New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-21
South ern Pacific Railroad.
tFrom the ST. Louis News, May 14.l

lFrom the ST. Louis News May 14.l
| BY an advertisement which appears in the News
today, it appears that DR.. j. FowLkEs after almost
incredible struggles and difficulties has succeeded in
getting this mammoth enterprise freed from the EN-
barrassments in which bad faith and the panic of 1857
involved it. No project that had not transcendent
merit could have outlived the bad odor which the
political blaherskites that formerly had possession oil
the Southern Pacific Railroad cast around it. But
the work OF publication is accomplished. The New
Company that sought by fraudulent deed of trust
to seize the franchises of the stockholders have sur
rendered their pretensions The State suit against
the road has been defeated Harmony is restored to
all the interests involved; and great energy and
talent enlisted to push the grand work through to the
Pacific.
Our position in regard to this Southern Pacific
Railroad has always been frankly expressed. We
wish it speedy success. 1t is the policy of ST. Louis
and Missouri to malign and oppose no project of
other sections of the Union to build railroad to the
Pacific, or to the moon, if they choose to try it. But
this Southern Pacific Railroad is substantial, lea-
sble, honest enterprise 1t is the most richly endowed
project that was ever launched upon the world The
State of Texas has given it grant of about eight
millions acres of land, and loan of $4,000 per
mile to aid in its construction. This donation OF
land is not confined to the vicinity of the track of the
road, but may be taken anywhere from the vast and
rich domain of Texas vacant lands so that not an
acre of bad land need go in the grant.
This Texas Pacific Railroad will now he built, and
rapidly, too. And why should it not Do not
the Southern States need railroad to California and
the Pacific, much as Missouri, Ohio, and the cen
tral belt of States? Should Mississippi Georgia. Lou
isana or Texas emigrants be required to come North
1900 miles, to Missouri to take railroad car to &C
| 1000 miles West to California?
The experience of the past ten years has proved
that the South build railroads more cheapy thar
the North or West. They have no winter SHOWS tc
contend WITH and they their roads with less fuel
less and tear of machinery and less cost every
way, and get larger fares than in the North and West
Southern railroads great They are for.
tunate, paying investments.
The troubles of the Southern Pacific Railroad have
resulted in purging it Of every useless weak stock
holder. Only those who have contributed or do con-
tribute now, in settlement of the compromises that
have been made, will hold any interest in the road
The stock list is to be reduced to the actual value
the assets of the road (about 81 25O000) and from
this point the Company will move onward in theil
construction, with all the lands and franchises
granted them by Texas for resources. 1t is nam
moth fortune, as the end will show. And as Missouri
will have access by the Iron Mountain Road and the
South West Branch of the Pacific Road, into this
Texas Road and by it reach the rich States of North
Mexico and the finest pastoral lands in the world
in Northern and Western Texas, we unhesitatingly
pronounce this Southern Pacific Railroad projec
of great merit and promise to the future glory ant
greatness of ST. Louis, as any that was ever commen
ded to popular regard. The silver mines of Northern
Mexico are of vastly more Importance to st. Loui
than the gold mines Of California. We can supply
the machinery, the men and the capital to work til,
former Give to St. Louis railroad access to Westerr
Texas and Northern Mexico, and it adds new prov
inces Of enormous and incalcuable richness to hel
trade, by the side of which Utah, New Mexico and
the Plains" will not deserve to be mentioned.
Col. CuAs. M'LAREN will act in st. Louis as agent
for the Southern Pacific Railroad; and the stock
holders in Missouri and those citizens who wish to be
come such can consult him freely. He is gentle
man of wealth aud honor, devoted friend of st
Louis and Missouri, where he lives, and large stock
holder himself in the Southern Pacific Rulroaa
which promises so much in the way of charging thu
future trade and commercial influence and power 0
| st. Louis.