Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-27
FREMONT e. GO.
The Memphis, El PasO and Pacific
SaiIF0ad Company.
The Corporation to Which Memphis
has Soid Her Stock.
II is Sewing It's Stock Broadcast
Over the Country.

From the Louisville COurior-JouTnai.
The special correspondent Of the
/ C0UrisF-I0ugUQi, at Washington, gives
US some hints Is to the management
Of this enterprise which are decidedly
| interesting to parties who are ac-
GUainted with statements heretofore
/ made bC them, and with the actual
! status OF that concern. This special
! correspondent is, or al least he says he
is, q Director in the scheme. Certainly
he takes a great Interest in 1t II the
! piles Of stock he is represented to have
I N it are not exaggerated. 1t Is, we
Z thinil, well to examine into the status
II the imL..ea5e corporation since II Is
- before the Congress Of the United
nOn u Endorsement and assistance.
States -srv was incorporated prior
The conf y lfe Legislature 20 the
TO the war 40, NiBD liberal donations
State OF Texas, wed assistance from
Of land ana a mon. u. 'oeated through
the State, and its line -. its charter
a rich section Of count, - and ra-
subiect to certain limitatiol- L. Il
strictions. Prior TO the y, - -
nresanted lis claim for ten -"
lions OF land to the mile, Le
presenting it had graded, ready iQr
the superstructure, sixty miles Ol IOs'o'
Bv the assistance Of the then 0oNeLI
nor these lands would have pa55eU
into the possession OF the company,
had it not been for the Commissioners
of the Land Office, who refused 10
issue the patents therefor, on Lhe
ground that none OF the grazing hdu
been completed. An examination re-
vealed the TACT that the sO-calieu
grading consisted of some haiI dozen
burrows run by piOws for the distance
claimed. The road remained III TINS
condition till the end OF the war, the
officers of the road maintaining tnat
their charter aud franchises were IN
tact and fully secured; but during tne
session OF the State Convention Ihey
had a resolution introduced providing
/ thatthe years OF the war should not
be counted against the company as al
I fectiDg its charter. This was referred
! to the Committee of Internal I'm
proyement. This committee laid the
! matter before the Attorney General OF
the State, who horeporUed that the Mem
pbis. FL PasO and Pacific Railroad
Company had forfeited Its charter. ana
/ had no legal status whatever IN tue
State OF Texas; WhereupOD the Con-
yeution declared against giving the
| relief asked, and threw open the re-
/ served lands Of the company to IOca-
/ ton and sale.
This. then, IS the condition Of the
company which went to France, and,
according to the statements OF its dl-
rectors. no two Of which were alike,
raised in cash and had to their credit
in bank, from three to thirteen mil
lions of dollars in gOld-a road with
out a charter or legal status, without
q mile built or car running, and un-
der the management of Gen. Ere
mont. Fremont did 90 70 France
and, while there, made representa-
ton which, if true, would have enti-
tied him TO credit; but, unfortunately,
Minister Washburne exposed the
fraud and pricked the bubble.
Gen. Fremont publicly advertised,
and l have now before me the "MOH-
de IUuStTe," of the 18th of May, 1863,
in which it is asserted that the bonds
of the Memphis, FL PasO and Pacific
Railroad Company were endorsed by
the Government of the United States.
The matter was referred by Minister
| Washburne to our Government, and
| the answer given that the Govern.
ment had no "knowledge Of any such
corporation"
This was a clear case of an at
tempt 20 obtain money under false
pl Ard vet to-day this company is is.
its stock all through the United
sulns Chick Geaves in Vallambro
s and without any value bayd wha}9ye5 sbew5
In the State Of Texas as IS ma hays stste siloS ba.
the Attorney : sHeral and d eeriaes cert @ tha i,
a sse yef e4p@Gff my aef has mas passed Congress Civ
II # even a 'iocai habitadon ana
name" dona II
Whatever work has been aong y. u
Texas has been done under ahOtu0
charter and a different name:
! / publicly assert here that theL
! stock has no value-that the whoii
: matter is a fraud, and that the whole