Arkansas true Democrat., 1858-06-15
Southern Pacific Railroad Company.
GENERAL oRDERs-No. 4.

|e had prepared an article on this subject, i'd in the Mobile Advertiser and News, an pnt of the company, more complete than (which we transfer to our columns:
 BOTHER BUBBLE BURsTED - The Somhe,n fc Railro td Cnlpdpy t0 be SoM Om-A lnofe than year since a prodigiouS effort fade, through the press aud otherwise, to b subscriptions to the stock of the :. South Pacific Railroad Company" a project orgi- (g, We believe, with Robert J. Walker and |Joel Sevier, of Louisiana. It was admit bat the company had been in the hands of
 ators, that itsa concerns had been grossly eanaged, and That, though nominally a
 southern enterprise, 1t had been hitherto
 ged by northern men with an eye single Frthern benefit. All this, we were told, ID be changed The office of the company 70 be transferred from New York to New ens, and allshe money subscribed in the
 was to be religiously expended, under Aern direction, for the immediate prosecu- pI the work. The legislature of the State [exas was so exceedingly liberal granting Dps of acres of land to the company along Zine of the proposed road, that but little BY was necessary to insure it's early and Dphant completion. Extraordinary in- lnents were held out to subscribers to the !. Ten per cent. Oh the subscription would that would ever be required, so that on payment of GJty dollars, man could re- a certificate of stock to the amount of d 'ea'ad dollars, in this magnificent enterprise, m was sure, in less than five years, to bay some interest on the whole thousand.- spaper editors were offered numer,u shares thout money and without price," other than 'contribution of editorial labor to ,ha ,,ono. bod, which all true southern men muSt faol NJ and willing to render to purely soutb. kork. New Orleans. Mobile and Mem,bis to be specially benefited. and were there, ! larticulafly interested in helping on the kc, More than all. distinguished, able Elncoruptible citizen of Mississippi, con Rd 10 accept the presidency of the compa- f W hat with these multiplied and tempt
 ducements, Is 1t to be wondered at tha.
 Tioed and paid in. and that expectation was
 ''oe Tor the desired and anticipated profits?
 N aiis for the vanity of human cacula-
 the result proves very different from what hoped and expected. Instead of largely fc'allng in value, the stock, so far at least N present stock ho' ders are concerned, is not
 worth the paper upon which the certifi
 are printed, and the road, with all the
 eges secured the company by charter or
 laaye grants, will be sold, about fortnight
 e' under the auctioneers hammer, 10 satis-
 Claims of secured creditors. How this e'come change in the current of the con-
 aiialrs was brought about does not clear tppear There is good deal of mystery
 'he matter, and charges of over-reacbing,
 ai.t, etc, are more than hinted The
 o'ame, however, Is attributed, justly or ny, to the New York management-but
 Va'ne the New Workers with the power to
 'a'age the affairs of company domciled [e" Orleans? From the various publica-
 made in the New Orleans papers, we the following summary of the facts so
 s developed:
 .'h the money raised in the south last |s-some $500, ,O00-the work for while.
 oraVely on. The books of the concern permitted to remain in New York and