The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1854-06-24

We publish IN to,days paper two co"''
munications making series OF inquiries '"
rsla,i,, 10 the action which has taken place
~ our railroad operations II is scarcely
u.r.ss.ry fos US to saw that we are not res
spon.ible for the reflections ct corresponds
enrs They aud their productions must
stand lpon their own merits Us Tor our
selves, We accuse no body we throw out
no ,n.inua,ions OF unfair dealing but, at
the same time, We are under the Impression
tina, the course pursued by those who have
had Charge of affairs has been conducted
with a degree Of mystery that has been as
gnwise as i, has been impoltlc. What has
been the result The people have been
waiting PATIENT, the termination OF events,
and now when we are told that unannlty
aud confidence ought to pe:vade our whole
community. there is everywhere manifested
d.tru,t and dissatisfaction.
One of our correspondents asks us sew
essl questions, all Of which Will be answer
ed perhaps, to his satisfaction. by those
who are better acquainted with railroad
matters than we are This writer refers 10
the course of the Mash, . Meridian, "a pa
per which We have RETAINED from noticing
u. much as possible. from the fact that our
remark, might be attributed to improper
motives. But we must be permitted TO say,
and we think the facts will fully warrant US
in doing so, that the cours. tina, paper has
pursued has been prolific in mischief 1t
has created di.trust in the community, on
the one hand, while on the other, it's re-
marks are calculated to rsise suspicious in
the mind of the Governor Of Texas.
We must say, in all candor. tina, we have
never known a public euterp''ze--o one in
which the entire community is so deeply in.
,eres,ed rs they are in this-conducted
with so much secrecy and mystery.
We were informed recently by the pub.
lished letter of Mr. Hall. tha, he and Mr.
Ward had effected a contract for building
66 miles Of railroad The Meridian direct
ed attention TO the fact, that nothing WAS
said IN this letter about selling the charter
But now it turns out, il the New York
Company is to be believed, tina, Messrs.
Hall aud VI ard mad. no contract for build.
ing a single mile of rond The New York
Company announce ,hs, they hare bought
cur charters, pad for them IN FIJI. ami Oh
tamed regular transfer SO as 10 secure
their rights beyond all controversy They
are the individuals, If they are to be believ.
ed, who have made tho contract in question,
and secured it by bond Of $500 600, Ii
they have told the truth, what further mes
ccssiiy is there in keeping the matter se>
cret. II falsely. the. sooner it is known the
better
But il II be true, as asserted. that Messrs
Hall aud Ward negotiated n, Austin for
the sale of our charters for $500 900, is it
not reasonable to suppose tina, the editor of
tho Meridian had some knowledge OF the
transaction Certainly the proprie,ors OF
that journal. Messrs. Ward \ Co. knew,
aud might have informed him.
As we un. rstand the matter, Messrs.
Hall and Ward negotiated II, Austin dur>
ing the last session of the Legislature, for
the sale OF our charters to the New York
Company for the price specified above
They Immediately attempted to close the
books of subscription so rs to make the
sumo, ms large as possible; but on coming
home found ths, The whole of the STOCK,
amounting to abou, twenty millions. had
bsen taken, as the city newspapers say
about cotton, ION speculation, Col
twelve millions Gen. J. =. Henderson Tor
four or five Col. l.. +. Wigfall for two or
three and DR., A. c. Martin for like
amount with Col. Wigfall Here was SO
rous drawback, and the difficulty was no,
diminished from the fact that these gentle>
men exhibited considerable pertinaci,y in
holding on to their position II WAS AT las,
agreed, xs we understand it, to give Messrs
Mills, Henderson \ Co, e96, 600, in paid
stock. il they would agree to relinquish
their subscriptions, aud compromise was
effected on these terms Thus stood the
case when Messrs. Hall and Ward went to
New York
Now. II private fortunes are 10 be made
on, Of the road, il 10 a matter OF very little
difference to us who gets them. But we
certainly think that the public, who are in
terested in the building OF our road, should
be acquainted with the facts. The public
have = RICH. to know, when our charters
are sold, and to whom they are transferred ;
and more particularly when they are sold
before the contract for building the Pacific
road il let out by the Governor. Who
knows anything Of the solvency Of this
New York company! Where is ito CAPT
tai VIVA, do they contract to do 7 These
arc, ~ we conceive. legitimate subjects Of
inquiry, and the public have right to know
all about them.