Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-07-18
CranberFies.
TEST Received, 20 bbls. Cr4Eberiesi
II n. POTTER,
july Main 81 "a door north Worshain House.

SOUTHERN PACIFIC RAILROAD COMPANY.
This Company, as the public is aware, has
been re-OusaniBed, and is One has been changed from
New Toik 20 New ORLEANS. accoH1Irg 70 The resolutions
Of the Board q Directors . copy Of which Is herewith
appended
A Secretary, Mt. GEORGE ". LAwaIsoS, and thres
additional southern Directors, to-Eit- IL PERsOSs,
u the hru Of J. J. Persons & Co, and SAUNDERS. u
the nrm Of Ward, saunders A. Hunt, and A. N. HoL
BROOK have tech elected; ell o. whom are gentemeu o.
toe highest diameter snd cApscity- The Board Of Direc
tors, as now constituted, eantsin . Dsj0nty OF southern
m-mbers-
nave The fullest and most entire canh3ence that the
Ereat object Of the charter, to-wit the construction OF
the road throagh The STATE Of T-Nss, and eventually 10
the Pacific, viii b. fully ACCOMPLISHED
OF The twelve millions Of stock authorized 10 be issued
by the above resolutions, and on which onv i've dollars
pr share is required 70 b paid, upwards Of seven mil
lions, or seventy thousand shares, hsve be,n taken 81
New orieznS. OF the balance Of said stock, one mi lion.
T ten thousand shares, Will be offered for sale N Mem
phis. Books for il, subscuption vii b. opencd m this
lay. Friday the LIST Of Nay Al the Bank o. ]. b. KIET-
LAND. and wa Continue open q a few days only.
- OW- :
required 70 be finished ~ TIE 10Th Of February OF
thess, ten miles are now graded and cIOss-tied, and about
FUR more grated and ready fer the crsss-ties and rails
Twenty-Five hrndr d tons OF rals have been ~purohaset
and paid for o. which upwards OF twenty four hundred
tins have been shipped 70 the point Of destination al
which they are needed.
Contracts have been made, and sunc1nt force Is now a.
EGk uPon the road 10 cimplete, not only the twenty
niles above required, but a least twenty I've miles BY
lie time above designated The charter, and all the Do
nations Of lanes. privileges ana rights given By u, are
thus, beyond doubt, seSuTed u the Company.
Mlcl I accepted the EresllEncf OF Ills Company. ]
sisted thAtl n n, and yet believe, thst this road viii
prove u great national bene IT, that with 1~udirious man
.gement It can soon BE- made; hat the charter privileges
and grants are Of q character 70 realize 10 The stock
holders an immense proat that. securing his charter
and building 81 once even Fifty miles o. the read, wln ef-
~fectuEIly and forever secure this route as the Connecting
Ink between the Pacific and Atlantis Ossans.
But In relation to an these matteTsa candid public mus,
iudge for itself, from the fdloSing statement Of facts
The legislature Of Texas passed an act Incorporating .
rathuad COMPANY under the name OF Nnexss Western
Railroad Company" which. by a subsequeut act, was
Changed 70 thstOf the q" Southern Pacific Railroad C0mpa-
ny" Ihisis the chsrter under Wsich this Company has
haen organized. By the terms o. the charter n compa-
uy Is authorized 70 construct q railroad from :, ue suita-
be point On TIE Eastsn Boundary line OfTsEs, and run
ning such course as they might crtermine 20 e Paso..u
he Rio Cranes, giving q The oorpOrEtion all the neoes-
airy powers 70 csrry mo effect the Offset OF the grant.
The charter gives the right 10 take and hold 50 much Of
he public land through which The road might PAS. not
Eoeeding two hundie d feet wide, for the TRACK Of the road.
aBd such ~sdditi0Dsl width as miglt be Necessary for De
pots. etc.
II also gives to the company eight sections Of land fer
every mile Of railway actually clmplsted By 10 and readv
for use. The cepfh Of thTee miles on each side OF the road
Is reserved for the Use Of The Company AZ Z the State. each
being ertiued 70 aternate ,ec50as. By an act Of the Leg
islstures PISSED 10 ls5A, he Company bezme entitled T.
eight sections more, T. be lc1trd OF any q the public
iands Of the state. making IN al SIXTEEN sections OF lsnd
= the mix, or eight miaians and feventeen thousand
acres Of land for the whsle hoe OF roaa.
By another act Of tn Legisst5re q Teas, the Board Of
school Commissioners were dirtcted % loan 10 lersllv in
heir hands feeing United states bonds, bearing nv pr
1ent Fix thousand dollars for every nile q railroad
$3.50 N@1 AaAaE@@a N@[N AA AAENAA III a aLNA aLA
SUBSTANTIAL manner. . contnu0rs section c. twenty I've
niles. aud graded an additional consecutive section %
twenty-hve miles, and the same for every addition Al en-
secuiire section Of ten miles, which shall be Competed
and GRADED"
mis- munihcent d~onafio-. 1t viii be psro ived At once
h. not only su1cient Of ifself % build the road. but will
4 the sane i vel l0czted and the company properly
managed. after finishing the road leave . surplus Of nil
iious Of dollars 20 Be divided among the stockholders. TIE
highest estimates made for the completion of The road
through Texas, furnishing engines. cars, etc, is twenty
nHlions Of dollars.
II the land fhould only sverige Eve dollars per acre.
u sale VIII amount q upwards Of forty mulians- This-
after building and equ.ppng The road. leaves a surplus Of
twenty Millions
This great e~aterprise, although truly q national one
commsnds Itself particulsry 10 the South. Il not sBly
VIII secure The southern routes 70 The Psciac. but y III be
ihe means Of forever Terpetusfiag The uaion Of tn
States. Nc cues vii b. more brnediteI b. this road
than Memphis. New Orleans and NickSbarg. By means
q the Opeousss Rad. q vii connect vita New Orleans
b means Of the Cairo and Fulton lad, with Cairo. and
Nemphis and Little R0ck, n VIII connect with Memphis q;
and b. means Of the Vicksburg and Shrevep0rf Read. ID
viii connect with Vicksbuig. Gaines' Landing and 81
Louis By thee roads also. GRO. 5 NERGER,
Prssideaf, SC.