The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-07-10
Mn. yEaGERs DEFENCE.

reply - tie charges OF Vic President Post Il
+ Areler &c.r 1t Il eugihy document, com
~. ny eboa, four columns and half Of That
papr, in small type, equal to about seven
d ours.
We have read il with good Dial Of care
The tonc and temper 81 h. are admirable. Beyond
that. /, has but litle merit. IL best ifiowis
I mus, acknowledge that, a. dcience Of his con
nectioa with the Sou,hcrn Pacific Railroad CONF
I PAM. il q hiurc aai that il would be- better
I for him anl bis rputatiol il had never been
written We lay this in no acrimonious spirit
Tor. with all the array 4 evidence against Mr.
Yergsr. we are inclined 90 believe him better
man than hs eoniagi would Seem To indicate
A. to the examination and rrcrirninaton between
him aai Nessrs Pos, and Archer we iaAc hAi
little interest and the public viii take les
Tto question Is, how II was, that under biz adj
m.aI.tration the financial affair Of The company
became 80 embarrassed a. TO rndtr a dged ri
trust necessary How il was. that BE- came h.
execute nm Instrument with such extraordinary
prosisiou. enabling q few meu-as such short
p.tirp 10 10 out franchise and property, The
ls'itr ii which be himself estimates. without the
franchise al over "a million aud half Of dollars
nta mefc .ong3 How was 1t that after this
detl of Trust was given be never Gree called The
stockholders together TO- devise meals to fel,'e
+ tha c4rpany from is cubarrassmenis. or 'nade
my atiemp, whatever 10 eli-ei that object Ca
the contrary. lie raised hue aud cry about
fraudulent stocb shich was 10 existence when he
became connected with ihe COMPANY ihc effect
+ II which was TO alarm lbe stockholders and prs
,rut them from paying their ascssmeftsi and
,,eondiy 10 ull them into security hy giving
/ them lo understand that arrAag men's had he'u
madt 10 settle the claims under the Deed 1t
Tri.t and that 10 ease the property should be
sold they were a protected under p1rris
written agreement by which they bound them
.el,e, To protect an bona fi .tochhollcrs.t
After Nj Merger b,,amr connected with the
company thcsr were sJl- 600 received 10 New
Ot.ean. from the salc of stock. And in addition
To th,- sum- We ar, told that iny or sixty ihog,-
and dollar. were received n rash ia ia,iallman IS
I ou stock The indebtedness of tlc company
which be- had 90 meet ai Che outside figures. was
ouly Sl25.0u0 Tca mites OF the ruad had b.,n
grad Il The sale took place after twenty miles
ncr, finished The road =o.d uudq thu arruue-
ment al $1,000 Al the money WA exhausted.
aud the ud,biolne.. of the company bad ,aeled
up in the vicinity of 100000!
Mr. Ycrgr was ,ieei.,; n March. and ac.
cordiug to his oan admissions on the fs- "
/ August The Company wa r-iolig ctioa aare @
/ IN other words beiore anything scarcely had bcn
dome to save the charter, the entire amount IT
cash received am ulting 90 s37- 0oo lat least
S190o0 more than sufficient 10 have paid for
the iron the labor and every thing e-c required
TO .ayc thc chartr was exhausted and the COM
pony oaal itself without a dollar
we sum up iie matter thus
tmsIt Oft cash received in Ncw Ohcaas
lrum fhe -.e 81 Il X. and assessments. tIls n1
tmYunt u. rfe-eat uilbi. dat.-. .Nauup
Total t-s-ooo
Deduct ram obi.
r.ps '... Ini'itHue-.. si33 900
tn required go +'ye .aastef 300 600 l2i 5000
AmYunt anse,auni.d fsr. sn3ooo
Showing that There b. an amount Of nearly
Hall "a million of dollars unexplained and unae-
counted ior.
Il g. certainly extraordinary that amer all
tas. no. Directory should have passed commcn-
daiory resolution, Of him and sill moro extra
ordinary that the NeN orIeun. press should have
.topp,l Forth as hi. special defenders. that the-t
Journal. should have cNoneriel the Directors
eho prolucei this mischief and have indirectly
sanctioned a alc involving such an cnornpu,
sicriffc Of property and the interests of thous-
aul. Of bona Gde stockhoder. and among them
their own cits ns who were induced TO invest
their money in this onteptife uron their iitilcr
ing representations and the high opinion enter
tanned of Mr. Ncrgr'- ability and integrity
We'll might Mr. Person. Of New Or,
leans. express astoui,hmcut at the course
of the President and Secretary of The
company On the 3lstof May be wrote
to him as follows:
" lnu may rest assured the Company will not re-
ligte Won utyuu ctnc q IVA and make. or have made
iule nud correct rupert 81 the receipt. and
dls1dr. emenls uf the Company Mf lawrpson has 81.
sp at boo h. resignation hai u viii not be received
until he makes such showing to the directors a. wht
satisfy thcm.
Tle President and Director. Of the Company are
iu duig bound 90 make detailed statement If ,fery
thing that has leen me a. this Office. IN order 10
SCI "a honorable discharge Mr. iAwra-an Is now iu
teAas attending the ale Instead Of making oat bis
REPORT.
Nj Lawrason in the face OF this letter
Processes TO have made a report, and
strange To say his simple declaration is
accredited hy portion Of the press
Mr.. Ycreers best friends will not pretend
thA be- has mot the dcmands Of this let
ter. lie was net in New Orleans. at the
meeting Of stockholders, on the 2nd Of
June. for the reason as he alleges, that
sickness. in his family kept him away;
but il is certainly remarkable that pre-
yiously To. and on the day Of sale. it was
positively announced 10 Marshall that
Nj Ycrgcr would not he there, and con
sequcutly there would be no organization
II !, nrgd that the execution Of the u cl Of