New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-21
souTFsns pAcrprC KAILRoAD.


Intelligence has been received By telegraph that
I Hon y. Edgar Thompson has accepted the Erssl
dency Of tho southern Pacific Railroad. Of course
IT MS foregone eonclpsion that he would, % the
conditions on which he had pledged himself to do
| ~ had Been fulfilled through Tile devoted and ey-
tracrdiusry exertonz Of President Jeptha Fowlkes,
who, by Hi own aet laying down the Office Of Pres
ident will st IA d earnestly interested as ever in
| thc cause IL the road. with the acceptance u
Mr. Thompson tho great enterprise is fairly put
under way Oh its upward and onward progress to
d speedy Enidon. It has sounded the lowest
depths Of an apparently hopeless adversely, from
which if has emerged to BIO placed on its present
and real basis or Immediate and active prosecution
1t " freed from OIL embarrassments, all its debts
have been settled and it has quarter of million
Of dollars as ail available fund for commencement
Of practical building operations, while pending
financial negotiations wear the most aattering
aspect.
/ The accession or Mr.. Thompson amounts, indeed,
70 guaranty Of the future prosperity Of the Com
pany, for he has 4 reputation, universally rccog.
nized in Europe and America, as arairoad manager
Of extraordinary sagacity, resources and energy,
and biz successful career as such is sufficient proof
that he i SO entitled. Therefore the act Of his
connecting himself with the road, is not only an
endorsement Of the great merits and feasibility of
scheme with which he Is willing to link himself,
but It Is at the same time an assurance that its
Affairs will be conducted in the most able and zeal
Gus manner. Mr.. Thompson has made himself emf
nent by the remarkable success with which he
managed and brought through the Georgia Central
and the Pennsylvania Central roads, two Of the
most honrishing and remunerative railroad corpo-
ratons in the country and the capitalists Of Europe
and this country have the most unbounded conf
dence In amy scheme Of investment Or negotiation
which he engages n fnanciering. When he goes
into the market with the municent available fran
chses Of the Southern Pacific Railroad to back him,
be will give such report Of his operations as will
Put MP The stock Of the Company to figures which
will furnish quotations unprecedented in railroad
history.
The accession Of Mr.. Thomps on, a gentleman of
such widely-known and universally allowed ster-
ling character and qualifications, will exercise the
happest moral as well as material effect as to the
enterprise. Il will at once secure it the moral
and material favor and cooperation Of men Of
means, influence and station all over the country,
and q thousand jealous friends will advocate its
cause, and promote the success of grand scheme
Which still had strength to live and be resuscitated
from apparent nonentity, when abandoned and de-
nounced BY all save Or. Jeptha Fowlkes and few
devoted associates, who held it by main strength
above water. Pres. Fowlkes, with his stern will,
his indomitable purpose and his undannted Spirit,
carried it through its adversity-Pres. Thompson,
with his profound experience, his practised admin
istratire ability, and his Wel1-earned credit for
sound Judgment and safe operating, will carry it
through its prosperity.