The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-17

Rset.ns Of the crporators and Formal 0rgani.
sadoa-Marshall O. Roberts subscribss
for Eleven thousand Sharea

Under the acr Of Congress organizing the Texas
Pacific Railroad the corporators met on Saturday,
April IS 1871, in pursuance Of notice given In the
newspapers Of New Orleans. Washington ana New
York. There were l23 corporators, representing
most Of the States ana Territories Of the Union.
0f this number over seventy were In at
tendance. Tho men OF the Pacific slope
and Of the South were particularly active
ana energetic, and In addition to these q large
humber OF gentlemen nor Included in the list
gathered to encourage the final organization.
Among these men we're Geueral Nye, of Nevada,
and Mr.. Pomeroy, OF Kansas Senator's In Congress-;
General Banks, OF Massachusetts,; Judge Edwards
Pierrepont, OF New York; Hon. j. S Black, ex-Attor-
neg General OF the United States General Jefferson c.
Davis, OF the United States Army; Hon. E. b. Hart
and n. G. Stebbns, OF New York, and many infiuen-
ual members OF the press.
At the hour OF twelve, the rooms being crowded.
General FREMONT the first named OF the corporaters
IN the Texas Pacific BILL assumed the chair and
. the meeting. That motion was unanimously agreed
10.
Mr.. ROBERTS accepted the honor In the following
characteristic remarks:-
GEsTlEaEs.My oolec is to build this road across the
serrrse shall have Of complaint, and
that may ma be kept This
60 results work In my pecu-
q no Sss TO e 70 and
:n Be Of nSs mat Of
great and that many win ARISE which canot be foreseen
IN emergencies shall not dsappont You 10 the result II
you confidence and the power gain the ends
The people Of Texas have conaded In me in manner which
Ss he
which could have no conro the anxiety and the burden
any enterprise need associated
r aa s % mso% e mai nS e
1hi. through with prompt would be
TS,Ss & 0a' % "0aa %
yss svsn the
fon,Toi1s Interest II Che company WIN enter upon he
. alsappons reasonable IAN but 4 .ha desired
burden which could not Otherwise sustain.
In conSlnslon beg also 70 say that am ready and PEI
sSsrss Of stock for General John G. Fremont -''
At the close OF the chairman's address, which
made 10 increase the $500 shares OF stock allotted
70 General John q. Fremont 10 5000, which was
General VI. S. RosEcRANs. OF Ohio, then rose and
moved that Samuel Sloan, OF New York. be elected
treasurer OF the company, which was carried unanl-
Colonel THOMAS A. SCOTT then moved, and the
CORPORATION unanimously ratified the proposition
Ahat Mr.. Roberts be allowed to subscribe l1.00O
shares OF the capital stock OF the company, being
controlling interest
, A committee OF five was then appointed by the
Chair, on the motion Of Mr.. James L. Hodges TO
ApportlOn the 1900 shares OF stock pro rata among
ihe corporators present and those who have sent
their proxies. This committee consisted OF Mr..
Hodges, Thomas A. Scott General w. l.. Rosecrans,
Samuel Sloan ana ]. w. Forney.
I Ihe stock above referred TO was promptly taken
by tho corporators present during the thirty min.
MES recess allowed by the Chair. On reassembling
the report OF the committee was made by Mr..
Hodges to the Chair, when the Chairman, Mr.. Rob-
orts, announced that the entire two millions having
been subscribed and the ten per cent duly paid in,
ehe stockholders would meet at the rooms on Mon
day next the 18th inst, at twelve O'Clock, 10 cleo,
the b GARD Of directors OF the Texas Pacific Rail
way.
[ SO the board OF corporators was adjourned SIN,
0ie-