Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-07-19
Cranberries
SOUTHERN PACIFIC RAILROAD COMPANY


This Company, as the public is aware, has
been re-organiIed, and IS once has been chsuged from
New York 10 New ORLEANS according 70 the Resolutions
o. the Board d Directors a copy Of which is herewith
Eppended.
4 Secretary, NJ. GEORGE ". LAwRIsoS. and three
additional southern Directors, to-Eit il PERSONS,
o. the hrm OF J. J. Persons & Co, and SAUNDERS, Of
the arm o. Ward, Saunders 4 Hunt, and A. n. HOL
BRcOK have been elected; all CT whom are gentlemen Of
tie highest character and capacity. The Board Of Direc-
toss, as nov constituted, contain a majority Of southern
members.
great object Of the charter. to-Wit: the construction OF
the road through the State Of Txas, and eventually 70
the Pacific, will BE- fully accomplished.
OF the twelve Millions OF stuck auth5Iized 20 be issued
b. the above resolutions, and on which only I've dollars
per share Is required to b. psid, upwards Of seven mii-
lions, or seventy thousand sharex, have been taken 81
New Orleans. OF the balance o. said stock, one nj lion.
cr ten th0usaEd shzres, vii Be offered for sale in Mem
pits. Books for it, Subscription wiz be opened On this
day Friday, the Isl OF Nay, al the Bank OF I. B. KIRT-
LAND, and viii continue open tr q few days only.
TIE road Is rapidly progressins. Twenty miles only is
required 10 Be finished ny the 18Th Of February. OF
these, ten mikes are now graded and cToss-tied, and about
fur more graded and ready for the crsss-ties and rails
nEeuty-hve hundr d tons Of rails have been purchased
and paid f0i OF which upwards OF twenty four hundred
t-ns have been shipped q the point Of destination al
which they are needed.
work upOn the road 10 clmplete, not only the twenty
milss sbsve required, but - least twenty-five miles By
The tine above designated. The charter, and all the do
uziions Of lands privileges AMI rights given by ii, are
thus, beyond doubt. secured 70 TIE Company.
when accepted the PRESIDENCY o. this Company. I
stated that thu, and yet believe, that this road vii
prove . graf national benefit that With Judicious man.
sEement II can soon Be made that he charter privileges
holders AZ immtnse proof that. securing this charter
and building al once even nifty miles o. the road. viii ef-
feCtually and forever secEFe this route as the connecting
INK between the Pselac aud Atlantic OCEANS.
Bun n relation 20 ali these mstters,z candid public must
fudgs for itself, from the fcl0Eing statement Of facts.
TIE Legislature Of Texas passed AZ act fncorporatmg .
rsiirosd company Under the name uf TEXAS Western
Railrosd Company" which by a subsequent act. wss
otauges 10 that Of he . Southern Pacific Railroad Carps-
~ - ThfzHE she Ehsrfnr wmra~ UnHrh eHHH EnnHrmu ~
been organized. By the terms o. the charter tn comma
~ IS autboriEed 70 Construct q railroad from some suita-
be point On the Eastern Boundary line Of Texas, and run
ming such course a. they might determine % ri Paso. on
The Rio Gran5e, giving 10 the corporation all the nsces-
az pgNers 70 CITY INTO elee me OBJECT OF me grant.
The charter gives the right 70 take and hold 80 much Of
he public Land through which the road might pass. not
=Koseding two hundied feet wide, for the track o. the road.
and such saditioDal width As might Be Necessary for de
pOts, etc.
It also gives 20 the company eight sections Of land for
every mile Of railway actually c-mpIefed By Il and resdr
for use. ne dsprh OF three miles on each eide o. the road
is reserved f0r the use q the Company and the stat. esrb
being eutited 70 alternate sections. By an act q the Leg
stature, passed IN 1884 The Company became entitled 4
eight seetions more oS heated on sny or The public
lzzds OF he State. makiug "a all sixteen sections a. land
70 the mile, or eight malians and seventeen thousand
scres Of land for the Whole iae o. road.
By smother act n the Legidatsre u Texas, TIE Beard Of
school Commissioners were directed % loan 10 legally in
~oorporaied rsiirosd companies ost Of tn school fund IL
their hands. (being United States bonds, bearing nve per
cent six thousand doiars for sttvefv mile a. rsfra.d
when said company shaii have completed. IN q good and
0@Aa VI III NV
miles, and graded an additional consecutive section Of
twenty-five mics, aud the sane for every addition a. con-
secuffve section q leu niles, which shan Be completed
and GRADED"
mis- munEhcsni donation, Il vaH be perceived Al opos
Is not only suiacient OF itself 10 build tie road. but will
4 the same l. well located and The company properly
managed, after finishing tie road leave q surplus Of mil
ltons Of dollars 70 be divided among the siockholders. Tbe
highest estimates made for the completion Of The road
through Texas, furnishing engines, ears etc, is twenty
millions Of Dollar.
Il The land sh0uid only aveFess Eve dollars per acre,
it, sale viii amount 70 uuuTFr1z ~ Fa~fv mfnfnuu me
AFTER building and equipping The read, leaves q surplus Of
twenty millions.
This great enterprise, although truly . nstionai enc.
eommends Itself particularly 10 tie South. II not euly
vii secure the Southern routes 70 The Pacific. but n Be-
The means OF forever perpetusfing the Union OF the
states. No cities Eln Be more benefited By this road
thsn heuphis, New Ods&Es and YicksbErg. b means
o. The OpelOusss Rosd, a VII eornect vita New orleans
By means Of ths Cairo and Futsl R9ad, With Cairo. and
Memphis and Little R0F, u all c9nnect 9th Memphis
and b. means Of tue VioksbErg ad Shreveport Road, q
vii connect with Yicksbuig, Gsines LsnisnE and St
Louis By these roads also. GEO FERGERs
Prssidenf, Se.