Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-04-09

difflse more extended asd general satisfaction.
These csosierations have induced the liberal offer
Of removing the Office snd control Of tae company
South; OF electing a Soathsrn President and ma
j5Fity Of Southern directors aad Of offsring az s'
sue Of stock upon as favorable terms as tie first
holders acc hired it. to enable the South to obtain
majority OF the road, 10 interest well as diree-
tion. These propositions have been carried INTO
effect by resolutions hereto appended, passed oy
thu Board Of Directors and made Part OF tie con-
tract of subscription, and $4,000 O00 OF the . per
cent stock of the Noftnefs stockholders are 70 be
placed in my hand, as further guarantee, if want
ed By Southern purchasers. should think when
this is understood that every ground of suspicion,
jealousy, OF disquiet is removed. No company Of
men csn do more, and few as much
The stock Issued is upoa condition that s. per
share is paid ct the tins Of subscription and that
no more shall ever be called ia or required Of the
stockholders forever This condition has appeared
to some as Questionable; but when it is consid.
cred that the money raised from these subscrip-
tons, snd the assets of the company are sufficient
as ara satisfied is the case, to complete the road
10 point at which the grants of the charter are
ob;sinabe it will be agreed that the limitation is
a safe one The company will then be in posses
sion OF property aud means to enable it to go on
and build the road, without sacrifice of its land,
and with a reasonable certainty of success.
The highest estimates made for the completion
Of the road through Texas furnishing the engines
/ care, 81, is twenty millions of dollars.
The condition OF the company can be seen at q
glance from the statement from its books furnished
/ me by Ewin Pest, Esq, tbs Vice President, and
! lie eW tn a9perded Mr. Post is gentleman of tue
| highest character for integrity and honor. From
this it W Il spp-sr t5at the whole number Of shares
Issued is 446 528 upon which $2,474 100 sPpear to
! have bssn psId
Of his furd, l fad there is yet belonging TO the
mp ny sssels OF the value Of upwards OF SOC,
900 Ur IS cts which, l believe, will reslz. that
amount the balances has been expended for making
lhs survey to the Pacific, IN paying in part TOR the
roo rsils purchased, in grading AID crOssying ten
N Les OF the road, and tor agencies AMI 81! other
incidental expenses.
Mr., YEReER is 8 gentleman of established repu
ta.ion, well known throughout the South, and es
peciaIy in his native Safe, Tennessee. The fact
as set forth By him are, therefore, strictly reliable
From these facts We leave our readers to draw
their own conclusions --
There is one point in this connection well worth,
Of consideration and that Is, if railroad is to b
constructed to the PaEfc it is Of vial importanc
to tie South that it should be located favorably t
her interests This is too well understood an
f,It to require argument Whist hope have W
tat if made government measure, souther
/ route would be selected2 There is not the shsdoV
of a hope for such result unless, to purchase he
support, an omnibus business should be made Of il
and three distinct roads provided for ms tesd Of ont
It is well known that the bulk of the opposito
to this enterprise will come from the South, an
that its main support will come from the North;
would be idle, therefore, to suppose that any othe
than route to suit the local interests Of the nort
would be adopted. Remembering in this comes
ton that it is the south that pays the greater poi
ton of the revenue into the Treasury would it no
in effect be voting cut the money of our ow
pockets into the pockets of the north?
Is it not therefore, II every sense better for Ii
south to discourage all effort to involve the gO1
eminent in this matter, and trust to her own euel
gy and resources to carry out the work alresd
begun under auspices SO favorable. It seems s
to our minds, and we believe it will so strike Il
common understanding of the southern people.