Holly Springs gazette., 1849-11-30

Arkansas, and indeed, throughout all the States
If this Union. Be it
Resolved, Thatfve delegates be deputed by this
Council to present the proposed plan to the Gen.
srel Assembly Of Tennessee asking its countenance
md action ihereon,the more promptly to ensure
he attention Of Congress-
Resolved That these resolutions and the ac-
,ompanyng plan presented by Capt A. Pike, be
printed in the press of the City, and the same be
Kept standing in each for thespace Of one week
md publishedin at least two weekly editions of
each paper.
Extract from the minutes Of the proceedings of
the board Of Mayor and Alderman Of the city Of
Memphis, November 2lst la49.
E. BANKS, Mayor.
Attest, L. R RICHARDS, Recorder.
To The Hon the Senate and House of Repre-
sentatipes Of The U. Siates ofAmerica, in
Congress.
Your Petitioners, Citizens Of the State of
respectfully pray
That the Congress enact, that there be ap.
propriated whatever amount OF moneys may
be necessary for the purpose of building a Rail
Road from the Mississippi River to the Pacific
Ocean, to be raised by laws secured by pledge
of the proceeds Of the public Lands OF the
United States.
That il be enacted, That said Road consist
Of two branches, commenced at one time and
carried on simultaneously from Memphis
or some other proper point in the Southern
States on. the Mississippi, connected or to be
connected by Rail Road with the Southern At
lantic Cities, and one from St. Louis or some
other proper point in the Northern States on
the Mississippi, connected or to be connected
by Rail Road, with the Northern Atlantic Cit.
ies--united at some proper point west of Mis-
sissippi or Arkansas, and thence running by q
single line by the best practicable route,which
shall afford equal facilities and equal adyan.
tages to the Northern and Southen Atlantic
Cities, 10 such point on the Pacific Ocean in
California as shall be most eligible in respect
to commerce and the interests of the different
sections Of the Union.
That it be also enacted: That such Road be
built and put in operation, and bridges erected
over the Mississippi at the termni with tht
funds OF the General Government, at the ear
liest practicable period.
That II also be enacted That from the pas
sage ofsuch law, all moneys thereafter paya
bic to any oIthe States under present or future
laws, out of the proceeds Of the Public Lands
be retained by the Treasury of the Unite'
States, and therein placed to the credit of sucl
respective States; and also that a certain pc
centum Of the future proceeds Of the Public
Lands be in like manner retained TO the cred
it oil each State and Territory in the Union
until such Rail Road be completed and in op
Grafton, and that the whole residue of sue
proceeds be pledged, and irrevocabIy devote
TO building such Road, or repayng the money
obtained on loans for the purpose Of buildn
, the same,
That it be further enacted: That $
soon as such Road is completed and pr
, in operation, the whole cost thereof b
ascertained, and divided into as man
equal parts as there may then be State
) and organized Territories in the Union
s and that each State be then, Or so 500
: as it becomes State, entitled to pu
+ chase one such part of the Stock OF sue
Road, by paying to the General Cover
ment her aseertained share ofsuch cos
y which payment shall be made first by tn
appropriation thereto, Of the sum whlc
may then stand to her credit. in the M
). tiona al Treasury, and the residue in cas-
: or by bonds of the State secured by I'll
g hypothecation and irrevocable devotic
thereto, until full payment OF all none.
in future coming to such State from tt
g Public Lands, and of her share OF tt
n profits and nett receipts Of such Road.
,, That it be further enacted: That
n after the expiration OF ten years, from Il
completion of such Road any State sh'
have declined to take her share in SUI
. Road, the same be allowed to be taxi
aud purchased by incorporated Cities
e the Uuited States, or by corporations
g individuals in any of the States-th
!, such Cities, Corporations and individ
,e ais shall never have any will in the {
,e rection of such Road; and that befo
II selling any part of the Stock, the Go
,t gress shall fix and determine the rates
er freight, toll, and passage on said Ro
IN and bridges.
5. That il be enacted, That said Road
10 managed by board of Directors, equ
n to the States of the Union--each Sta
ry which takes her share of the stock selt
ID ting one Director, in such manner as S
rs may by law provide, and the others bel
n appointed by the President OF the Unit
70 States, who shall also appoint a Pre-
dent oil such Board.