisions
regarding the issne of these tick-
ets and bonds. For all the good
they have done or will do they
might as well be in the Koran as
in our statutes.
It is also contended by the op
ponents to this measnre that it
would be as unjnst to corpora
tions as to individuals, to prevent
them, when the necessities of
tbeir business required it to mort
gage their property. In many
material respects the right and
duties of a corporation differ from
those of tbe citizen. Tbe railway
is a public highway, with only the
right to do such things as the law
creating it permits, and with such
obligations to the public as the
law creates, while Ihe citizen has
all rights and privileges which he
chooses to exercises except such
as the law takes from him. But
it is not the purpose of the friends
of this measure to prevent tbe
corporation from mortgaging
its property when a necessity
for it arises in the conrse of its
business, and a proper regard for
its obligations to the people will
permit it. What we want is the
power lodged either with the rail-
way commissioners, the comptrol-
ler, the attorney general, or with
all of them together, to prevent
any further abuses of power in
this direction. We want some
just arbiter clothed with power to
examine into these issues to see
that the rights of tbe public are
respected and at the same time to
consider the wishes of the corpo-
ration, and without whose en
dorsement any certificate of stock
or bond will be no more than
waste paper in the stock markets
of the world.
Another question that will come
before our next legislature is the
investment of the permanent
school fond. Our prtsent con
stitution leaves it to the discre
tion of the legislature to enaci
laws prescribing the securities in
which this magniffcent fund shall
be invested. In money* notes
and other securities, we now have
a fund amounting to about $15,
000,000. We have about 27,00 >,
000 acres of land worth from $2
to $5 per acre which in a few
years will be converted into
money and interest bearing notes.
Tbis will swell our permanent
acbool fund to something like
1100,000,000. We are told that a
portion of this fund now lies in
the vaults of tbe state treasury as
so much metal. The duty of in-
vesting this money is now npon
us
Some of our citizens contend
that the safest and best plan of
investment is railroad bonds. I
am opposed to this, for more
reaeons than I have space here to
give. I want to lend this money
to the people of Texae on long
time at a low rate of interest, to
be secured by mortgages oa real
estate. The first season I would
offer in favor of my plan Is, that
foreign capital has been invested
in Texas railroad bonds and also
lent to our people on land secu-
rity. Today capitalists want no
mors railroad bonds, bnt are still
anxious to lend more money on
real estate seourity and I believe
the English Mid French furnish us
about as good specimens of safe
Genuine McAlister
i •«?
Per $6 Ton
Briar Creek Coal
$$•50
Gainesville Light and Fuel Co
OFFICE—California and Denton Streets.
LOTS FOR SALE
-IN-
EOT GAINESVILLE
Special Inducement
Will be offered those who
will build.
For terms and prices see
Capt. Schoppmeyer.
118 East California St.
MAX ROY
—dealer in—
Geld and Silver
Watches,
Jewelry,
Diamonds,
Spectacles
Eye Glasses
Oalvesvllla
You Have All Iiead
Of the Luxury in Travel
Buy Your Tickets Over
And Experience It.
Perfect Pullman Buffet Sleeping Car
Service
Between Tcxus points and Chic >ko, St Louis
and Kansas City. Kroc Koc ininii Chair
Carg between Dallas, Fort Worth, I>eni8on,
Wncn, Temple and Taylor.
I'ullman Sleeping Car Service to Aunlin and
San Antonio. Close connection made for
Laredo and points in the lt»'publie 0f Mexi-
co and California, as well as points tn the
North and East.
Kor rat 8, routes, maps, time tables or other
Information call on or address
If'. H, Main, Agent, Gainesville, Texas.
If. I*. Hughes, U. P. .V T. A. Dcnison. Tex.
W. I). Lawson, T. P. A., Ft. Worth,Tex.
K. R. I'arker, A. <«. P. A., M/ii Chestnut Street
St. I-ouis, Mo.
TP
ON FIRST PAGK.
THE BELOBT LINE
—TO—
New Orleans, Memphis
And all Points in the Southeast.
Take "The St. Louis Limited"
12 Hours Saved
1SETWEEN
Fort Worth, Dallas, St. Louis,
ANDTOE KAST.
THE DIRECT LINE
To All Tolnts in
Mexico, New Mexico, Arizona,
Oregon and California.
Tkrongh Pnllm&n Buffet Sleeping Cars
Between
Dallas, Fort Wortii and St Loais
New Orleans and Denver,
St. Lonis and San Francisco
For tim» tables, maps, ticket*, rates, and a'l
desired Information, apply to or address
any of the ticket agents, or
U P. r*OAN. GASTON MESLIER
Tnr. Pass. Air't. Gen'l Pass A Tkt Agt
JNO A GRANT.Sd Vice Pres.
Dallas, Texas,
thr—
Cotton Belt Ronte
8t Louis Southwestern Railway
—TO—
St. Louis, Cairo, Memphis
And all points beyond.
TWO DAILY TRAINS
—TO—
MEMPHIS
And all points beyond.
Tne only llDe delivering passengers to eon-
nectlnit roads Ht Memphis without a long
and dirtagreeable omnibus transfer
the city.
The only line with through sleeping aa
vice between Ft. Worth and Memphis.
The only line with thiough ear service be
tween Memphis and points In Oentral
Te» ms.
THE SHORTEST ROUTE
To all points In
THE SOUTHEAST
All Texac 1.1 ues hare through tickets on sale
Via The Cotton Brlt Rout*
Kates, maps, time tables and all Information
will be cheerfully furnished on application i
nnj aeeut of the company, or
R. *. CARTER, W. H. WIIFIELD,
TravrthiK 1'. A."' U. P. A IJnes la Texas
Kort Worth, Tex- Tyler. Teg,
Santa Fe Route
Gulf, Colorado ^Santa Ta
id direct ro^te between all
Texas and KUwaa Olty. It,
nsas Colorado?.California,
The popular and
principal points In T
i«uls, Chicago. Kui
md all points In tbe
NORTH, EAST AND WMT. -
Tnroogb sleeping ears and day loach a.
GAINESVILLE
TO
KANSAS CITY AND OALTB8TON.
Connecting In Kansas Olty anion depots with
fast service to
chicago AND EASTERN POINTS.
Thronghtickets, baggage cheeks, Sleeping
Car Berths, and all travel Information fob
r.isbod on application to any Bant Fe
H. G. THOMPSON* G. P. A T. A., Gal
Texas.
r. J. GATB8, AGEJTT.
OAINB8VILL*.
Sunday Heaperlan.
The Sunday Hesperian will
be delivered to parties in tb« oitj
at one dollar and a half a year in
advance. Or it will be delivered
at 25 cents a month.
To Horsemen.
If yon contemplate having any
printing done this spring, call at
the Hesperian office and see the
horse bills and notes now being
printed.
Scavenger Work.
Anyone wanting scavenger
work done can leave orders at the'
city hall. H. D. Norris.
Watch for Hawthorne's
99 •
m
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Reference the current page of this Newspaper.
Roberts, W. T. The Daily Hesperian (Gainesville, Tex.), Vol. 13, No. 128, Ed. 1 Sunday, May 8, 1892, newspaper, May 8, 1892; (https://texashistory.unt.edu/ark:/67531/metapth502063/m1/4/?q=%22~1~1%22~1: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Abilene Library Consortium.