Washington telegraph., 1854-08-30
From The -9usfin 7f1cs.1
The Pacific Rail Road,
CONTR ACT AWARDED.


We understand that the only legal bid
made for the bnilding of the Pacific Rail-
road through Texas, was BY Messrs. Walker
and King and their 15 associates in this
State
The first bid By Chaifeld as former Pre-
sdent Of the Atlantic and Pacific Railroad
Company, was Illegal, being wholly unau-
thorized and disavowed BY the Company,
and consequently a mere fiction.
2d.-The bid Of Messrs. Baldwin & Co.
to commence the work at Houston. which is
forbidden BY law, and therefore could not
be considered
3d.-The bid by Beaumont. < Woodward
to build the road at S23 800 per mile
This was contrary TO the law, and therefore
could not be considered
4rh--The bid which was accepted of
hiessrs. Walker and King. and their fifteen
associates from Texas. which was in the lam
gnage Of the law, and the only legal bid be-
fore the Governor. These fifteen associates
are among the most patriotic and distin-
guished men Of Texas, most of them men of
large wealth, and one of them, Mr.. Mayer-
ick. Of San Antonio, is well known as the
wealthlest man in the State and distin-
gnished also for biz great integrity, high
character and habits Of business.
We understand that Messrs. Walker and
King are authorized to bring into the com
pany, the assessment paying subscribers of
the Atlantic Il Pacific Railroad Company
that several millions of stock viii be. offered
for subscription to the people of Texas; that
the whole route has been surveyed by Mess,
Walker and King and their associates thro'
Texas 70 the Pacific, and ascertained to Be
perfectly practicable-that the whole de-
posite j ready in specie and in goood par
stocks, which may be converted, if desired,
into specie, and we learn will be-: that sew
eral huHdred hands are now at work ON the
road and will be speedily augmented to one
thousand.
This work will be Of immense consequence
TO Texas the South, and to all the States
and We fully trust viii now be rapidly con-
strlcted
The annexed Is the BID referred 70 above:
Cry OF AUSTIN, Texas.
July 29th, 1854.
70 His ETcrlirE.-y. r. IT. Peasc.
Gorer,sor cf ths SiGte Of Teras.
SIE-We hereby propose to enter into q
contract with your Excellency, by which we
will obligate ourselves to construct the Mis-
sissippi and Pacific Railroad from point on
the eastern boundary line Of the State Of
Texas, not north of the town of Fulton. in
the State Of Arkansas, to suitable point
on the klo Grande, ut or near the town Of
HI Paso; to cross the rivers Trinity. Brazos
and Colorado as near the 32d deg. of North
latitude as practicable This we will un-
dertake to 60 on the terms and conditions,
and for the consideration expressed in the
act Of the Legislature Of the State Of Tex
as, passed for that purpose, and approved
December II, 1853
We will agree and bind ourselves to COM
mence the work within thirty days after the
execution Of the contract. In case it will be
awarded 10 US we viii undertake to finish
and place in running order, fifty miles of
said road within eighteen months from the
date of said contract, and to finish and place
in ike running order. one hundred miles Of
said road each and every year thereafter un-
til the whole shall be completed
And We will undertake that this shall be
Of the first class Of Railroads
We further propose to deposite in the
treasury Of the Safe Of Texas. par stocks to
the amount Of three hundred thousand dol
lars-to be forfeited to said State, in case
fifty miles Of said road shall not be compile
ted within eighteen months from the date Of
the contract proposed.
r. j. WALKER,
Ut M