New-York tribune., 1873-03-15


execution of 1t the work OF these agents ihe
letters prove that they resented any interference WIN
these plans. and required TO be ieft unno,o'o'
In their development. AS WIS informed tne 'io'n
phis Ii Paso, and Pacific Company was the hfa' h'uu
can company admitted 10 the French marAo"
groundwork In the plan OF the agents ana tho ,
ment presented the French Governments ior '"o ."
nisson Of tbese bonds to tho French market "oro n
stimulation on the part OF the Company 10 purchase %
rails and engines required In the oohsruO' 80.
operatiop OF the road from French MANUFACTURED, ~
opening new field 20 French industry 10 'io oou
Western limited states The Memphs-E Paso was NOV
national road and was not. therefore, bonnd 10 uSo
American iron This gave 1t an advantage ever "saer
American roads which had their agents III ans ""u
eured for 1t that favor of the Imperial uoVernen'
which Is now made by the cablegrams one OF 'he aocu
sations against IT, a..
ha for the admission requested addressed to tho
aoenfs OF the French Minister'S and such as needed the
official signatures Of the Company were sent here TO Do
signed The private letters accompanying these-whch
are now In the hands OF my counsel In Parisrequire
that these letters shall be signed without the alteration
of word and that no shall be lost in asking useless
explanations" They complain OF the inactivity and
delay of the Company, and threaten actions for heavy
damages il their plans should misoarry through these
delays" IN connection with these facts that de-
sire distinctly to that whatever may have been te
misrepresentation and mistakes committed in this mat
misrepresentation and mistakes were not in
any way suggested by me, or known to
me, until after they were made They lie
between the Paris agents and the French house or
Paradis & Co., who bought the Companys bonds ana
placed them upon the Paris Exchange. Atthe time they
were so placed the MemphsRl Paso was Texas State
read and such publicly applying to Congress to
be made national road with right OF to the Pa
c6c The attaching of the word ranscontnenta to the
style and title of the Company In Paris Is among the
charges Of Misrepresentation contained In the proceed
ngs before Court This not the act Of the Com
pany It was placed upon its stock or bonds. nor
upon It's official paper. envelopes, or signs in NewYork
These all bore the style and title OF Memphis, FL Paso
and Pacific Railroad Company" Transcontinentai was
the title adopted for Its whole projected line to the IA
cc, and placed upon It's BILLS which were before Con-
gress applying for the national charter and te but
used where else 1t Of the agents. and
scarcely could be called under the plans which had been
set before the public, misrepresentation 1t seems
rather to have been an explanation.
In regard 70 the money obtained upon the bonds much
the larger part remained in France and all the material
which had furnished In the execution Of the con-
tracts there paid for from it. For that portion
which passed through my control. and which was
used for and in Its interest accounts have
rendered the receiver appointed by the courts OF
the United States and France For all that belonged to
the plan OF building UP this Southern Transcontnental
line, bringing it contamination In tho
passage OF the Texas-Pacfc Railroad charter In
the Senate period covering from ct to 10,
L willing to accept my full share OF the
responsibility The accusations under trial In Paris.
charge Memphis FL Paso line is all chmerical,
speculative, and fraudulent scheme" au Immense in
ternatonal fraud There newspaper reader in the
United States who does that the line which
the MemphisE Psso road projected the best In the
country the result OF examinations from the isth to
the SOD parallel latitude which had been made for the
Government the Secretary OF War reported this line to
Congress all respects the best for railroad to the
Pacific andit will hereafter prove to be the really practi
cal and true commercial route The Memphis FL Paso and
Pacific endowed with the right TO acres of lands
by Texas, had applied TO Congress for q national
charter with every TO expect the success which
IL afterward completely realized. Its plans had been
communicated to Its agents and laid before the public
here and abroad In carrying out these plans and at
the very time these attacks made upon 1t, 1t had
acquired the stock control of the Memphis and Little
Railroad nearly completed road the franchises
Arizona Company and the franchises of the San
Diego and ella Company with the right to 1900 acres or
land in the port OF San Diego. This left only break OF
$50 miles the Mississippi and San Diego 1t was
at work on the western end at San Diego. and OF
the material contracted for In France. some 1000
tons rails and 10 engines had already arrived at New
Orleans, and on the road tracklaying had already
begun. The State OF Texas had passed the
transoontnenal charter, afterward adding large land
grant and the road applying to Congress for the
national charter consolidate its plans. when it met its
first serious opposition in the reproduction III the Senate
of these attacks from French So that 1t Is abso
lutey untrue say that the projected Southern Pacific
Railroad as based upon the Memphis E Paso specu
lative and uusubstaDtial
1t occupied best line for trade between the oceans
having for its ports the whole board from NewOr
leans north and in the most favorable conditions
and promised 10 be splendid success, advantageous
to the United States in the extension of Its COM
merce, and TO France IN opening the Southwest
and West to French industry. The securities is
sued in France those OF the Memphis FL
Paso proper, and they showed what they upon
their face. And these affected by the plans
Of the road, only Its extension and Importance
we're likely to increase the value of Its securities
This work mad all been in progress openly before the
public for several years. aud carried In the
confident belief of its entire And no misrepre
sentatons OF Its character made this side In
my communications to the French Minister of Foreign
Affairs as all Others its character and resources
distinctly set out as they In all the printed
pamphlets containing its charter and franchises aud the
laws Of Texas reports in regard to 1t which
sent abroad. There room for mistakes except
through an ignorance the French public nconceivable
on this side Of the water All that then stated is
true and all that claimed for the road s fast being
realized.
Owing TO the clamors from these French the
road had pass from my hands but Mr. Alon has the
written statement from my counsel here that the pro-
lection Of the bondhoders my constant care. As
already stated 1t has been always intended TO absorb
the Memphis Ell Paso the Southern Pacific Road
under construction. In this way the bonds would be
fully provided for Having in these attacks been made
the mpersonaton Of mistakes and that were not
mne and my proofs to the contrary shut Oh, am COM
PEELED to speak In personal way. Following these
transactions and drawing Its support out Of them there
has been directed against silent but active and
hgnant hostility which forced to relinauish into