Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-07-21

SOUTHERN PACIFIC RAILROAD COMPANY.
This Company, as the public Is aware, has
been rs-ou snized, and is once has been DANCED from
New Tork to New ORLEANS. according 10 tbs resolutions
o. the Board q Directors, q copy Of which Is herewith
4 secretary, M. GroReE " LAwRIsoS, and tire,
additional Southern Directors, tO-Vit il PERsoSs,
q the arm Of J. J. Persons & Co, and SAUNDERS. q
The frn o. Ward. saunders q Hunt, and A. n HOL
brook have teea elected al OF whom are gentlemen Of
the highest Character and capacity. Ih- Bard o. Direc
tor, as nov oonstitutea contain a majority % Southern
1 have The fullest Hnd most eatire osnhdenoe that the
great object OF he charter to-wit The construction o.:
the rad through the STATE Of TzxEs, and eveutusliy 20
the Rseihe vii be fully accomplished.
OF the twelve millions q stock authorized % Be- issued
by The above resolutions, and On which only hye dollars
pr share J. required 20 BE- paid, upwards Of seven mil
lions, or s-veury thousand sharess hsve besn taken 81
heg Orieans- o. the balance q sad sock one nj hon,
r ten thousand shsres, Wu be offered f0T sale In Mem
phs. Books for its sub-cr ptiou VIII De- opened on this
day. Friday, the LIST OF Nay. Al The Bank % I. B.. kIRT-
LAND. and viii continue open fr a few DAYS only.
me road Is rapidly progressing- Twenty miles only b
required 70 Be finished By The i6th Of February. OF
thcss, ten miles are nov graded and cToss-iied, and about
fur more graded and ready for The crsss-tiss and rails
TEeuty-fve hundr q tons Of rails have been ~purchased
and paid for Of which upwards Of twenty four HUNDRED
tins have been shipped 70 the point OF destination a.
which they are BeeGed-
Contracts have been made, and sumcsnt force is now a.
woTk upon TIE road 20 c5mpleae, not only the twenty
miles above required, but al least twenty-five miles by
he time above designated The charter, and al the do
nations Of lands, privileges an rights given b. II, are
thus, beyond doubt, secured 10 TIE COmpsny-
when ! accepted the Presidencs Of this Company. ]
stated that I th-n, and yet believe, that fhis rozd viii
prove q great national benefit that with Judici0us man
sgsment u csn soon Be made that The charter privileges
and grants are Of 8 Character - realize 20 the stock.
hoi5es an Immense pr0at thst securing his charter
aud building Al once even hty miles % the road, VII e.
fsctuaIly and forever .ecure this route zs the connecting
link between toe Pacific and Atlantic ogeHns.
But IN relation 70 al these matters. . candid public must
Judge for Itself, from the following statement q facts
ne Legislature Of Te1as passed an act Incorporating
railrOad company under tn name Of "neEas Western
Railroad Company" which. BY . subsegueut set, was
cEsnged 70 that q he Southern Padnc Railroad ompa-
ny" Thisis The ch-rter under which this Company has
bsen organized. By the terms ofths charter ths oomps-
" 9 authorised u Construct a rsilrosd from SINE suits-
be paint on the Eastern Boundary f1e of Texas, and run
umK such course a. they might detcrmine 70 " Paso, On
me Rio Crane giving % The corporation al the neoes-
fsT powers 70 carry iutO eject the object % the grant.
Ihc chErtsr EIves the right 70 take and hold 20 much o.
he public land through which the road might pass. not
-1cseding tUo bundled feet Wioei f0r the tracf Of the road,
ard such sositioD4 Eldth a. might Be necessary for de
potz, etc
Il also gives 10 the company eigtt sections OF lana FOR
every nile q railway sctuEly c. upletei By 10 and readg
foT use M cepih q three miles on each eide o. the road
g. reserved for the use u the Company and the state, each
b~ing ertine1 70 Alternate sections By an sct Of TIE Leg
eight sections more, q Be lccstsd on any o. the public
i4Hds Of the state. matihg 10 81 sixteen sections Of land
e ne mile, or eight millions snd seventeen thousand
scres of land for the Whole line q road.
b another sct o. ths Legislstsre % Texas, fhe Board o.
sch0oi Commissioner were directed % loan 10 leEsIly in
c8rpoTstec rzitrfsd companies oct Of the school fund IN
heir hands OJeinr United states bonds. bearfna ave Der
cot slH ttOussDd dollars for @eFeiy mus Of railroad
E5s1 said company fhsu have Completed. IN a sod snd
fu5stzDtal msunErs q cUnfinnoEE section Of twenty Eve
mleE, aud grsdsd an stdtionsl Consecutive section OF
fE=1ty-tse miles, and the same for every addition al con-
scufiTs sec1on q Ten miles, which shall be oompleted
a.c Erzdec"
ms n~unisont donsuo-. it viii Be perceived at once,
% aE only sul1ie1t Of itseif 10 build The road, but will.
g ths sane b. vel heated aud the company properly
1Enzzad, after finishing the road lezve a surplus Of MIL
lo1s q colzr 70 Be DIVIDED among the stookholders. TIE
kiz1ast estimates made for the completion Of the road
tar11<1 TeEzs, Furnishing engines. ears, etc, Is twenty
ullo7s q collars
tse las shsu'd only average nVe dollzrs per acre.
2 sale vii smOuut 70 upwards Of forty millions. This.
snsr bUudlnE and e~quiPPing the road, leaves a surplus Of
fpsafy millions.
ms great enterprise, although truly q national one.
1u1r1entE nsef particularly 70 the south. Il not emily
EL secuns the southern routes 70 the Pacific. but all BE-
- mans o. forever perpetuating the Union % the
states Ne eities viii b. more benefited By this road
Heuptis, New Orleans and TicksbErF By means
q he Opei0usss Road, 70 viii connect win New Orleans
- means o. the Cairo and Fulton RCad, with Cairo. and
neuphis and Little hock, Il wiz connect with Memphis;
snc b. means o. the Ficksburg and Shreveport Read, II
vii connect with YieksbcrE. Gaines Landing and ST
Louis b these roads also. GRO S TERGER,
Prerideaf, &c.