| From the The Standard {Clarksville, Tex.} |
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| April 20, 1861 |
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| The Southern Pacific Railroad |
| A meeting of the stockholders
of this company met in New Orleans, at Armory Hall, on the evening of
the 26th ult. Col. V. H. Richards addressed the meeting at great
length and urged upon the stockholder to take stock to the amount of
one dollar a share. He plainly told them that the company would be
sold out if this was not dome promptly; but promised to protect the
interests of all who would come forward and subscribe for additional
stock. He informed the company that eighteen miles were already graded
beyond Marshall, and only seven more were to be completed, to entitle
the company to a loan from the State of Texas of $50,000. |
| The Southern Pacific Railroad
is to all intents and purposes an extension of the Vicksburg,
Shreveport & Texas Railroad. A connection will be made as soon as
we reach the line, and the work will progress more rapidly. This road
is a necessity, and must be built in a few years beyond the Trinity
River. If the present company are unable to do it, let it sell out to
responsible parties who have sufficient capital to complete the work. |
| It is too often the case that
reckless speculators, who are bankrupt in purse and reputation, get
control of a company, squander the means and enrich themselves. We
believe that the Southern Pacific Railroad Company have suffered a
great loss in former years from these men of straw -- millionaires
upon paper. They are bags of wind, or to speak more respectfully,
inflated balloons, which generate their own gas, and expend it in
voluminous reports, in high sounding speeches, or in sensation
telegraphic dispatches. |
| We do not wish to reflect upon
the present President, who maintains a good reputation for ability,
energy and practical good sense. We most heartily endorse that portion
of the speech which referred to the payment of old debts, and
cheerfully give a receipt for the small amount due this office. |
| Caddo Gazette |
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