New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-24
glln ArIears llaIIg GEtsfEIt
. i5aI1. 81 NoRN7Ne. pEoaNBEa u, I85s.
rhe Pacific Railroad cOnver tion.
E4 D a." as#
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FOURTH DAY,

hut gave way Gen. Richardson who stdtsd that the
general committee would not be ready 1eport before
The next meeting.
rol. CORN said that the reason the conmittee were
Nd ready To report was not because Of disagreement
M because some fthe MEMBERS being men Of large
INA pressing business in the city, had rot had suf
eiert time to devote to their onerous dulles
Col. johnson took the hoor and stated that he had
witnessed with great regret the BITTERNESS of feeling
which had been displayed in previous meetings, and
NJ as induced to make an effort to put dn end to the
chickering's and personalities which had disgraeed the
Convention 1t would have and already had exercised
the most disastrous effect. The Convection was al
ready the bnt Of the newspapers Of the city, and the
speaker attacked them with considerable acrimony,
saying that the dogs of the Convention were not the
business Of the newspapers; that they had nothing
10 do with it that if the editor Of The True Delta or
any other was stockholder, let him come upon that
floor and say what he wished to this was the place
and this the interested auditory, not tile columns of
hepapes and not the public at large. He said that
though the most violent attack had been made by
the editor in question: he was convinced that living
man could have been present and not teen convinced
of both the ability and the integrity ofDr. Fowlkes.
Col. johnson closed by submitting the following
resolutions, with view to quieting and putting an
end to personalities and irrelevant disbussion which
were unanimously adopted;
Resolued, That the avowed and proper object of
this Convention is TO raise money to re-obain pos
session Of our railroad from the new Company, and
shat from this time its time and attention shall be de-
voted TO that object only to the seeuson OF all per
s0nal explanations
Resol0ed, That we feel perfect confidence in the
integrity and ability of present President and of
oers to effect this object and to condact this road to
completion
The following resolutions were offered by D. s.
Bryan, Esq, of New Orleans, and unanimously
adopted;
Res0lUed That each holder of five per cent stock
il requested and advised to advance Ms loan forth
with 70 the Company, fifty cents on elch share of his
stock.
Rcsolped, That in cases where tockholders prefer
to donate TO the Company one.haf oil the fully paid
stock owned by them it will be accepted by the Com
pany and upon each donation and surrender of said
stock they will not be expected to make any loan on
the stock of the same character retained by them
There was some considerable talk hs to what secu.
rity the New Orleans stockholders were to have for
their loan Of fifty cents per share, in the course of
which the Chair addressed the Convention, paying
glowing tribute to the integrity of Dr. Fowlkes.
Col. CORN took the floor upon the same topic, and
during his remarks said that report was set afoat
by an article in the Picayune which he had not au,
thorzed and vas perfectly astoniihed TO see, that
the Kentucky stock was placed in bis hands that be
had received it. He closed by again pledgng his
honor, as Kentuekian, on the previous evening,
tbat money nlacel m nj oyg5es, br anv If tbf an.
GERS hands would be faithfully appropriated to the
purposes designed.
Dr Fotvlksg tool the floor5 and teadinp n norton
his report at Louisville in reference to the manner
in which the loaned money would lie disposed Of and
accounted for, said that gentlemen ould see that it
was nothsintenton to plumber then ifhe had wanted
TO be could have done previously; the Company's
means had been entrusted TO him and he now held
III reeeint far $43O 400 IN bonds which Nh baan
olaeed ii His hands Fe bepge leave in tho cslroest
snrit chiffon II IN HE rprars or ~. ro.
yons evening he INTENDED IA retieethpon lii tDr r u
inteerity2
Tgr chiffon was not nresent. a15 no renIv yas n
aonrse retnrned1
EefarTing "a the oannror,isa he said there ware at
4be lime fofy rtiea VI Fl With whom he Was tra,t
members If new Gomnanv. as creditors the
Executive of the State of Texas Who held the sword
IL Executive iustce over him the citizens If the
state Of TEXAS and the New orldans stockbol5ers
wbose interests he was striving to fotect The est.
ence of the new Cononany IN tbs negotfation he rp.
earded as a mere fiction without lepal riqbt and he
could not contemplate any proposal which involved
4 union with them !: he only treated with them as
credtors and was ready 70 award them their Inst
dues he offered "a leave the questions between them
to arbitration and to do ANYTHING which was for the
best interests OF the Company viii which he was as
sociaed, and was Justice to the either. weight as
heavy as mountain rested upon the COMPANY in
Texas-tbe reports 81 bogus stodk. and thousand
other iniurious minors Two certificates Of the same
number Z, O7o,p we're found, aid it was nailed ag
opns stock u iii if stock Il frahdnlenty issned n
must be by duplication Of numbers but these eertf
cates we're traced and he dnnleation was foupd IL
he the result Of clerical error merev-one Of the
numbers should have been / 0o7 y and was so en-.
tered on the books.
The object OF this Convention was to agree upon
ways and means for satisfying the new Company
paying its claims, taking its stock and dissoiynp Il
into thin air, as il must CO. Some of the claims Of
debts, he was convinced, must he ruled out, whct
would reduce the gross amount bf 1927 900 claimed
The claim was made as heavy ls possible, so as t,
put it out Of the power Of the Company to raise it
The new Company never depended upon the deed o
trRst, but expected to complete their title by exeou
tion and sale of this Company. All that was neces
sary was to 90 to Marshall, Texas, with the money
comply with the terms and free the road.
He then referred to statement relative to contrac
made by him, made by Mr. LawrGson last night, whel
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