New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-04-01
SOUTHERN PACIFIC RAILROAD COM,

We are pleased to learn that the required stock to
place this magnificent enterprise under Southern con-
troll and domciliate it in the city of New Orleans,
is being rapidly taken. The stock-only $500, 900
being asked for-should be subscribed at an early pc
riod and would be subscribed in day, entirely
persuaded, if our people understood the scope and
bearing Of the project thoroughly Mr.. Yergers mas
terly address, published by us on Monday last, has
done an immense deal towards opening the eyes OF
the community to the magnitude Of the Undertaking,
as well as the feasibility of its accomplishment To
that address we again refer readers while we pro
coed to take hasty glance at few of the main points
involved.
The Company have until the 10th Of February next
to complete and put in running order twenty miles of
the road, which will secure forever the chartered
rights of the Company in Texas, which are, as our
readers well know, on a scale Of unparalleled iber
atty. It is believed loTger number of miles will be
finished within that time, and that the
work will continue to progress steadily and rapidly
Texas has been noby munifcent in grants of land
to this road-having donated 1920 acres per mile.
1t is estimated that about eight millions of acres of
the finest lands in the world will thus be secured to
the company. Assuming that these lands will only
bring S. per acre the proceeds will reach O0O
while the highest estimates for building the road
through Texas, furnishing engines cars ETC.. is $780,
100000. Here at once opens as fine field for prof.
table investment as ever offered itself to the grasp of
man.. gEtstg sf II
This road is evidently selfsustaining road. Sup
pose fifty miles to be completed and in running order,
the sales Of the lands belonging to the company,
means raised upon their mortgage, would alone more
than enable the company to go on with another fifty
miles, and SO on throughout the whole length of the
route. Thus at glance is the magnificent value
of the donation. And here, too, is the reason why
the stock, to certain amount, is offered at such
favorable terms in this market 1t is only desired to
obtain sufficient amount of subscriptions with the
assets hand and available to enable the company
to finish the road to point where the grants of the
charter are obainable. After that it will be impossi
bic for the grand enterprise to anguish for the lack
of ample means.
The following extract from the address of the
President Of the company Mr.. Yerger, is SO compre-
hensve and satisfactory that take pleasure in
producing it: s
that viii especially beneficial to the South and city in The
Union would derive lasting benefit from lis completion
5Isaga Tia, aud Win 8
~ ss Would Y
ercial be IL large part Of the
western Texas NV Mssiso wead y q these
Is finished to Fl Psso will become the great highway to
California; by OF from that the mails and
could be carried San Francisco little than
onehaf of the time takes and half the expense
showing conclusyely that the road become the thorough
fare for the public mails and Pacific travel long before reaches
the Pacific
&, Were not our columns so oYercrowded we would
like to prolong our remarks. But want of space i'm
peratively forbds We shall take the subject up and
discuss it at length on some future OCCASION In the
meantime, we repeat our convictions that the enter
prise holds out most promising inducements to those
who may become stockholders, and reiterate our
hopes that all the stock necessary to the head
quarters of the company here may be speedily
taken up. s