Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-06-21
,OUrHERE PACIFIC RAILROAD COMPANY

This Company, as the public is aware, has
zen re-orsanised. and j 5 odce has been changed from
Sew York to Kew Orl-ans, according 70 the 7 solutions
9 the Board Of Directors, . copy Of which is hefeNlih
appended
A Secretary. Nj. GEoRGE ". LAwRTsoS, and three
%,iditionG Southern Directors, to-vit: - PERsoSs,
The drm OF J. J. Persons 4 Co., and SAUNDERS Of
he arm Of ward Saunders n Hunt. sEc A n. HoL
BRooE have lesh eieciedi al u whom are grntemeA q
he highest character ard capacity. The Board o. DEec
os, as nov constituted, contain a majority Of southern
MEMBERS
reat object Of the cazrter. to-sit. tbe eynstrucssch q
De rond through the STATE OF T-zasi zne ave tually 10
he Pacihc. Eul b. fully accomplished.
or the twelve miIioas of stock auth1Iized ebe issued
3 the above resolutions, and on which only Eve dollars
bsr share 10 required to be paid, upwards Of seven nl-
rons " seventy thousand shares, have been taken 1t
.ru Orleans. or the balance Of said stock, vue mi lion.
2 ten Thousand shares, viii be offered for sale IN Menu
mis-. Books Tor it subscription viii b. opsned M this
= AZ. FRIDAY, the Isl Of Nay, a. the Bank OF !. b. kIRT-
D. Nd, and viii continue open fr 8 lev days only.
e road Is rapidly prOgressiBg Twenty urles Only is
equf-ed 10 be finished by tie 18th q February Oi
hes. ia miles are now grstrd and uOss-tied, and about
mr. NOR graded and ready fOr The crsss-ties and rails
'weBty-n1- hundr q tons Of rails have been %parchased
md pad 4 3 Of which upWafds OF twenty four hundred
~ have b q shipped to the point Of destination al
rhich they are Feeded.
Contracis hsve been made. and suf1ceut force is nov 81
york upon the 20 = 10 cmplete, not only The twsn'y
niles absve roCun 4, but 81 east twenty I'VE miles by
De time abJve desit mated Tbs charter, and al the do
a;i0ns Of lRnds, Privileges an rights given by it, are
nus. beyond doubt, occurred to The Company.
when | aocrpted the PRESIDENCY Of this Company. I
rafrd that / IN n. and YET believe, thai ms road viii
rove a greaf national benefits that with juditious mani
gemenf Il can soon b msde that the charter privileges
nd grants are Of 3 character 70 realize 70 the stock
.oldsrs an immense prOnt; hat securing this charter
nj building Al once even any miles o. tie road. viii e.
-ctuaIly and forever ,eclre this route as the c5nnec3lug
INK beiwsen the Pacific and Atlantic ocean,.
But il relation 70 all these nsttersa candid public mus;
udge for itself, from the folio wins statement o. facts
The Legislature Of Texas passed an act ipcorpJrating q
lHilroad Company" which by subsequent set, was
.ssuEed 20 thAtof he q Sou'her Pacific RaiirOzd C0mpa-
% This is the charter under which this Company has
'sen organ zed. By thr terms o. the charter tn comps
" Is autboriEed TO c1nstruct = railroad from = M suua-
je point on the Eastern Boundary line OF Texas. and run
ms such course ss they migh' determine 10 n Paso. D
be Rio Grande, giving 70 th- corporation all the neoCs-
AIRY powers % carry into eject the object OF the grant
The charter gives the right 10 take and hold 20 much o.
he public land through which the road might pass, not
xeseding tuo hundled fert VIDE. for The trAck Of the rosd.
md such additional width a. migtt BE- necessary for de
bots, etc.
Il also gives TO the company eight sections o. land for
svery mile o. railway aetuzhy c~-nrletsd BY Il ami ready
Tor use. The depfh OF thres miles on each eide Of the road
preserved for the use Of the Company sEi the State. each
eng ertItled to Alternate t~ectiuns. By an af Of the Leg
slature. PISSED IN lSa, the company became entitled q
iEht seotiunE more, tp be heated on any OF the pHbhc
tands Of the state mtkiue IN az sixteen sections % land
= the mile, or eisht mtlli1ns snd seventeen Thousand
icres 0fland for the whole hue Of noad-
b. another act Of the LegislstEre o. Texas, The Board q
school Commissioner we're directed 70 loan 10 legally In
Drpora:ed railroad Companies OF Of the school fund in
heir hAnds f5elnE United States b0Lds, bearing Eve per
enf six thousand dollar for every nile q raIrosd
49, EtH |A@A - . EN1A 49,
substantial manner. a continuous section Of twenty Csc
miles. and graded an additional consecutive section 81
tvenfy-nFe miles. and the szme for every afditioi a. cuu-
secuiive section Of ten milss, which shan Be completes
md graded"
mis- runiaosui donaiiO- it yin be pero ived At once,
. pot only suf1 ient Of Itself 10 build the ro.d. but viii
Z the same J. wei locsied and the oonpzBy property
managed, ster flashing the road leave = surplus Of mil
aous Of dollars 10 BE- divHfed N1nong the Stockholders. Tte
highest estimates mlde for The completion Of the road
-aIsush Texas, funfshins engines, cars, etc, Is twenty
millions Of cellars
IL the lanf huud only average Eve dollars per acre,
is sale viii amount 70 upwards % forty millions. This,
sfter buldlnE and ECU rpiug the road, leaves 4 surplus Of
twenty mihons.
mis- great enterprise, although truly a national one.
sommeafs ltsslf particularly 20 the South. Il net enly
viii eectF The Southern uRtes 20 The Pacific. but All be
he mc9s % forever Terpetusting the Union o. tn
States sc eitcE viii b more benefited BY this road
u An Heupkis, New orleans and Ftcksbsrg. By means
Of the OPei0usss Read. u oil c5Ineet with New Orleans
By means o. the c1iro and Fuiton Rsad, with Cairo. and
sna : .s--as Of taeTsscrsJcs and Shrttepof Kctd, Il
vii connect with YicksbmE Gaines Landing and St.
Luis By these rosis also. GEO- S TERGER,
President, &c.