Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-03-07
sOUTHERN PACTFTC RAILRoAp.

IRON the n. o. PieayuHs, Of the Goth February,
We copy the annexed article The intelligence viii
be greatly gratifying to many in Tennessee who are
stockholders in the road, well IS TO all our cit-
zens who hope to see q road TO the Pacific, con
sructed by individual and State enterprise through
Southern territory.
TIE SoUrHERE PACIFIC RAmEoAD.-Recent intel
hgence from Texas brings US very gratifying news.
OF the growing popularity Of the Southern Pacific
Road, in that state. From various causes, arising
out Of local interests within the State facts con-
nected with the management Of former admin
istrRuons, and very natural doubts Of the ina
baty Of the new to secure the charter and carry on
the road with vigor, there has been in Texas of
late a general lukeWsrmness on the subject and
some special and formidable hostile interests These
have recently given way before the proofs of the
faithfulness Of the company, and the energy with
which they have gone 10 work Throughout Texas
very favorable change has taken place, greatly 20
the advantage Of the enterprise. Persons and mar
ties, Of great influence personal and political some
Of whom we're not long ago Indifferent or even zeal
Gus in opposition to the objects and policy of the
company, have become fast friends and active advo-
eates-have not merely given their support TO the
objects Of the company, but have united in council
with them, and given such active cooperation as
viii ensure speedy victory over all obstacles and
8 rapid progress Of The work through Texas
Thence to the Pacific, will then become a national
want not TO be satisfied without speedy accomplish
ment The stockholders will thea realize the great
profits Of the enterprise, and the fast friends VINO
faithfully exert themselves 10 ensure this grand
suit will have earned high elevation in the ccun-
try as public benefactOrs.
The same favorable influence brought about in
Texas By the completion Of the frs section there
by securing the charter and all the privileges e1-
tends elsewhere. A more favorable feeling is man
Tested in the additional hrmuess given 20 the stock,
and its upward tendency in price. This ought TO
be permanent for il is founded on a rational view
Of the soldity Of bases which the company has now
attained, and the clearing away Of uncertainties
which Obscured the future Of the work 10 affords
inducements which ought TO be very satisfactory to
the nOnpayiug subscribers, whose stock was sold
the llJh forfeited. They have under the resolu-
tion Of the board, the privilege Of recovering and
retaining their stock on the payment, within a
month, Of the back installments and the improved
condition Of affairs makes this an advantage which
it is 10 be expected, they viii be glad TO accept 10
makes no difference 90 the company what class Of
holders reclaim the paid up stock The forfeiture
was inevitable, and indispensable. All the Difficult
ties which beset the company during the past season
resulted from the failure IN paying these install
menis Hence the necessity Of borrowing and Civ
ing liens on the road TO raise money TO pay con
tractors, In order complete the section required
by the terms Of the charter. The sale of forfeited
stock has helped 20 remedy these evils The liberty
allowed 20 def8ulters TO resume it, under the new
anu improved auspices, Is a favor which ought TO
be readily accepted Only a short time is given
because il is highly important that all these ques-
tOus Of interest should be settled finally, the
stock may take It's place a determiuate invest
ment in work which is no longer a speculation, OF
an expectation, but a solid reality
The rights Of the company are fixed, and the con-
dItiOns Of the charter all complied with; no new
sacrifices, under forced marches, are required and
If not another spade be put into the earth for many
years. the rights and franchises Of the company are
their lnaGenlble property. No other company can
supercede them; and none can ever expect TO OBJ
tain such liberal grants AMI such generous ezemp-
lions from legislative restrictions.
But the work viii 60 on. ID needs only to be
studied aud COmpreheuICi 20 receive al the support
which will enable 1t to 60 rapidly completion.
IL is great national want, and great Southern
want and it must 60 on. A majority Of the stock
is now held by Southern people. Ii has peculiar
claims on Southern statesmen, Southern patriots
and Southern capitalists, as a legitimate means Of
Strengthening the South, within the Union and for
he Union, in harmony with the general good Of the
whole Union. Let us then take courage, aud act
l0gether, 10 5rinEUbOut the earliest C0nsummatiUn
Of a work great and so beneficial.