The true Democrat., 1856-11-25

amidst bitter disappointment on the part of this company and the country, the subscription books were purposely closed. It is claimed as but the dictate of common honesty, that deter mined this company to refrain from inspiring vain hopes, and obtaining money in behalf ol an enterprise, the success of which, as far as legislation could go, was made impossible The company do expect "to receive aid from other sources than those subscriptions"- IS, if the action of the Generel Assembly justify their asking it. Until then, they can expect none, and will ask for none, for it would tend to no good, but evil, rather, and disappoint- ment Though but recently called to my pre- sent position, am aware that the affairs of this company have been managed with strict econ- omy that its receipts have been applied in the most economical and judicious manner, to pre- liminary surveys and other objects advancing directly, the work in hand. On this point in- vite the scrutiny of all who are disposed to en- quire; to whose inspection the books of ac. count and vouchers of the company, will be cheerfuly submitted. 1 refer to this point, to l assure you that the company has not moved, | except in safe and legitimate direction, and that 1t does expect, and has right to expect, aid and confidence, and the cooperation of capital, whenever in position making it prudent and proper to require it
 The company expects aid in subscriptions to Its stock to any amount desired; for this is an enterprise dear to the people of Arkansas, and safe too, for 1t is to begin new erain the his tory its prosperity; and from its advantageous line, and certainty of heavy business, it gives promlse ot fair returns for the capital invested.
 The principal aid, however, Is to come from abroad. American railroads are not built, and most certainly Arkansas railroads are not ex- pected to be built from domestic resources. The directory of the company expect to 20 into the markets of the world with its good name, and credit unsullied, bearing in their hands as security for the means desired for their work, at least one million acres of rich and valuable lands, which they will offer in pledge for sufficient sums of money to complete their road in the shortest possible time They will expect to succeed, for others have succeeded be. fore them, and what others have done for other States, We will undertake to do for Arkansas The compauy expect success, yet not without years of toll, of struggling, of losses, of reverses of opposition and discouragements. The com pany possess most commanding line-uniting as It does, with the most distant States and di verse tes,-brnging near together the in hamtants of the torrid and frigid zones-ming ing as It were the waters of distant oceans enabling the inhabitants of opposite climates to interchange the fruits of their industry-weld- ing together the Union in iron bonds. and con- trlbutlng to our national strength and prosper lty. In this thing. sir, I fee! that this company IS pursuing no sordid, selfish end. We expect to be prohted, it is true--to receive return for this risk and labor; but we expect to profit our State still more, and our country beyond measure.
 l have to inform you that in correspondence
 
 country, this company has,-not promises nor assurances, but encouragement sufficient to in- splre confidence, that their line is appreciated and that with the security afforded by the do- natlon ot lands made by Congress in aid of their line, they will succeed in making arrange ments for completing their road within the re- qmred time. Any information or assurances on this subject, will be cheerfully explained to yourself, or any other interested. Thus far in the experience of this company, very little has been said or done which all citizens of Arkan saS might not safely know; for the labors of thiS company concern, in an eminent degree. the Interests of all. There are. however. oc. casions, in the history of all enterprises private as well as public, which demand circumspec- ton and reserve, to be determined as the exi- gency may arise.
 In conclusion, will say, in the uniform lan- guage of this company, that laboring as it is for the good of the people and the country, as much as for any profit there may be in this en- terprSe, the directory have been ready at all times, to cooperate in the most effectual way. for the prosecution of this much desired work. and that no private interest or personal feeling ot theirs, is deemed of sufficient moment to de- lay 1t for single hour, under whatever man. asement it may be placed.
 Do not understand, sir nor permit it to be understood, that this company asks or expects the legislature to pursue any particular line of policy not dictated by the strictist regard for the public good. IL is only necessary to say. that if the accomplishment of the great and necessary work in question, is to be confded to this company they desire, as indispensable to success, to set out encouraged by all the aid the General Assembly of their State can properly slve and sustained by the confidence and kind cooperation of their fellow citizens.
 Very respectfully,
 your obedient servant,