New Orleans daily crescent., 1858-11-12
sontnsrn p.elfIc y.nll,on,l.

Relow We give place d an article from Tie Mem
phis Bulletin Of ls: Saturday, being earnest ap
peal to stockholders 70 lie IN full attendance at tie
meeting Of the southern Pacific Railroad Company
in Louisville on the 25th inst. The considerations
which should induce strong representation Of stock
holders from all sections are forcibly presented, and
will doubtless have their due weight. TO the atten
ton Of all interested in this important scheme Of i'm
proyement we commend the article, its statements
eXpostions and representations:
SOUTHERN PACIFIC RArLRoAD-THE MEETING OF
STOCKHOLDERS At LoUIsyILLE.-We would again
urge general attendance in person, at the meeting
Of stockholders called at Louisville on the 25th Of
thls month. There are a number Of considerations
suggest.
In the first place, the compromise which has been
Effected between the old and the new Company Is
ot Such character az to give renewed confidence in
Tue enterprise ana 70 rea5suTe such as may have been
distrnstful Of its management By ID ali the rights
Of the stockholders under the old Company are fully
asserted and recognized--the only obligation come
under heing that o. paying the bona ide debts held
by members Of the new Company There has been
no bonus paid nor is there any to be paid for ts set
tlement upon the basis of full recognition Of the
chartered right Of the Company but only the honest
agreement to pay lis st debts, and thus to free the
enterprise from the suspicion and opposition that at
tached to it because this had not been d0ue. In no
degree by any act have preexisting legal rights
ofhonest stockholders been put in jeopardy.
The stockholders need have no fear, or hesitation
them in meeting, literally and promptly, the calls
upon them to meet and lquidate these debts. The
time obtained by the compromise five and
seven months-is ample to enable them to do it With
ease and thus put themselves in the condition tC
have their Board Of Directors go on with the nex
section OF twenty-five mies-upOn the completion o.
which they Will be entitled to the State Loan to
amount nearly or quite sufficient to reimburse the
outlay.
The hostile legal proceedings Of the State author
tiles having grown out of the contentious between
the Old and the New Companies will undoubtedly
be Withdrawn whenever such satisfactory evidence
shall be afforded Of the prosecution Of the work
What the State Of Texas desires s the budding oj
ROAD and she is munilicent in her aid to those
who will honestly and energetically go on in the ac
cOmDlishment of that object. The stockholders oil
the Old Company have it in their power, now to for
ever secure their cooperation, by simply raising the
amount necessary to discharge these debts Receiving
the road back disentAnged of all legal embarrass
ments and going on with it to glorious completion
The compromise gives them all that can be asked OIL
| desired and they have but to pay what is due OF
| their stock, in order to realize their most sanpunC
| expectations. Let every stockholder attend tht
| meeting in person, and acguant himself with tht
! facts. as they now exist.
| There is further reason why every stockholde
should be present n the fact that an entirely new
organization will he proposed for future operations
| The present President, DIR. FOwlkes, has served tn
Company most faithfully and efficiently; but under
stand it is his earnest desire to confde the fatur
management Of the enterprise, when it shall be en-
| tirely freed from ENHANCEMENT by the payment o
these pre-eXisting debts, to whose known credi
| and character will challenge universal confidence
and who will be free to WELD its vast resources un
embarrassed by the clog of participation in its pas
difficulties. Let every other stockholder act in tbs
same uuselish and devoted spirit, and the most com
plete success is beyond the reach of doubt.
We would urge, too, that there be representation
| from all the Railroad Companies west of the Mssis
sppi, and those having immediate connections witt
them, at this Louisville meeting, They are not
whit less interested than the stockholders for it
indubtable that this Texas Railroad is the mai
trunk line to the Pacific for all of them. 1t run
over the shortest and best route. 1t is the only on
which has provision made for its construction diE
tance of eight hundred miles-haf the distance
the great national interOceanic road which is to cor
meet the Atlantic and the Pacific. The natural ind
cations point New Orleans and st. Louis to converg
upon it. Such being the character of its route il
claims to the aid Of the National Government for il
| extension beyond Texas cannot be overlooked an
the railroad interests which connect with it ought
be at the Louisville meeting to suggest and aid i
making the application to Congress for the patronag
of that body.
If such an invitation has not already been e.
tended, would respectfully suggest it to the Pre-
ident Of the Southern Pacific Railroad. Lucrative
it may promise TO be to the stockholders as an nyes
ment, the project swells in importance beyond tt
limits of private speculation, into one of nation
cOncernment and whatever may tend to its prom
ton, ought to be Of interest and open to ALL In til
light, we would invoke the attention ana sympatt
Of the entire press Of the Mississippi Valley in rega
| to it,