, 1862-12-20
THE WASHINGTON STATESMAN.
SATURDAY MORNING, DEG 20, 1862
Railroad to Wallula,


liminary steps towards securing the speedy
completion of this enterprise, and as we
have but few months in which to do the
work necessary for securing to our citizens
the advantages granted us by the Charter
passed at the last session of the Legisla-
ture, some steps should be taken forthwith
towards organizing the company. The Leg
islature named the following persons =
A. j. Cain, B. F. Whitman, L. A. Null
Ian, w. ]. Terry, c. H. Armstrong. ]. F.
Abbott, l. T. Reese, S. M. Baldwin, E. L.
Bonner, ]. S. Craig, VIM. A. Mix, Chas
Russell, J. A. Simms, Jesse Drumheller,
Jas. Reynolds, D. S. Baker, Geo. E. Cole,
S. D. Smith, ]. J. Goodwin, VIM Way,
Neil McGlinchey, j. G.. Sparks, W. A.
George, ]. NJ. Vansyckle, S. w. Tatem,
w. w. DeLacy, A Seitel, w. A. Ball, B.
F. Stone, j. Schwsbacker, B. P. Standefer,
Jas. McAuliff, I. Brown. w. W. Johnson,
and such other persons as may or shall be
associated soith tkem,' for the purpose of
constructing said road, as corporarors, and
fixed the first Of November, 1868, as the
limit Of time within which the line of To-
cation should be determined upon, and a
map thereof filed in the office of the Secre-
tary of the Territory. The Company are
to have five years from the first of Novem-
Der, 1868, for the completion of contin-
uous line of road from Walla Walla to
Wallula, and provision is made for acquir-
ing the right of way through any and all
land over which the road may pass. Books
of subscription are to be opened at such
places and in such manner as may be direc-
ted by the corporators and their associates.
Each stockholder is made Individually liza
bic to the creditors of the Company '' to an
amount equal the amount unpaid on the
stock held by him for all debts and liabili-
ties of the Company until the whole amount
of the capital stock so held by him shall
have been paid to the Company; and all
stockholders of the Company shall be jointly
and severally liable for all the debts due or
owing to any of its laborers and servants
for services performed for such corporation,
but shall not be liable to an action therefor
before an execution shall be returned un-
satisfied, in whole or in part, against said
corporation, and then the amount due on
such execution shall be the amount recov-
erable, with costs, against such stockhold+
ers." The Company are limited to ten
cents per mile for the transportation of pas
sengers, and forty cents per mile for the
transportation of two thousand pounds, or
one ton of merchandise. The directors
are to report and publish annually their
transactions and expenditures.
This is recital of the main points of
the Charter, and the only thing now re-
organize the company and
ne work.
necessary for the construc-
d and purchase of the rail-
fixtures will be Somewhere
six and sever hundred thousand
and although this may seem
cure, we have every reason to be-
that the amour; can be readily had, if
rtions are made towards having the
Noks opened and proper persons appointed
.nmissioners.
Capt. John Mullan has already made
some efforts for the enterprise in the East,
and writing from New York City, under
date of October 9th, says:
"Er compliance with the request made by
some parties in Walla Walla that l would inter
est myself in the subscription Of funds necessary
VI building the railroad from Walla Walla 20
Hula, take pleasure stating that on reaching
consulted several parties in Wall street and
hat we can get two hundred and fifty thou
dollars subscribed towards it, which, to-
r with the amounts we can secure in Port
at the Dalles, and at Walla Walla, will be
pie to build the road" off necessary" he
Is, the whole amount can be raised here"
AT the present rates, all the iron, including
,cnalrS, spikes ana nall3 can De UelFeTcU al
lula for 100000"
MS is encouraging, and when we reflect
a the immense amount of railroad which
been constructed in the east during the
4 ten years, and the amount of capital
in the country awaiting investment, it
ms as though this enterprise sinks into
ordinary transaction, where capital is in
sted as between individuals.
During the past season there has been
nded at Wallula weekly average of at
t one hundred and fifty tons of freight,
rom fifty, as minimum. to six hun
d passengers in the same space of time
lowing that we have no increase of trade
It that it remains for years to come as 1t
. been this year, the weekly receipts of
road will be $24OO, or the gross re-
pts of the road for year will be about
1000. The interest of ten per cent. on
1000 will be $40, 1000, which will leave
rgin of $4,000 per annum for ex-
of running the road, contingencies
ling fund Who is there in this val
1gst our settled residents that can
,rd to subscribe for from one to ten
stock at one hundred dollars per
With the great and growing gold
&C yvkieh now lie near our doors