Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-07-17

SOUTHERN PACIFIC RAILROAD COMPANY

sNnif Nain-st % o0or noTtn horsham House
SOUTHERN PACIFIC RAILROAD COMPANY.
This Company, as the public is aware. has
been re-orssuised, and is omce has been changed from
q he Bosrd Of Directors, = copy Of which Is herewith
appended-
A Secretary. Hr.GEoRGE ". LAwR.soS, and thres
~aaditional southern Directors, to-wit IL PERSONS,
Y the arm Of J. J. Persons & Co, and SAUNDERS. Of
ihe arn o. Ward, Saunders h Hunt aEd A. N noL
BROOK have heeE eiecteds slo whom ARE genuemrn q
TIE highest Character and capacity. n Board OF Direc-
tors 81 nov constituted contain q majority OF Southern
members.
have the fullest snd most entire o,Bs4snoe that The
srezt object Of The charter, to-Elt TIE construction OF
he road fhrough The State Of T.xas, and e~veltuaHy 10
the P3ciacs viii Be iulE accomplished.
OF The Twelve millions Of stock authorized e Be issued
By the above resolutions, and on uhich only Eve dollars
Per sh4reis required % b. psid. upwards Of seven nil
nonss Or seventy thousand shares, have hen taken u
Sew Orleans or the balance % said stock, one nj Lon.
ten thegssuf shares, vll be Cnered f0r sale inzAenl-
phis. Books fT it. snbscrlption vii BE- opened ~ this
day Fridas, ne Ist Of Nay. u the BzHk q ]. b. EIRr-
LAND, and viii continue open II a few days only.
The road is rapidly progressing- Twenty miles only is
required % Be flashed BY the I5ih OF February or
these, ten miles are now graded and cIoss-iied, and about
f-ur more graded snd ready for the cress-ties and rails
Fveuty-hve hundr d tons Of rails have been ~purchased
and paid for; Of which upwards Of twenty four hundred
TINS have been shipped to the point Of destination a.
which they arr Reeded.
Contracts have been made. and suacrut force is now Al
work up0a the road 70 complete, not only the twenty
miles above required, but a. least twenty i've miles BY
he time above designated Ths charter, and al the Do
nations q lands, PRIVILEGES am tights given by a., are
ghus, beyond doubt secured 70 The Company.
when accepted the Presidency o. this Company. I
stated hat n n, and yet believe. that this rotd viii
prove a great national benei Il; that viii Iudidous man
cement Il can soon be made; that The Charter priyUeCes
and grants are Of a character TO realize 10 the stock
aOldeFs an immense pro1t that. securing this charter
sne behdins sto1oe even any miles o. the road, win ef-
tectusly and forever rtCuTe this route as the canoeing
ink between the Pacific and Atlantis oseanE.
But IN relation 20 al tnes@m matters a candid pubic must
Judge for Itself, fr0m the foii0EinG statement OF facts.
The legislature Of Texas Fassed an act Incorporating q
railrOsd COMPANY Under fhe name OF Texas western
Railroad Company which. By 8 suoeaqueut art, was
c~EsnEefto thatof fbe- southern Pacfnc RaHroad Gonna
~" This is the chsrter under which this Company Ia
been organ 'zed. By The terms Of the charter tn comps-
ny IS authorized 70 -construc. q railroad from : me- me-
Ole point On the Eastern Boundary Iine o. Texas. and run
1ing such course as they might determine 90 q Paso. N
he Rio Grsnde, giving @ The o0rporstiaa an The nsoes-
AIRY powers 70 carry inio eject the oblsct OF the grant
The charter gives the right 70 take aud bold 50 much OF
lie public land through which the road might pass. not
and such seditiooa width IS migtt be Necessary for de
pots etc.
It also gives to the cOmpsny eight sections Of land fer
every mle OF ranTey actually nIpleted b. Il and ready
Tor use. The drpfh d ihree nies On each side OF me road
q reserved for The use u The Company All the state, each
BENG eEtiued 70 alternate recions. By an act Of the 49,
slsture, passed in 1854. the Company became entitled 4 ]
light sections more, 90 BE- heated on suy o. the public
iaHds Of he state making n al sixteen sections Of land
acres o. land for the whole lns o. road.
By another set Of the LEGISLATURE Of Teras, The Board Of
school Commissioners were directed 90 loan 10 legally IN ]
o5rporated rsilrsd companies ozt Of ~ scbooi fg5d In l
heir hands fbeinE Uniued States bords. bearing i've mr. 4
cent six tbousand dollars for HfveIy nile o. railroad /
Ehen said company hail have oompieted. 10 . good and
substantial mauneTs q oonIinuous sectlon Of Twenty I've 1
niles. and graded an additional consecutive section OF
Eeuty-fFe miles AID the same for every sdditio1 a. Con-
~secu;ive section Of ten miles, which shall be completed
aud GRADED"
his muninoent eoaatio7, it VIII Be perceived At once,
h. not only Eum1ientof itself 70 build the road. but will. 1
Tue same l. Wi heated and the company properlv
managed, after finishing The road leave a surplus OF mil
ious q dOlarst0 b DIVIDED among the Stockholders. T.e
highest estimates made Tor the completion OF abe road I
through IeIass furnishing engines, cars, ETC., Is tEeaty
Millions q dolzu-
II the lsni -houid only average i've collars per acre.
ts sale VIII amount % upwards " fory miiions. This.
alter building and e1uPping The road, leaves = surplus Of
.Senfy millions.
his great enterprise, although truly national one.
aomme7dE dseif particulsry 70 the South. II not euly
Fi secure tie Ssuthern urtss ta The Pscnc. but y fl b.
he mans Of forever rerpsfuatinE Ghe Union Of tn
states. So Giles wiz b. Eole brnedrtei By fhis road
Memphis, New orleans and Tick>bHrg. By means
= The OpeiOusas = asd. q VII connect with New Orleans
b meaBs q the Cairo and Fuiton Rad, Wlih Cairo. and I
sEd Little Rvrk, it Uul connect with Memphis: I
nd b. means Of the Vidksourg and Shreveport Road. ID
gil .oonnect with Ficrsbuig. Games Landing and ST
ouls By these roads ai-0. GRO. s r g j
PreF6eEf, &c.