The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-06-05
SAFE OF THE SOUTHERN Pacific RAIL.

Tuesday last, was a day OF excitement
IN Marshall. A considerable number OF
people from the country. attracted by Gu
,iosliy, wers in attendance. Msrsrs.
FowIkcs and Post had the day previous
sued gu, an injunction to restrain the Truss
tees from selling the road. hu. had failed
MS was generally understood. IN their oh.
Jet; consequently the sale was inevitable
The scene at tho Courthouse was rich
aud rare aud, TO an outsider, somewhat
amusing. Mr.. Joseph ". Taylor (com'
monty known Ia this community by the
soubrique, Of Uncle Joo" did the sell
Ing After stating the property to be sold
he announced that /, was cash sale ,he
purchaser would be allowed Thirty minutes
to comply with the terms, and II he failed
in TINT Time ii would be sold over again a,
bis iisk. When this was accomplished,
Mr. N,rfsb, in behalf OF suudry clients
who held Judgments or claims Tor dam
ages sgens, the road. gave the necessary
notice, aud IN behalf Of Mr.. Pos, and
others forbid tho sale. fret, because those
parties asserted prior Claim or mortgage.
aud secondly. in behalf Of these parties,
and other stockholders, declaring the sale
Illegal and void, and tho deed of trust a
nulliy. Then followed Mr.. G.. NJ. Adams,
ia similar manner, who gave his reasons
Why tho deed Of lfast was a guilty.
Then came &. Mckay. Esq, who hhd .ou-
dry notices OF warning. OF course some
confusion and alteration occurred.
The sale fnsIly came off, bu! without
animation Ia tho bidding. The property
was Gnally Knocked of TO DR.. Jefferson
VI. Saunders for the sum of . 10 900
We understood that DR.. Saunders OK
ecuiej heed to the following parties
Mesas John I. Grant, X Co., W. i
Scott. J. PIockney Henderson, J. Taylor
J. l.. a j. s. Bfowc, NJ. J. Hall. ". R'o
Ward, T.. \. Blanche, l.. +. Wigfall. "
r III. George G. Lswrsson, ]. VI. Tsv'
lor, u. Smslley, ). II. Il 4. NJ Burnham
J. 7. Smith. Ihos + Swanson, II, Wick
land, II. r. Perry. H. VI. Hood, creditors
&c , of the company.
The new company has been organized and
elected the following directory Messrs. J
?. Henderson, l.. r. Wigfall, George b
Adkins, W. I Scott John r. Grant, Benz
Long. and ] VI Saunders.
Ia the mean time, Messfs Fowlkes and
Post, IN behalf Of themselves and other
stockholders. succeeded in getting an 10
junction, restraining tho new organization
from exercising tho franchise, controlling
the railroad property, or exercising any OF
tho privileges OF the nc. OF incorporation,
un,il after the l9lh of June. This injnnc-
ton lasts sixty days; until tho 10Th OF
June without, bond aud after ths. time re
qeirios bond Of $500 900
According to public notice, published in
The New Otloans prpera, n meeting Of the
stockholders was called to meet ia that
oil, on tho ond ~ t~~., ~ rs 10 IN r.-
sumed that they did 80 meet, THE Flag to
tho CONTRARY notwithstanding and have or
will elect n President, Board OF Directors,
and other officers, and movs tho Office to
Texas, in compliance with the act of the last
Legislature. as otherwise they would forfeit,
at least eight cf the sixteen sections of Land,
the State loan. mud perhaps the charter IL
itself Whatever NAV be said about fraud
ulen, stock aud bogus stockholders, il ia
not to be presumed that the thousands Of
bona htie. cash paying stockholders. scat,
tered over The country will submit to be
cut OF In this summary manner, wilhou.
struggle.
We mry then confidently expect to have
iwo organized companies IN the State AZ
sefiiHg a claim to the franchises and props
'tiy Of this incorporation. Which will
prevail, 10 matter to be determined BY tho
courts Of tho country.