The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-02-08

AT the last session Of the Missouri Legislature an
act was passed to incorporate the Pacific Railroad
Company" The line Of the proposed road is thus
defined in the seventh section of the charter:
:. Said company shall have power to survey,
make, locate and construct railroad from the civ
of St Louis TO the city Of Jefferson and thence 10
some point on the western line of Van Buren, (now
Cass) county, in this State, with n view that the
same may be continued hereafter, westwardly to
the Pacific Ocean"
The act vests its powers in twenty.one corpora
tors, Of whom nine form quorum, and may pro-
coed 10 act.
Yesterday evening (says the Republican of the
isD the requisite number assembled in one of the
rooms Of the ST. Louis Insurance Company. Those
present, ms well those absent, represent large
portion of the landed interest of our city. They
are Of that class Of men to whom the community
have right to look for lead in great public enter
prises. As their interests are greater, and their
means always adequate to their engagements, the
mass have right to expect from them distinct
and satisfactory inilatofy movement. In this case,
it belonged 10 them to take the lead and that in so
positive and absolute form as would give an ear
nest to the public that they had put their hands to
The plough and would not look back We rejoice
TO say that this pledge has been fully given.''
AT the meeting an able report, in favor Of the
proposed road, ead-demonstrating its utility,
probable profits the necessity of its early commence
mentand energetic prosecution to consummation.
The corporators formally organized themselves
by the election of President, Secretary and Trea-
surer. The following resolutions were adopted;
Reseoed, Th1t committee of three corporators be ap
Tie eompany that said books be opened on Monday the Ali
February at 10 O'Clock, and closed O'clock p NJ and
ia aaftl Tho
chnnge.
BssoUed, That committee of three be appointed to pre-
pare memorial % Conges, praying donation Of alternate
eo o. ls9d along the route, for the construction of the
Under the last resolution a committee was ap-
| pointed; after which the Board of Corporators ad.
Iourned' to meet again on Saturday, the 9Th inst.
In respect to the proceedings Of this meeting, the
Republican says:
The spirit and zeal manifested in The meeting
yesterday afternoon-the conceded necessitv f9r
carry anu direct action in reference to internal i'm
proVements IN this State, terminating in This CITY,
was universally admitted. and the absolute imDor.
.1lee u prompt and effective action on the mart
OF orr own citizens, and particularly of The large
property holders, was acted upon in a corresronJ
ing spl'lt We confess, and rejoice in the opnorm.
my TO say 1t, that never have on snv n5F,,i,s
occasion; seen so liberal and intelligent a view IA
every one OF its citizens, as was EXPRESSED In, no
eorparators on this occasion. They are evidsnti5
awake to their own interests, and the interes,a az
other parts of the State, and determined To com
menee system which will give to our civ as many
ar'ihelai' az she now has natural advantages"
To secure the charter and commence the work
the act Of the Legislature requires the subscrpton
in advance, OF 100000. The eleven members Of
the Board Of Corporators present. alone subscribed
Sl54, Oc0-nearly every one of them expressing his
willingness and purpose to double his subscription.
if necessary.
Thus We see the great work of connecting, BY
railroad, the valley OF the Mississippi with the
shores Of the Pacific, Is actually soon 10 be com.
menced. Who can foresee what may be its mighty
results to our own country and to the world