The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-29

ptruction Of the plank road. They have never laid
plank upon route snd nv0bobly never intsndod an
lbh In their oharter under tue Louisiana law (2i ara
cle hey say ponir about the plank road and srpQ
pose ef cons truoaipg carriage road - SO
10, however, alleged By the company that they havs
consruciec carrlsse fnos plank road scross the
mus and 1.-THE through transit was erected on an AR
februAy, (Ast,) beips one day within the .s No.
ssr,osd by the original grant" Even ID a we're sun
cert which clearly 10 not according 70 ~ 49, =,
the president ard directors o. the rshns ncsnsnv
dated at New Orleans on the ssn Msv npeo my az
pecsed by them that the Carriage re 80 sxsL ;
able for traffic and travel before " ~, ns.an.r
But alleged that the Aexic an sovsrnnsnt have as
the original contract and AVE v. Ss - - .,.c,o
OF the plank road have seen. no suessn syidence of
have been done wilton, he coesens ~ n oosa my
the United HAes Under the sth a,t,cIs m tns ra.sv
with Aeco Of the 3sh December 1858 the United sstss
e0ly construction or plank and railroad scross the
stAmus Of Tehusntepec' and without our oonsspt he
forfeiture Of the contract could egit ate havo heeE
waived ~" 'S'1
The United States have deep interest In the early oor
stIucton Of this railroad, ana IL matters ivsly
psbsd. II The existing comosn, we're Abe ana Ss,Ins
to perform the task SHOULD cheerfuly al pss
derelc,ons VI duty their part age then 10
proceed regret 70 say hc ~ev,f hat IL gould sAem
almost Impossible that the rar ,aa can 90 by
Under the charter the CAPITAL stock Ia dxed NJ x,A ooo
eco and s divided into 100 600 snsres OF 500 each:
cbarter 1ahal be held and retained nv A a. SIN and
sss,rnees apd be Considered full, pad a. comoepss
tlxnfO he half emit Al
10 sven to Mr. slso As bonus Tor oo,npg the conrscs
arc entirely sunk As fund FOR the az hs
road In regard to the rtmanips So shares, without
descending TO parncuar IL 10 quite evident from . view
o. the charter that but small portion OF these can be
rendered available for this purpose. In fact, s not
known or believed that single vas ever ca
ed in or paid upon the stock Ga The contrsr
there good believe that Mesers Sloo Corn
ss,iys5 rom the S,ass b.t h. loans from Enrons
Cd ON the railroad Even II tas I'd been possible AZ the
cate Of the charter hes Impossible BY mo
high rats of interest IN London and Paris.
mus you will perceive that the con ,caons are end
less and the right of Of contendng parties il
81 hshwpy has been hitherto prevented ID but just 70
hot the prorpect for the Of he rosd hss
now become brighter becaute Mr. FAconnet the reh T.
.n,spec Company and the owSers Of the daray grant
have united their interests and seek 10 OBTAIN ro
the nsxican such notifications in The sloo
grsnt.s vim secure the construction Of road these
sd 70 sooompn se oS;sc. AAu '0''p'''' "A % On
Ioussns' and Emile Ia Sers Fac 81 New osssns Pra
,,osnt OF thc Tebnsntsncc Oama.nv Iii nrocssd "a
~ trs, ~ ~. n ns sn Ill VI - "a ~
liver 70 Won canes Of he s.rmsoi hss ian the
i've parties above mentioned ,he Decd Of trust, in pur
The Inv OF Iousiana
The capital Of the new company IL TO DO Sloooo ooot
divieed INTO shares OF sloo each Eight millions Of this
two roopS IN full psS I' esroaes or .ock
etsnt no r cant honda apa IA he A..
tyered 10 the psrties emitted AZ full oons,derstor IT,
the transfer TO the new copsny Of the srav rant ana
Of all the rights of the present Tehusntepec Gompsn~
All their ses property the work oour IN short evsry
.npg belonging 10 them or either Of toeu on tha Ish
NM, or ess xbeye Are N hs sornenesrsS - ~ .s1
company SO that shs come into existence resscd snS
oschareed from all liabilities whssever eroeot ~ claim
Of Mr. soo himself Who is unoerssood 10 nov eosased
in Awsut with the sxlstipg company and VINO dcn,ss
That the president and directors OF this fsriv
represent the sIoo grant ISL"
No profits are 70 be divided sr,ng from the transuor
taton Of passengers, mercnApdse and other arucnp a
across the Isthmus until Alter the oooeton 81 IT, rsr
ROAD but these are 70 be faithfully applied toSards t
construction
The COMPANY are pot 70 divide n snv rsv,ca NJ ~
existence more u a. a The rs,s Of ,sen pss "s.s -
apnum upou ie cap,ta stock ana vhenever ~ r.ns.
exceed ths rste he tolls m. q, he ,ea.csd =, ~.
ard Tho new company are OF course IL oe ushs IN ~
copty>cts already entered into nv ,hs o,d ~
mail cosches. b.sesse vsssns And or SsstnsS s uSs
BRIDGES compjetpS ne vasen rad bn,ia,oc nss-s "a
80 ,;v.- 80 90 ~ 49, - ~ s'oe ~ .ne Oosaascoa
scv.oced by him 70 he Ms9o.n goSsrar ot @
Indsms,fv sen ont ~ the ~ 49, W. WI
the net pronu of the company ~ orav,sss ~, NJ ~