The true Democrat., 1856-11-11
From the Cairo Times and Delta Cairo, Fulton and Ell Paso
 Railroad.

Cairo, Fulton and Ell Paso Railroad. Since the final location has been commenced on the Calro and Fulton Railroad, and there is prospect of the work being speedily con- menced, under the most favorable auspices. our readers must have acquired new interest in the project and doubtless they will be pleased to learn the prosperous condition of the through line to Fl Paso.
 That the Cairo and Fulton road will be built. Is now reduced to a certainty. The available means are ample, and the confidence of cap- tallsts has been so far enlisted that they are ready to answer any reasonable call.
 The means in hand and attainable for the Missouri division, are put down as upwards of four millions of dollars, while the estimated cost Is only about a million and a quarter. These means consist of the Congressional grant of six sections of land to the mile the swamp lands so literally granted by the counties through which the road passes, and the State loan of S25O,OO0. The lands first granted are among the best in the State, and cannot possi- ply bring less than five dollars per acre, when Shelr value is appreciated by the building. or even location of the road. They are now all selected and plated, and the title of them con- hrmed to the company. The swamp lands appear, from the sales that have been made. to be fully as valuable, if not more so, timber be- Ing considerable item in the estimate. The State ald may or may not be accepted by the company; but we should hardly think it's ac- ceptance advisable, hampered as it is by ncon- venlent restrictions, and as the other means of the company are much beyond their neces- sities
 only lty-u tb t,I-o ion has been the action of the last Legislature the only Know Nothing legislature ever elected in Arkansas. This body was composed entire y of Memphis men and swamp land specula. tors, and, while it granted to the Memphis branch their lands free and clear of restrictions except those imposed by the act of Congress. 1t cnmbered the Cairo and Fulton grant with So many and such onerous restrictions and pro- vlslons that 1t would be impossible for the company to make use of the grant for the pur- pose of building the road, and consequently they decided not to accept it as offered.
 The present legislature, however, is of an en- tlrely different complexion, free from Memphis influence, and decidedly favorable to the road and we entertain no doubt that the lands will be made over to the road with no other restrc- tons than those imposed by the act of Con- Sress. We notice, also, in our Arkansas ex- changes, that meetings are being held in many countess urging the importance of the road and advising the legislature to the course above mentioned. As soon as the legislature shall have done Its duty, the work upon that divs- ion will be commenced and vigorously prose- cuted. For these reasons we are confident in asserting that the Cairo and Fulton Railroad is now fixed fact, and that few years will wit ness its completion.
 But this is only one link in the chain of the great south western direct route of which the first link, the Illinois Central, has been lately completed, and IS In most successful operation At Fulton we connect with the Galveston and he'd River road which at our last accounts was Tn operation thirty miles north of Galveston, and progressing rapidly on the next fifty miles, lhs road Is three hundred miles in length. has lana grant of ten thousand acres to the mile and IS entitled to State loan of S6OOO to the mile. 1hlS road will be completed as soon as the Cairo and Fulton, if not sooner, and will complete the connection of the extreme east and the great northern lakes with the interior of Texas and Galveston bay. Then, not only will the south western travellers take this direc- ton, but Texas will send the products of her fertile fields to the north and receive her SUD- plies of manufactured articles by this direct and rapid route, instead of the present tedious and crcuitous method
 | But there IS also further western connec- ton, even more important than this The DOT ton ot the line of railroad running from Ful. ton, through Texas, to Fl Paso says the Austin (leXas) State Gazette, has received most mu- nlhcent bounty from the State of Texas Eight | sections of land per mile are guaranteed to it. ana It IS entitled to a loan from the State of six thousand dollars per mile. To secure the pro- per use of the lands, and ensure the building of the road, the company is put under the,folow- ing restrictions
 lst. They must survey, sectionize and num- Der the sections and fractional sections of va cant land in the reservation, within four years from the first of last March, or lose their right to the lands.
 2d. They must commence the construction Of the road before next March, and have com petely graded and ready for the iron. at least one hundred miles, by the 4th of March, 1860. or forfeit the charter
 | Sd. As soon as the Cairo and Fulton road reaches Fulton, the work must be commenced III Texas, and ten miles of railroad put in ope- ration every year, under penalty of losing the land.
 4th No rights vest in the company until StOO,OOO ol stock have been subscribed and two per cent paid into the hands of the treasu- rer And no certificate for land will be issued until satisfactory showing is made to the Gov eriior that a million of dollars of stock has been subscribed, and at least five per cent paid there- on.
 1 5th. Two-thirds of the directors must be cit. lzens Of Texas, and every election must be held in the State.
 1 I'M
 The Texas State Gazette says that the con- pany have succeeded in raising one million of dollars Of stock subscriptions; that they are go- Ing earnestly to work, and with proper care and prudence will merit the confidence of the people and insure the attention of capitalists.
 Thus It will be seen that one link of this great worlds highway is completed, another IS progressing rapidly, third is ready to be put partly under contract, and means are abun- uantlV DrOyi6pI for tho fourtb