New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-11-21

,n rthri rN'rnfr except rrnnr F''f WV wy WV v
wa, l.. .,o,A ,rrrsh NJ 'h-'Hsli hrlns 'en't'r
,,, ae,per,-, r-s nsai'll, eA - sl"fr he rhsf'e'
,tL a.,pr.,aile Stance 'e"de'lna all enl ea'h ~
a., .t,,hhai.,s re,pan.li leNe in 'hn Ashf' ~ 'he
,,.,r-r, THE trve,et. nepa n"i alH'm email
.,,,kt,li.,s. r,, q ls ~, lteli ihal The COMPANY
r,n eve, owe any dshis 80 eni holy. snee heavy
s,i,aiists Nko NJ u 7 Wehethere como fafwatl and
snls,hed ton millons apiece, whereby tho Directors
will evas have ola of cesh AZ command and eau fnlh
iohu Eaudoirh'r masim oi pay ma foo GO Another
llr,tioneie azure oi this charter this. that lk'
Anrcn's rod & swallowa al others that may bc granted
Ia other States aud excludes Missouri Arkansas, Tex
M and California from any share In tho management Of
an onictp,,o which they must oil be asked TO charter
and asist How FAR those States are likely to grant
charters merely for the pleasure seeing them merged
In gigantic New York Company, AMI how far they are
likch 70 give land 10 body Of capitalists, who have
hundred millions ready in hand and are accordingly
perfectly able 10 carry through the work without any
such subsidy is n question 10 everybody but Messrs.
Wsllcr ChaiGcld d Co. with their agent Mr.. Stanton.
The, know how TO manage Legislatures; but we trust
that in their future dealings with those bodies, they
will take good care TO avoid everything like personal
liability clause.
Tho line Of this splendid speculation is ngeniousy
devised II begins at ST. Louis in order to secure the
support of Western men, and head off Col. Benton it
runs down through Arkansas to Marshall in Texas,
and thence West to FL Paso, in order to secure the
support of the slave States, which want no Pacific
railroad through free territory thence 1t passes
through the north of chihuahua and Sonora-by VIRUS
of special grant obtained or to be obtained from Ue
Santa Anna for a notwithstanding as near the
10 I'M IN
secure the support Of Gen Pierce and OF Congress- as
the best and cheapest means OF preventing lndian dep
relations in that quarter aud fulfilling the treaty oil
Guadalupe Hidalgo and, finally, it reaches san Diego
on the Pacific and runs up TO San Francisco, having
taken the longest possible course from ST. Louis 10 me
Western emporium the shortest however, as it is be-
le7ed, to thc Treasury OF the Federal Government
and the pockets Of these who to buy the stock at
seoord hind.
The nominal capital on which this enterprise is
brought before tie public. is hundred millions Of dol
lars: the real capital is nothing near thereto as
possible Al first il was not intended to call in any
part of the subscriptions but finally the observations
which several journals thought proper to make Oh the
speculation and a certain regard for public opinion
seemed to render it necessary to call in something AMI
accordingly an assessment was laid to the enormous
amount Of one mill the dollar. This II is supposed
is all that will ever be necessary for any sockholder to
pay.
Tie means relied on to give consistency and respect
ability to the undertaking. gifts OF lands to be pro-
cured from the Federal Government and from the State
ofTexas with fat mail contract for long series Of
wears With sufficient number of millions OF acres,
and mail contract Of from three TO FIVE million dol
lars yearly for fifty years it is probable that the stock,
having cost it's authors and holders exactly one
mill on the dollar, will rise TO something sub
stantial Surprising it rises to only twenty
dollars q share the portion Of Mr. r. j. Walker
will fetch the sum of two millions, afordng the pleas
ant little profit of one Million nine hundred aud ninety
thousand dollars,-wtch would go far toward paying
of the repudatcd debt of Mississippi, purpose his
patriotism would naturally lead him to devote it to-
Or if he should prefer keep the shares till the lands
were Sold money borrowed on the bonds OF the Com
pany and the road actually completed-sppOsing he
could live to the venerable age which that would i'm
ply,-he would then be the owner OF ten millions oil
stock above par and paying great dividend as ever
expected from Laws mississippi scheme or ehe
great South Sea bubble.
Such are the general features of plan which
already holds out glittering temptations to the
gentlemen of the press, aud viii soon appear with
big brides in hand at the doors OF Congress
These brides are not offered in ready money, but in
this wonderful stock itself We have not the slightest
doubt that any respectable journalist who wishes to
sell himself may obtain from five thousand to two hun
bred thousand dollars according as be is sharp at
bargain. For the honor of tho profession, we trust
that no one will take less than the latter As for
the price of Congressman, or an Executive Official
we have no advice to give and besides there is no rea
son to doubt that the commodity will be held up to its
full market value especially the sellers are well
aware that the article given in exchange costs the buy
ers nothing.
We add for the information of those who are green
in such matters, that they are sometimes arranged
without the actual delivery of the scrip the journal
is or official gets bis doueeEr in stock but in order to
save trouble, the party furnishing it takes it Oh his
hands at once and pays down the premium he
might expect to get on it in the market. This
mode of transactug the business also affords oppor
tunity OF reporting movement in the stock. Thus \
gives thousand shares for services rendered OF to
be rendered to the Company, and at the same time
brings with him his friend c, who buys them OF At
per cent premium such other rate as the state OF
the market will justify. Thus b receives $500 or
$1,000 without q stroke Of pen, and it is reported
next day a. bona de sIle of thousand shares at an
advanced price
The mere exposure Of such project ought to suffice
for il extinction, and there are indications that the
public Judgment is not misled with regard TO it. Not
ore respectable journal has yet been found to lend it
self to the scheme and dare say has not been for