The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-01-09

Al The time he wouiu nave 'ote" ~ "'"s' W.
IN, condemnation covered tho entire
yround. te-wn the granting Of 90 m'n'
,.irosd shsrss's; that no safe guards had
bs,n thrown around then, sod the .x'fA''
.g,nt donation Of sixteen sections oil 'ahd
,o the mile which had been made TO them
IN, chief n~ri, Of his bill, he seemed to
think. consisted IN ils sslulary restrictions
in bfiei, here wss railroad company
the Southern Pacific which had been
going on for upward, Of three years. wiii'
out any one moviug anything OF It's intern
Al condition. Ito confessed thst ns himself
v,.n. ignorant 40 any body else. This
eo,npsnv fually elected Mr. lerger ~ ito
P,e.idsn.. and a resolution had boen paced
removing tho domieil OF the company to
New Osleans. The gentleman, Il .eoni',
found i impossible to &c, the books lfo'"
New ! I'll. and developments occurred
which convinced him that he bad been mes!
gro.., deceived as TO the nuans'si cons
dtlon OF tho company. lie, Nf. "'eiSll.
va. satisfied tim, there wa, a, least sisi.
milEn,, OF tn. stock scattered over the
United Slater aud abroad. the moot OF II
/ OF = bogus character santa Anna Inns
sell, he expected, had some OF It. Mr.
Neiper being unable 10 ascertain the
amour, OF stock that had been issued, but
satisfied tina, 1t wss suti.ciently enormous
to render 1t all vsluees. the financial AZ
fairs Of the company having como 10 n
stand still by the failure of >tIllmAn. Allen,
[, Co aud the charter about to be iofieit'
ID from n want Of money to fui.h the
twenty milo. in the lime required by law,
made thi. assignment III. object wss to
Gu, loose rom all the rotten, bogus incuhu'
aud to cell out. pay i,s debts, aud star
anew, under safegunids nc would render
fraud impossible. |, was no, the desls" t.
Gu, of auy legitimate slockholder wb'
had paid cash Tor bis stock, bu! dehpiis
Written understanding existed that th
,ehl. OF Vii such stockholders were to b
fully recognized IN the new compsuy'
We desire, Just here, 10 mako few re
marks. The Southern Pacific Compsn
VAS organized a, Montgomery. Ala, i
Dec 1854. under its then tile. the lera
Western Railroad Company. The yer
irs, net which 1t. members performed. WA
TO adopt = resolution that all stock OF th
New York Atlantic snd Pacific CUmpan
upon which assessments had been psi,
should 10 transferred to the books Of tn
thnsn ew Organization, and recognized n
ysid 5000, 900 Of fall paid stock of tas
company, owned ~ Texas. for which not
dollar IN money had been psid. bat whic
had been gwen TO these parties asa COZ
.idern!lon Tor transferring this Texas Wes
tern aud smother railroad charter to hi
New York company. |, was conidenil
asserted and believed lha, this New iot
Company had i.sued millions OF bogu
: stock pvr5-. -..-- ." c"ussrsu1ices go
l----f could not "fr's'S tho scbeW'
Performing what | conceived TO be ~
duIy warned tho people OF Texas
promptly against II, Aud when, subsc
quently, this company petitioned for felie
| insisted tina, before any should he granted
the Legislature should compel them t
make an homes, showing OF their condition,
and 10 place around tho incorporation sue
ifauJ. Ny counscs wees Undecided tn
efforts of an honest executive to brin
about this dssirsble result were rendere
powetles by dominant majority in III
Legislature. From The inception Of III
snterprize, at Montgomery. Ala, to tn
prescu, time, it seems. that no honest state
ment Of tho condition of the company la
ever been published. And because coul,
not endorse this company. Ihus organic a,
and sustained, ! WAS represented BY il
bogu. stockholders in Texas, a. an enem,
10 the road. and TO Internal improvements
Every edon was made to nJurs me aud to
break me down | WIS denounced on the
floor of the Senate by Mr.. Wigiall's prsdc
cessor. lionRres aud an illumination were
gotten up at Marshall to celebrate their
triumph over the Govefnos and myself
trsnsparencies. containing ridiculous car,
ficatnres Of us were carried 10 procession,
exnluut speeches were made at thu Court.
house which almost the entire pc. Ilatiou
turned out to endorse by their pressnce.
And now, before two years have rolled
away. distinguished member OF the orig.
lnal company, makes a speech in the State
Senate, in which the positions had taksn,
arc not only su,,sined bu, charges Of cor
ruption and fraud are msds, greater even
than the lisellea. suspicious in which had
INDUCED
Having said this much. le, Us return to
the subject Ia hand Mr.. lergcf is repre-
scented to be leading lawyer Of Ms'is'
sippi, man OF distinguished talents, Of
great sssacity, and Of irreptoaehabls Ia,