The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-09-09

en- them by the President and Directors,
that the condition Of the company was
better than it had ever been. that there
had been no frauds in New York. thst
the deed Of ,rnai was arranged, and that
no sale would take place under 1t, they
continued these officers in their positions;
or tia. when the sale was advertised. the
time was too short fof them to organize
to oppose it. does this furnish an argu'
mcnt sgains; them for pursuing their
rights when they were correctly informed
2 We do not profess TO know the
reasons tina: ac,us,cd Judge Frazer in
refusing the injunction We DO know
however. that Mr. Post derived his n'or-
nation from respectable authority, but
as Judge Frazer has eaen proper to deny
it in private letter to Col Wigfall we
consider that an end Of the question
We have always understood that he re-
fused the injunction upon purely 'echni-
cal grounds. and we know that his course
(Which we are not disposed to criticise)
was a matter Of almost universal aston
ishment with the Bar and the people
3 That whether Pr. Fowlkes or Mr
Post voted for themselves or were silent,
is a matter not worth arguing Did the
balance Of the stockholders present vote
against themY Ii they voted for them
no one has a right to complain, and as
we observed. this takes the wind out Of
the sails of Mr. Pry
/ 4 If Mr.. Wilder has no, acted proper
Is, be Of course ought to be condemned.
But we presume that those interested IN
the matter will call upon him, and as
certain for themselves to what extent he
is culpable. If at all
5. The transactions of Dr.. fowlkcs
in connection with the Railroad company
were just subjects Of animadvcrsion, and
if the invitation he extended had been
met he would doubtless have remained.
We should have inferred as much from
his publication, Perhaps the length Of
it, which has been enlarged by our cor.
respondent to two or three columns Of
twadde prevented him from reading III
& We have not had time, nor Do we
deem it necessary. 70 call upon Mr. Wild
cr TO ascertain the number OF stockhoid-
era present at the meeting IN New Or
leans, for IT, as our correspondent asserts,
there were less than dozen present,
they had q perfect right to do ell that
was done II is sufficient to say, we arc
satisfied with the correctness Of our IN
formation. and that those who deem il
a matter Of grave import, or desire t.
crafty their curiosity can very casily
ascertain for themselves
7 The term "Fowlhcs's Journal" was
intended to excite prejudice when It was
found incenvenient to meet facts and
arguments, an ingenious dodge which
has been frequently practIced in this
community The attempt mas been made
10 create the impression not only here but
elsewhere, that we would publish hrt or
one side. As to the Memphis resolution:
creating us the organ Of the Board &c
which our correspondent refers, the,
were simply meant to affirG we presume
the confidence of the foreign stockhold
er- in the Republican as reliable jour.
nal, and that the President aud Direc
tors would publish their reports in il
columns, and any other official commu
mnnications they might desire to maxi
to the stockholders or the public. i
there anything wrong in this ? or woul,
we be less entitled TO credit, if ever,
stookholdcr out Of Texas were TO TAX
our paper 2 In nc other sense are w
the organ of the Board, Dr. Fowlkes
or any other individual, or body of ind
viduals We do sympathise with tn
two thousand foreign stockholders, man,
Of whose letters we have seen, and sev
cral oc which we have published
g. The New Orleans stockholders III
der misapprchension Of the facts, passed
commendatory resolutions Of Mr. Verge
and declared their determination not t,
interpose TO prevent the sale But wha
ia their opinion Of Mr. Yerger now, am
the management Of the affairs of ts
railroad company in that city? If the,
were really IN faro- Of a SAFE, as our cor
respondent would imply, why is it tina
they did not unite to buy the road, al
though urged by Texas gentlemen to d.
50, with assurances that there was
magnificent fortune in the speculation
Mr.. Holbrook, the editor Of the picayune
a New Orleans stakeholder. was eecte,
director, and remained in the Board, a
we understand he agreed to do, a stuff
cient length of time to enable the CON
pany to find a gentleman in Texas to I'll
his place.
c. .,,,.h c. q u. ~ Dali .zJ III. ,o-.