The true Democrat., 1857-02-03
From the Lamar, Texas, Enquirer. 1.-sS- M. Fl PnsO, & IF. RaiIroad Ed


 M. Fl Paso, & F. Railroad Co"2A,
 A very important meeting of the ai,raS airaaS this company, closed its session at tb;a aaees'ond Friday. The board had been in sa's paceN the 8th inst, but owing to the inclosn Iloson irOa the weather, and the absence of tha p'eaey D. q was this long delayed in the transact, .eS'der, business before it. We really look ~,n o'a. has been done as of the greatest in,nap ap'n ~hs one section particularly, and of the S,a.neea rally. IL Is gratifying to Us to wir1'Dsi seis rapid progress, which is in ouiet m,e ,'''eS &, tious way being made by this co,nOsel& the prosecution of its work. Amids, r@sn% f@ dred. Of 'ailroad charters that have been .a' l1 ed by our legislature, but few comnon;s& ganized under them have gone to wort t' right way. Greatly to the discredit of,I.sA the most Of them have been placed in to the highest bidder, and have servaa is the purpose of furnishing the lucky n,o" %ot of them with little ready cash. WaSN Wvrs'SN however, as party interested, watcba3@ company from the very organization und,. charter, and proud are we to say that r"ale have they yet done that savers the Ieas, faith to the State, or neglect of the rt.o% the stockholders %a
 We will try and give synopsis of , gress since the granting of the charter %
 The 2d of February last the chart. granted On tine 9th day of May last tbs pany organized by the election of the n, directory, and fixsI its domicil at this nT.'
 Before any rights could vest under in. ter, five hundred thousand dollars of stoct ' be subscribed and two per cent paid uror same. This was done before the lst oft vember last. On the 9th of October last F. $. Mosby was appointed by the direcr chief engineer of the road, who imme5;. proceeded north to purchase the necessa,, struments and equipments, and some fin, December took the field with corps of s neerS. The frs. thing done by our chief ., neer, was the fixing of our initial point .,: eastern boundary line of the Stale. Acr. ugly committee from the directory aetjn, conjunction with like committee on tba of the Fulton and Cairo road, and the Ooa, Mississippi and Red River road, togerba, the engineers of those roads and Captain N, hy of this road proceeded early in D.cemb,, this important work. This point has agreed upon and ratified by the resDee boards of directors. We say ratified by .T. boards; hut perhaps this is going farther our present information authorizes.
 That 1t has been ratified by the diree,o, this and the Cairo & Fulton road we bav.s clal information, and we have no doubt Ee.s same will be ratified by the OuaclIitl. V,s sippi, and Red River road directory. as, n'st meeting we know not what othenn thIpl- h,t ro l.It .lE th'nh' put TOT ourseii we believe this poa importance gained. We have now certain i important feeders to our main trunk upoD eastern terminus, and both destined to be fl. pieted in at farthest five years; the Misss,r Ouachita and Red River perhaps in less point Is called Texarkana, and is at the 97 s post, on the old line between the United Sr nd the republic of Texas. Thi. line well known begins on the Sabine where same Is crossed by the 32i parallel of latin, So our beginning Is just 97 miles north of 32 degree of north latitude.
 Our corps of engineers, notwithstandppt very indictment season since the first of Decs Der, had got as far as Dr. Kalbs at our {ss,, port of them, on the line of the road westwg ly, and in month more will be oppositss place, short distance of about IOO miles section of ten miles or two sections of five u each have been placed in readiness for a- ding contract; and at least by the lst of Fen ary, one month before required by the cha, Will the real work of the road begin. 6, Mosby reported to the directory that therev, persous ready to take the contracts, and he authorized at the last meeting to let them
 Another important junction has been sgn upon by committee from this and the Ha ton and Texas central road which las beer :, ported to the respective directories, and rsti by this directory at its last meeting; ani, have no doubt will be by the Houston and "a as Central at their next meeting We have. doubt Of this because our road agreed to po!nt which had been before suggested by | bremond, president of the H. S T.. C., as E most eligible. This point is somewhere rs the middle ground on the estcm bauudary Denton county, aud western boundary ofC lin.
 A call of 5 per cent upon the stock, (nc amounting to over seven hundred thousand dt 'ars) m addition to the two Ter cent paid ug subscription, was made upon the lst !nslg winch IS being responded to daily by the stoa holders. We have as yet no stock subscrss out of the following countes:
 Bowie, Bed Ri@er, Lamar Fannin. Gravr Cooke, Denton, Dallas, Collin, Hunt and flo, kIns. The great majority of the stock is take m the counties of Bowie, Red River. Lama Fannin and Grayson.
 Our expenses are rpw not over a rate of eisl teen thousand dollars yearly. The estimat made by our chief engineer for grading, ncla ing eulverts, tressle work and bridges for t ten miles above referred to- are at the rae fifteen hundred dollars per mile. We haveu der our charter four years from lst of nc March, to grade one hundred miles, which have not shadow of doubt of being able complete.
 This company has never yet left home ald. IL IS however contempla ed to make p sentation of its claims to public considerati some time during the present year.
 Our worthy president will leave next spii Tor the north, on the business of the roai ss we doubt not will make such showing up Wall street, of its condition and prospects have never been exhibited there, by al leaa Texas railroad company