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The Daily Dispatch: April 4, 1861., [Electronic resource], The Southern Pacific Railroad. (search)
ed to this company thirty-six millions of dollars and the right of way through the Territories, with a grant of land amounting in the aggregate to about fifteen millions of acres. 2. A contract had been made with a wealthy French company, Messrs. E. de Bellot, Des Minieres Bro &Co., which secured the rapid construction of the road to the Pacific ocean. These French capitalists, under this contract, agreed to furnish $1,200,000 to pay for the fifty miles of road now being built by DeGraff &Co., leaving a surplus to meet contingencies. When, however, the political affairs of the nation first assumed their present threatening aspect, the Messrs. E. de Bellot &Co declined to engage in the enterprise, but wrote that they were ready to confirm the contract upon receiving evidence of the restoration of peace, and of a permanent Government. Mr. Stephenson proposed as a relief for the existing embarrassments of the company that every man who held stock in the road should subscribe