The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1855-03-10

The revelations in regard to the Sussex
lion Company. 10 be found below, will
.,mmand attention. The grand swindllng
,...rn embraced in rendering the stock OF
the tennessee bank was apparent, mud we
.louid not that this Sussex stock, when all
che facts are elected, viii no, appear in u
sore favorable light.
/, il we'll known 10y our citizens that,
.i..e. the refusal OF Governor Pease 10 re-.
...sye the Stock OF the Sussex Iron Com.
,,,u, of New Jersey IA n deposit, It has
=. nigh; naturally be expected. produced
.nir,, ct inquiry ~ to the real character and
.,.ndinr OF this Company not tina; they
had the least hesitation IN the practihilily I
,be course pursued by the Governor, but
,s,ber to see how far our State would have
b.en humbugged. had We had ut that time a
less pfoyident man in the Gubernatorlal
chair.
4 highly respectable gentleman oil our
..ty. DESTROYS 81 knowing the real value Of
,be Stock OF this Company, addressed II let
O. tU n
,,en,bcr Of the Legislature Of that State,
and every way reliable, making inquiries as
:, the condition, standing aud character Of
the " Sussex Iron Company" The follow
.-pex,rael from the letter OF the gentleman
+, repy shows that the stock is bubble,
aud flllr yindicates the course Of Govern,
ar P,asc ia rejecting the deposit, of this
81. 4
the fret section Of the Mississippi aud Pa,
effc Railroad How lar it exposes to the
citizens Of Texas the real intentions of
Walker and King, who could not have been
ignorant Of the facts hero stated. we leave
the community to decide. We have before
" the act OF the Legislature charterng this
Company. Section ID, provides that the
capitol stock of the Company ehall be
$3.50 900 but as soon RS $50 600 is subs
scnhcd aud paid IN lawful money or current
hank notes, and an affidavit of the directors
20 this effect fled with the Secretary OF State
the Company caH commence busiacSs, Aud
IS il commenced operations with $50 GOO.
ldging from the present condition II is in,
we may naturally conclude tina, its capitol
has never increased since tt opened When
the origins,ors OF TIN scheme found their
riaus were discovered, 10 doubt the tlspo-
sition that came over them was, " . for
lodge in some vast wilderness" Bu, to the
attract from the letter advcrted to above
this letter is dated January DIST, 1853, and
the extract Is rs follows
Y Gu wish to know the value Of the Sus
. , 4. I.
concern, or ono Of the mooushine affairs so
often met with | did not know much
about the Company until made inquiry at
YOUR request. | hnd lhnt It is a bubble and
.urhaug else; made inquiry in Moris,own
,sf week. being there attending tonrt, aud
could Gud OFT lltt'r or nothing, but Wa, rec.
.mmentcd To VI Sr'alley, Of SAnhnpe,
whom went 10 see yesterday, and found
'bni tho property owned By the compsnY,ls
covered by Mortgage to It's value, and 'hat
t IS really not worth any thing ! Sass the
secretary and tried C get a copy Of the
{ barter he had none bat said could got
one Of the President, Mr. Post, in New
! ork So take from many phamplcts the
charter with ,he Supplements, ard send F.
,ou.
NJ. Swallc, aud his partner hold the
unrtrsse on the CnmrAnvs property At
>mnhope. aud will IN ,Ii probability, fore, {
lose next June, when il Is due unless they
succeed in sWindling sowe body ~ San
tnfpnlo Itt;an
Tho river has risen s.x inches since our
last, aud now rising slowly The bayou [
At Jefferson has risen about IS inches aud .
ye afe ctcditaby Informed tn water has .
risen five f.,t at r,r h'ad of the raft /.
Ilen,y rnins Gll %, ClWk.yille during last
week. which accustomed a swell in the
Sulphur This VIII secure us at least
efficient water to give good navigation be /
Neen this port mad ,IeNaudrla The lluI"
augusta arrived here on saturday from
! iier,op. having take" advantage OF the
use ->opfh II cNcfn
President Pierce hns Transmitted orders /
20 the federal 5icers at New Orlrans, New .
! ork aud other aoa ports, for the lnlercep' /.
ION Of an, and all 6llhust'ting parties that
srhts e. uur,nSnt l., ia "a Z