The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1859-11-19

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u Il the following paragraph occsrs:
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psvsss1 condition.
\ This paragraph Is to Ms, seemingly,
y uAoncst and will appear 80 to others,
'na5oa~ our contemporary can of'er salts
lu1nrary explanation. I, would be IN
fcrrcd that he or others had frequently
made this inquiry, and bad never been
able TO obtain = proper answer. That
heretofore he had made the inquiry.
and had Icon referred TO ian article in
some print concerning its s'"n pros
pccss.- When did the Herald c'er make
such an inquiry, and was thus answer
ed. Did amy1ody or asy newspaper ever
before make such an Inquiry, Was
there sres such reply' II so, When
and where, VIII he point Ms 10 the
number or numbers Of the Herald in
which he has demanded the satisfactory
information, No such question was
ever asxcd, or thus answered.
When man undertakes to edit a
newspaper and to afford information and
instruction 10 others, he IL Justly ccnsn-
rubic II he does not usc the necessary
means 70 acquire correct information.
n he makes incorrect statements for
facts how much better IL he than the
man who docs so wilfully and with dc
sign, 50 far ~ those who are misYed
by his statements are concerned, there is
no difference whatever.
Now, the information demanded has
been given to the public again aud again,
without cquivocation' 1t has been re-
pcatcd SO often that j, seems idlc'and un-
profitable TO rcitcra,c II. There arc none
80 blind or so deaf as those whD having
eyes, sec not, and having ears, hear not"
We presume there is not well informed
man IL this section who is not perfectly
convcrsant with what progress has been
made during Dr. Fowkcs's adnnlstra-
ton" But in order to silence even a
rrctcxt for complaint, we shall once more
briefly rccapiiulatc the main facts. "iie
that hath cars to hear let him hear
When DR.. Fowlkcs was elected Prcsi-
dent OF the Southern Pacific Railroad
Company, it was involved in apparently
hopeless litigation, In addition thereto,
and as il still further TO complicate the
difficulties, suit was instituted by the
State for a forfeiture Of charter. Its
affairs had been abominably mismanagcd
Tho stock issues Of the Company were
double the cash value of the assets The
salaries Of officers, agents, and employ
ccs amounted annually to $50, 900. The
Company had been sold out, and its prop
crty and franchises were in the possess
ion Of adverse claimants.
DR.. Fowlkes, when he became Prcsi-
dent, instituted order, system, aud ac-
countabiity in every department He
took the books, papers, and records Of
the Company. which were mass Of con
fusion, employed able. systematic ac.
countants, and placed them In a proper
condition. He reduced the expenditures
from eighty to less than twelve thousand
dollars year. He reduced the stock 70
tho cash vaiss Of tho property. and took
of the future intcreat upon stock. lie
compromised al the difficulties, and OBJ
tanned a verdict from the State in favor
Of the Company, thus ending all litiga-
ton.
When he was elected President, the
Company owed debts, amounting in the
aggregate, TO over half million Of dol
lars. Under the most adverse circum-
stances, anssilesl by the press. and pur
sued by enemies who rnisrcprcsentcd bis
motives and charged him with corrtp-
ton, and with the State suit reported adj
vcrscly, he succeeded in paying in cash
or its equivalent, 100000 Of the inlcbt-
cdncss, and The remainder in good com
mcrcial paper. which the parties to whom
the money W. coming were willing to
take. and surrender the property, with
out mortgage or lien Tho surrender
cd stock pays N all tho Indebtedness.
and leaves the company with clean
sheet
The work has bcca renewed the road
to the Lake repaired, aud the mile and
o half to DO finished to bring the cars TO
Marshall, will bc ready for the iron as
soon as it can be brought mp the river.
Tho iron for the next section, We TN.
dcrstand has been purchased, and will be
shipped W. the navigation opens BE-
fore DR. kss left here. he could have
made n contract for the next section Of
twenty-five miles, with reliable planters
Of this county, whose aggregate wealth
a. lxs.. l..lr n 4