Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1853-11-26

~ The Pacific Railroad Company lately organ
/ lied in New York with a capital of an hundret
millions Of dollars, is under fog of mystery. 1t
alternately pulled and ridiculed by the Northern
papers and plain honest folks find it hard to deter
mine whether it is a reality or humbug--a plan t.
build road or plan to deplete the overfown,
National Treasury. The Charleston Mercury treat
it with eminent disrespect, as follows:
THE GRAND PACIFIC RALRoAD-The folIowin!
account of the organization of the famous New
York Company, famous for the many millions it ha
discovered in empty purses) is taken from the Her
aid of Sunday. The list Of directors shows plainly
enough what sort of a capital the company depend.
on to build the road. 1t IS list, with few excep
TONS of weather beaten politicians-men of talents
known to the country, skilled in the curious ways
Of getting appropriation bills through Congress, and
thoroughly ndOctrinated in the art of all arts-the
art of humbug. We expect great things from this
Company. 1t will cDntrye to absorb about half the
time of the next session Of Congress- and if it does
not absorb like proportion of the moneys in the
Treasury it will be the fault of somebody besides
the President and Directors of the Company 1t is
very interesting to know, after all the fourishes
about the complete subscription of the capital stock
that the Company have generously reserved con-
siderable portions for the citizens Of other States
who have not yet had an opportunity to SUBSCRIBED
Such benevolence in these hard tmas, is truly re-
viving. Perhaps they would even sell little for a
reasonable premium.
The New York correspondent of the Charleston
Courier has not much better opinion of it. as this
paragraph will show Il.
The Pacific Railroad (Which some one malicious
ly designated the Moonshine Company with a
capital of one hundred millions of dollars has per-
fected its organization. The manner in which the
stock was subscribed tended rather to shake public
confidence in the enterprise Mr.. Walker, the dis
tinguished Ex-Secretary of the United States Treas
ury, whom no one regards as an emnently wealthy
man, by single dash of his pen, put down his
name for ten millions. A young newspaper man Of
our acquaintance, whom met short time ago,
remarked that he felt like rich mani He was ask
ed why So and he playfully said that he had just
subscribed at the Metropolitan Hotel, one hundred
thousand dollars to the great Pacific Railroad. The
sum total of his worldly possessions, will not ex-
coed five hundred dollars. However, the organjza-
ton has been perfected, and "sod" names are con-
nected with its management Among the princi-
pal are those of l.. s. Chatfeld, Attorney General
of the State, A. c. Flagg, our worthy City Comp
troler Robert J. Walker. Isaac t. Holmes, L. But
Ter King, George Ashmun, of Massachusetts, Ex-
Mayor Woodruff Of this city, W. W. Leland, of the
Hotel, and various Members of Con-
gress Governors of States, and some large capital
lists. How some of the minor capitalists, who are
investing millions in it. be able these tight times
to pay up their regular instruments is "a matter OF
their own business, not ours. Engineers and sur
veyors have been engaged, and it is said will soon
start to the Southwest, with view of fixing the
line of the road. Their descendants TO the fourth
generation may probably travel over the great Pa
cine road, and probably not
The New York Herald is its puf1er, and the
New York Tribune calls it the 'Moonshine Com
pany."