The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-13


April LEO las IL 81 5ebi5 Ga T6T 81 l6'972i 20
We learn from official that the arst section Of the
Galveston Houston and Henderson Railroads. Seaty Two
mil0S-was completed the 10th u!s within the time
appointed by tho charter Tho company has thus So
CURED immense tracts Of fertile lands granted BY the
government OF Texas
Tho Hartford Tins OF the 9Th inst contains the follow
Ing In relation TO the latest Of railroad deBnauary
We glad contemporary enter into the dscus
sion Of the with much spirit is sound on this
important question ard has resderod valuable aid 70 the
csuso We have 30 long fought for -
wpnxas RanaoAD RrruDunoo-Ttu FArJrE OF INA To-
LIDO ND WALSH l~sT-
Tho editors II tho Nov York rowsparsrs with ons or
two honorable exccpors seem 10 regard ~ their duty
70 put Western raui oa inseanneas ndscnm ih
co'ored statements to- ofa bring he public Their
views generally limited 10 tho favorable side Of te
question, and when important failures take Place they re
either wholly suppressed OK ased over with very slight
noise They have hllcn INTO tho habit N treating gross
OF railroad repadlaOn matters OF very c
sequence, end say very little about tb-m when ,hey
being seeulnsy spprchcnsive q the implied couu ado
ton uus given 70 their statements in reaoo 10 this kni
roeds scattered all tho country, and Is the pain
duty OF the prcss 70 set forth the vho!e truth IL obv
oasy falls In thus and boootnce inst 1iasts Va deserving
Public whea publishes only slde OF ls and
ssudlo,s,y surrreraes snr,vorssie facts
the Toledo Wabash Western Railroad tn New York,
would nj arss ssppsee 70 be very trivial AID every
~ VI
very foundation and s'post d.roy con1dcsos Ia railroad
securities throughout the country, and abroai well
al here Ins ereas Inc o. rsroad sto rem Pm, iosdo
to the sate Nee q Illinois ThsSc jots Tho 6roai Wet
EN- Railroad, and forms sih continuous ns ~ Naples
she uanos river, 90 niles In ~neui. L has bcca
largely puicd OF tbs New York papers or ming,
sbOu, 70 form, the lng~l line urtct
The United a.ss, TIE beS foo ght sad pas
sepgors from he East W 3. Louis ast the cntral
kissiSSppi valley, l,s ars, TssIs.so bos's ansoana
10 sbOas ss,,ooocs, and ,ts second MORTGAGE bcads
~ al.lsf - H. .n. Ia.
booda and stocks - tho totd nsmina eoA OF ,hs
rad Esvtng becn up 30 abOui slooce, or $4,000
per nile Il " just Eve nlcnths since the road
plcod and Il n no. moro tLn ono month since tho di-
rcctcsi signed and published sta,oosut that t,osr
ssrtlnss TOE NE ura year would 5o 100000, which
~Upd pay sitscr interest ard ard 'sye twelve
Pc iW tho stooho.der Yot fad this great
COMPANY whose director. sDd stocklsDldeys like thoSs
Of 40 Great western Railroad among The wcalhst
capitalists IN the country, rcokIsly rcpudhang ing
~ The interest," dae ~ tho Lat Of MAJ ca ear mort
yago bonds.
IN the slat-rneu, WHICH they pabsslusd only month
$50 those directors either ms.skeo esso thy
tricd 10 deceive nc ribhc, ard the failure following
rr doubt ~ 70 Which OF shcee coustruodnas
musi he placed on thor Cssdscf. When ~ ubc
polLon ard ves.a Of nose dfoe'0rs sna ts'.e q us
j. 10 disbouoT their corporate engsgem-ut, tloy
acserse, Cor obvious Tos:oas, 10 saad - maea d.
Rra,s add tscrcilsd N tho pablo est nation n they
hai rcpadi,ed their private and Individual oblaicos
Whom tho puoao lead money " A1ss c1oecras on heir
rafs n ffs, 10 provide or ua payments iu1rcrt
TAcy trct solcly 70 The honor and good I q ne com
pony or directors provide Ls tho lnscrct szai NE
ruala arc able ~ earn a.
In ths case and IL pal ~ ne Great Western r,,i tI
ocufGence fof tho asst time has bccn mot dsonesy and
van;only bctrnyed- Instead q raiug cd5r 70 pro-
vt3o 10 srsn neccsssry fos tho Interest 90 heir
bo1ds Nc dhosorabie pocy ~ b TO ssri b. lri
"a ter wealth IN tayias u =. hsf price tho securities
f.prscH,si ~ NsS cvn rcts or rcrrdauos. sus tzs
}arago 70 chasse,v hus brought By th narax. wat q
honor md good Nth UPON osc ycrson11, aud uIon
lhlg eoEEAAlee Is nothing vhsu compared with iha ire
sl- fnal
Us rslrcsd interest gsnreily not Only IN the Soaary
esl h. The great bosrvv "a markets " hrrcps.