The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-10-12

The proceedings of the last meeting of the Per
Do.nspt Committee of the Tehuantepec Railroad
Company, as published by our friends of the
picavune and True Delta, are fraught with deep
interest, and evince a progress made towards
etfectirg this noble enterprise for which we were
scarcely prepared. We hail the exerIions of the
committee as an earnest of still further success,
and we cannot too earnestly invoke the co-opera-
ton of our citizens in project the effects OF when
must be magical on the growth and prosperity oil
our city.
most important measure has been eftected'
The title TO the rights and concessions granted by
The Merican government no,o belong to NEW Or
LEANs. Nv deed of trust, executed in New YORK,
the whole grant in fee simple of tract OF lanu
sixtv miles wide across the lsthmus, extending
from ocean to ocean, distance of l35 miles, ana
he exclusive right of passage by railway, WIN
freedom from any tonnage duty or imposition OIL
anv kind whatever, have been conveyed by MI
Hargous, of New York, 10 Messrs. Peter Conrey,
Il, J. P. BENJAMIN, Leonard Mathews, Samuel
! Peters. John NJ Lapeyre, and Bernard Fallon.
These gentlemen are to hold the conveyance 10
trust iii, March. 1852 in order to give time for the
organization of company, to which they are to
transfer their rights. A term of nearly two years
in this secured TO our citizens within which to esta
blsh company and secure to our city the control
fan enterprise which will divert the whole tide
of Eastern and California commerce and travel,
and pour its rich treasures into our very lap.
We understand, however, that the committee is
at loss about the further measures now to be
taken for Fastening the completion of their work,
because they have no means of organization under
our laws, as they stand. Numbers of our citizens
are anxious 10 subscribe, and indeed we have
never known so general feeling of interest ex.
pressed by them in any public work, nor so evi
dent determination that no obstacle shall be per
mtted to battle their efforts But our corporation
law, formed on basis suitable for our small loca
companies, is totally useless for objects of such
vast magnitude as an Inter Oceanic Railroad. The
fact that the capital of companies is limited tt
$500, 900, is all sufficient to show that our Legs
Iature must come to the aid of our citizens by ar
amendment of the law,
No regular session of the Legislature will BE-
held till January, 1852 II lojH then be too late t.
effect an organization The term of the trus
deed will have nearly expired, and the rights unde
| the grant will have gone back to New York. The
| control will be transferred from New Orleans t.
| New York. This can BeUer be permitted. W,
heartily concur in the recommendation of tn,
Delta of yesterday. There should be an extra
session of the Legislature convoked for this purpose
at once. Let there be no delay. Let memorial
be spread through the city. Let our Governor b.
Informed of the state of the facts. This, than
God is a measure in which we can all cooperate
without distinction of party of interest N
matter what may be the expense, hundreds
thousands would be well expended and would Civ
a ten-fold return to the State. We join the Plea
yune, we join the Delta, we join the True Delta
we are all for Tehuantepec Now friends wit
the big sheets, gentlemen of the Bulletin, Courie
and Bee, put your strong shoulders to the whee
or our saucy pennys sheets will get all the credit
Seriously, we would recommend to the gentle
men of the committee the circulation of a meme
rial, which will be covered at once with the sigma
ture of every man that takes pride in our State an
city, urging on the Executive the call of a sessio
for this purpose The moral effect of a called SEES
| sion of the Louisiana Legislature, on the expires
ground Gifts being necessary for the success of tn
Tehuantepec Company, will be immense. 1t vii
be felt in Washington, where Mr.. Webster ha
already displayed such warm zeal in perfecting tn
treaty of Mr. fletcher; it will be felt in Mexico
and add weight to the representations of GU
Minister near that government.