E TEXAS & PACIFIC RAILWAY CO. CHARTER HEARING BEFORE THE STANFORD MMITTEE ON INTERSTATE AND FOREIGN COMMERCE OF THE HOUSE OF REPRESENTATIVES SIXTY-SEVENTH CONGRESS FOURTH SESSION ON H. R. 13476 MENDATORY OF AND SUPPLEMENTAL TO AN ACT ENTITLED "AN ACT TO THE TEXAS & PACIFIC RAILWAY CO. CHARTER. COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE, The committee met at 10 o'clock a. m., Hon. Samuel E. Winslow (chairman), presiding. There were present before the committee Hon. Hatton W. Sumners, a Representative in Congress from the State of Texas; Mr. Thomas J. Freeman, general counsel Texas & Pacific Railway Co.; and Mr. C. A. de Gersdorff, 52 William Street, New York City, counsel for bondholders of the Texas & Pacific Railway Co. The CHAIRMAN. Gentlemen, the bill before us to-day-or which was supposed to come before us to-day-was H. R. 13005, introduced by Mr. Sumners, affecting the Texas & Pacific Railway Co. After a little study of the subject matter and a conference with the Interstate Commerce Commission, who wrote quite in detail with reference to suggestions on the bill, the Chair has been advised that Mr. Sumners thought it better to prepare a second bill, which appears in the form of H. R. 13476. The second bill embodies, with the exception of three or four or half a dozen words, which perhaps were misprinted by error of the typesetter, all the recommendations, corrections, and suggestions of the Interstate Commerce Commission. The differences are very few. Mr. Sumners, if I am not quite in accordance with the facts, you will kindly correct me. seems best to the Chair to pick up the later bill, which I understand is the desire of Mr. Sumners, and consider it rather than the first bill. Is that correct? Mr. SUMNERS. Yes, sir. (The bill referred to follows:) [H. R. 13476, Sixty-seventh Congress, fourth session.] So it A BILL Amendatory of and supplemental to an act entitled "An act to incorporate the Texas Pacific Railroad Company, and to aid in the construction of its road, and for other purposes," approved March 3, 1871, and acts supplemental thereto, approved, respectively, May 2, 1872, March 3, 1873, and June 22, 1874. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in addition to the powers conferred upon or secured to the Texas and Pacific Railway Company by the act of Congress under which it is incorporated and the supplements thereto, said railway company, in order to extend and develop the lines of railroad now owned by it and situated in the States of Texas, Louisiana, and Arkansas, the main lines whereof extend from Texarkana, Texas, westwardly by way of Whitesboro to Fort Worth, Texas, and from Texarkana, Texas, southerly to Marshall, Texas, and thence westwardly by way of Dallas, Texas, to Fort Worth, Texas, and from Fort Worth, Texas, westwardly to Sierra Blanca, Texas, and from Texarkana, Texas, and Marshall, Texas, southerly and easterly, respectively, to Shreveport, Louisiana, and from Shreveport, Louisiana, southeasterly to New Orleans, Louisiana, all of which lines are now owned and operated by it under the name of the Texas and Pacific Railway Company, and also the line between Sierra Blanca, Texas, and El Paso, Texas, over which the Texas and Pacific Railway Company operates pursuant to an agreement with the Galveston, Harrisburg and San Antonio Railway Company, and branch lines now owned and operated by the said the Texas and Pacific Rail 1 |