New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-25
nm 9tlsars 9aiLg Gtestent.
sarlfc Raalroa.l oonventlon.
rrrHH ~

rsu nv
4tsrdanca vns much smaller than on previous
sessions the probability that harmony would pre-
.ail combining with Christmas eve to make the hail
Issa popular MACE Of resort than previously.
sssn Ricbar5son Chairman Of the General Com
7issee. handed in their report, embodying certain
T~a,ss55ings II M Foar5 IF Directors, as follows
r,ss,.ss $500. tg,at tbev have given due
w 5 es.istinf to the pres.
consdeFaaoh w VIZ iacss pes ~ FsSne aIsn t.
enl wants anl ellsl 4 u s,;s,iiIe and have
me acsiot " sls ~ ~ tsnt If The rights
alse ths Sis n rn nropnt and deci
ala pEopsLsy y r. ~ rsoti3n segested and have
unanimously resolved 70 suos tals stl aS
eonpanylng Eesola10hs ioA Jul "pf ''''e 1es
Hon i. ~. r,,,na,,,, shan can,a
ffesoUet Inae ny SUI g ~. frs,,nbisss and otheT
nto possession Y ~ tI,at M csptai stoek If the
.gpsssg mS Is scaled down to denomination CO.
enua 20 he cash value Of the assets Of the same and
certificates foF the same shall issue to all stockholders
~ the reduced yaa a, ;.sne5 ~ tba col.
fos ma loss recommended by this Con.
venten shall operate the obligations Of this Com
pany TO refund Che amounts expressed N tne pear.
ing interest," @ 1ae Is1e y. ssse " sc
9,.sIl bre wears from dates or NAV Re Maid
IN stock at par in twelve months, at the election o.
The holders. = 49,
ss9lge s las upon Vaang sng gu ssant n
M NIX hs asstion AZ Prsident ana Directors at this
time. -.,.... - 90
7,aor ~ nractoSs 5onfad b his Convention.
rproossd;ngs # ~ Board II Directors of the
sontfaTn paeifc Railroad Company Of New Orleans
9sa nacey,bsr ls5s1
q Tgybsrsa, M President has full G anfdence in
the ability and integrity 81 the present counsel IN
Texas but as they may moi PC known " Wy uissns
st9eknelaeI ns WI eounse Who would have
S Nh rs entire CONFIDENCE:
Be 4 Resoioed, That we hereby appoint Co y.
CORN of Kentucky saeh ASSISTANT coulsei y w
pa5 is !, stbsr Reeatps That as many of the drec
tTs and stockholders as possible be requested to ao-
company the President to Texas, and to attend an
adjourned meeting 70 be hela IN Iezas II sne NOUN
u aauaeiy l5A.. ..;.,,. ,,,u,,a,4.
Aness seso,p'ions anu aeO0sl 1l-'NA''
@Ske isad s'ia au0
seaAsenlels iAoul ooi ~ = ~ III,
asels q M company as e, unu Sle ga
aepss g. oo-te ias'tl Aloun' 'Aie
VIZ iouO payment
9st8et leaa ueapassn ION lil9
DloLlee, t' 9eo Fl 'lias ~
yeaton Wo1ld pe con1lnuea 70 9a'ura"y nish'' Wlen
ne 8ona % N inc Guy III Nlnulea''on "
ms course
The sense Of the Convention was taken and found
adverse to such continuance of the Convention.
IA paper signed by seventeen stockholders of New
Orleans, and pedeing themselves to pay the so cent
loan on their stock was presented by Mr. Janin Of
New Orleans. accompanied BY a resolution that these
finds should be placed in the hands Of Coils jeremiah
Morton and Il CORN, to be devoted to the objects for
which they were subscribed.
Col. Morton stated that be could not act as such
receiver. d. be had made his arrangements to leave
ths city tomorrow, and besides Dr. Fowlkes was the
man to whom it should be entrusted.
Col. CORN said that if be must he would serve as
Tie custodian Or the money, though his nature re-
beIled against the imputaton thrown upon the Presi
dent. knowing him as he did.
Dr. Fowlkes arose and taking up his hat, stated
that lie resigned his position as President Of the Com
pany, and left the hall.
Mi. Coemanand others made remarks explanatory
Of The resolution, which was not intended to reflect
upon Dr. FoWlkes aB the speakers said. Even had it
been. was the position Mr.. Coleman took, this was
deliberaye assembly and its members had right to
free expression Of opinion
MIR. Janin came forward and withdrew the resolu-
ton which had caused such commotion.
The following resolution was read and adopted
Resolved That the Hon T. Butler King be re,
4uested % address this meeting on the subject OF the
7olsls s.! Iaol9o hal.1uau'
rs hlg aua.essee r. oolyension ~ 'aN'
is " sne saels .alloau selleo ~ .le ea,e9c o
ssVu y iss nlaeon " u1s = oss' aolo
sesh years ago ana bringing Y aonn y sie teoel'
hislely Il eis soaeneln Asilip issti'oau
Maiien 70 VEN in.o - ue.,'ii nc e5plaueu -,
WHO'S eonlee'oh WIN 'ms " Muieh NC nau
asYoeeu nvs yets Y ~ ie' hoS -
q tae 8hole pefloa o nome WIN ms laiy' ae hau
eAplorea tna Whols route 70 1he facue' paying an
ns expenses of gteat parE o. ene tne' these were
1he services loF WHICH ths company taoughV Jun el'
1slsa Y tne tWo nanafeu Thousand snafes q s'oeh
Rhioh they mad awarded nam, a large portion Oh
Whleh ne mad been compelled 70 dispose Oh 70 ms I'M
mediate Iflenas anu FeiatVes, @ meet the e1penal-
lures lhyolYeu oy nis aoors IL oenall q ING enter,
piss aud me losses incurred py ms hegiec1 ol IN
osnet plsess' some OF TINS STOCK lle hau oonaleu
nSe Thousand enafes o. Y 70 me eahca1ohal lsttu
tlon Whlen Mr. henderson represented
u speakihg q the grandeur Oh the enterprise ne
submitted on estimate OF the Valae Oh tne trade
watch would pay tribute TO the railroad twenty
years hence which amounted - the gross 70 $50
100000 annualy-the estimated value OF the mer-
ehandse and products which would involve the trans.
poItatlon lac'litles 1t would oiief.
~ spoke q the position Ct absolute necessity to
me south which the railroad occupied 1t was neces
saE3 70 the expansion OF the South and to prevent
ane NefIa surrounding and cifcumserong 1t BY
coFaon q Fee states ts construction would ensure
ss pIosiasel5 complexion o. tae Vast region through