Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-01-18
The LITTLE ROCK RAILROAD
Settlement and Adjustment Of the Difficulty
between the Old and the New
Beard Of Directors.

From the Little Rock Ga5stte, Of Fri
day, we learn the following particulars of
the difficulty and suit between the Old and
the new Board Of Directors OF the Mem
pbis and Little Rock Railroad:
" The litigation now pending between
the Memphis aud Little Rock road is to
be terminated. Both darties are TO unite
in a call for q general meeting of stock
holders on the 18th of February, which
appears TO be the regular time, for the
purpose OF electing u Board OF Directors
IA conformity with the charter. This
meeting viii be held aJ Hopeheld, when
there is every reason TO believe the whole
stoch OF the road will be represented. In
the meantime the new Board wiGhdr2Ws,
leaving The possession 10 the old Board
and leaving The future direction OF the
road 10 be determined by ythestOckhOlders.
We chronicle This settlement Of the din
Guilty with great pleasure; not only be-
cause 10 CispOses of Ve&aJiOus questions,
Uu5 much more, because il leaves this
great public interest uaJrammeled by lit
tEdLlOu. We are are reliably informed
taa5 much good viii grow out Of he con-
Jruversy. Col. EppersOn, the President OF
the Memphis ami Fl PasO Road, having
alrsldy invested $3.50, 0O0 in ths stock OF
our road. came forward as mediator be-
tween the iisigants. and made such pro-
assurances OF the speedy completion ofthe
work If only Lhs litigation we're stopped,
that Mr.. Mahau and chose associated with
Him, who have all along prOiesscd to act
only ia the interest OF the road, at once
yielded their claim, and agreed 10 refer
the matter 10 the stockholders at the gem
erai meeting. L is Understood that the
AttOrney-Generai, acting in the same in
teresE, dEd upon the conviction inspired
fs.r .Iss 9
suits Of qSs0 UITTastO, and ali the litiga-
tlOu at once viii end.
The Memphis aud El PasO Company,
we are assured, are AZ once prepared 70
furnish the funds, and whatsoever force
mzy be necessary 10 carry the work to ra-
Pid completion, and rely on the bonds OF
the state now due 10 the road aud becUm-
ing due, TO reimburse them for the outlay
and il il confidently stated that twenty
miles more OF the road viii be ready for
the iron IN thirty days-and the iron 10
lay that distance Is already purchased and
paid fora portion OF which Is now al
and the rest al New Orleans,
ea route. We congratulate the public on
the auspici0us prospect, This road is the
one great need for both Memphis and Lit
tie Rock. It's completion opens up to
easy access the richest garden spO. OF
America. he eye OF immigration Is al
ready turned towards this region. Thou
s slnds OF the sons of toll, with strong
drus and stous hearts, are throngiug 10
uuF States. livery boat comes hiled with
freight and passengers. Fne road proInis-
6 10 be the best paying road la the cUun-
Try. Every energy should now b. direc-
teu TO lis completion. All stb8 aid pyssi-
Die suOu ii be extended, and If the prOml-
scs or those who $50 now backing up the
enterprise are justified by their action, as
We have every reason 20 believe they will
lie, We shall soon be within seven hours
travel OF Memphis, aud on the lac Of the
great P4Cihc rOHLe. We learn OF other
important advantages of which we will
speak tomorrow, not the least OF which
Is the s.rJaiu assurance Of tle speedy
com PIE Iou or the Mississippi Ouachlla
and Red River Railroad"