The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1855-02-17
.. a, .rv thing 10 ssy OF them. farther

VIZ. ". Il. ~ much "rpe.rd to 'hc n''sn''"'
s,.fsrns III III. railroad interests ~ 'exAs'
A. ". are or have beri,. snd 10 bis elaborate
Article he ,ske. no particular pains to DIS
goo. hs opinions
n. rnnld no, .,pec, az to dsnounce W.
thntd,ld when We dii not kHo~ suNihi"g
,s,,ut him. II be IL IN sbnlii1ni,i, those
who .old lim. a. the President ana a''n''
,i,.d .,.n, OF the Sew Yoik company. our
.h,,,,,.. DID no, give us the iniornHI'on,
and It IL only Of recent date that he IS de
,oune.d. no, only 40 ~ sbolilcrss. bat ~
a ssindlef
Rot II VI, Chs,f,-ld vi" a~ind'er, why
wa. he 10, prosecuted Why we're IN"
men who were concerned with him not re
pndis,ed al.o' Mr. Jsptha fo~lke'. aud
and others o; Ike Tx. bold as ash, II not
higher position NOW than they a'h before.
Nr. wisfsll think, that wnen he snd
Mt.sf.. Henderson. Miiis and Martin, took
twcns, miIlons oil the stock ct the 'eIas
Western Railroad Company. We ought to
have defended him. We did not do 40, for
the staple reason that we were unequal to
Ia. .,sh, aud Ne were fully assured that he
was mach more capable OF doing 20 than
ourselves Ne knew the motives Of his A.
.ncia.s., snh himself ia taking that stock
and il they intended building the road, he
was much moro capable than we were OF
explaining the modns operaadi by which II
was to b. ccunrhshcd
Mr.. Wighll. however, doe, no, censure
Us 80 much for our pas, course >" iat our
rr.sen, position. lie /. willing to + eve
that W were ut fr., deceived he only
FLAMES US Tor shutting our eyes when The
,,uth /. Disclosed We are no, then. ate
/ all. so much to blame aud ". cannot per-
civ. why We are a, all lsblr - censars
when ,hos. mos, Immediately interested
in the matter. have displayed from the be-
uinnin, bu, little faith in the new organ'lA
linn. and have all Of them ut lfng,h aban'
donrd the entefpriz. to its fate. tv"n th'
o,gsn OF the compsny. which WAS sufficient
is ,eeh,rss ia nj, conscience, Is silent, and
is unwilling or unsli. to defend either
N..us Wake, AMI King. or the new or
,sni,s,ion Mr.. Wigall himself. ssys
thu, he has looked IN vain for any aid iron
the press, and that ~ no one with badness
or ability enough has Appealed to MAKE
the truth known, be has volunteered hi
own services.
Mr. wigfall enters into an elaborate e1
planslion 10 prove thru, the holders OF th'
paid stock will have but l,tr. II any. adj
v,r,,ye aver bona Hde stockholders. hu
~. mus, confess that we have been unable
to appreciate the force ol hiss arguments
The company, il seems. is to be ORGANIZED
with /. capital Of n hundred millions OF dol
las, when ouly sixteen will be required !.
l--.ii 49,. -....i ~s.n.s In. state lie aud 9th
efs who own the paid stock. eer.anI, cous'd
cred il Of sdssuiag. To them Ia have il allow
ed. and 1t would he dliiicnl,. uc imagine. 4
prove that n debt OF $500 900, DRAWN,
seven per cent interest. land t.s, '",d s'ocl
can h. con sid-r~d l.gi,imsiel- IN no otbe
hyht1 would not be serious drawiiacl
upon any railroad company ia the conntr,
We NJ. 10 rons,d.r ,h,, 5000 900 and IL
sl2 900 of ,utur.s, per anuum. ne, a-a Ia
npnu one hundred milliohs OF capital. bn
upon twelve or sixteen millions. which wll
be required to build the road through th
State. The charter under which they sr
organized does no, extend beyond the lm
its of Texas. Suppose It takes fifteen year
to build the road through the Ststs
The paid stock with i,s interest would
amount 10 81 $50 600 equsl to one.,en,l
%, one fourteenth par, Of the road. And
tbe individuals who own this paid stors
incur no liabilities, run 40 risks. aud arr
not TO be called upon for dollar to assis
in the enterprise.
II this matter was nnIntyreai'og to ih'
publc-if it concerned the s.sosholdcri
alone why address the public on the sub
jeetl W. thought the community inter
ested inasmncn M our people were called
upon to give \ helping band to the work
". conceived il hut just that ihey should
know what cur chances for n rosd were
the terms upon ~hieh they were 10 get il
and the responsibilities they won'd incu
by venturing into the speculation. It b
Possible that we may have misconceived
the extent OF our own obl, atoms as
journalist II we have. We are wililag To
incur all the censure which the community
may see proper TO bes,ow upon US.
/ We thoush, discussion necessary. moi
for the beneft Of "unsophis,iea,ed Wal
street" bu, for our friends vt home. l
the Stockholders abrord refuse 10 pay up
it ia nothing more 'ha" whs, they did wier
( the New York company was In \ better
: cnts.uion than 1t is now. Il we have oeer
dealing IN sophisn,s. il certainly will hav,
no effect upon them. particularly when til.
defence Of the company Is in such abe
hands.