The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1854-09-09

Third. The bid of Mr.. Bremond, &C., which
proposed to commence the road at Houston
Now. the law required the road to commence
at the eastern boundary of the State, and there
fore this bid was illegal.
Fourth. The Atlantic and Pacific Company
being. for the reasons stated, out of the ques-
tlOn. the fourth bid was in the name of Messrs.
Walker d King. and their fifteen associates of
Texas, as follows:
CRY OF AUSTIN, July 29, 1854.
To his Erceliency, E. M Pease, Governor
Of the State of Terds.-SIR We hereby pro-
pose to enter into contract with your Excel
lency, by which we will obligate ourselves to
construct the Mississippi 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 a suitable
point on the Rio Grande, at or near the town
OF FL Paso to cross the rivers Trinity, Brazos,
and Colorado as near the thirty second degree
OF north latitude a. practicable. This we will
do OH the terms and conditions expressed in
the act of the Legislature of the State of Texas,
passed for that purpose, and approved Decem-
Der 2l, 1853.
We will agree and bind ourselves to commence
the work within thirty days after the execution
OF the contract, in case 1t may be awarded to
us. We will undertake to furnish and place in
running order. fifty miles of said road within
eighteen months from the date of said contract;
and to furnish and place in like order, one
hundred miles of said road each and every year
| thereafter. until the whole shall be completed.
And we will undertake thai this shall he Of the
first class Of railroads. We further propose to
deposit in the Treasury of the State of Texas,
par stocks to the amount of three hundred
| thousand dollars, to be forfeited to said State
in case fifty miles of said road shall not be COM
pleted within eighteen months from the date of
the contract proposed.
Signed Il. J. Walker T. Butler King, NJ T.
johnson. J. A. Greer, W. G. Lacy. S. A. May
erick, John Hancock, Attorney, g. W. Han
cock. John Hancock. James I'll. Raymond James
Il. Shaw, W. Ii. Bourland. II. z. Bee, by J. A.
Greer, John w. Harris, Matt. Ward Leonard
Randall, J. Pinkney Henderson E. b. Nichols.
| Messrs Walker, King & Co. had previous TO
the letting OF the contract, caused d complete
Instrumental survey OF the route to be made, at
great labor and expense. through Texas, to the
Pacific, by an able aud cOmpetans corps of en-
gineers. This survey demonstrated that the
road passes, throughout the entire route, thro'
a good country, and with most excellent grades
for iir>t-class railway. This survey will give
renewed confidence in the work, and insure
thousands of new subscribers to the enter
prise.
Besides the survey already made to the Pa
cilic, we understand that there are now up
wards of three hundred hands engaged on the
work in Texas, and that, before the expira tion
of ninety days. the number will exceed one
| thousand.
This bid. it will be seen, was in exact confor-
nifty with this law. and was, in fact, the only
valid and legal bid before the Governor. and
was accepted. Although the bid. it will be
perceived, is entirely i'll the name OF individ-
uals, yet it is stared that Messrs. Walker q
King will be permitted to bring into the new
company all the dona Jide assessment paying
stockholders Of the Atlantic and Pacific Rail
road Company. Thus the new company. with
out involving themselves in any embarrass-
ments, will be enabled to unite with the new
company the money and capital, and subscrip-
tions OF the assessment paying stockholders in
the old company.
The Austin State Gazette, from which jour
nal We CLEAN the above particulars, says:
eve have every confidence that this great
work will be completed un er the present aus
pIceS. and no man can anticipate or fully rea-
lize the incalculable consequences to Texas, to
the South, and to the whole country. 1t will
| bring through Texas. from the Atlantic and
| Mississippi, to the Pacific the commerce OF the
world and will necessarily promptly lead to
various connections by railroads with our Gulf
coast, which it will be seen by their letter al
! ready published at Gonzales, are considered
indispensable by Messrs Walker q KING, and,
as we understand by all their associates.
| We learn that Messrs. Walker d King came
here. bringing with them the deposit required
by law, partly in gold and partly in good par
stocks, as required by the law. But to avoid
all objections, even from the most captOus.
they will be ready to change their stocks into
specie, so as to make the whole deposit in gold
and silver"
| Among the Texans associated with Messrs.
Walker 4 KING. is Mr.. Maverick. of San Anto-
MO, who is said to be the largest landholder in
the world. and 10y far the wealthest citizen of
Texas and no less distinguished for his patriot
ISM and high character and integrity, than for
his large means. Such man, no doubt, could
build the first fifty miles of the road himself;
and such names as those of Mr.. Maverick and
his associates will inspire universal confidence
in Texas. We learn that several millions of
the stock will be offered to the people general
| ly of Texas. to be taken on the same terms as
that Of the original subscribers.