The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1855-01-13

result from Il, both to the State and to Inc
people. The vote upon tho bill Of tho last
session OF the Legislature, to provide for
the construction OF the road, is evidence OF
that fact. The few members who did vote
them, AS we well know, were actuated by
objections to the frame and details OF the
bill, add not from opposition to the road
itself. The people nlI over the State have
expressed their decided appreciation Of the
measure. II is in truth not only regarded
as great measure, which OF itself, 10 en-
titled to the endorsement os the people, but
also as the main trunk from which lateral
branches must necessarily diTergc into
every section of the State; consequently
any company by taking the contract and
complying with the law, and proving that
its members are not alone actuated by sheer
seliishness. aud II spirit of reckless and
asarleIous speculation, would command the
confidence Of the people Of Texas.
/, In view of the existing state OF facts, let
Us investigate the title Of the company set
ting up claims to the contract. TO the con
ddence and support of the people to whom
they have appealed.
| We purpose in our future numbers, to
I give TO our readers the history OF this com
pany 4, commencing with its organization,
under the charter obtained from the legis
lature Of the State Of New York, down 10
the present period. The preseu, article is
only designed as Introductory to thst his
tory, aud TO PROFOUND certain queries 10 the
/ gentlemen claiming the contract, Newiil
remark that we are prepared to answer
most of the questions, bu. the people would
I doubtless prefer luIl, explicit aud categori
cal answers, from the gentlemen Thorn
selves. Ii they "in,snd to play fair they
| will no doubt furnish the Information.
! Il will be remembered by most Of our
readers that during - last session OF the
Legislature "the Atlantic aud Pacific Rail
road Company" was represented IN this
city, by It's agents, Levi =. lhatiield, T.
Butler King, and others, with the view OF
obtaining the charter OF the Pacific Rail
road for that company, from our Legisla-
ture. 1t will also be remembered by metn'
beers OF the Legislature, and Others, then in
/ Austin, that a wan, OF confidence tn, and a
d,strust towards that company were OK
pressed By many. Whether in consequence
/ OF that want Of confidence and the distrrst
| that was felt, It was understood that u
company composed Of citizens OF Texas,
had been or would be formed to enter into
| competition with the New York company.
/ for the contract, uuder the act Of the l.s-
gislsture. The law was passed, the Legs
laIure adjourned, aud the Governor issaed
proposals Ior the letting ol the contract
10 August lnst. Robert j. Walker, aud
T. Butler King. and fifteen other gensle>
men citizens Of Texas submitted q joint
proposal to the Governor, and the contract
was awarded 10 them. subject to the cons
dulon designated 10y The act requiring h
deposit OF $500. 900 as guarantee, WITHIN
the period prescribed The terms and con.
dhious upon which the Texas company
WAS formed, aud the correspondence which
took place between it and the New York
company, and which resulted in II union OF
the two companies are matters, within the
knowledge OF the parties aloee, aud their
confidential friends.
|, thercNere other considerations enter.
ing isio this coalition between the two
companies, ihaa 'hoso which proceeded
from a desire 10 advance the interests OF
the state, by constructing the road for the
leghima,s profits of the enterprise. the PEG
pie OF Texas have M interest in Knowing
wha, those considerations we're We re.
specifically ask of the gentlemen interested,
the following questions
lst, Was there not company pfiTatess
iofmed in this city during the sitting OF the
last Legislature, With y,e~ OF competing
With the New oik company for the Pacific
Railroad contract
al, We're not preliminary arrangements
entered into shortly afterwards lor a eoall
ton beisetn the two eompanles'
30, Did mol toe executive committee Of
the New for& company subsequently, pass
the following resolution
kfsolccd, That Robert J. Walker, T.
Butter hing, and JeptAa fowlkes, or n ma>
lori,y oi them, be, aad they are hereby
authorized to submit, to the Governor Of
the state OF Texas a proposition. on such
terms AS they may deem best, for construct
| my. equipplng, aud operating the Mississ
ippi aud Pacific Railroad, as authorized by
The act providing for the construction OF
SAID road, passed BIZ the Legislature OF the
state Of Texas. aud approved the .lst Of
December, 1858. aud tina, they be author
ICED to contract with the Governor OF said
state for building. cquipl,ng, and operating
said railroad, on such terms IA they may
deem best pursuant TO the provisions OF
said act, and that the enid " alker. hing
aud .owlkes. or n majority OF them. be
also authorized 10 associate with them ~
said proposals. contracts, and gaarastees.
sucn rsxkoss AZ rHrs NAY sELrer; ard
that they or a majority OF them be further
authorized TO organize the tompany, under
.a.d law, for tho building, eqnippng. aud
ops ating said road. aud eieciisg the direct
ors thereof
l,h, Did not Walker mud King Of the
one part and the hit., gentemen COM
posing the Texas company OF the other.
enter into written contract IN this city
during the mouth Of August last, by which
a UNION was effected and under which
Join; proposal WAS submitted 10 the Cows
efnot ios the Pacific railroad contracts
II such contract was executed, you are
requested to exhibit, it, tina. the people Of
Texas. to whom you have appealed. and
who sou expect will take stock in the road.
,nsy know tue terms upon which they are
expected TO invest their money in your On
,erpr,sef Whether tho high contracting
parties hsv. not reserved to themselves, The
entire administration OF tho AFFAIR." Of the