New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-16
THE MEMPHIS, Ell PASO AND PACIFIC
RAILROAD.

GEN. FREMONT IN PARIS-PLANs OF THE COM
PANY-PROGRESS OF THE WORK.
The Memphis, FL PasO, and Pacific Railroad
Company, Of which Gen. Fremont is vceP President has
Issued circular letter. addressed to the members Of the
Commercial Convention which assembled In Louisville
this week We gather from it the following PARTICULARS
This road Is sl3 miles long between FL Paso on the Rio
Grande and TeXarkanna the Texan boundary, Tho
Company now building the road was chartered by tho
Legislature Of Texas in 1885, The State of Texas made
the Company "a grant Of public lands amounting to
TO- 240 per me 1925 acres in all When the war
broke out over slOoo,OOO had been expended Ia
grading 65 miles of the route Nothing more was
done until 1867. when the Company was reorganized
Shortly after this, Gen. Fremont Wee President OF the
Company, and Chairman Of Its Executive Committee.
opened negotiations In France for the sale OF the Con-
panys securities and succeeded In placing upon the
Paris BOurse at satisfactory rates S0OOOOOO OF It's nrst
mortgage 20 years per cent land grant bonds payable
principal and interest in gold and secured by deeds OF
Messrs Forbes and Swenson OF New-York. upon the
Companys lands for the first 800 miles OF the road from
acres With the proceeds from the sale of the bonds the
Company is building the first $50 miles of It's road
OF Major ]. NJ. Daniel. the engineer.inchef. The
earhwork for 80 miles of this section ready for
the rails cargOes OF which are now on their way from
Antwerp to New Orleans 10 be followed by monthly ship
ments OF 800 To 1000 tuns These rails are
Co@panys Engineer resident in Paris by the iron works
OF Mauberge IN France and weigh Is pounds 10 the ea
France under Mr. LssignOs care, and are soon TO be
shipped with other rolling stock The Paterson Iron
Works. IN New-Jersey. are likewise turning OUT uhuer
the supervision OF Engineer W. r. Berghioz Locomotives
for the Company, while the Springfield Car works OF
Massachusetts are building cars DC. 1t Ia Designed TO
have first section Of the road in operation FROM Jeher
Paris by the LIST OF March next and to place the
second section under contract forthwith. Gen. Fremont
is now In Paris, and has been there since
July last the financial business OF the road lie has
met with much opposition TO his negotiations from rival
interests but he has trumphed over all the enemies 0
the enterprise. He has done what never has been done
before lie has been able TO induce the Imperial Gov
eminent admit TO the Paris BOurse an American ran
road security, where he has sold IL in open market at
the purpose the Company to build and equip TINS ROAD
from Jefferson TO FL Paso, upon its own securities ana
grant further aid the work progresses IL Is the
purpose of the Memphis. FL Paso and Pacific Railroad
Company prosecute its existing applications to Con
gress next Winter for legislation, TO enable II 10 carry
out far Congress grant authority ana anu In the
PREMISES its grand design OF completing the Southern
franscontinenta Railroad and opening up direct COM
municaton by rail across the continent between san
Diego and Norfolk, the chef objective points.