Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1859-01-30
MUSTANG, in.
SOUTHERN PaCTFTC RAILROAD.

Rumors having reached this city from New
Orleans that the old Company have failed q
make the payment on the 18th Of January, a,
Marshall, Texas, as agreed on, with the new
Company, and the following er parfe statement
Of the New Orleans Defa-a journal which has
been habitually sstirieal, if not unjust, to the
old Company-being al that we can gather
from our New Orleans files on the subject, w
give it, 10 crafty the curiosity Of the public,
reserying the privilege and intention to publish
the statemsn.s and accounts Of the odd Com
pany, as soon as they shall reach us
Saturday before last, 18th January, was the
day appointed for the payment Of one-third Of
the 1927 ,OoO-the amount required 70 release
the deed Of trus, and to r~einstate the old Con-
PAW in its rights.
The Committee Of Award accordingly met
at Marshall on the day designated, and in a
spirit Of great hberality and generosity pro
tracted their session until y o'clock al might Of
the 18th.
The agents Of the old Company were politely
requested 70 fork over. With a confident an,
and the flourish Of an sgent Of the R~othschilds,
the representatives. Of the Company spread on
the table the sum Of so, 900 in money and
bank certificates. Il was an counted out. So
well, so good.
Now for the balance. "WeIl, here are some
ninety odd thousand dollars in good notes
prOmissory notes, signed BY individuals. Does
anybody know the makers 2o inquired the
Chairman ofthe Committee Of Award. Several
gentlemen responded, " Yes, we know them as
insolvent." +" Insolvent ~ exclaimed every
member Of the committee. The notes Of in
solvents are not money. We must have some
thing more tangible and current"
The awarders must indeed have been as much
surprised as Major Rector, the great Indian
Commissioner was, when, having sold a large
amount q goods 70 certain Indians, under eN-
p~ectaton Of being paid ont Of certain treaty
appropriations, and the treaty not being made,
was told BY the Secretary Of War 70 take the
notes Of he Iddisns for the money due
4" Ingiu notes be ID replied the empbat-
ic but not over courtly Rackensacker. " fnIins
all named Tubby and Chufy, with no property
but bTeeeh-cloths and old blankets: lust as
leave have a note on a red-headed w~oodpecker
in Illinois p
The Fowlkesite asked for DELAY. The in
trepid Wigfall, the Marshal New Of the holders
under the deed-of-trust sale, called for the exc
cution nf the deed, and proposed to cut the
rope, and let the old company swing.
The awarders were more merciful. They
would wait a little. Or. FOwlkes had not
arrived; accident may have detained him. Let
lue ndlLct 90 over Ii Monday. Accordingly
The Doctor reached Marshall on Sunday. and
appeared before the Committee. There was
some loud talk in the session. The doctor
was sensitive and demonstrative, and demand
ed 10 know whether his integrity and honor
were questioned? The awsnders diselaimed
any further impuiauon than might be conveyed
In a very urgent request to paw over the money
required 10 ransom the old company.
Finally The conference broke IN in a row.
The Commttee Of award declared that the
payment had not been made, and then ad-
journed sine die. The new Company imme-
da'ely entered upon possession Of all the
nights and franchises Of the corporation and
proceeded TO advertise an bona fde stoekhold-
ers that they would come in on the same terms
with themselves. The Bogi, however. are ig-
nored, snnihIated, and now only live in the
past.
Gue elImmerius Boz the dream o. mines that were %
The representatives Of the old COMPANY,
who had been in session from the 18Th. pur-
suant TO adjournment IN this city, made the
lite town Of Marshall hot with their wrath
and hideOus with their howlingsl
10 to-morr0w's morning edition Of the Ddlta
We nav Be able TO give further information in
TO the new phase Of this great but very
contentious rornorafion-