The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-05-29

or The excitemen, abroad arising rom
the sale Of the Southern Fse nc ki'roae
4. nk.l, TO be intense. The following
from the I.ouisville journal exhibits the
feelings Of the stockholders 10 that city.
From he ouis,ll, loufual
utrHinN PACFtC RAttRoAp-Ttt Nhti
tNG or STOCKHOLDERS
,..,.,.o, ofth. Kentucky Stockholders of
tArSauthern IA, .hs Railroad was eoNFrnfl ="
the United States Hptel, 10 Lpuis'tie, y oil"
Saturday May 10Th. ,,
Jacob -w CERT, ESQ. Of Frankfort was called
70 ,be chair. and VIM. C. Tyler h'q, Of Louis
Vile appointed secretary
Mr. -wicert stated that the meeting had been
hastily called 90 take whatever action migAl ne
5.eued necessary IN an emergency TIA. bad
just arson.
T,'srmphIc i-aaiches from enc Of the d'fer-
fsr.nN ue Orleans were read. stating tnal thc
rDtI aad ia franchises were adfertIeed 70 he
sad. at Marshall. ia Texas, on tne lsl day %
Lane nest. under iiie provisions oi the deed OF
fm.t. executed ty the President 30 November
1897. and ,hat. unless prompt action "h' taNen'
ia. stes a.a.det- would be ou'ici tom lHe
posscs.lpu OF Tue road.
several gentlemen Who wese present. ana
,.f,. we're familiar with the past history ana
present coud,iion of thc eomrrny, gave Use de-.
ia.I. oil tAr campaHY's transaction, and auayei
e,.l~nre- tuat. itst az the moment when ihe
.e.cs.s If toe raterptfzc vas placed teyond
suy Doubt, and i;s magnificent ads ulaees ana
unparalleled promises ct pfoht were frhaet'u
certain. on attempt TO commit = monsif"H'
frsnd upon the stockholders and to disesi them
of ut.r ownership n the road, had been dis
covered,
Various methods If Defeating the eonsumma-
ton If thi- fraud were proposed, ant Oh motion
O. committee wa- appointed 70 prcp1fr reson'
tons.
Tie committee reporiedthe following, which
were unanimously adopted
NHfEAS. We have been Informed that The
Southern PsrGe railroad, together with a'
iho rights and pntlcges thereto belonging o.
advertised 10 be- Sold, az public auction, 20 Mar
shall. Texas. under q deed Of unst, executed hi
tine President of the Company aui, Whefea
from the information Wa have received, We be-
Geye that che presldeu, of the company tran
4ceudrd hIs authority iu the execution OF SAFE
deed and that the proposed sair would be
Wanton sacrifice Of the interest, Of tue compa
~ and great outrage upon the rights @
stockholders
Re,oired, Tha, pc call upon the Pre..den
aud Directors of Csc southern PacIili Ratroa'
Company te Take such prompt ard mmee@'
siep4 s- maf Dee necessary % prevent the e'n
summation Of the proposed sale and Co prol''
tho rights and Interests of thc stockhoidtf
from any sacrifice or detriment
R.soited, That we regard Gle" e2ecut1n @
said decd Of trust rs altogether unnecessary
and we pledge onrsclyc. 60 resist any proceed
u.,- auder it, and recommend our ro-stoch
holders iu dther States TO adopt similar heto
~ tbe prerl es.
Rfoltri. That tho Editors Of all the ness
papers 10 the city be- requested 10 publish ih,s
proceedings.
An interesting Interchange q informal 'o
and opinion. lis 30 the condition of tue com
p1uy look rlace, during which the following
fact4 eere furately sscefiained
Tho whnle amount of tie present lpbili''
Of the company ine, not exceed 100000.
rs assets arr--
90 my ef Rad Boz ronainr order. worth sag 500
insia menis ia he fccslvfl rom stock @f
Bonds. mortgage a. s'i"
Land atfssiy pur' iiased -'i''