Show in i 1 i THE THE T R A N S 0 N T I 1 EN N p TAL TAI nail KAII WAY th the e following account of the organization orthe of auth e 4 arrans c continent al I 1 railway company has been forwarded by a gentleman in new york pre president young and by thel thet courtesy of the latter we are enabled to lay it before our readers this line la Is said to be miles shorter than any yet projected proa acted from ocean to ocean T the h corp orators elected by the legislature of the state of texas to organize the southern transcontinental trans continental rail rali railway way company in accordance with the provisions of the charter granted to them met recently ai at the st nicholas hotel and effected a final organization of that great incorporation the delay preceding this thia important action resulted from the anxiety of persons to become interested in the movement according to the provisions of the act of the texas lecial legislature 1000 had to be subscribed before the election of directors but when the books were opened so much more than the ibe required amount was entered that it ibb became necessary to reduce the sum set opposite to each name the vast interests involved in this stupendous enterprise had early attracted the attention of statesmen and capitalists its importance as the most direct and aud nearest route to the pacific and its intimate connection with the substantial reconstruction st of the southern country aroused alike the men of money and ana the men of intellect the original projectors of the road were present in force strengthened by the president of the old el pasco corporation po ration general john C fremont and supported by such well known capit capitalists alista as marshall 0 roberts mr wm R travers john jacob astor and henry G stebbins of new york J don cameron of pennsylvania and R AL bishop of ohio the meeting at the st nicholas hotel was very large and the proceedings harmonious and interesting general fremont took the chair as first of the incorporator incorporators 4 under the texas bill col S W morton of kentucky reported reported from a committee previously appointed that the first million of stock had bad been duly subscribed and then the board af of adjourned bine sine dia di the stock holders etien proceeded to ballot for directors of the company when the following gentlemen were chosen by a full fuli and unanimous vote marshall 0 roberts N Y john C fremont N Y E B hart N Y H W V gray N Y edward weston N Y W t k stewart t N Y ames van wart W it r t N Y J W forney pa J B bowman ky george gaorge hauey tenn 0 F holly new now mexico R al bishop ohio J W throckmorton tex 13 F Grat graf gradja tun tua texas G H R Gidd tugs lugs texas texus 11 G stebbins ibs lbs N Y VV R Trav orm orb N Y john J A ator 4 sor tor N Y 1 edwarda edwards Pierrepon tN Y N P liams maa J J don pa Z F smith ky W ri g erred ala afa M U 0 01 hunter lud ludw dW Iu ky W al harrion harion bits bats alxa wo W bclark TC T oark dark lark larh texas as J M X tebbetts Teb betta A ark E W ripe iwa iq aa after the an election the hone B hard Harb inose irose and aud nominated general john 0 fremont ivl evl ar k 48 per m a n e ac r of the company which motion was bythe by the hon johh john W forries For of f pen h van it s who said I 1 rise to support the motion mogon of my esti esteemed emed friend col hart not simply to express in my yown own f feelings but those of my associates alike the nien men appointed by the legislature of texas and those just chosen by a unanimous vote of the director directors general Fremon fremont fc hasteen has been identified with this great enterprise for a number of years his name and his services have bavec cheered heere d its friends s ilithe in the darkest hours and have C its enemies his gentle and conciliatory character has harmonized conflicting interests and has gone to all sections as the symbol of peaceful and substantial reconstruction looking forward to this great measure areas as the crowning eventov event of his eventful life he has ha s labored for its success with an asli assiduity dulty in signal ac accordance cordan ce with his own remarkable hi history s tor through the of the lasu last two months he has maintained the e faa equanimity of his nature and has finally in fly ily brought order orden out oui of the cha chaos 1 0 s of contending interests the very delay inthe in the organization has had contributed to its ninal final completeness men meli from different sections of this great greaf country have darlng daring nearly two month months of deliberation and discussion been brought to know each esch other better and also 0 o appreciate preci ate the incalculable importance of an undertaking which will not only bring the north and south together into relations ionis of affection but will vitalize and develop theo the great resources of every portion of our redeemed rep republic he h ad tb th e h on or arnost cord tally to second the nomination of his friend colonel hart gen fre pre with much feeling and said that taken wholly by surprise he could not thank his friend cot col co forries For Fori iby diey for foi the manner he had bad alluded to him he had supported au p ported this thib great enterprise with all his heart beart and he was proud to see today that the foundations of its assured i success were at last substantially bially laid its advantages were so numerous and manifest that while increasing its friends with every hour it had also conquered its enemies in his own efforts he had been supported by the confidence of many of the ablest intellects north and south it would be to him a labor laboi of love to continue to work for this continental highway but while thanking his friends for the compliment i they thoy had paid to him bim in asking hin him i to preside over the lier iler permanent manen t organization of this company he be felt it not on only lyas as a duty but as a pleasure to ask them to confer the position of permanent president of the southern transcontinental railway company upon his friend marshall 0 roberts he possessed the confidence of the whole country especially of I 1 the financial world and judging by his hia wonderful success in the past he fell felt that under his bis auspices this thib grea great t e ento t prise is destined to a wonderful si bucce 3 c c e 11 in the future gen fremont the then n P pm the question upon the no nomination nominate minati bin oin of marshall 0 roberts as president of ther 0 h new company and he was amidst great applause mr roberts took the chair and pleda ed himself to stand by the enterprise to the last ast one of the dreams of ts life had been to bring the north and south tog together ether in iff friendship and in peace and hebell he believed eved that the tranh transcontinental conti railroad jaroad was one of the surest means to that great end the directors after the unanimous election of mr Robi roberts arts then chose with equal unanimity y col coi henry G Q Stein sas as vice president ert wm win R travers s esq as treasurer john D Da defrees frees as secretary anar andr ana and JR N corwine as attorney |