The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1859-03-11

b some point ON the tnii.
Take then, these general oens'dcra-
tons. and the prejudice and animosIty
( excited against this cn'erprizc arising
4 from the manner in which it has been
mi.managcd, and where il the vote to
come from in the Legislature 10 give Ms
a new charter, with anything like favor
able provisions, in case the prcscn, one
j.. forfeited ?
The second and third assumptions
scarcely require discussion Every sen
siblc man mns' perceive that If THIS con.
test continues. the cuterprize Is lost, as
fully and ofcciually rs If it had been
declared forfeited By 'sw We think il
NEE unsafe Is conclude that within the
next twelve months the public mind 81
tie country which has been wavcfing
between the varions rival routes. north
and south, viii determine in favor If
some cine If them to the exclusion, for
the time being, of all others And while
this company is IN lis present condition,
il cannot bee regarded "a a competitor
for public favor IN fact, such is the
derp-soitlcd prejudice against the lead
ing mcn,hr,a cf both the rlval claimants.
augmented hy the strife that has cusucd.
that i is not at all unlikely hat public
opinion may brave the Consequences and
insist upon the forfeiture of the charter.
Bni mion aud coop ration are ue'
ouly essential Ia resist the state suit,
hu, lur 'hc prosecution # the cutcrpr y.
rh. viii be- 3hc moro apparent when We
consider thai if this road is to lie built
with profit 10 the Stockholders, il must
We constructed rapidly Delay ucccssa.
rily adds tu the cost Of the work, ia the
first place. aud Ia the -ecuud place, the
company ia delayed in getting the lands
and IN realizing high price fr illem
We assiirc that snllic,eu; number Of
the people oi ~ dur State. nor Of any
two. three. ur four states can be- induced
to take hold II this work So rs to finish
il w.ain period which viii render il
an cntcrrrza If profit Ia the stockholm
crs Il must b. the work 81 cuicrpri.
lrng men scattered over the whole coun-
try II this assumption be- correct. and
we think the proposition viii receive the
assent Of every intelligent rGrc'ing
man, % prcsents very powerful consider
.dion. farunon and harmony One 1T tho
elements of strength Of the southern Pa
rifc Raj rad Co.. arises from the fact
that IL. Stockholders are scattered from
Maine to California ltis represented IN
almost every state uf the Onion And
WI venture 10 assert that no railroad
company IN the United States embraces
go large a body Of ,aicntcl and iuiincn-
,ial men Now when it is borne ia mind
that the Stockholders Ct all incnrpnra-
nuns, Hfi hNhil'N Hl'h wv W ''''f w
other element ii strength is manifested
which is worthy Of consideration. Can
company throw aside the influence oi
such body of men, and IN the fare Of
their hostility construct mammoth ra'l-
( road such a. the one in contemplation !
/ Or, II ly possibility it could bc done, IL
I it acting wisely to pursue such su'c'
dal paicy The stwkiuhl,l. Of the
Southern Pacific Railroad Company are
estimated a, three thousand embracing.
members Of Congress, distinguished
+ lawyers. editors. planters, merchants and
capitalists. # the company were once
placed in proper condition, the iniu-
cncc which they would exert could be-
made exceedingly effective
When wc look at tie question in this
manner. /, seems iucuuprclicnsihlc to IA
thai ana Intelligent bod, of men having
T large pecuniary interests involved ~
the success # this enterprise, should
continue il in litigation. WHEN the result,
can he no other than "a total sacrifice 81
all they have involved IN H. and Of all
the benefits that are tu arise from the
construction Of the road Al that Is
necessary e. the successful prosecution
Of the work. aud IS raise any amnnn, 81
money that may be demanded la mrct
thc obligations of the company ia for
the p,rtic- to bury past a"imuSitlrs and
dissertations, and tu agree
list To reduce the stock down to- 'hc
cash value uf TIE property
2ni t. SURROUND the Company with
such safeguards as viii prevent future
mismanagcmcnt
3rl 70 place it under the control 1t
a new set of men, of such firmly cstab-
lshed character as to fidelity aud ability
as viii inspire confidence.
The contention in relation to the road
has drawn public attention to the mu-
niiiccr, grants Of it, charter, ani! al.
thpngl, mvch uf it's stock has been is-
sued for trisial considerations, il las
I.,,,.,, alta ria. .,unt,anN NJ, ,sn.,stt 1,