Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-21

The following telegram was received
on Friday night. at an hour too late for
publication:
LirrLB Rock, Novemher lathe new
Board Of Directors of The Memphis and
Little Rock Railroad Company organized
Wednesday, by the election OF Capt. r. NJ.
MahRn, OF Memphis, President, and Hon.
Thomas Brown, OF Little Rock, Secretary.
The Hoard Is composed of Captain Mahan
and Judge Il. G. Brown, of Memphis /;
Hon. W. w. Wiltshire, aud Hon. jaime
NJ. Lewis, Of Little Rock; and X. G. Wal
lace, ESD, If Crittenden county, who was
elected To III the vacancy caused by the
resignation Of Col. Lsnow.
The new Board have received ftom Hon.
John Mcclure, Of the Supreme Court, an
inlunctiop against any iuterfereEcS with
them, aud writs sre now being served
upon the employees or the old Board.
Is pertinent 10 this imbrogliO over
what there is of the Little Rock Railroad,
we give the following FROM Gen john -.
Fremont, published In the Paris Temps Of
September 70:
ain order 20 reply Ia the false allega-
lions directed against the Memphis, III
PasO and Pacific Rsiiroad Company, by
parties Interested 10 ~discreditiDg il, the
sGbscriher, ~ President of the Committee
OF Management. declares:
-. That the concession Of the line has
been regularly and definitely accorded "a
the company by the following laws OF the
Texas Legislature, namely; those OF Feb
TuAry =, lNSi, February 3, lSJG, February
10. 1867, March -, lsGl, January IL, 1861,
Marin 20, lshd, November -, 1851.
49, That All privileges, franchise and
property accorded TO the company remain
in iuii force and require no new sanction,
not eveu that Of The buiteI States Con-
gres~.
=. That The mortgage forming the
guarantee Of the bonds issued is Il frat
mortgage, perfectly regular. and OF such
nature as TO legally secure the bondhOld-
err.
-. That ihe bujIdiu& OF the road 10
Ic1aS Is DeiHY carried on with all possible
activity. and that the contracts concluded
10y The Company secure the ,4)tnpietiou of
The egrthwork ny the - OF next March,
10 the extent Of 10 miles.
-. That large orders Tor rails, lOcomo-
iiye- aud material have been given la
France 20 NJ. koeehlln, OF MulhOuse, and
10 The SOcietie dc Neviu Aulnny, of Mau-
ls-age, u The amount 81 these orders
has been deposited ia hanks 0f The first
standing, and that even al this moment i
vessel il irnuud for Antwerp 20 convey
The first cargo % rails.
~. That Gen. HuG.eran and Gen. Sedge.
WICK, ,he former being the manager,
aud The latter he engineer of the Cali
fcsEia sertioB OF lbe line, are at san
Diego 20 commence the buil3ing Of that
Hest!on.
-. That iho company OWES, In addI-
ton e. the lands mOrtgaged, the follow
ing: A-iU23 acres nj the port nr Norfolk
oH the Atlantic side. R-gGJ ceres at the
port Of San Diego on The Pacific side. e.
600 900 acres In Texas, independently, we
repeat, or the lands placed under mort
gage.
IS. That the company have acquired,
by purchase or consolidation Of other
lines, and The following concessions " hich
correspond wiki tie principal line. and
Ahail hencefDrth form an integral part.
namely: A-rha conversions uf the San
Diego and Uiia line in California, 100 miles
long. B-The concession Of tho n rizona
lius, about 800 miles. C-The Memphis
"nd Little Rock line. the greater part Of
which IL Ia operation.
-. That the whole Of these properties
gives TO ths company's bondholders q
general security, forming, in sonIe part,
the complement OF The guarantees in
which they are specially Interested
A. the Memphis and Little Rock line
was not known as q part OF this grand
consolidation of Freniont's until Oct0-
Der, Il viii become n question with utter
eeIed parties how he could, on the 20;h
advertise il la Paris as part OF
San Diego scheme. There il no ar-
counting for queer moves n~ow-a-dsys.
The Little Rock Gd-euP OF recent date, F,
in an article ina reference 10 the railroad
system Of that State, says: ANY move
tnent, under whatever proisxt. which may
To the confusion or obstruction Of
The completion ofthis system, viii be re-
yarded as aniagOnist!c 10 the best inter
ests of Arkansas, by every true friend OF
the State and its people. Let alone, our
" citizens can demonstrate its feasibil-
10 capitalists, who will readily zee that
u affords an opportunity for the most al
Turing investment offered by railroads in
the rapidly developing Southwest. II Il
shall result in transferring the most desi-
rable part Of ~. Lunis or Memphis 10 the
heart of Arkansas, or in making our city
a great depot for tropical commodities,
which would otherwise Ire supplied from
New Orleans, SO much the better for ~
and the worse for them, unless they have
other substantial eompeussting advan-
True charity begins al home.