Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-02-27
THE SOUTHERN PACIFIC RAILROAD.

We hear with great pleasure of the completion Of
twenty miles of the Southern Pacific Railroad, and
that the rights of the Company under the charter
from Texas are thus secured. From the PieayuHs Of
the 18th, we copy the following announcement:
TIE SOUTHERN PACIFIC RoAD.-The following let
ter from the Engineer in Chief Of the Southern Pa
Cihc Railroad gives official authority for the intelli
gence we announced yesterday, of the completion Of
the first section Of the road and the final confrma-
tiOn Of the charter. That event marks era in the
progress Of this great work, from which prospe
rous future may be securely dated. Ii only needs
proper appreciation of the immense value of the
enterprise itself, and the great advantages for push
ing il forward which are vested irreVocably IN
tins company, TO draw the attention Of capitalists to
II, as a sure and profitable investment; and gather
around il the support of all those who feel the i'm
portance to the nation of the early completion of
land route Of speedy communication between the
Atlantic and the Pacific States Of inestimable value
TO the South Il is boon offered 10 the acceptance
of the whole country.
MARSHALL, Texas, Feb. II, 1858.
No Dear Sir: IL affords me pleasure TO announce
to you the fact that this day twenty miles of
road we're fuishedand passed by train Of cars
The chartered rights Of the company thus
cured beyond future contingency. Arrangements
have been effected here by which, il is believed, the
extension Of the track will be prosecuted without
interruption to the city Of Marshall to which point
the grading is done.
All materials for the completion of the road, thus
far (tWenty-ssven miles, are on hand The great
incubus the company up to this time has been
doubts Of saving the charter. This is removed,
and no cloud overhangs the future Of the Southern
Pacific Railroad Very respectfully,
E. A. BLANCH Chief Engineer.
A. NJ HoLBRooK, Esq, New Orleans.
2. S.-PrOper evidence Of the completion of
twenty miles will be sent to the President Of the
company, and also to the Office in your city.
E.A. b.
In our advertising columns, we publish a notice
from the Secretary Of the Company, in relation to
forfeited stock. The New Orleans Crescent, in its
money article Of the 18th inst refers to this StOoh
and its sale, as follows:
The stock Of the Southern Pacific Railroad,
standing in the name Of subscribers who have omit
ted to pay up their iustalments, sold yesterday
at auction for account of those subscribers. IL was
nasty purchased by those who have taken large
interest In the road and can be redeemed at any time
within thirty days. In a recent decision given by
one Of our courts in the case Of the Mississippi Sound
Company, all those who have subscribed TO public
corporations Of this nature are bound to pay up
that Is, If they have anything to pay with. There
will be no chance Of getting clear in :he case Of the
railroad on the part Of those who have placed their
names TO he rolls Of subscription, The number OF
shares sold yesterday account Of delinquent sub
scrloers was thirty thousand It's hardly necessary
for us TO add the charter of the Company granted
with the immense and profitable privileges by the
state Of Texas, has been saved and confirmed by
the completion Of the first twenty miles Of the road,
which secures the grants of land. So far rs the
matter now stands the immense privileges Of lands
are secured and the success Of the road placed be-
yond doubt Two hundred and seventy miles Of
the road are now under contract and to estimste the
advantages Of this road, would require more space
than We can appropriate. It is really Southern in
its character. The management is now out Of the
control Of the New York joboers and SPECTATORS.