Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1870-02-12
memphis, EI Paso and Pacific

,,- OFFICE, No. 92 BRoApwAr, |
.s. t5 NEW York, January Z, 1870. !
To the Editor Of the N. Y. World.
SIR An editorial inthe Evening
Post of the 5th instant, attacking
this company, obliges no to ask
space in your columns for a reply
Tie accusations it makes were all
put forward vehemcntly throughout
the past year, in Paris. They were
met there legally and officially, by
suits against their authors. The re.
suit of strict investigation there, by
parties Interested in knowing the
exact truth, is the best answer to
put now before our public here
These parties are our bond holders
contractors, and the government
which authorized the admission Of
our bonds to the French exchange
| and the CIRCULATION of our securities
among the French people.
Tho Post is right in its statement
| that no American company haf
hitherto been admitted to quotation
on the French Bourse. 1t is not
right in it's statement of the means
used to obtain this admission. Nor
was it q sudden movement, origin
ated last spring Persistent, steady
thorough work, through resident
agents, had been in progress for
moro than two years, during which
every possible information had been
laid before the government and
parties Interested. aNtirfqsy3 I
Its charter and franchises, and
laws enacted in regard to them,
everything relating to the country
through which the road lies, and
| the comm ercia results which would
| follow on it's building, were made
fully known to the persons with
whom they arc negotiating. The
permission to admit our securities
was finally, obtained upon the un-
Outstanding and agreement, that
this admission should accrue TO the
| advantage of French industry by
applying the greater part Of the
money obtained from French peo-
pie to the purchase Of iron and en-
gines for the. building and opera
tion Of the road. ~ Z = sEi1
This opening out Of new channels
to French trade was thought ,wor-
thy of the fostering care of the gov.
ernment. This was tho reason, and
it was upon this understanding, that
our land grant bonds-which show
what they are upon their face
were admitted TO quotation and sale
And contracts were accordingly
made for AZ, 900 tons Of iron and Q
corresponding number ofehgines.
Our bondholders, who were nee
cssarily alarmed by those attacks
had the fullest means of informa
tion given them. Their confidence
is shown by their continuing te
hold their bonds, and draw the in
tsrest which they received in July
last and now in January.
Nv dates from Paris are to ths
23d Of December. Up to that time
no suit whatever had been institu
4 ted against tho company, except
one by person claiming damages
| for refusing 10 let him have bonds
10 sell, under an alleged contrac'
which Che company repudiates Q >
Our bonds were never Withdrawn
nor was there thought Of doing
80. On the contrary, an addItiona
sale for o,0oo, 900 francs has JUS
been made. and other negotistioni
are in progress-vith parties having
full knovIedge Of the condition o
the company and all the assanltl
upon it.
The last Official act Of the Frsncl
Governnsnt. which vss The admit
ting 10 payment Of the taxes on th'
bonds. and the accepting e the ss
curitv Of Males Frsre< for their en-
timed p.yrssnt. vas not rnsds IN
al August last. Tbs recognition
is tbs dirscf nct Of The cgFsr1meni
trd vss dcne ttrourf n tssn'