The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-10-01
SOUTHERN PACIFIC RAILROAD coupAry
Conreniion II he Stockholders, held Al Lox,sr,li,
~, August 2tth. 1895.

The Jecp interest in this enterprise. in Tca,,-
vile was manifested by large asscmblaee Of
the citizens in the room Of the Masonic Hall
August 2l'h, 1858. Hon. james Guthrie W.
appointed Chairman Rev. Mr., shannon. Of NJ
souri,, Secretary and L. A Whitley. E.a.. Al.
sistant Secretary.
! DIR. Fowlkcs President Of the Southern Pacific
Railroad Company read his report, containing a
| full account Of the present condition N ne Gan.
I pany and wha, had transpir-d in Texs
On motion Of Geo W Williams, y .o.,
mttce OF five were appointed to cxamhe into ~
report Of the President and hear such inio,m.-
ton as hc could communicate, and vport Ia =,
4 adjourned meeting to be held Al fcss oieiorh
IN.
! The Chair appointed George W William M
/ Paris j. II Harvey. OF Louisville: Jacob Hvi,
er' Of Frankfort; J, McCracken Of Cincinnati.
and Judge W : Bodlcy Of Kentucky
Al the hour appointed the meeting re-sescm.
bed. aud the committee rad the following re-
por,
our committee having examined all the fact,
within their reach, believe that the report rad
before you tins morning gives corrcc, sreoun,
Of the present condition OF the Southern Psci6c
Railroad company. Notwithstanding the re-
sources of the company. It's means are 80 much
embarrassed by previous bad management. that
there Is nothing 10 pay pressing liabilities, nv
/ vent sale under execution. and consequential,
the sacrifice of the stock For resources and
4 liabilities see Presidents report
As the only available means in the prcsen,
emergency we offer the plan contained in the fol.
/ lowing resolutions
/ Rooirsd, That this meeting appeal to the stock
holders in this State and vicinity, To eop,rihu,,
voluntarily any cents on each share Of stock held
I hy them. before the first day Of October next
: Rcsolccd, Tint A u, Hunt he appointed I.
/ trustee Of the fund contributed who shall NJ.
ccive and hold il until be- !. notified and satisfied
that a sufficient sum is raised to relieve the CON.
pany from IT, present embarrassment; until tina,
time 40 part Of the fund shall be used nor shall
it bc paid over until authorized by meeting Of
the stockholders, called together upon notice civ.
en- by the trustee
Reairci That Il a sufficient sum shall no, be
raised 10 rcliryc the company from its prcscn, Ii.
ahliic, that the trlsle. shall return to each con.
iribuiur the amount Of his contribution.
Ro,o{rci. That your committee have full con-
hdcncc in the value Of the enterprise and thu,
the .um necessary 10 relieve 1t from lis present
embarrassment Is triiliup and that the con'ribu
tors win be more than reuuncraied by the immc-
5.ately enhanced ytuc Of their stock.
ke.oitdi That your committee believe that II
the necessary meins art not raised the interest of
the slocbhoId,r. NUT be sacrificed and the nrcs,
cuterpris postponed Il not defeated and We
therefore earnestly invoke the stockholders TO
come forward and protect their own interests.
hfsRcot Tint o. soon a. the present cmhar
rassmcui OF thc company j. relieved The road can.
and will be- put nn'lcr such control as will secure
IL, completion and increase the value OF the
n,caas ALREADY invested ten fold.
Reuired That IN fIrthcrauce Of the views.
i. II llarney, Chairman Rev james shannon.
and Cot /. \ Nhi'rly pppanp a repor, Of the
proceedings If this meefing together with AN APP
zeal Co the stofhplior. Of this conIany urging
upon them the payment Of the per cent suggest
Cd u tha first resolution, upon their respective
Shares Of stock also meeting. of the stoekhold-
Gus iu Now NHrk Cincinnati - Louis New
Orleans Nashville Knoxville Menlr,hi- and clso.
whore lH hcla 10 cooperate and all uur effort. to
provide tho mcars necessary tl iftc the company
from embarrassment
W earnestly recommend that stockholders, Who
arc indebted ON thor subscriptions of stock do
pay up the several amounts DUE ty them forth.
with
pom motion OF Mr. bullock the resolutions
were Rad ,clerally aud unanimously adopted
Several tockholdcr' prescu, desired further IL
formation about tn previous management Of III,
company what disposition ih,y had made Of the
means which had atrvaiis pctn furnished Alter
. l. -
IT, ! "NistT "ar 'Al',d upon TOR further cNpiaha
uon' ol vac aiiA'r % i"r company Questions
"rf' p1' 70 him " 'tNeiAl ne'hoers o. The meet
/ 'nf WINCH he promptly answered. Ihe meeting
seemed ch'lrrly satisfied thal Inc present ,ilrec-
'ofs "' W. foAl. ana 'h,F energetic PRESIDENT
were aelhs @i'hfaii} anu promptly lor the inter
es's OF tne stoo hho'ieIs'
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