The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-21

OF these 30 men it would be difficult to designate
one who could be regarded as a capitalist. There
may be half million amongst them to back up the
OF exactly 500, 900 subscriptions, there are just
49, making the entire subscriptions of 100000. and
over {s97 750, 000) ninety-seven millions seven hun
dred and fifty thousand dollars.
There are not, probably, exceeding 81 100000 Of
bona Ade subscriptions the stock book nor to ex
coed two millions of money standing behind the
100000, 900 subscribed, and even the few who sub
scribed in good faith turned to the tender
mercies of Walker, King and Fowlkes, by sef-
created trust.
In organizing the company d was sought to give
it sn odor of nationality and to that end Southern
men were brought in, and unfortunately amongst
them that old fibbery gbbet, Robert J. Walker, the
ctdeyant California collector, L. Batter King, and
the broken banker, Jeptha Fowlkes. These men, by
extraordinary activity and hypocrtical subservien
cy, got themselves placed onthe Executive Commit
tee, which was composed of six members. TO show
the nefarous uses made Of the trust reposed in them
few Of the resolutions Of that famous committee
are here transcribed
November 5th 1S53-Nr. Walker submitted q resolu.
ion that all stockholders holding over $4,000 of the
soeS Of the company De respecauiiy lno% nice re,
ompauy, and stated that unless such resolution
dopted lie would retire from the company That reso-
uon amended by inserting $500 600 instead And,
IS amended adopted. Let see how far Mr.. Walk
ca regarded his resolution and pious declaration.
November 25th.-On motion OF Mr.. Walker, COMMIT
tee consisting of Walker, Woodruff and Bridge, APP
pointed with power to accept or reject proposition
other pryieges or rights to build any part Allan
tic and Pacific Railroad in California, Arkansas or Mcxi
Territory.
recember 15th--Four members Of the committee, to
wit-Walker Fowlkes, Wooihull and Bridge being pre-
sent, Walker proposed and offered to the Atlanti and
Pacific Railroad Company, call my interest present
continYent any railroad charter land connected
herewith that may be obtained by rue from the gov
eminent OF Mexico in the State of chihuahua, or so
assigning only. without warranty OF any lind
interest present or prospective as above stated on the
following terms
lst. The payment TO me Of $4,000 cash
I'd The return to OF 100000 OF full paid stock Of
the Ceatral Railroad Of Texas In shall have paid
the for said grant and charter and not otherwise;
the assignment to me of the option OF the company
of $500 900 Of full paid stock Of the Atlantic and Pacific
Raroad Company to be exercised and carried into exc
cuticn on or before the 10Th January 1859
Whereupon IL was resolved. THAT the preceding offer
oil X J. Walker DO accepted
Resolved That the treasurer OF the company be d
reoed TO give r. j. Walker credit, The books OF tue
company, for the said sum Of $4,000.
Walker took copy Of these resolutions 70 Mr.. lie.
land the Secretary, (there being no Treasurer and
demanded receipt Of payment Of the first assess
ment on his $40, 200 600 of stock, and by bullying
that , with the aid of Woodruff and Bridge, finally
obtained such a receipt.
Y would be nonsense 20 suppose that Walker ever
had such charter from the government OF Mexico,
or ever expected any SUCH He knew that at that
very moment the Gadsden treaty had forecl0sed any
attempt to obtain such grant. II was q sheer con-
tfiyance 10 retain his $4,000 900 of stock without
paying any assessments on it, and showing his re-
CENT to defraud and seduce others into paying, not
withsfandng his harlot virtue when he offered his
1900 900 resolution.
december 1eth.--Present, walbec, King Fo~las', and
Gs caef That Robert ] val ,r aret Ue, ant