The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-11-19

the new company by most intimate re'a-
tons
That Committee, with the sanction OF
both parties. met, and, after several days
del;hcration, made their award. Dr
rolkes, at the time uf its rendition, was
confined TO his room The committee
waited upon him and it was read TO him
He saw. as he thought, tina, the award went
beyond bis and the Committees powers,
and that some Of its provisions. in the
mode contemplated, were, in his judg'
mcn,, impraciicahle But recognizing
the intentions Of the Committee as just
and proper approaching the disinteres-
ted and onerous task which they he'd
undertaken, having every confidence ia
them personally. and feeling that be- and
they were aiming at a common object,
be remarked that they had placed things
in the award which he had no power To
grant or perform. hut that he would
sign IT, lie felt. a. be- expressed him
self that he was dealing with gentlemen
who were contcnling for the success Of
great cntcrtcrprizc, and had just and
enlarged conceptions Of the responsible
ties which rested upon them That they
would not resort to tcchuicaities or To-
quibblc.. as men engaged IA a horse
swap; but that, looking 10 great rr'nh'
they would not cayil about the mode, SO
tina, they were Justly and lrsitiaatcly
accomplished
\ day ur two Afterwards. lac under
stood that prominent members Of the
new company were boasting Of the adj
vantagcs which they had gained in the
award This aroused hts suspicious
He saw very clearly that be might be
charged with usurpation If power.
where no such purpose was designed
aud that where the committe was nd,
known, the award might Sc q, construed
as to leave the ifGprc sion that the road
would not DC '.cnvercd to the I'D compa
ny aito. they had paid the money. and
,nat it might be- further intimatcd that
be- had compromised the rights IF stock.
holders whereby legitimate stockholm
ors, after having, Ia good faith, furnished
money TO redeem the enterprise. would
be Invested If their claims
II was under those circumstances that
the board OF directors took into cunsid.
Grafton the merits Of the award, and re-
pudlatcd all that portion Of it which they
considered as going beyond the authority
Of the President or the Committee.
DE- Fowlkcs. IN the meantime. bad a
committee appointed consisting Of Col.
Mills aud ourseli, who waited upon the
committee, with view Of securing a
modification Of the provisions which he
feared might be- used 10y designing per-
sons to prevent him from raising the
money. The Committee deemed it unad
yisahIc TO reopen the award. and So de-
tcrmincd
DR. Fowlkcs bad decided Ia publish
everything connected with the ncgotia-
tons and gave them to us for that pHr.
,,.u. far ,..,ofI.,tn.r tb. ,uu,t.r ,,.n
saw very clearly that it would lead to a
useless aud Improbable discussion
satisfied that all parties, so far as an cx-
preston had been elected were aiming
at n common object namely, the pay.
mcnt of the debts the purlica ion OF the
company, and the prosecution Of the
work-we saw no good to he accom-
plishcd 10y such publication. Hence it
was that we went to the chairman Of
the committee and presented the impro-
prioty. in our Judge neni, of making a
tion and revive anmositics that were
happily allayed We also presented the
matter to the consideration of Mr.. Grant,
aud told him distinctly that the PROPOSE
ton did not come from pr fowlkcs.
We said to him, " We presume sir all
you desire is for the debt, to hc paid,
the company to be purified, aud evidence
given that the work will be- prosecuted
with vlgor. Ii the old Company elect
man of high character and qualifications
for President, and Board of Directors,
in whose business capacity the whole
country has confidence if Dir fowikes
comes prepared 10 pay the money. gad
announces a course of policy that prom
ises to redeem the company from past
Encouragement, all the Just and fair oh
jocts Of the compromise will have been
accomplished The period Of ninety
days is short, and you will soon know
whether he can carry ont ,lesc Just de
signs" Under this statement Of things.
and with the decision of the committee
that nothing should be published "A de-
cision the object Of which was to keep
down bad feeling in Texas, and To- pro-
vent obstacles being presented to pre-.
cent Dir. Fowles from raising the money