The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-10-15
SOUTHERN PACIFIC RAILROAD

learn 10y telegraph that the stock
holders who met at Louisville on the cath
Of August have recommended that fifty
cents be paid on each share Of stock now
held, Tor the purpose of meeting the ne
cessliics ot the company. | have been
consulted by letter, and orally, whether
to make further payments on stock.
Without presuming 10 advise will state
what considerations will govern ne.
First, promising that if owed inslalmcnt
stock. | should feel that there is a moral
obligation to meet all unpaid instaments,
now proceed to say that | will not pay
one cent more on the stock which ! now
hold, on which five dollars q share have
already been paid
First. because the stockholders, at their
last annual meeting III New Orleans pub
lishcd that the resources Of the company
were adequate to pay all the debts. and
10 meet other obligations and eXlgcncies
Of the company. In this opinion con
cured
Secondly. because have q wclllound.
cd distrust Of a transfer Office IN the city
If New York, and will invest no money
ia any enterprise where those who are
So prodigal OF the money and stocks 81
corporate companies have any trust to
discharge
Thirdly, because of the inequality OF
/ the partnership. 10 illustrate; | have
attended a meeting of stockholders AT
N,,.h,ll Tc,,s ono IN the rity of Ncw
Nj. ali ina New Orleans when had
/ ,i,u,i,. ,,,tie. anal have snari six weak.
IN \rw Orleans watching IT, defeat
,rr,cberv unviu, my own rxpen.e. and
maxim. ma clam even nr thc money
.,,,.nt Tho, Ll..,fd,.r.., ,,.u .t.rt
,b,n1 A." Given in consideration. at tvaln.
M, .,.rvi,,. " vvl,,l l..v4 resulted IN u5
g..J n mo-, IN -ra.it,ye dau,.. m.
s.,.,',,.,
T'.n,6 t.,,,.,. ,,b,.u fla. Stock 80, ta..
..,,,,,a,y ,yas ,n,.rel nt Gv, dollars a
.ba,, and rim. fla. dollar, .. shan. relied
m T.. ,1...,. tb, .,.l ID. f.4...a.t.a- iHg
G,., ,,,.,f,.l,,.. =,,o.,.. .. ..It.,d -.ulr
n,.,.,,.. nan. d.-ir.u. .. -s.. 0a-
f.,.,, ,i..,,,l. .,....l ,I... ,.,st...., rr.
.I....4 ia ,t,.,l l,,l f,.r,Iii.,IIs
,s.,,..t H., t,,,...,#,.,... tU1 fh., b.t..
-. D.. sr,,i....,,. ar,,.l. tIpy de-
s.,,,...f,,,,,l,.., .,t.,,.,Il,. f.,t.rati.f ib.v
IA, tlc l,g.,rj ,,.l should abidr thrIl-s
K, win ,l,o.,.. ,cl,, houpbt stock af
,.,o,,a,.v accents AT fin. dollars per share.
,,hith tics,. agent. never paid over But
- nm. rur-hnsrr If fraudulent stock tt
co,sidcred entitled Ia r.licf ii should
only he tl the amount paid lot the stock
he Inn, .cria,ulyno claim Go be- preferred
I, NJ. purchaser Of stock on nsiahncit.
and should be- required to pay ~ 10 thQ
e,p,naty fbr difference between what he
,rtualN rald and five dollars the share
Fnb because have learned when in
Kentucky about thc las, Of july. that a
calcec In Kentucky was literally en-.
dl,,rd hv the preSeutation of stock ol the
southern Pacific Railroad There is no
authority ia directors 10 make donations
If staeh; such donation. mo- matter how
laudablr the purpose. is entitled to such
re,pcct and nl more. as money obtained
bv u,rn 10 be- given in charity was
unable o. learn is whom this Stock was
donated. on wly. hut was l,ft IT, cuicc-
tur, that Il was in consideration pf the
SER, it,s Of some verbose preacher u pUA
ins ,hr southern Pacific Railroad Com
pA.y.-af such valuable services this
r9mnany has been the victim
sixth because ii docs NOT appear that
the stock improperly granted to Nj Ed-
ward Post. which hr promptly agreed to
surrender. has been So surrendered and
cancelled OF that 1t rs the purpose of the
directory Ia insist ON it. nor does it APP
near that the large amount Of stock which
the said Post agreed 10 give for certain
assets ol the company have been given