Cooper's Clarksburg register. [volume] (Clarksburg, Va. [W. Va.]) 1851-1861, 1854-08-23

Tale cretnry of1the Treasury, accompa.
MED, We believe, by MIR. Jaudon. late
cashier of the United States Bank, and
still later, the drawee of sunday bills
held by citizens of New Orleans. which
remain unpaid to this day, to the ruin
and disPair Of. hundreds of people, passed
through our city. on his way to Texas,
bearing With him = 1000, 900 of Texas
bonds, valued according to Texas yalua-
ton, at $500. 900. This sum is to be
placed into the hands of the governor OF
Texas, in behalf of the Pacific Railroad.
ofWhich Mr.. Walker is stockholder to
the amount of ten millions, and various
other citizens, including tlle Rev. Coun-
cilor, Joel G.. Sever, late Of this city,
whose stock only amo nts to the mod
est sum Of s 800, oOO-own immense
amounts.
Now, extravagant as the schemehas seem.
ed, Mr.. Walker, by his address, skill and
management, and without violating any
law, or other improperly, has placed in a
train which promises the most magnifi.
cent results. The State of Texas-in a
moment of madness and folly unparal-
leled in the annals Of legislative insanity
-pnssed law donating twenty sections
per mile to any company which would
build road across its territory, near the
parallel Of 50, on the simple condition
that said company shall commence the
road by the 25th Of August, and shall
deposit three hundred thousand dollars
within the State Treasury, which the
company can draw out as soon as it fnish-
es the first fifty miles Of the road that
then the sail fifty miles Of the road shall
be pledged for the COIN pleton Of the re-
mainder. On these simple conditions,
this company will receive script which
takes preference Of all others, for twenty
sections per mile, for over eight hundred
miles, making over ten millions Of acres
OF land, the average value Of which, we
understand, will be nearly. if not quite,
one hundred millions Of dollars. New,
the highest estimate of the cost Of road
from the Mississippi to the Rio Grand, has
mover exceeded twenty millions, for the
building of which this company will re-
eeive lands worth one hundred millions.
But this is rot all. There was an old
charter in Texas, creating the company
called the FL Passo and Vicksburg road,
to which had been previously granted
sixteen sections per mile and this COM
pany, having organised not being able to
sell its stock, entered into negotiations
with ChatGcld, Walkers predecessor in
the grand Pacific, alias moonshne road
to dispose of its charter. Pending these
negotiations some legal gentlemen of
Texas, who happened to hear of the mat
ter, called on the President OF the compa-
ny, and asked how much of the stock re
manned unsubScribed, and were informed
tha! there were twenty millions. They
entered their names for that balance
and when Mr.. ChatGeld came to close his
purchase they required Of him to pay one
hundred thousand dollars for their share
of the stock. This was the single advau-
tage gained by Texas throughout this
whole negotiation. All the rest, we con-
slider, displays most remarkable infatua-
ton on the part of the people Of Texas, to
say nothing Of the responsibility incurred
by the leading managers of this affair,
who represented the interest of the State,
and were bound to protect it.
Tho Moonshine Company obtained the
additional sixteen sections belonging to
the Ell Passo road, and if they get from
Governor Pease, Of which there is little
doubt, the latter grant Of twenty sections
all that will be necessary to enjoy both
rights will be to build double track
railroad. Thereupon this company star.
ted upon noonshinc, will become the
owners ofthe largest capital ever held by
a corporation, and the people of Texas
will have sold their birLhri ghts for less
than q mess of pottage. Walker and his
company are blameless in the matter
They respond to the invitation Of the Stale
and though there is not cent of the stock
taken in Texas. they come with the cash
and with brigade of contractors and
workmen. who have already commenced
work in Eastern Texas, complying fully
with the terms prescribed.
Governor Rusk the Senator from Texas
gives his full sanction to the scheme, anC
so do Governor Pease and the Legisla
lature, and as the people appear to acqui
csce in it. We cannot see that any body
else has much cause of complaint, howev
er great may be their establishment at the
" madness which rules THE hour" ir
certain parts OF our country in regard tt
railroads and reckless appropriations o
tho public domain. " 0. Del. july "a
FEARFUL STATE OF ANARCHY IN CHINA
Private letters and circulars received
in Boston. from China. give sad accounts
of affairs in that country. the result of 6
civil war which has been SO long raging
there. The Post Traveller says
The old government having its hands
fully occupied in repelling the attacks o.
the insurgents in the vicinity Of Pekin
bands of armed robbers are devasting the
country, particularly the Central Provin
ces. One letter states that forty eigh
tea companies had returned to Shanghai
from the Central Provinces, having beer
robbed of all their means of purchase
The great commercial mart Of Honau
has hmm rnhhnh H. l.