New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-25
South Pacific Railway.

The Senate bill, as passed by the House
with amendments, retains as corporators OF
the South Pacific railway: John c. Fremont,
James l.. Aeorn, G. VI. Dodge, Z. c.
French John u. Caldwell, j. }. Noah. \.
C. Osborne, Timothy Hurley, C. c. Pool,
Wentworth, Y. II. Morgan, J. d. Cameron.
Marshall O. Roberts. James l.. Hodges,
John Ray w. Verlnilye, Enoch l.. Pancher.
Charles +. Livermore. Joseph II. OgleSby,
John Whylock, David Drew, F. A. Davis,
w. Orion. A. {. Babcock, Thomas A. Scott.
Samuel ID. Hoffman. II. RamSdell. W. IL.
Jackson, X. c. Parsons. Delos w. Elnmons.
NJ. NJ Southworth. John II. Hall. G. {. Kin
sey, ". P. Clarke, James Dart, IL: Ja-
Weed. A. p H. Stafford. X. McCulloch.
Charles jackson, Elisha Dyer. Al
fred Anthony, James Hay, NJ w
Benjamin, II. ID. Cooke. Joseph X. West.
w. S. Huntington, J. NJ. Tibbetts, C. G..
Londridge, u. ID. Porter, NJ. Woodruff,
Hiram Pierce, II. c. Hunter, w. ID. Walters.
]. b. Brownlow. T. A. Morris, Owen Fuller.
J. II. Leslie, L. NJ. Bishop, Samuel Craig
head ID. n. Stanton. August Whiting. g. l..
johnson, J. w. Woodland, Powell Clayton
Samuel Tate, w. Baller, II. Robinson
George Manor, O. II Byrum. NJ, Byrnes, j.
G.. GOotlloe +. q. Bamey, Cyrus Bussey. j.
w. Tamey, j. Lockwood. +. VI. Davis. \.
Patton, w. Flanagan. G. OBrien, &. p. Buel.
G. IL. Gliding, J. j. Newell, +. w. Price. K.
M. Shoemaker, Samuel Sloan, ). w. Morton,
j. W. Bowman. j. j. Kinds, G. r. Weeks,
j. r. Seeding. Il. c. Gilbert, b. d. WI
liams, Thomas .tlcott. q. A. Fosdick, Henry
Hayes. 2. S. Forbes, John s. Sprague. L. r.
Marsh, A. W. Beckwith, j. G. Stanton.
Cyrus H. Baldwin. A. j. Hamilton, Rush K.
Sloane. Silas c. Cosgrove Samuel ID. Jones,
n. ID. Decker, William n. Leet, b. J. Allen.
j. b. Canes, Augustus kountz, John n.
Goodwin, William $. RosecranS. Michael
Hahn. III. c. War,notll. J. 5. Williams. G..
NJ. Spencer, L. j. Highly, W. &. kimball,
and all such persons as shall or may be
associated with them or their SUCCESSORS
1t requires the cOrporators to meet in New
York within ninety days from the enact
ment of the bill, open subscription books.
and organize the company when $4,000
600 stock is subscribed. and $50, 600 is paid
in. The capital of the company is limited
to fifty millions. unless Congress au-
thorizes an increase, and the pur-
chase and consolidation OF any existing
railroad companies ON the route, with
all their franchises and land grants is au-
thorized, though forbidden with any COM
petng line to the Pacific; AID the right to
purchase or accept State or individual
grants of land for the legitimate purposes
of the company is conceded. The right of
way four hundred 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
granted to the company with the provision
that the land not sold within three years
from the time OF the completion OF the en-
tire road shall be subject to settlement and
presumption at not over s. so per acre. Con
structlon bonds secured by mortgage on the
road rolling stock and franchises. and
land bonds secured bytnOrtga on the land
grants are authorized. :
The construction of the road is to bc be-
gun at both ends. Land patents are to he
issued OH the completion of every twenty
miles, and the entire road is to be finished
in ten years. Only iron or steel rails manll-
featured from American mills and American
ore. except that already purchased, is to he
used. The government is to have the use
of the road ON the same terms as private i'll
diyiduals, and to have precedence in its
service; and the Congress has the right to
fix the passenger and freight tariffs; though
they shall not exceed those o. the Central
and Tn:on Pacific railroads. Full liberty is
given other companies to connect and inter
sect with the .Southern Pacific, and the lat
ter is forbidden to discriminate in favor OF
Or against any such companies. The dl-
reetors of the company are forbidden all share
Or interest il contracts for the construction,
equipment. or running OF the road: and any |
such existing contracts are annuIked.