The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1854-08-26
RAILROAD DEVELOPMENTS.

presented v an sdmiring audience Indeed
the time when all was to be revealed seem
ed 40 close a, band tina, we deemed i unN |
necessary to deal IN conjec'are'. but to
Avail, pa,iea,ly the result, The frs, oil
Augus,--that important day TO Texas IN
the calendar Of 1854 --eame, aud hns gone
and as yet mystery eushrouds US.
The telegraph has. indeed, informed us
tina, Tho New York, Atlantic and Pacific
Company had the contract awarded to II
for building the Pacific road through Texas.
"vo,," the special Aas,in correspondent
Of the Marshall Meridian, confirmed the
statement Every one, We presume, knows
who "sox" is, aud that he is ageu'leman
who oueh, to be posted Up in everything
concerning Railroads, and especially this
one. Yet, il the Austin newspapers tell The
truth. "a 10 the award. an entirely new
company, composed Of Texas gentlemen,
have secured the prize. |, appears from
the Austin Ga, tito. that up to the fret OF
August, the New YORK Company bad no
regularly authorized bid and il We are to
credit The Meridian, Nessrs. Walker and
King were poweflsss TO make one. And
here we are led to inquire. why Il was that
Cha,feld's bid WAS not good one, when
sanctioned by the New ork Company,
under its new organization question
which seems TO vs. difficult to answer Why
was i, that this New York Company, with
i,s eight or nine hundred thousand dollars.
and the boastej reputation and financial
skill Of its leading spirits, was not able to
compete successfully with any Company
tina, might have presented itself at Austin :
We were told. indeed. that the Governor
had pledged himself to give this famous
Company the coutract--that be bad offered
to do so wi,hou, waiting till the FIRST Of
August. Why was it, then, that when its
agents arrived q, Austin, they found them
IN order to secure any interest IN 1t, they
had to cut loose from tho New York Com
pany and to come forward IN their iRditi-
dual copacsg.
Undo, the now examination. wha, be.
come, Of the g., 900 600 Of Mr. Towlkes,
of Ncmuhi, tho 81 600 900 of I. Jefferson
Green mud a lie, of other "moon,hine "
,phseripiiousl What has been done with
Tia. million ar two m,llions of indebtedness
,ho mon, ,nr,l,oa which ia. Now
York Co,nnany had weighed itself down
A we understand it. all of the "moon
shine stock. and the reckless contracts Of
the New Nosk Company have been thrown
overheard. and no,hinp is to be brought into
the now concern except the bona 64c stock
upon which assessments have been paid
And ye, the original friend. of tl. ,o,,cu
aud deiuuc, concern toll us that they have
,riumphed, They are welcome to all such
yie,orics. ...,,., ,o,,.,,
Walker with , dina re,s,d IN bis ro,n,,.
,;oc and il, o,dc, IN huId tho ,o.a fon,l
!, norossa,v IN I'm, loose f,op his o,oooe.
sb,n.p (,;.nds and that ba clodly .uhr,.oa
,hs o,,or,u,i,v ,bs, ,,s oea,od him - do
.o But to .yhom are tho noonlo If ,ro,,s
;,d.btsJ far hi. cb,n,o, Malta Tho ,.;.o
,o,lo,s in hi, not,io, of tho s,,,o NO, .,
tbe;, newso,oor masses which L,vo ho.,
amazed for tho las, tYelys mo,,b. il, land
nr them To tho skie. Tho ffee, Tovo,.
such mon as James H. Raymond, James
D. Shaw, Matt. Ward. NJ T.. Jonson. J.
T. Henderson,, aud their associates-mon
known throughout the Sta,e--these are tho
individuals who have killed of this New
York Company, aud scattered It's ohaT 10
the fonr winds.
We know but little of tho financial con.
dition Of the new Company which has sue,
ceedod in getting the contract. or of its
ability in tho present stringent condition of
the money market. 10 prosecute tho great
enterprise Of building the road but there
is one thing certain it stands upon very
different footing from the old Company
the stock VIII como into tho market under
much mere favorable auspices, and there is
av.rvthiuc 4, ,e,nur,.pd IL H. ,auaI mara