Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1866-05-12
a.. t.fsfsfHa
Circular.


PAats, TEXAS, April 10th, 1860
Editor Paris Pressi DeH Sr,-l
take this method of communicating
through your columns, WIN w.
S,ockholders Of the III PASO MD
PkCIFIC RAIL ROAD COMrh'
NY. have Just returned from the
city of New Orleans, IN company
with Mai. J. II, Pratt, formerly the
energetic and gcntlcmanly contract
or for grading ,hcroad above named
The Major Is still enthusiastically
enlisted in the cause OF the road /;
AID, at his request, / publish the
following facts;
He had gone to New Orleans, where
he spent several weeks, for the pur'
pose OF ascertaining if capitalists
could not be induced to take charge
ofthe enterprise and construct the
road. In New Orleans hc met and
conferred with J. G. Mcdowell, agent
for the Pennsylvania Central Rail
Road Company, of which Edgar
Thompson is President, This COM
pany have tho ability to controle
ten millions of dollars, and propose
that il the stock heretofore sub
scribed and held by the people of
Northern Texas, in the Memphis,
Fl Paso and Pacific Rail Road com
pany, shall be surrendered to the
Pennsylvania Central company, to-
gether with the privilege Of con-
structing tho Road under tho char.
ter guaranteed to them, thoy will
take charge of the road, assume
payment of all tho liabilatics Of the
Memphis 4 I'll Paso company, COM
mence the work within ninety days
from the date of the surrender of
the stock, and complete tho same
from tho city of Jefferson to Paris,
Texas, within eighteen months from
the time of commencement, and fur
pish the road in running order; and
to the ncighborhood Of Kentucky
Town, in Grayson, county, in II
months thereafter, and to the valley
of the Brazos River, as soon as
practicable; that the Board of Di-
rectors may be selected in Texas,
or majority of them, as tho char
tor requires.
Mr.. Mcdowell exhibited his au-
tbority to Major Pratt; showing
that he had full and ample power
from the Pennsylvania Central COM
pany, to propose and make con-
tracts; he also telcgraphed to the
President of the Pennsylvania Cen
trai company, submitting to him
che above proposition, which met
his appreciation, and he received
additional instructions to perfect
the proposed contract with the
Memphis and Fl Paso company.
Neither Major Pratt nor myself
being authorized to act for the COM
psny, but believing that it is deci-
dedly. to the interest Of the Stock
holders, and to this section of coun-
try, to accept the proposition, he
prevailed upon Mr.. Mcdowell to
keep the proposition open for sixty
DAYS until the Stockholders could
be conferred with.
The stock is worthless without
the road is built, and an attempt to
construct the road by the present
Stockholders will result in failure,
owing to the present impoverished
condition of the country. LIST, by
reason of inability of the Stock.
holders to pay the calls due on their
Stock. Secondly, the available
Stock Of the company is not suffici-
ent to complete the grading of the
road, werc it all paid in.
BY transferring the Stock, in ac-
cordance with the above PROPOSE
tion, the road will certainly be built,
and at an earlier period than the
most sanguine could have anticipa-
tod. And those Stockholders who
have paid their calls would be fully
reimbursed, even ten fold for the
outlay of their money, by the in
creased value of their lands, and
the markets which would thus be
opened for the products of their
farms.
/ zee in your paper, that regular
biennial meeting of the Stockholders
is called to take place on the 14th
of May, at Paris. 1t is earnestly
hoped that all the Stockholders will |
be present or represented by proxy,
and that they will give their proxies !
fun authority to act on the subject /
of the above propositions.
Very resDectfully. &c.