Arkansas true Democrat., 1857-07-07
From Washington City.


 Arkansas aN important Gen. Walkers a,ri-
 val-His reception at Neso Tork-Retmns to
 N'caragua-I Troops moving to,oards Utoh-
 No Governor yet-Arrival of o6icials from the
 Ie,ritory-G1v. kard and his successor-The
 overla,sd mail route to the Pacifc-The Ne,o
 Orleans and Cairo Appropriations etc.
 Judge Cross was here recently, on business connected with the settlement of the land mat ters of the Cairo and Fulton railroad company, which is now in rapid progress, and will shortly be completed It is estimated that the lands will go great way towards the completion of the road, and but about one- fourth of the amount of the stock subscription will be called for from the stockholders; and therefore, it be- comes all important and very desirable that all the stock authorized by the charter be taken by citizens of the State, to prevent the benefits of the grant of lands and the control of the road from passing into the hands of non-resi- dents. During his visit east, Judge Cross had various applications from men of capital, wish ing to subscribe for large amounts of stock, which shows that to obtain subscriptions from non-resldents for the entire amount authorized by the charter will not be difficult matter But with commendahle prudence, the directors do not desire the stock thus taken, their object being to apply to non-residents, when applica- ton to residents shall have failed of success.
 It is well for those interested in the future welfare and prosperity of Arkansas, whose homes, families, property and interests, are within the borders of the State, to bestir them selves in this great enterprise, and if possible, have every dollar of the stock taken by her own citizens The company as at present or- ganized is reliable, safe and from the exper- ence and ability of those connected with it, af- lords every guarantee of an economical and vigorous prosecution of the road to completion. ! It Is out of debt, has already large amount of sock subscribed; which is daily increasing, and has the munifcent grant of lands made by Congress, unencumbered, and if by indifference or inadvertance, the citizens of the State per init others to reap benefits which 1t is desired should alone accrue to them, the greater the misfortune. Every appeal should be made to arouse those so deeply interested to action. Yes prompt action, in this matter
 There is no question but this road offers great inducements for profitable investment of cap tai, even when completed, should its business barely cover expenses, which IS impossible; and non-residents seeing it are ready to embark thelr means in the enterprise. Their first ana principal move will be to take sufficient stock to give them control of the road and it's lands These lands will be of immense value upon the completion of the road, and if judicously man. aged, will build the road without, as 1 before stated calling on the stockholders for more than one-fourth of their amount of stock subScrip- tions. The policy of the directors 50 far as I have been able to gather, will be directed with this view, and, upon sure and safe basis, look ing to an early completion of first class road with as little trouble in the way eff calls, etc. to the stockholders possible.
 It Is in contemplation so soon as the title to the lands have been perfected, the lands pro- pery casSed, etc.. 10 issue bonds for a sufficient amount, secured by mortgage on the lands, to commence active, yet safe operations on the road, beginning on the section adjoining the Missouri branch. These bonds can be nego- uated without difficulty upon good terms, and the character of those who have the road in charge, as well as the cautious and safe policy they have adopted, gives assurances of its sue cessful completion. It only remains to be seen whether the people of Arkansas will suffer the control of this road and its immense interest by their action, or rather inaction, to pass into the hands of non-residents.
 The people of Illinois, through shortsighted- ness, permitted the grant of lands to, and the control and ownership of the Central road to pass into the hands of New York capitalists and they now see and feel the consequences They are now paying tribute in the snug sum or about one and a half million of dollars yearly, to nonresident stock holders. off the net earnings of the Toad, not to speak of their ownership ln the lands belonging to it. Every dollar of this sum which should properly be- long to the citizens of the State, and % to in- crease its wealth. is withdrawn from her bor- ders and erects palaces for millionares in fifth avenue, New York. Shall Arkansas also con- tribute to the same object, through waut of a proper public spirit of her citizens the clashing of rival or political joalousies, or any other un- toward cause?
 Gen. Walker arrived here last week, remain ed three or four days and left on Monday last for New York. There was no demonstration spon his arrival here. He received at his pri- vate apartments, his personal friends and sym pathiSers, and many whose curiosity led to seek an interview. He visited the President, had lengthy interview with him, and has since ad. dressed him through the press at length in re- lauon to Nlcaraguan affairs. He gives an ac- count of the causes that led him to Nicaragua and the manner in which he went, comments severely upon the conduct of commander Da- wis and other naval officers, in the closing scenes of the Nicaraguan campaign It is said that the instructions given by the late adminis- traton to commander Davis, do not justify the extraordinary course pursued by him. If such be the case, it is with the present administra- tion to ratify his action or hold him to an &C., countablity for the same.
 Gen. Walker is now in New York, where he meets with an enthusiastic reception, and from thence he shortly returns to Nicaragua via Charleston. It has not ranspired what mate- rial aid he has received, but the presumption is he would not again soon attempt another campaign, without assurances of considerable and effective aid.
 The United States troops are already moving from Fort Leavenworth in the direction of Utah Tn considerable force, although Govern- or has not yet been found to accept the respon- slble position of ruling the affairs of that terri tory' The last remaining instalment of United States officials have arrived here from the ter