Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-02-02

Rumors have reached this city from New Or
leans that the old Compsny have fsilsd to make the
payment on the 18Th Of January. al Marshal Tex
as. as sgreed on, with the new Company. The
FLOWING article from the New Orleans Delta Of
the 24h uit, is the only confirmation we have seen
of the ranor. The Desta il should be borne in
mind. is opposed to the old company. ard its ac~
count should, perhaps, be received with seine all
loWauce
We lesra by gentleman Who arrived to-day
from Marshall Texas, that the agents Of the old
Company Of the Siushern Pacific Railroad. who
proceeded TO Marshall TO make the payment re
qaired by the award did no, TO use fstc phrase,
..eOme 10 line, failed 10 make the payment, anu
consequently the purchasers under the Deed Of
Trust have become vested with all the rights fran
enises, &c, Of the Company. This Is certainly q
IA st lame and important conclusion of 81 the loud
talking. sngry dispula'ion aud big promises with
which our city rang. aud the very atmosphere vi
brated during the Chr stmas holidays
DR.. Fowlkes, We lament to cay. has not come up
to the high mark Of financial ability and resources,
which his enthusiastic admirers assigned to him Ii
was whispered all over iowa that the Doctor had,
some years ag', displayed his skill. tact and man
agement, by OuyiDg up bank in Tsnresses with
the most inhnitesmzlly small amount of cash. and
it was inferred that, In similar manner he would
ransom the unfortunate Pacific Railroad Company
flom the Texan Phistines. Alas how sadiy is
this op blasted
saturday before last, the 18th Jauuary, was the
dss appointed for The payment Of one-thIrd OF ihe
1927 900, the amoaut required to release the deed
of trust and 20 Ienstate ihe cid Company in its
rights
TIE Committee of Award accordingly met at
Marshall on the day designated, aud ia a spirit Of
great 5erality and generosity protracted their SEES
sion until II c'clock night oa the 10th.
Toe agents of The Ola Company we're politely
requested to fork over. With a confident air, aud
the flourish Of agent Of the Rotnschilds the
representatives Of the mpaBy spread on he table
tie sum OF S22, 600 in monsS and bsnk certificates.
Ii was all counted out. So sel SO good
Now for the balance. well, here are some nine
~ OGd thousand dollars in go notes. prom ssory
notes. signed BY individuals - ''D es any body know
tee OF Award Several gentlemen responded, Yes,
we know them to be insolvsni." ''Insolvent!' ex
claimed every member of the commiitee ''the notes
OF insOlyents are not money We must have some
thing more tangible and current"
The sWarders must indeed have been - much sur
pr sed as Major Rector, The great Indian COmmis-
sioner,> was when, having sold 8 large amouUt Of
goods to certain indians, under expectation of be-
ing paid ont of certain treaty appropriations, and
the treaty not being 1de, tUd by the Secretary
Of War to take the notes Of the Indians for the
money due.
'tiagin notes be ID " replied the emphatic
but not over .courtlS Raekens4cker. ''lngins all
named Tubhy and Chubby. with no property but
breech cloths aud blankets; just as leave have mole
Oh 3 red headed Wood>pseksr in illinois,
The Fowlkesites GsSed for delay. The intrepid
Wigtall the Marshal Ney Of ths holders under the
Deed-Of Trust sDle. called for the execution Of the
Deed and proposed to cut the rope and let the old
company swing
The awardeIs were more merciful. They ~ould
wait Ii tie. DR. Foalkes had not arrived, ei emit
may have detained him. Let the matter go veg i'll
Monday. Accordingly the Doctor reached Ne aall
on Sunday, and appeared before the Committee
There was some loud talk in tie session. The Doe
tor sensitive and demonstratiye, and demanded
to know whether his integrity and honor ques-
toned? The awsTders diselaimed any further i'm
putation than might be conveyed in very urgent
request to pay over the money required to ransom
the cid company
Finally the conference broke up in row. The
Committee Of Awari declared that the payment had
not been made and thea adjourned sine die The
new company Immediately entered upon possession
Of all the rights and franchises of the corporation
and then proceeded to advertise all bona de stock
holders that they could come 10 on the same terms
with themselves. The Bogi however are ignored,
annihilated, and now only live in the past.
Gone gimmering in the dream Of things that were.''
The Representatives Of the old company, who had
been in session from the 18th, pHrsuan; adjOnrn-
ment in this city, mads the little town of Marshall
hot with their wrath and hideous with their howl
ings
In tomorrow mornings eli ion of the Delta We
may be able give further Information regard TO
the new phase of this great but very contedtiOus
corporation.