Washington telegraph., 1852-07-14

in constructing all the rail roads recommended by
the convention.
Which was read and adopted; and, on motion,
8referred to the committee on memorials and reso-
&lutions
4 On motion, the Secretary, was instructed to
Aprocure the printing of two hundred copies of the
Fcharter OF the Arkansas Central Rail Road Com
tpany," reported by the committee this morning,
: for the use of the convention.
On motion, the convention took recess until s
Ho clock this evening"
AT s O'Clock the convention convened
On motion, the "Charter of the Arkansas Cen
trail Rail Road Company" was taken up and read.
The charter will be published in our next is
Mr. Flanagan, of Clark CO., moved to amend the
9th section by striking out all after the words
going eastward on the 9TH page.
Which motion was lost by the following vote:
Yeas-Mr. Flanagi lin, of Arks., 1.
Nays-Messrs Owen of Tenn. Roberts, of Tex
: as, Watkins, Walker and Rounsavlle of Arkan-
3sas. s.
4 Mr.. Payne, of Louisiana, asked to be, and was
8excused from voting
s Mr. Flonagin, of Clark CO.. offered the follow
Ming amendment, to the Goth section: I'D.
q Prouided they shall not exercise any of the
spowers granted in this section unless they shall
be orthorized so to do by majority of stochold-
Aers to be assembled at Little Rock, personally or
aby proxies, notice specifying the power desired.
Which was read, and adopted, by the following
j Svote
Yeas-Messrs Watkins, Evans, Rounsayille,
q Flanagi gin and Walker, of Arkansas, 5.
q Nays-Messrs Owen, of Tenn. and Roberts of
3Texas, 2. 4.,rt
Mr.. Payne, ;of La..lasked to be- and was excused
I from voting
4 Mr.. Flanagan, of Clark CO., offered the follow
king amendment. as an additional section:
q No dividend shall be paid to any stockholder,
Suness the road over the whole route shall be COM
spleted. but any dividend which may be declared
ashall remain in the hands of the company to the
acredt of the stockholders to whom it is due, until
3after the completion of the road when said divi-
sdend divcndeds shall be paid with interest Pro-
aUdea that fthere is not $1,000 subscribed on
stion No. 3. within 5 months after the first meet
Sng OF the directory then the majority of the stock
ahelders may determine to abandon section No. 3,
Hupon paying to subscribers to section No 3, what
Sthey shall have paid when they shall be no longer
J stockholders of this company.
s. Which was read, and rejected by the following
Svote:
n Yeas-Mr. Flanagan. of Arks., l.
q Naps-Messrs Owen, of Tenn, Roberts, of Tex
Gas, Watkins, Evans, Walker and RounSaville of
5Ark., g.
4 The charter, as amended was then unanimously d
sadopted by by the following votes:
4 Yeas-Messrs Owen, of Tenn. Roberts, of Tex
Gas, Watkins, Flanagan, Walker and Rounsaville,
sof Arks., T.
q Mr.. Roberts of Texas from the committee on
I routes made the following report
4 Mr.. PRESIDENT The committee on routes, to-
swhem referred sundry resolutions touching
the location of rail roads in the State of Arkansas
shave instructed me to report that, impressed with
lthe Importance OF concentrating public opinion up.
son some one great central trunk, extending trom
gthe Mississippi to Red River that shall possess
Athe greatest amount of advantages, and be hkely
sto secure the hearty cooperation OF the great mass
Iof the people this State they have anxously ex
CANNED the several projected routes presented to
athem for their consideration. Your committee
aneed advance no argument to prove that the short
/ est route to the best market coners the greatest
saggregate of advantages to the settler, well as
Ito the purchaser. 1t Is self-evident, and equally
ycear is it, that choice Of markets, enables the one
saways to get the highest price, and the other to-
: buy at the lowest. These truths being admitted,
2it is only necessary for to inquire where are
/ Smost likely to find point on the Mississippi to-
! begin, and one on Red River to terminate. that
untes these recommendations in the highest de-
/ gree. For the beg inning, several points on the
Mississippi have been considered by your commit
Stee, but to of the chief objects of those
fwhom we expect to be most benefited by the
sconsruction of rail road, vz:-choice of markets.
we could not long hesitate. 1t is well known that
Memphis, in the State of Tennessee, is to be
sthe diverg point for rail roads, pointing in every
sdirection, except the west. Roads now in the
sactl,al progress of construction, that to unite
awith other roads already in full operation that will
Senable going hence, to reach the great marts of
Sthe east in few DAYS passing either through the
Atlantic States, and thus have opportunity of
8tryng all their markets, or, if he prefers it, taking
IA northern route, and pessing through the States
abordering great inland seas, thus atfOrding
shim an opportunity of offering his produce or buy
Sing his supplies in any market he may prefer,
sether at the north east; and besides these reads
athere is the great river ITSELF that will open to him
Sthe many markets upon its waters At this point
sthen, we have one of the required desiderata-
Echoice of markets.
Is there any other point on the Mississippi, opo-
9site to the State of Arkansas presenting the same
3 Sadvantages2 Your committee think not and if
athey be correct in their opinions not doubt can
srest upon the mind of any member of this Con-
aventlon that the point opposite the city of Mem
Ephis on the Mississippi river, possesses more adj
svantages, as an Eastern terminus--supposing we
I srun from West to East-than any other the Mis-
ssissippi. This being determined your committee,
ffeel no embarrassment in what they concur in
gagreeing to be the most eligible route, running
sfrom the designated point on the Mississippi west.
aThey believe, and recommend that the road should
gcross White river. at the most practicable point,
eon line as nearly direct may be- to Little Rock:
and it might not be amlss in selecting this crossing
Sto have an eye to a branch road TO Helena. And
4 from Little Rock we recommend that the most
Edirect practicable route, be taken to the town of
Fulton or thereabouts on Red river, crossing said
river at the most suitable point to be determined
sby your Engineers. allowing them ten or fifteen
smiles above Fulton. 10 select trom and from said
gcrossng. due west to the boundary of Texas In
Essmaking this, the principal and prominent recon-
Emendation of your committee, they deem it proper
HtO state that it is the result of mutual concessions
Z on the part of its several members. Conflicting
Hviews and interests are found in the prosec-
Stion of great enterprises. If yield, nothing
can ever be done, whereas ifthey have the enter
prise more at heart than the qualification of their
Snarrow preudices or Individual interests,
! Esions never fail to be made, and harmony and a
shearty good will take their place. We repeat
4therefore that conscientious discharge of the OBJ