The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1859-04-08
THE ecyrHK1u PACIFIC kAIt1oAD otS1icuL
ry1o COMPROmJSED-A UNION OF ALL Pan
rin yoR VIGOROUS PRosrCu1IoN o. rnI
kNIIHYRlDE

~
ENTEKyRl1E.
IN, Stockholders Of the Son,herr Pa
ci6c Railroad Company, and the public
in Texas and throughout the Union, who
have regarded with favor the conStruc-
ton of railroad to the Pacific upon
the 32d parallel Of latitude, viii hail
with qualification the announcement
which We make with pleasure this week,
that the difficulties between the rival
companies claiming the franchise and
property Of the above mentioned com
panv. have been amicaby aud satisiac
,oriy adjusted We are not prepared
Ia give the details Of this adjustment
II is sufficient to 10 say, tina, it provides,
on the one hand, for the payment of the
liabilities Of the Company IN such man
uer a. viii enable the old stockholders
TO redeem their property without hazard !,
aud on the other, it furnishes the very
best assurance 10 the creditors, that their
claims will be speedily paid. BY it liti-
CATION il ended, controversy is at an
end. all the judgments rendered against
the company are to I've paid III. and the
public have every assurance that the
work will be pushed forw AID with vigor
When the terms IF the compromise are
complied with. by the payment Of the
liabilities. the old company takes pos
session Of the road, and ia the mean
time the President DR.. "owlkcsj has
the privilege 10 place aids upon the
work and 10 usc the finished road, at the
expense Of the old company.
Nv this COMPROMISE. it is the interest
Of both parties 10 terminate the Difficult.
ties. and to prosecute the enterprise,
And one Of the stipula,inns is that they
shall act in harmony and ia furthcrancc
Of these objects. This feature ia the
rnmrrouise is one calenlatcd itself 10
restore confidence. We are satisfied
that it has been entered into with perfect
rood faith. and will bc carried out in
the same spirit. This feature in the
COMPROMISE. as well as the compromise
itself was brought about mainly through
the instrumentality of Messrs. Scott aud
Hall. two of the largest creditors in.
yolvcd. vino looking TO the great private
and puhlic interests involved approached
the work Of compromise and coneilia.
,ion. in sincere. frank. and liberal
sairit We think the country will com.
mend them fer the course they have
pursued: for in the prosecution Of a
great work like this. it would hc most
unfortunate that the enterprise should
encounter the opposition Of body Of
intelligent. influential and wealthy men
in Texas.
an parties in Texas acting in harmony
and with sincere desire to see the work
progress rapidly. the public have an as
surancc tina, the road will be built The
darkest time is said To bc inst before day
This company laluring under cmharrass-
ments and difficulties seemingly msur-
* at last emerging from
them 1t il IN such a condition, that to
regain public confidence. it must make
such notifications in it's management
aud affairs. as will challenge public ap-
probation and this accomplished. the
stock in th, road will be more valuable
than any other unfinished road IN the
Union
The old stockholders ought and no
doubt will, appreciate the efforts Of Dr.
Fowlkcs ia his efforts to effect this adj
iusimcnt For ten months he has labor
cd with uaiagging industry and zeal, to
the entire neglect Of his own business
and at great personal expense, in vindi-
cation III their common rights and inter
'sts. And the public viii give HIM Gre
lit for his Efforts, when they reflect that
L would have been impossible to have
constructed this immense work, with the .
hostility of three Thousand intelligent