Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-08-01


SOUTHERN PACIFIC RAILROAD COMPANY.
This Company, as the public is aware, AsE
been rs-0F suizcd, and is omoe has teen changed from
Of the Board Of Directors, . copy Of which Is hereEiu
sPpended
additional southern Directors, to-Eft: il PERSONS.
q the hrm Of J. !. Persons 4 Co. and SAUNDERS. Of
the nrm Of ward. Saunders n Hunt, and A NJ Boil
Brook have teen eirced; an Of whom are gentlemen %
ths highest character aud capacity. Ths Board o. Direc-
tOn as now constituted, contain a majority Of southern
1 bsvs ne fullest and most entire oouh5enos that the
great object Of tbs charter tO-wt- the construction o.
he road through The State Of Tsxas, and eventually 10
he Paci3c. ~fu - fl1ly accomplished.
or the twelve millions o. stock authoIized 20 Be issued
by the above resolutions, and on which only i've dollars
per share Is required 10 b. paid, upwards o. seven .nn-
iJns. o. szventy thousand shares, have b-n taken Of
SeE Orleans. OF the bsl1nce Of aid stock, one mi lion.
T ten thousand shares, vii be oGered for sale On Mem
phis. Books for it gubscuptHn via b cpenrd ~ tins
day Friday, the LIST OF Nay, 1t the Bank o. I. b. EIRT-
LASn, and rnl continue oPen T. a few days only
The rasd Is rapidly progressing. Twenty miles only is
required 70 be finished BY the i5sh Of Fsbruary. Or
thsse. ten mile are noW rradfd andotoss-thd, and sbout
{ sur more graded and ready for the crsss-ti-s and rails
twenty-five hundg d tons Of rails have been ~purcha.ed
and paid tors o. watch upwards Of twenty four hundred
tins have been satpped % the point Of destination al
which they are hehded.
CONTRACTS have been made, and suaioent force is now II
wuTk upon the road TO osmplete, not only the twenty
miles Above required, bot az least twenty I'VE miles b
he tine shove designated. The charter, and all the do
uaii0ns u Lands privileges ana rights EiEen By IA, are
NAans LEN0L4 llAlAs fEAALEA T. inc LTlNllN.
when I accepted the P~resisencs OF this Company. 7
sisted that I u. I, and YET beiieve, that This rosd vii
prove a great national beneft; that with ~judi,ious man
cement 81 can soon b made that The charter privleges
md grants are Of . character 70 rrslize to The stock
holders IN fuuense pro1t; that securing this charter
aud bul1ing az 0noe even fuy mHes O. the road, viii e.
frtuzIly and forever rtcure this route a. The connecting
lax between TIE Pacific aud Atlantic ooesns.
But IN relztton 10 all these matters. . candid public must
lHdge for Itself from TIE foloEiHs statement % facts:
The LEisstureo % Teas pass-d an act Incorporating
rzurosd company under ihe name Of Texas Western
hAilrosd Company which b a Subsequent art, was
cEsnged 70 thstof he e southern Pacific Railroad Compa-
as.1 This 10 the eh.rter under which this Company has
been organ ed By the terms o. TIE charter "a oomps-
~ is 1UlhorlEed 70 construct = railroad from SINE suita-
DE point On TIE Eastern Boundary lire Of Texas, and run
uing such course a. thy nigh drtermias 70 r. Paso. en-
The Rlo SrEnde, giving 70 the cooperation an the nsors-
ss-y powers to carry into eject the object Of the grant.
The chatter gives the Tight 70 take aud bold 20 much Of
the public land through Which the road might pass. not
rosediuE Two bundied feet vice. for The trsok Of ne road
such ~sddiiioBsI Wsdtb ss miglt b Necessary Cor de
pots, ett-
Il also gives 70 the company eirst sections q land for
every mile Of railway sctualiy c-mpleted by h and reads
for use. The deP'h Of three miles on each aide OF The rosd
beng eEtiuea o aternste sections By an act q The leg
.sIsfure, passed IN 1854, the Company became entitled 70
=iEhr sections more, Z Be heated sn AM o. the public
.Ends Of The state making IN al SIXTEEN sections Of land
10 the mile, OF eight miuions and seventeen thousand
,ces oflsnd for The whole line Of road
By znsther act Of liz legislature o. TEXAS, The Board Of
school OumEissioners were directed 70 loan to legally in
,9rporaied rafuad companies CAT Of the school fund IN !
heir hands (being United States bonds, bearing ave per
- - 1HANA 1NANAA ~ 10y 4Ia VI LNN j
Fhen said ooEDpsny hail have completed fn a Eood and
manner. a oontinu9Us section Of twenty I've
nles, and graded an a1ditional consecutive section Of
miles, and the same for every addition al con j
secu i've secuon Of ten miles, which shall be oompleted
nd Ersded.n /
This nunihcent dOnsio-, il vii Be Peru lred al once.
4 net only sufhsent OF Itself 70 build TIE road, but VIII
{ the same l. vel lOczted and the company properly 4
managed. after finishing the road leave . surplus OF nil
Of dollars 10 Be divided among the stnckbolders. Tie 1
highest estimates made for the completion Of the road
hTo1zh Texas, furnishing engines, cars, etc, is twenty
anlions Of collars.
II The lana shouid only average Eve dollars per acre,
= sale vii am0ant 70 upwards q forty millions. This,
ftsr building and e~qu'pping the road, leaves q surplus Of
wenty nils01a. /
This great enterprise, although truly . national one,
0mmends Itself particularly 10 the South. II not emily
Yin secure the SOuthern uutes % the Pacific. but y ID BE-
be means Of forever rerpetuztinE the Union o. fhe
tzteE. Nd cities VIII Be more benefited b. this read
han Memphis, New Orleans and Vicksburr. By means 4
Z the Opeiousas Road, u vii connect with New Orleans
y means Of fhe Cairo and Fulton Bead, With Cairo. and
leTsphis and Little RScks Il VIII connect with Mtmphis ;
nd b. means o. the Ticksburg and Shreveport Road, il
III oounea with TickseuIg, Gaines Landing snd St.
b. these roads also. GEO. s n !
PresidsnL &C.