The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1857-06-13


RAILROAD COMPANIES.
A. We had not conclud our remarks
upon thi' subject, We propose to resume
them in our present issue.
We have shown
let That in the passage Of the Mem,
rhis. II Psso. and Pacific Railroad charter
that the Legislature OF Texas did not in
tend to create q rival Pacific road across
her territory. On the contrary. that it WAS
contemplated, and to the obvious ints,es,
Of both companies, tina, they should unite
at some point beyond the Trinity and run
a common stem to FL Paso. Tina, the
Southern Pacific Company having the frs,
charter, must consequently control the
route that two roads beyond the poin,
mentioned would involve an immense cost
eft and the additional fact. that the State
had specially provided thu, tho Memphis
aud III Paso Company should no. interfere
with the privileges Of any other company
ia existence at the time its charter WAS
passed. showed clearly that \ separate road
from tho Southern Pacific WAS contempln.
ted ONLY IN the event that the State failed
to get y central road across her territory.
2nd. ". mex, showed, aud endesvored
to demonstrate, that without assistance the
Nemph. and FL Paso Company could
no, in all probability comply with the pro-
visions of its charter
Bird III. propositions OF the Southern
Pac tic to the Memphis and III Ps'o com
pan, we're OF an exceedingly liberal char,
acter
The Southern Pacific agreed to survey and
sec,ionize the lsnd within the reservation
within the time required by law. Thu.
proposition not only relieves the Memphis
and FL Paso company from an expenditure
Of about four hundred thonsxtd dollars,
e
to the Legislature ior All extension OF time
which probably could not be obtained
sgains, the opposition of the Southern Pas
chc Company. because It would be EN-.
courAeing n rival road through Ters',
which WAS no, intended when the Memphis
aud III Paso charter WAS granted; and also
/ because It would be absorbing a large
quantity OF the public lands which will be
wanted by other companies, aud a, the
sam. time cndaneerIng the Texas route 10
10 this Pacific by rivalry and discussions,
/ The Southern Pacific next agreed 10
furnsh the iron for the first twenty five
miles OF the Memphis aud FL Psso
soad. This and the frs, proposition to
survey aud sectionze the land, will relieve
the Memph. aud ri Psso company from
raising more than half n million OF dollars
to pay for iron aud surveys. alta time when
/ all the means Of hs company should BE-
applied to the grading of the frs, hundred
miles Of their road, aud will probably ems
able the company 10 rsise funds enough on
the land they will obtain for the completion
Of the frat section of twenty Ave miles and
subsequent sections, to complets the entire
work, without, asking for any further sub.
scriptions to stock. so that the present sub.
scr,bers will own the whole road with all
its equipments
The third proposition, to share equally
any contract which may be obtained from
! the Federal Government, secures the mus
,s.l efforts Of both companies to attain this
object.
By tn. union Of the two roads IN the
term. proposed, the Memphis and ~ Psso
company are at once relieved from all OF
III. onsrous conditions OF their chatter
thew have little els. to do than to grade
their road, which can b.. done hy the labor
Of the county, wl,hou, borrowing or en-
l.,,ng the aid OF for-isn capi,sl. II will
rive conhd.uce tina, the work will he pros
eea,-d rapidly to completion; Tor the
Southern Pacific company will bs douhus
Interested that there shall he so failure N
the terms OF the charter The stock vii
b. owned al home, and the profile OF the
road will no spen, IN the countfy, Instead
of going nbroAd to 6ll the pockets OF ior-
eign .,ockJobbers; IN which respect It
will possess superior advantages to any
road IN Texas.
Let it be understood sbrosd that the two
compsnie. through Texas have uoitcd. aud
that both roads are being prosecuted rapid
". aud tn. result will be that It will Fix the
idea in the public mind every where. tina,
the route through Texas il to be tho great
thotoughfsrs 10 thu Pacific The friends
of the Ouaehita and Red River Railroad,
the Cairo and Fulton road, aud the Mem
ph,s road, will exert every effort to form
connections with il a. early = Gay a. P'sc-
tieshls, in order to reap the rich harvest
~h,cb ths Pacific road will bring. Hut