The New York herald., 1870-05-12
The Memphis, El Paso and
Pacific Railroad.
General FrenOnt's Bond
\ Operations.

/ WASHINGTON, May 10. 1870.
Congress has made ample provisions for the con-
sruct0n of three Independent lines Of railroad scross
1 the Continent each having branches with the exist
ing system. One OF these lines, the Central between
| Omaha and San Francisco. 1t Is well known, Is
nnlshed. The northern line. between Lake Superior
| and Puget Sound, has been commenced. The
| southern route, connecting with all the southern
| roads, and running through to the Paclnc near the
thirty fourth parallel Is, am informed III rapid
course of construction; and now we hnd Mr.. 'ohn
c. Fremont that magnificent builder Of paper rail-
roads, In She lobby Of Congress with scheme Tor
borrowing money ostensbly for the construction OF
fourth line through To the Pacific running very near
| the northern boundary Of Mexico, and bcnehtng
| the people of that country mainly.
THE MEMPHIS, Ell PAS0 AND PACIFfS RAILROAD
COMPANY.
The Memphis ri Paso and raclac RaiSroad Com
pany was incorporated by the Texas Legislature on
February A. 1865, for the purpose Of constructing
and working o railroad from the eastern to the
western boundary Of that STATE to connect witlr
roads TO be built either side subsidy Of every
alternate section Of public land, in strip sixteen
miles wide and as long the r0Hd. was granted TO-
aid It's construction. supplemental act was passed
the same day. amending the 1eurtcenth section 50 as
to provihe:-
If ss company shall ROT commercs the
1885, and have completely graded and ready for the iron Is
IN ss q ;. from m
aha, M pG n % s gws citizen
mentioned The OF this shall
he q Ss ss M
% s s ssa
ward said fail to put stather sscsion Of ten
shan BE- win o6sr road.
oeiso lands from the Stats
+ CHARTER NuyL AND WOODLANDS FoRRETrED
l It does not appear that the company though 1t
had 1--WE years time previous to the rebeflton has
complied with ahyOf the conditions OF its charter.
The Confederate State Legislature passed an act that
might be construed to relieve the company from Its
Obligations without creiting any privileges; but the
best lawyers in Congress who have given the matter
| the closest attentions among them H3l.J. M How
aru chairman OF the Senate Pacific Railroad Com
mttee maintain that the charter is mali and void,
and that the company mas forfeited al right 70 tne
reason to doubt 1.-THE lands revert to the state Of
Texas
Some time after the close OF the rebellion General
| Fremont, In casting abous for lobby schemes g0t
session Or became president o. the COMPANY tnat
pears hage from the firss recognized its worth
Iessness fcw we find him attempting to revive 1t BY
| an act Of Congress. most innocent joint res0lu.
Pasc and Pacific Railroads Company from El
through nSS trs . House. USE The nrst Ave lines Of
tue Joint resolution recosnize and declare
thirty-dve ilne grants it The right OF way from III
PasO to the Pacific Ocean, It!passed the House oni
in the senate The previous question Is not opera.
tive in tnat body, and the cat In the meal was ut
SHARP STOCK opERs sEroNs.
About the time that the joint resolution passed the
House the bonds Of the Memphis, El Paso and Pacific
| Railroad Company were put upon the market In
France and copies OF the resolution were forwarded
to show foroign friends the national" character
| endorsement Of the United States. 1t appears, by
an official report before the Senate, tnat sale
Of these bonds to the amount OF es4Ooooo has been
General Fremnnt's friends claim that the false
Of that gentleman, but Of the broKer to WHOM ne
sold the bonds sell again. ThoIepOrt OF the sab
Consisting Of Senators Howard, stewart and Rice
throws a great deal of light upon the matter.
quote the examination OF Messls. Hunter and Cor
| wine, engineer and attorney for Fremonts roads,
The CHAIRMAs-L aware that General Fremont denies
s Ss a SS
pany did not put the market the
their % as IL s
gets. the company did not authorize him to make
Mr Corwine the attorney. is still more explicit in
his denial that General Fremont or any Of the com
| pany's agents made any false representations. He
| stated that
Thoy haansyex said to the world ha. they had Subsidies
ss
psS on as M rhe opo Saa 90 y
The CHAIRMAN think you are mistaken aboat that.
TSis he ns To ese BE ssT %
the whole line clear through.
The tnArnmAN-I will not interrupt you further just now
Ans shs vii M s s
agency connection with this company down to this time
Fremont said anything whereby he has induced
purchase these bonds to invest their money in III
that what he said and he expected to carry
The caAIRMAs-I wish 10 call your attention to two
Mr CoawISEwill you let me look At before you
The cAAInxAs1,,In is 10 French:
Ill Mr.. .CoawINE-Then cannot read T. m, .
~ fsad Pa1 is Sv Genera freont n
letter signed by him. he says the end Of the
face Of the passionate attacks and Iansuysss a. @ 20
% svs e shs
s TsHs # M
e a @ e. is
s This pamphlet issued at Paris BY General Fremo
bss
ss. .:: Si 4: Il Sa
B & % H. s n
e a.ss sns 'ISn I'D san s
~ States have Of possessing Southern Pacific Railroad
The Memphis and Ell Paso Company bought the 2Sd
December, 1851 1023 44 hectares situated in
1880 meters the bank which presents consider
daurht Of water and accessible to the largest ships
y ho cumpanv urging Congress to obtain the nations
xation of th network The OF this naona
s ton will be subsidy OF lands in the States which
70 Of IN tho the public donna
Oh the recognition OF the road as postal and militia
route"
Again
s'fhe law of naturalization by the federal Congress
the House of Representatives the Ed OF Marc
m, | 1859 by 10s votes against a."
M Thoie only passages to which wish to call
he tenon.
ed To say that General Fremont's attorney was du
AZ, | founded al this stage OF the proceedings would