The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-22


Cd at Austin on the ID. ion Of the rosd:-
fecr bids Tor the construo. ',mer President of Il
AtIs, =. s,a I"aaSeid paa,s ~ ompany, which vi
Illegal. for the following reasons, suy: ed' Coa
wss never authorized by tue CONF dent Of fh
held has long since ceased to be Pro>> by th
company: All his powers were revoke |alka
Bosed Of Directors, and entrusted to Messrs. -
& King. Notwithstanding the suc ,essful efion>
9essrs. Walker & KtAg 60 relieve that compaa,
| rom the mal-a6ministTseiM of Chatfeld yet such
! sefdous apprehcnsions we're entertained that the
| stock, improperly issued before Mr.. Walker be-
ssme President Of the company, and against his
EsOte<t. might eIabarsfw operations under the
Tcxas Charter, and subject the new company to
sutb ard ipjunctions by sWe ptitious claimants
Of ssock-whioh suisa, although they would uiti-
Datslys fs OF sue ,eee; might retard or defeat the
GoDsc ucfion Of the work.thst Lbi1, consequently,
could bc accepted fiom shis compaDy however pre-
"a nttd or however much al might be satisfied with
't' present organization This bid, 'efore, beisg
MAui and unauthorized was, OF csSu<se, reje sted.
SconsT-The bid Of Messrs. B.u,uont Wood
vsSy6 This was for $23 100 per mile. 1t was 10 op-
rssiAcn u all the quireeGss Of the W. and there
fore 0onld not be considered.
Thn d-Tne bid Of Mr.. Brernnd. Sc which pro-
possd - commerce the road al Houston. Now, the
laVieQpn ed the road to commence at tSsc eastern
boundary Of tao States, ard tho<e!ore thUbilI was
illegal.
f'ourtfh-The Atlantic and Pacific Compal W being.
for 'hs reasons stated Out Of the question fourth
~
their Hseen associates of Texas, as follows:-
CRY OF AusrIy, July co. 1Jgf.
To I'M EaouIxscy, Z. NJ PEAsE Ccvxlsok or Tru
snAIs o. ;,, hereby propors 70 enter into
obi gate ourselves to construct the Mssissippi and
paoiae rairToad from point the eastern boundary
line OF te tate Of Texas not north oe the town Of
Fulton, inthe State of Arksas to suitable point c
tbe Rio G ande at or ne tic town Of III raso
degree of north latitude, % practic able This we viii
undertake TODD the term and conditions and for the
eonsidsTaG. expressed in the act Of tns Iegisia
aure Of the State of Texas passed for that pur.
rsse and approved December 21st, 1863 Wowil agree
ND bind Ourselves to com,encs the work within thirty
tc awarded to We win undertake TO furnish end place
IL running ordsr y miles OF said road within eighteen
cnths from the date Of said contract and to furnish
and place in Aoorder hundred miles of said road
each and every year thereafter until the whole shan be
t s Ana ws VIII unGrrtoke that this ehI4 be Of
post in the TIeasayy Of the state Of Texas par steeks
to the amount Of ree hundred Thousand dollars to be
forfeed to said State In atty miles OF said
shall not be completed within e,eeen months from the
Date Of the contrast proposed.
cGos, Attorney, G. Y, Hancock, John Hancock, ynnes
BY j. Greer, John W. Harris, matt. Ward, - Leonard
Randall, J. Pinkncy Henderson, u. h Nichols.
nesers: Walker, King & Co. had previous to She |
letting OF the contract, caused complete instFu.
bcr and exI ense, through Texas to the Pacific. by
On able and competent oorps OF engineers Ths |
survey demonstrated that the road passes through
out tne entire route, through good country and |
This survey win give renewed confidence in tie
work. and insure thousands Of new subscribers to
the enterprise
Besides the survey already made to the Pacific,
we understand that there arc now upwards Of three
bundled hands engaged on the work in Texas, and
that before the expiration Of ninety days the nunr
ber will exceed one thousand.
This bid, 1t will be seen, was in exact conformity
with the law and was in fact the only valid and
legal bid before the Governor, and was accepted
Although Il bid, it will be perceived, is entirely
IN the name OF icdivlduals, yet it is stated that
into the new company all the bona tide assessment
paying stockholders Of the Atlantic and Pacific
Railroad Compsny. Thus the new company, with
will be enabled to unto with the new company tho
money and capital and subscriptions of the assess
mept paying stockholders in the cid company.
The Austin State Ga.esie, from which journal We
CLEAN the Pbove particulars, says:---
We havc every confidence that this great work will DO
completed under the present auspices and
ticpate or fully realize he incnc aabic consequences
will bring through Texas from the Atlantic and Mssis.
sippi to the Pacific tie commerce of the world and win
oads sG our Gulf s coast vhs% S Ss sean Sy
hcir letter already publshe at Gonzales arc considered
indispensable BY NJ M9sss. ,s Walker and King and a. We
Messrs Walker and King came here bringing with them
the deposit required by law partly In gold and partly in
gvoI paI stocAs "a requIea oy 'he law but 10 avoid
al objections from the most captous they will bo
ready to change their stocks into specie to make
the whole deposit in gold and silver
Among the Texans associated with Messrs
Walker a King is Mr.. Maverick, Of San Antonio,
who is said to be the largest landholder in the
world, and by far the wealthiest citizen Of Texas,
and no less distinguished for his patriotism, and
high character and integrity, than for his large
mears Such man, no doubt, couli 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 tle
people generally Of Texas to be taken on the same
terms as that OF the original subscribers