The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1857-04-18
'rhc southern paciNc Nail
NoaN.

Since onr last, we have received regular
files of our New Oilesns exchanges From
them we learn that the election OF Mr.
Yefgor to the Presidency OF the company
has impaired unlimited confidence Ia the
prosecution OF the eu,erpfize, aod very
large amount OF stock has been taken.
Mr. VI. J. hall. one Of the directors of the
company, who arrived nj home few days
seo from the city. informs US further. that
the sale. Of stock amounted 10 $500 600.
and all ST the iron for twenty five n.ics.
with the exception Of about twa hundred
tons which had not arrived. had either been
shipped or WAS about - be shipped imme-
diai,Iy up the river. We hud the reso.u
lions Of the company IN the papers, chang
ing il. domiril TO New Orleans. and de,
Glazing that majofity OF the Directors
residing 10 the Southern states, shall be
elected to tn. Board as soon ss possible
The interest lelt In New oflean' Ia favor
OF the company !. intense |, seems to have
grown, ia fact. into a Juror The paper.
are perfectly enthusiastic. sad We learn
i,om the Delta that 80 highly IS the stock
priced. that one man. perfect stranger
came forward AID took 5000 Of H.
hey have nov. we suppose, abundance
OF money 10 build the first twenty five
miles of the road
Oar staid and sober friend Of the Caldo
Gazette. has taken back all he said against
the company. and Is as jubilan, as any Of
the New Ofleaus editors. lie further saws
a." \ monied gentleman in shreveport, We
snow. has almost made up his mind to in
vest 50 900 a, least he 50 expressed hun
self few days since
The report Of Mr.. Netger shows iha,
the number Of shares OF stock thus far is'
sued, - 1i6 .5ls. representing Of the capt
ta stock OF the company. 5 1862 500
upon which 81 ~ 100 seems have been
paid The assets OF the company amount
to 500 900. or Mr lefger believes they
will realize that amount The balance has
been expended for making the survey to the
Pacific, in paying in part for the IRON rails
purchased, in grading and cfoss-'ying ten
miles Of the road, aud for agencies aud all
other incidental expenses.
The IRON does not appear to have been
entirely paid for. and other debts are allu>
ded to AS in existence.
From the repor, Of VI. ierger We should
suppose that the dcad ueigM on the com,
pany amounts to something more than a
million and half Of dollars. This looks
ike q lsfge sum, but such is the confidence
ia the euterpti.e, as speculation, that II is
thought to be no drawback whatever the
ssealaec in the Illinois Central Road Is said
to have been three times this amount, and
vet the stockholders made fortunes The
stock of that company is now a long ways
above par.
The following is the Argument ia favor OF
the Southern Pacific Road a. we find 1t IN
the Bulletin. It is Substantially thu same as
tia, used by Mr., Wigfali in bis communi
cations to this paper two years ago
1'ug Ioeic OF DoILAns- Or Pacifr
RadCoad, The total amour, Of land
granted to the Illinois ten,ra. Railroad
Company WAS = 800. 900 acres The
Company has built 7Oi niles of Railroad,
now IN operation. nj n cost of s25 $40 2i1
1t has sold s65 ~ acres Of its lands for
sl0,7l3,22s aud has still on hand .729>
80 acres. which, bv the average value OF
It's sales las, year. are worth 500 3~6 10
Here is tho logic Of dollars which every
body can understand
Our Pacific Railroad through Texas will
be 1sa milo. long, aud has grant OF
S0l1 900 acres aud a loan OF $4,000 per
mile from the State iou will search in
vain the records of railroad legislation md
railroad Companies on this continent for
any parallel To this Placed by the side of
the southern Pacific Railroad. the prospects
,f an, other Railroad Company tina, can
be named ~ this country sinA into insgnid
cauce, because absolutely contemplate,
Taking the average prlce OF the Illinois
Company lands ms basis, the lands OF the
southern Pacific Road will be worth more
than si20 900 0OO Any body can make
the calculation for himself Iha, the lands
will be worth more than the Illinois lands.
we have not the least doubt They are
among the richest lands in the world IN
delightful climate, aud capable of producing
anything from cotton aud figs to potatoes
aud oats With the msfkc, th"y will have
Mt this city, within days ride on the road
can any man set bounds to their value
he fact IL, the more We consider this road
the greater does our aslonishmeut become
at the vastness OF ITS prospective wealth,
without counting what the road Itself when
completed, will earn at ALL The boon Of
lerrd by Texas was not generally knoNn
or duly considered, otherwise there would
have been hail dozen companies in the
deld contendng for it. II managed with
energy aud wisdom, ~ We cannot now
douh, 1t viii be, the Company will be one
of the richest ~ the would
EieM million acres Of land Is easily
pronounced or written but does the reader
rnutprehaui tho nuauttiv rnnYa..ntaIf II l..