| From the Daily Picayune (New Orleans, La.) |
| |
| September 18, 1861 |
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| Sale of the Southern Pacific Railroad |
| The Marshall (Texas) Republican, of the
14th, says: |
| On the first Tuesday of this month, the
franchise and property of the Southern Pacific Railroad Company was sold
under execution by the Sheriff of this county, and Mr. H. S. Faulkerson,
of New Orleans, became the purchaser, and the following persons elected
directors: |
| A. Pope, J. Murrah, G. G. Gregg, J. S.
Holman, Benjamin Long, J. M. Waskom, George B. Adkins, and R. W.
Loughery. The number of directors can be increased to nineteen. By-laws
have been adopted, and the company thoroughly organized. Col. J. S.
Holman was elected president, A. Pope vice President, A. T. Smith
secretary, G. G. Gregg treasurer, and C. E. Hynson general
superintendent. H. S. Fulkerson has been employed to act as the agent of
the company in New Orleans. Provision will be made for just debts and
genuine stock of the sold out company owned by citizens of the
Confederate States. The policy of the company will be published in due
season, and we have no doubt it will be generally approved by all those
ho desire nothing more than even handed justice. |
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