The true Democrat., 1856-10-14
From the Austin, Texas. State Gazette, Sept. 13 The Cairo and Fl PasO Railroad.

From the Austin, Texas. State Gazette Sept IS.
 The Cairo and Fl PasO Railroad. Wes see that Hon. Edward Cross, of Arkan- sas, writes letter from Chicago, Illinois, to the editor of the True Democrat, Little Rock, set- ting forth that no doubt may be entertained of the western portion of the Cairo and Fulton road at an early day. Tho means in hand and attainable are put down as upwards of four million of dollars; while the estimated cost is less than million and quarter of dollars.
 The grant of land by the United States ex- ceeding three millions of acres for the principal road and its two branches have been selected, and the plats have been transmitted to the pro- per land offices:
 The preliminary surveys have been made by an engineer of high character and ability; the line surveyed and adopted on the nearest prac- tlcable route; without regard to interests of a local characteristic increase over straight or air line being, from one extreme to the other, not more than seven miles in a distance of three hundred and seventy-fve, and all expenses thus fully met
 In the following month of October, it is ex- pected to break ground at the mouth of the Ohio.
 At the ensuing session of the Arkansas Le- gslature that State will very likely transfer to the road, the lands granted by Congress.
 In view of the magnitude of this work, con- meeting as it proposes, the whole of the vast west and northern lakes with Texas, we feel some solicitude for its success. We design to say word to our sister State. That portion of your line of railroad running from Fulton through Texas to Fl Paso has received most munifcent bounty from the State of Texas All the unlocated lands on the line of the route for eight miles on each side, are re- served and the company entitled to every alter nate section; and under any circumstances eight sections of land per mile are guarantied to it. It is also entitled to loan from the State of six l thousand dollars per mile. With such liberal aid, it must be within the power of any substantial company to succeed. To secure this, the State compels this company to survey, sectionize and number the sections and fractional sections of vacant land in their l reservation, within four years from and after the first of last March, and also in said time to de- posit correct map of the work in the general land office.
 If the company fails to comply with their promise, it is to forfeit all rights in said reserva- ] tlon.
 Again, this company is to commence the con- struction of their road before next March, and have completely graded and ready for the iron at least one hundred miles by the 4th of March, 186O
 A failure to do so is to make the charter null and void.
 Again, as soon as the Arkansas road reaches Fulton, the work must be commenced in Texas and ten miles of railroad put ill successful ope- ration every year, thereafter, under penalty of forteltng all right to receveland from the State.
 And again, no rights vest ill the company un- der its charter until four hundred thousand dol lars of stock, including the amount already taken Tn the Memphis, Fl Paso and Pacific rail- road, have been subscribed and two per cent paid into the hands of the treasurer And no certificate for land will be issued until satis- tdctory showing Is made to the Governor, u at million Of dollars of stock has been subscribed and at least live per cent of 1t paid thereon.
 1wo-thlrds of the directors must be citizens of Texas, and every election must be held in the State.
 Under these salutary provisions check is held upon this company which will be readily conceived, IS most Important for the protection of the interests of the State. The practical effect, so far, realizes good prospect for the future.
 This company commenced active canvass for subscriptions last June and has succeeded, we learn, in raising one million of dollars of stock subscriptions. They are going earnestly to work, and with proper care and prudence will merit the confidence of the people and in- sure the attention of capitalists.
 Now, we ask our sister State of Arkansas to note these things, and to enforce such legisla- ton as will throw similar safe guards around that portion of the road running through her State.
 No solvent company will be alarmed about these restrictions. Indeed, the president of one of our railroads, now pushing its way through the State has expressed his gratfcation at the policy of thus forcing railroad companies to strict accountability.
 The democratic party of Texas will most as- surediy undertake this task and rid our legisa- ture of imported lobby members and specula- tors whe never look beyond the pnnder of the State to carry out their financial operations We do hope that the democratic legislature of Arkansas, soon to assemble will do the same