The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-01-09

, due,d to in.-s, their capital IN THIS -"'s''
A ,,i., aa pfe6,.bl. speculation. l'' 'oca
announced through all III" newspapers OF
New O,le.us that 5000. 900 !" cash have
. been realized by The company from the sale
, OF stock
4 Everything seems to go along '~'m>
h. minpl,. Not breath OF suspicion 10 hear"
4 a, to All, thing being wrong. The stock
hold.rs aud particularly those who were
/, induced by Mr. i~'ger's aai'srlng repre-
,eu,ations to inv.st their money in this en-
,.tp,is-, and whom hs was alike bound !"
honor aud honesty to have protected, are
, no. advised that any difficulties have arisen
~ to the hnsnciAi matters OF The company
+ or ,l,a, there have been any fraudulent "
que. Of stock. They confidently believe
, that the books are in New Orleans sno
lhs. the compsny Ia. in truth and IN i"c'' u
.oalhefn organization. Ia the mean ''me
Nf lefgcr's brother removes to Mars
shall. Tho presidents waits several months
lot hi. salary to accumulate to h'c or sA
thousand dollar. aud the hfs, inlina'ion
,ha, we have Of anything wrong H. 'ha'
all the drsn. purchased by the merchants
AID others l,r the purpose Of making re-
mi,nnees to New OleaGs. comc back.
early in October. protected, and ms 100
before $1,000 Of the 5000 900 slleged
to have been received have been expended.
shortly after. Mr.. Yerger makes his APP
peafance IN Marshall None OF the stock
holders or any one else, except select lew
f, arc n~ar. OF tho object OF his visit. lie
, STAYS bu, few days, in which he writes
on, hi. deed OF ,ta.,, gets ii' brother to
. sccep, it, aud without. any consu'tsnon
9 With the other two gentlemen who are
=. mentioned AS trustees. evidently as mere
n matter Of lorm,) the document is hurried
to the county clerk, office record, aud he
b. departs az unexpectedly as lie came, and
It it i. only after he has gone, that the stock
y holder. aud the public learn what has been
O done. So far from giving any notice o
% this extraordinary proceeding, either "b'l'
. IN contemplation or after it WAS consum'
70 mated, efiuls were inside to suppre" III
re publication.
Now all th. may, possibly. be suscep''
- ole of an honest explanation. 1t cettalnl.
~ look. very suspicious, particularly ~he'
in we consider ,ha, the former President, NJ
a, Robt J Walker. and the present President
~ Mr. George s ierger hail from the sam
a. State Mississippi.
h. Bot Il the circumstances which proceed
,v Ills action Of Mr.. Yerger require 1plsna
A nation, wha, can be said in favor OF tn
h. deed of trust, Are legitimate. cash pay
a, ing stockholders to be Satisfied by beini
At told thu. there il \ private written agree
n ment. signed by the parties to Ihi. deed o
IN trust siipula,ipg that all stock Tor waic
n cssh has been paid is to DO recognized
=. when they look at that instrument aud Sc
il. lhat Mr. lerger has had the ptscaution t
~ provide for his own salary aud for o,he
* claimants. including n number Of begu
n, stockholders in Iesas.f who are r,cog
= -'"- fferrsd creditors, to the pr.Jn
IA dice Of Legitimate s.o..urisfs, while N
" protested drafts Of tho company are lel
q. unprovIded for, that the deed OF hu.
b.. was executed without notice. aud Was eyl
+ IDENTIFY intended to be KEEP, secret, tia
d, franchise aud property OF the value o
IN hundreds o. thousands OF dollars aud per
II. hsps millions. il properly managed is t.
n be sold at the Courthouse door OF All in
IN land town in Texas after ten days notice
IA aud that by this action. the lights Of al
10 legitimate stockholders, are TO he place.
al ia tbs hands Of few men, upon whcs
=. integrity aud senss OF justice they mus
IA implicitly rely. without ever having bee
,s asked whether they were willing TO fepos
a. such confidence IN them
4. II Mf \,tgets intentions are honest, /
ID certainly seems % mo lie has gone t.
d work the wrong way. cannot but ihini
/, he has been guilty OF an extraordinary aDl
y iudetens'bIe assumption Of power.
!. There are thousands If legitimate stock
a boldets connected with This entcfprize
. Many OF them have invested largely sew.
!. sral AZ much M twenty and twenty five
thousand dollsrA, in cash. They should
3, arouse themselves, and in,is, upon a foil
, aud fair investigation OF tho financial af,
lairs Of tho company. II their stock is
ever 10 be worth anything, they should
know it as speedily AS possible. II ss i,
, stated, there are immense amounts Of frad
uleo, stock Issued, aud 40 means can be
4 devised Tor getting rid OF it, lie, the fran
elise aud property be- sold but. in that
case. it should DO dous IN manner to sat,
isiy all legitimate. honest parties They
. are certainly entitled to participate in any
, action that is taken. The honor and in>
A forest of the State demands it, a. ANY other
course would PROSTATE all of our works OF
o internal improvement. l..