The
Texas, Sabine
Valley and
Northwestern
Railway
Company was
chartered on
October 3,
1887. The
railroad was
planned to
connect
Longview with
Sabine Lake in
Jefferson
County and
with some
point in Lamar
County. The
railroad had a
capital stock
of $1,000,000.
The principal
place of
business was
in Longview.
The members of
the first
board of
directors were
George D.
Harrison,
James M.
Mobberly
(Moberly),
Richard J. T.
Vans, and
Andrew Taylor,
all of
Longview;
Thomas Hull of
Carthage;
Charles M.
Whitney of New
Orleans; and
Nelson L.
Easton and
Frank M.
Lanchar, both
of New York
City. Lanchar
owned most of
the shares in
the railroad.
In 1888 the
railroad
acquired
twenty-one
miles of the
Galveston,
Sabine and St.
Louis Railway
Company
running
between
Longview and
Martins Creek
and
constructed
fifteen miles
between
Martins Creek
and Carthage.
On September
20, 1893 the
company was
placed in the
hands of a
receiver and
sold under
foreclosure on
June 7, 1897,
to D. D.
Durham, G. T.
Merrill, F. T.
Rembert, and
the Grigsby
Construction
Company, who
reconveyed the
property to
the TSV&N.
In 1903 the
TSV&N
owned four
locomotives
and twenty
cars and
reported
passenger
earnings of
$28,000 and
freight
earnings of
$122,000. The
company
operated the
Texas and
Sabine Valley
Railway
running from
Carthage to
Boren, 2.2
miles, from
1893 to
December 26,
1904. It also
leased the
Marshall,
Timpson and
Sabine Pass
Railroad
operating
between
Carthage and
Timpson, 19.1
miles, from
1901 to
December 26,
1904. On
December 27,
1904, the
TSV&N was
sold to the
Texas and Gulf
Railway
Company.
Nancy
Beck Young
-
Handbook of
Texas Online,
s.v. ","
http://www.tshaonline.org/handbook/online/articles/TT/eqt26.html (accessed
March 3,
2008).
(NOTE: "s.v."
stands for sub
verbo, "under
the word.")
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