New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-20

state that about 800 600 has been disposed Of by
him, and at the Company's office, when left Mar
shall, on the 5th inst The remainder will be sold
outside Of TEXAS. In the exercise of just discre
ton, have thought it best to apportion this stock
to certain States, where the bulk of stockhold
ers reside, and give them the preference of pur-
chase, for THIRTY days from this day. Al that is
not purchased by them IN that time ecM be sold to
otlae, capitalists. / will now proceed to apportion
the stock, and appoint agents in the several States
to sell:
Louisiana $loo0gH S Fulkerson, agent New Orleans No
Ten.sssss, slo99o-J B. Kirkland Memphis N H0bsOn,
Ksntasky so SoaSM H. sarshsrds agents, Louisville
I tSs' s Ill., r af% eGih
S sss sa ses'nE Fa sss' sss" war,n,on
ANi ss.a sscSo i bs Ma Ms Holly Springs
These agents will Immediately open books for
subscriptions and report in thirty days to me the
amount sold by them.
1t is believed that great boon is conferred upon
our stockholders in giving them the preference of
purchasing for thirty days They have submitted
which, to some extent, the stock is now worth tiue
dollars per share in property at fair rdluation,
instead of nothing but by fixing value upon our
franchises, the stock would be worth much more
than ten dollars per share! If the stockholders
take the stock to be sold this great enterprise
with its immense advantages, will belong alone to
them; II they do not take it, we shall take in new
partners to share the profits and advantages with
us, in the sale OF the stock to Others.
Government Contract.
1t is generally believed that the Government will
adopt measures at the approaching Congress af-
fording adequate assistance to build railroad to
the Pacific ocean! Our company will propose
terms for Government service, and we can afford
to extend our road to the Pacific for a price that
will pay us largely but which would not enable a
Pacific road to be commenced scarcely upon any
other route. We may safely calculate on Govern
ment aid to extend our road beyond Texas to the
Pacific in some shape other at the nert session
| Of Congress. Such aid will Immediately carry our
| stock to high rates-in the opinion of many, who
| calculate closely, to fifty dollars per share.
The legislation of Texas will-with the policy of
the company, the resumption of work on the road,
and with Thompson President-be of the most ia
vorable character. Her public spirit, her pride
and her true interests guarantees, with the
enlightened statesmen who now rule and direct the
| departments of her Government, of all needed aid
in furtherance of this noble work through her ter
ritory.
Unien with Memphis and Ell Pnso Company.
| The terms OF union are generally understood,
| and have no doubt that it will be consummated
in very short time, under the efforts of Messrs.
Tate and Jones, who have freely canvassed with
the President, directors and stockholders of that
company. Interest and duty, public and private,
compel this union of these roads through Texas.
They imperiously demand this union and they must
and ,cM be obeyedi
| Progress of other Roads.
| From St. Louis, Cairo Memphis, Napoleon,
Gaines Landing, vicksburg and New Orleans, rail-
roads are progressing towards our road and each
of these companies must feel the liveliest and the
deepest interest in our success, for we mutually
| benefit each other. They give to- and receive from
us, each its portion of travel and freight and bust
ness. They are really portions of our enterprise
and our progress and success ensure their respect
iue progress and SUGGEST The laws of interest are
fSed-as absolute and certain as those of science
| of gravitation.
| The sold-Out Old Company.
/ Under the laws of Texas, when railroad com.
pany is sold under execution, its then President
and Directors are constituted its trustees, and au
thorized to pay its debts out of the assets that re-
main in their hands. aM.0. .m...
| The debts of the "sold-out company have
either been paid in cash and paper BY me, or the
means e., good paper-are in my hands to pay
them! The liabilities of the old sold-out com.
pany, no matter 1chdt the character of Them are
not binding on the company organized under Gen
Richardson's purchase.
But every claim which has beenso far presented
founded at all in reason justice, have salts
factorily arranged with holders some few have
4 been set up, but only fe,D which are wholly I'M
supported by Justice, reason or the law, which we
have declined to pay or to recognizable ,chole o.
echtch are less than $4,000 IN amount.
Caution to the Public.
"Cut-off " stock certificates. As all the stock OF
the sold-out company which has not complied with
the conditions required by the stockholders meet
ing, are not 1Otc admitted to the books of the COM
pany organized the Sd of October, inst, but is
CUT OFF" and WORTHLESS, l hold it proper to
caution The public not to bug IT, nor deal in then, Il,
/ any trdy! Be careful to DEAL ONLY in the stOch
issued since the 18th day Of April 1859 and writer
on the face of the certificate the words, REDUCED
| STOCK" over the signature of the Secretary. Nc
other certificate of the sold-out company has beer
| adopted. The form of the certificate is the SAINT
as that of the sold-out company, with the addition
of the word Reduced and the signature under
it of the Secretary.
l have sold over 100000 Of stock upon th
policy-adopted by stockholders themselves.
dare not violate this agreement by releasing de
faulting stockholders. To do would be an act o
bad faith, if not of fraud, purchasers of stock
Relief it extended at all, must be granted by thu
stockholders in general assembly.
have in some instances extended relief-1 may
possibly, find cases in which may still extend it
but in all such cases, if complained of by majority
of stockholders, who made the loan paid their in
stallments, or made of me purchases of stock,
intend to surrender an equal number of shares o
my own stock to the company..by which | per
sonally bear the consequences of my own act.
my duty. / hope alrdys to act from duty an
honor Having freed the company-I can proudl
retire, surrenderng its affairs into aJler and bette
hands, with full forgiveness of all who have op
posed my efforts from error of Judgment, an
those eben who yllificd slandered my motives
forgive them freely, and recommend them to tn
forgiveness Of Heaven. 'To err is human, to fol
give divine"
JEPTHA FOWLKES, President.
. A FJGUT AND HIGH FALL.-The Grand RaUd