The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-20

We learn, by telesrarhsc despatch from Bosor, ira.
the Exchange Bane OF Bangor Maine, "a thrown cot by
the sanok Bank.
The CITY Comptroller gves Losice that the per
water loan q the city Of New York due Ia,
OF February nexi vii De redeemed par with interest
70 the tine OF payment, presentation OF the bonds ..
his once without waiting FOR them TO reach maturity.
The amount Of the oan "a inside OF million Of doars
The rttsourg ard Chicago EAilroad Company have
nearly completed their bridge the Allegheny river
al ftburg, which brings TIER road into IN mediate
necr with the ennsy vsnia road Thug avoiding the de-
lays and ncsnvenences Of uanshr ment Of IRE ghis.
VII have heretofore occurred at psbUr. me bridge
hGa BEEN built tue approved sud srbs.ArrRl
ner n the cost Of about $50 Ooo and ready for
the lsyins Of the ra!s
The Grst annual repor; Of the southern rae Rsyoad
Company OF Terss has juss beer pdnLsned. II very
fs and contains al the acts Of the Te,w Legislature, A..
thor ug the grant o. and and the loan OF six thousand
dollars ger mile az the construction progTeeses. the
port oreDs Win synopsf a the acts and
ment Of the present cond ION and prospects tie Com
rary sr follows =
sorrEuS PlClc rJrkoln-IGts Rovrr
The charter o. tbs company had passed the Legsis.
, ,ss ana was approved BY The Governor q tsS tho
the name ard syle OF TIC "rexas Wes'ern Railroad
vaay,n which was changed BY az aneriasory act q,
the last scssicI Ct the lssS,ere 10 Inc s,unern Pa
c.Gc Eairct Company. The conrsny 10 authorized,
by the ID section Of The charter, 10 commerce railroad
AT suitable pom. on the eastern boundary rc Of tho
state and thence runrlng BY such ooerse A. TIE con
pany shaI decree sut determine 70 De most SUITABLE 70
y rsso on the RIO ersude Inc ga section syes the
directors anti their scccessors arc chosen.
Tho <,t section makes tie capita stock o. t1e company
and rrss % s % sn Saps os
o. tlc0 eah each share suut,irg owner thereof
one vote ~ h.msel; or proxy
he TN section gives the pover 10 tue comTsry "a
erer upon and Purchase othervse take and bod any
an neces,sry for the prrpose o. eskonsng snd Goa
suucinr ssd railroad, stir al necessary deposs and
other euIdinssr in the mauncr provided 81 the ssh
section
me 18Th section rrsnv egh. sections Of srd az eco
when they become entitled Whenever section o. eve
trhs grant has ben screed 10 rrtser setcas Nv se
act OF son January, 1854 the isi secior o. vhoo rec
~ folous-"Thss any rsiiresd compsny chartered -
suvcips within the limits o. Texas section o. twenty.
i've LES more Of railroad, sts be enutled 70 receive
from the state grant ~ sectors OK ard Tor
every ME o, road sonsuuctsa ard D., IN rcarinr
order.'j
The prcysc Al the closs o. tie ten seaor has teeu 40
olsrred By the smsndaiory act o. the late session
only 10 require NE fret % ten Zoe be graded
ana uiaished with crcssres by the e;t o. Febr0sry
me 18Th section requires that twenty niles a the r.
road he competed BY the leth Of February, 1888
pub c land Tor the roadway, sud much more ss may
he necessary for depon stations, or other work. Of
mis- section also provides tina. when the Railroad or
any branch thereof shall psss through any pubc lands
all such lands, 70 the distance OF three miios IRON
line Of the track each side thereof shall be re-
served the state from and after the time sucb scx
shsl be fxed o, designated by survey, recognition or
ehervse and the ssd lands ~ the road s ccnstruced
sna be divided INTO sccious fronting mile the
road, plainly marked and to these ID lands
company shall have the right by vrtee OF any OF the
certificates sued In accordance with the provisions OF
this ac TO be located, surveyed and patented
for their nee, each alternate section section
instance embracing tract OF land fronting mile
the road, pursuing an equal width and the remaining
ssctiops sha contnue the property OF the sae until dis
poses Of BY the reasiature.
On the 2tth August, 1855 act amending the charter
was passed by the Legislature Of Texas, By which the
name o. the company was changed, and u wac relieved
from the prevsc Of the IL IN section OF the charter
BY The act OF the Legislature Of Teyks Of the 18TH
August, 1859, faosd companies, by complying with is
provisions, become entitled 70 sir thousand dol.
lars per mile ior every nile OF road constructed. Tbs
company, BY reason a. ~ connection With railroad
comrg from an ss5oring State viii be-onc entitled "
the l0sr ~bcr ter mice o. rs rrsd shall have bear
hni'h, ard YER srsdes. any compsey sho =
road does rot connect with ro,d from VI On az
STATE, ctnro, oossir the loan Until hey eps Rave co
sruaed and n'shed twenty-five u 90 9. sscsc ssc
sgsdtc spenty fve N ee mUre
-tt cal r. ~ t4t vup a. Ifr rtft lrtersrt uavrs