Arkansas true Democrat., 1858-01-19
Cairo and Fulton Railway.

We have received pretty full report or an important meeting of the Board of Directors of this enterprise, held at Little Rock. The com pany find it impossible to negotiate their secu- rites during the present state of the money market and have therefore male call upon the stockholders for the means to grade twenty five miles of the road, in compllnce with the act of the General Assembly transferring the lands to the company.
 In the present state of the money market. the company cannot make the immense land grant it has obtained available for raising the neces- sarv means, without too great sacrifice. It IS then, of course, their policy, to raise the means from the stockholders, for the purpose ot com plying with the law and saving their charter. This compliance can be effected by the collec- tion of call upon the stockholders, While, Tn the meantime it is believed the money market will become settled and easy, and the lands, in consequence made available to raise funds tc put the entire line under contract.
 We think the company has acted wisely in determining to commence the work on the northern bank of White river, and continue it northward towards the Missouri line. There are many reasons why this is a wise policy The Missouri division of the Cairo and Fulton road is already partly under contract, and the
  portion of it has already been purchased. The whole road will soon be finished to the Missouri line, and if met at that point there will be a complete communication opened between St Louis and the whole north western country and White river. White river is navigable at all seasons of the year. The result will be, that, in the winter season, when the upper Mississippi is closed up with ice, and, in the summer season, when 1t is too low for navigation, the whole trade and travel between St. Louis and New Orleans, will be carried on via the Cairo and Fulton road and White river. Capt Williams, in his letter to the committee of the board of directors, which will be found in the proceedings, which We shall publish at length in our next weeks issue, sets forth all these matters with cearness and force, and we have no doubt the directors in being governed by his advice have acted wisely.
 The above comments are by the Boston Rail- way Times. It will be gratifying to the Board of Directors of the Cairo and Fulton railroad to learn that their action meets with the en- phatic approval of journal of its high reputa- tion.
 Undoubtedly the proper point for the com mencement of the work has been selected.- The road will be paying one soon as it reaches the Missouri line. At that point it will meet the Cairo and Fulton railroad of Missouri, now in the course of construction, and at once open a communication between Cairo and White river, and thereby secure the trade and travel between New Orleans and the northwestern States, both in the winter when the upper Mis- sissippi is frozen over, and in the summer when it is too low for navigation. This Is one Of the reasons that influenced the Board of Directors in selecting the nolthern bank of White river as the point of beginning
 Judge Cross, the president of the Cairo and Fulton railroad company, has just returned from White river and brings the intelligence that the corps of engineers under Mir. Davis had con- menced the work of locating the road. and that a company of our most intelligent and respon- sible citizens in North Arkansas were forming to take the contract for grading twenty-five miles. This news is highly gratifying here, and gives the stockholders renewed hope in the success of the enterprise. We doubt not the CdllS Hlaue upon lueln Will De promptly met ana paid, and the means thus obtained to ensure the completion of the work. The patriotic gentle men who are about to undertake the grading of the first twenty-five miles will deserve the thanks of the people.
 The twenty-five miles of the road required to be graded by sometime in November next will be certainly completed. Judge Cross is very confident of success, and looks forward, now that the work is really begun, with nenew- ed confidence in the practicabihty and beneficial influence of the enterprise.
 The Cairo and Fulton railroad company is one of the wealthiest in the Union. To carry on and complete the construction and equip ment of the road it posse esses about e1even hun- dred asousand acres of lend. With such muni- ticent means to go into the market with, as soon as the monetary affairs Of the country become settled, failure to build the road is hardly pos sble