| From the Southern Confederacy (Atlanta,
Ga.) |
| |
| February 2, 1862 |
| |
| To the Stockholders of the Southern Pacific
Railroad in Texas |
| New Orleans, Oct. 1, 1861 |
| |
| Dear Sir, |
| The Southern Pacific Railroad
of Texas, of which you were a Stockholder, was sold on the 31 day of
September last, under judgment obtained against the Company for debts
contracted in the prosecution of the work. While your rights and the
rights of all Stockholders in the Company are extinguished by the
sale, the new Company, formed under the purchase, recognizing the
fact that your money contributed to the creation of the valuable
property now in their possession, and having no desire to make a
private speculation of the enterprise, are desirous that you should
become connected with them in the future prosecution of the work. |
| To this end, they propose that
you shall subscribe for 20 per cent more stock in the new Company than
you held in the old Company -- your old stock being taken at par, in
payment of your subscription, as far as it goes. It is precisely
upon these terms that the Stock of those whose money contributed to
the purchase, is admitted to the books of the new Company. You
will please signify to the Agent of the Company, Mr. H. S. Fulkerson
at 84 Common street, within twenty days after receipt hereof, your
acceptance of the proposition, if accepted. He is authorized to
arrange with you. |
| The policy of never admitting
to the books of the new Company, upon any terms, Northern Stock or
bogus Stock, is fixed and unalterable. All other recognized Stock may
be admitted upon the terms proposed. |
| If the old friends of the
enterprise decline sustaining it, new ones must be sought, and
the books must be closed against those who decline this offer. Its
managers are determined to push it forward. With a property valued at
over one million dollars, working under a Charter which confers
valuable privileges an d grants over ten thousand acres land
per mile; and with but a trifling amount of Stock against it, there
will be but little difficulty in procuring new friends for it. The
enterprise has heretofore shown itself to be indestructible, as
its frequent emergings from past difficulties clearly establishes. |
| In the purchase of the Road,
and in the organization of the new Company, there was no collusion --
no bribe or bonus, and no plan subserving the interest of any
individual; the leading object of the parties acting being the
preservation of the enterprise, and the freeing of it from every
obstacle to its success. |
| For its honest and faithful
management you are with confidence referred to the annexed list of
Directors. |
| Very Respectfully, |
| J. S. Holman, Pres. |
| P. Murrah |
Directors |
| G. B. Adkins |
| R. W. Loughery |
| A. Pope |
| Benjamin Long |
| J. M. Waskom |
| G. G. Gregg |
|
| * Stockholders who desire to
avail themselves of the benefit of the above proposition, can do so by
depositing the money at the Bank of Fulton, in this city. |
|