The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-03-04
Southern Pacific Railroad BILL.

w WASHINGTON, req. ~ = hS N'SiAts.>
bill, as passed the House to-day, with
amendments, retains as corpor;tors OF
the South Pacific Railway, John c. Ere
mont, James l.. Alcorn, G. NJ. Dodge,
O. C. French, John u. Caldwell, j. j.
Noah, A. c. Osborne, Timothy Hurley,
c. c. Pool, Cyrus n. Martin, John M.
Corsc, George II. Wentworth, =. IL.
Morgan, J. ID. Cameron, Marshall ..
Roberts, James l.. Hodges, ) Ohm Ray,
w. Nermiilie, Enoch l.. Fancher, Ch;'s.
+. Livcrmore, Joseph II. Oglesby, Jno.
WhylocS, David Drew, r, y. Davis,
w. orion, a. c. BancoclS. Thomas a.
Scott, Samuel ID. Hoffman, 1t. RAMS
dell. w. II. Jackson, r. c. Parsons, De
los W. Emmons, NJ. NJ. SouthwoTth,
John IL. Hall, G. c. kinscy, w. +.
Clarke, James Dart, II. Jacobs, Il. =.
Smith, w. z. Dale, c. a. Weed, "A. +.
H. Stafford, Il. McCuliock, Cllas. jack
son, Elisha Dyer, Alfred Anthony, Jas:
Hay, NJ. w. Benjamin, II. u. Cooke,
Joseph r.. West, w. S. Huntington, ).
NJ. Tibbetts;, c. c. Londridge, ID. -.
Porter, NJ. Woodruff, Hiram Pierce,
Nj. G. Hunter, w. d. Walters, ): Is.
Brownlow-, 7. a. Morris, Owen Fuller,
J. II. Leslie, r. M. Bishop, Samuel
Craighcad, ID. n. Stanton, August WI hi
ting, George l.. Johnson, J. w. Wood
land, Powell Clayton, Samuel Tate, w.
Iallcr, IL. Robinson, George Manor,
O. II. Byrum, NJ. Byrnes7 J. c. Good
loe, Z. G. Banlcy, Cyrus Hussey, J. w.
Tamcy, J. Lockwood, T.. NJ. Davis, N.
Patton, w. Flanagan, G. C'Brien, G. L:
Buel, G. Fl. Gliding, J. J. Newell, E.
w. Price, r. NJ. Shoemaker, Samuel
Sloan, S. w. Morton, s. w. Bowman,
J. J. Kinds, G.. r. Weeks, J. 7. Seed
ling, b. G. Gilbert, Is. d. Williams,
Thomas Alcott, George a. Fosdick,
Henry Hayes, p. S. Forbes, John s.
Spraguc, l.. r.. Marsh, a. w. Beck
with, J. G. Stanton, II. Baldwin, a. j i.
Hamilton, Rush II. Sloane, Silas {. Cos
grove, Samuel ID. Jones, N. D. Decker,
VIM. N. Lect, B. J. Allen, J. Is. Canes,
Augustus KorntZ, John N. Goodwin,
VIM. S. Rosecrans, Michael Hahn, II.
Spencer, l.. J. Highly, w. c. kimba1l,
and all such persons as shall or may be
associated with them and their success
sors. 1t requires the corporators to meet
| in New York within ninety days from
the enactment of the bill, open subscrip-
ton books, and organize the company
when $2,OOO,0OO stock is subscribed, and
| $40, 900 is paid in. The capital of the
company is limited to fifty millions,
| unless the Congress authorizes an IN
crease, and the purchase and consollda-
ton of any existing railroad companies
on the route, with all their franchises
and land grants is authorized, though
forbidden with any competing line to
the Pacific and the right to purchase
State or individual grants Of land for
the legitimate purposes Ofthc company
is conceded. The right OF way 400 feet
wide through the public lands; fifty
acres Of land wherever necessary for
station purposes, together with twenty
alternate sections per mile of the public
lands through the Territories, and ten
sections per mile in California, is grant
cd to the company with the provision
that the land not sold within three years
from the time Of the completion of the
entire road shall be subject to settlement
and presumption at not over 81 so per
acre. Construction bonds secured by
mortgage on the road, 81 rolling stock
and franchises, and land bonds secured
| by mortgage and the land grants are
authorized. The construction of tho
road is to be begun atboth ends. Land
patents are to be issued on the compile
ton Of every twenty miles, and the en-
tire road is to be finished i'll ten years.
| Only iron or steel rails. manufactured
from American mills and American
ore, except that already purchased, eN-
cept that already purchased, is to be
used. The Government is to have the
use Of the road on the Same terms rs
private individuals, and to have precc-
dence in it's service and Congress has
the right to fix the passenger and freight
tariffs, though they shall not exceed
those OF tho Central and Union Pacific
Railroads. Full liberty is given other
companies to connect and intcrscct with
the Southern Pacific, and the latter is
forbidden to discriminate in favor OF OF
against any such companies The di-
rectors of the company arc forbidden
all share or interest in contracts for tho
construction, equipment or running OF
the road; and any such existing CON
| tracts arc annullCd.