The weekly Arizona miner., 1873-03-01
Railroad Talk.

The following, from late San Diego Union may be interesting to our home readers:
 NEW YORK, Jan. 3l, 1873.
 The ruling sensation of the hour Oh the
 street Is the Atlantic and Pacific Railroad.
 It was recently announced that Mr. Alden E.
 Stockwell, President of the Pacific Mail Steamship Company, having encountered to | hts hearts full content the "peris of the deep," had resolved to plant his feet on dry land--or, in other words, that dissatisfied with his company and the series of disasters that have attended it since he became Presi- dent, he had determined to give his attention to railruading. and had accepted the Presi- deRcy of the Atlantic and Pacific Railroad Company. The name of this corporation would imply that the road touches either the Atlantic or Pacific Oceans at one or the oth- CT of it's main termini, or both. But 1t may surprise those adopting that idea to learn that the road begins at St Louis, Missouri, and traverses that State in south westerly direction until it reaches Venita. Those who admit that they do not know the precise lo- cation of Vcnita, show that they are ignorant of that portion of the public domain which belongs alike to all citizens of the Republic, or rather will belong to them when the Ind ian title shall have been extinguishcd, for Venita is in the territory of the red men, a few miles west of Missouri; and whenever the Indians title shall be taken from them ("extinguished is the usual law term for the proceeding), or when ." To! the poor h. dian y shall be civilized or driven, nobody knows where, white men will gather about the vicinity and yenita will become a promi- neDt railroad center.
 The preferred stock of this company was put upon the market on Saturday last, and at once took it's place among the old fayortes. On the first day l 100 shares were sold at the morning cali at 2J(gz5i, and some coco shares in the afternoon at 32i(d33k On Monday more than 1000 shares were sold at prices ranging from A to 359. Since the beginning of the movement the sales have averaged nearly 20,0O0 shares per day at an average price of 37
 This may be first class investment; but it is matter of some surprise how so many persons became so suddenly aware of it's ex- trsordinary merits. 1t must have been done, as the Tribune suggests, by electricity, for by no other means, with the present state of travel, could so much valuable informat ton be conveyed over so large a space of ground in sO short space of time. It is a marvel to many of the most experienced share manipu- | lators that the original proprietors of this l stock should permit so good thing to be | taken bodily, as 1t were, away from them, and on so short a notice, for with the loss of shares goes, of course, the control of the road, | together with all and singular its valuable farming lands and rich mineral deposits. its | franchises, etc; but they are expected to | find consolation in the fact that, after this | batch of preferred shares is taken up, there | will remain to the bereayed projectors tue | round sum of s5,OO00O0 common stock. which | it is shrewdly suspected is almost as good as the preferred, to say nothing of the many miles of road yet to be built to complete the line, and the concurrent right to issue more shares of both sorts as the road progresses. provided the public insist in having them.