Holly Springs gazette., 1846-01-17
,bousand dollars,

declared By The Act Of Concress making
Tie donation Of lands, out ofwhich IT sprUre.
The S ate, IS .Fustee, had 10 authoiri.y f0r
investing ID in The stock of any banE; size
did 50. however. and ciglty four lhousan nd
nine hundred dollars. with several years
l-inteTest ca ihai amount, has been los:
The State i, IN my opinion under the most
solemn Obligation 10 pay il hack. It's
an obligation, not 10 Congress, but 10 the
childFen vifhin her osvt. hofders. for whose
especial education the fund was SCI ePaft
/ am fully persuaded that Mississippi VII
never incur rhe reproach Of Withholding
Justice and the means cf education from her
I own chi'dren; and therefore submit the
I question 10 ycu without discussing the
States legal liabiiilv The amount Of this
fund may be stated Al follows:
Y Amount now n The Treasury
I Of the S,a,c. Slo3,06S 40
Lost principal and interest IN
( Planters Bank. $4,000 co
Y TO be collected sbut IN safe
hands aud secure, s 36,2S5 %
Total, s25I, 800 s3
What disposition should be made ot this
+ fund propose 10 speak in connection Tah
another subject.
RAIL ROAD EAST.
Within a very few days afer The adi0urn-
mcut Of the Legislature in 1914, the Coma :
missioners of the jackson aud Brandon
Rail Road aud Bridge Company, made an
application % me for twenty FIVE thousand
dollars Of the two per cent. fund, loaned
70 that Company by an Act Of the Leg sla.
tire, Approved, February 26tb, 1912
The period limited bv law for the con
p.etion ofthe Road having expired, and the
Road being stitf unfinished. | thought the
} francItises Of the Company SO FAR Forfeited
rs not only o justify, but indeed % require
me to Withhold the money and await for
Ihcr leeislatiVe action In presenting thls
5 subject to the Legislature, it is proper ioi
me To say lhat the failure Of the Company
Go complete the Read within the rtqu:red
Z tjme, was owing in great degree, to CIR
y Gums auccs which they could not control
q Get the leastamong these was theI: dIsap
;, poio5menL la not re- ccivIrg The benefits o.
r. tiis lor.a a. eo8tv t,s 1873. IL sUiu Be re-
7. COLLECTED gfat tho Act ~ 1872 aade tbt
g loan contingent upon the consent Of Con
u aress Some tine after the adIournmcn
= Of the Legislature in that year, an agen
e of The Company repaired 70 Washington
T. l0r the purpose of obtaining thai consen
S. Ia Which ne hesuccetded. EoI reasons saus
e acrorv 10 himself my predecessor whhhe!
Ie the money. When l came into office
q thought lhe Company entitled 70 teceIve =
OF and shou n have irected It's payment, bu
$ for the expiration Of the charter. 1t seem
- MOTTO have been the fault OF The Conlpan
IL that they did not realize the benefits of ia
IL loan, and to that extent they are irrcspons
e bic for the DOn completion otlhe Road.
T. recommend that the 5g5.U00 and sue
re other portion Of the Two per cent fund, as
n- necessary for that purpose, be expended
IL completing the Rail Road from jackson
he Biandon. under tire direction OF Comm
e. sioners TO he appointed for that purpose.
i0- This Road forms link IN the gre
ith chain which is ultimately TO connec; I'll
t Mississippi river with the Atlantic, aud
10 that view il swels into an mportan
far bevond any thing connected win q
ng mere existence of a Road from Jackson
rm Brandon. At the time when Congress.
an the earnest snd repeated solicitations Of q
be ale. relinquished the two per cent, Ia
ss~ To a Rail Rog from Brandon to the A
at bama line, Il WAS confidently expected u
p, the ink between Jackson and BrandS
be then in state OF progress, would be CO
~ nleted bv other means. These expec
lions have been disappointed They
duced Congress. however, 70 mention Br'
don instead OF jackson, as the starting pc
% Of the Road. The consent Of CoDgE
OO has oniv been obtained TO the applicat
90 OF the twenty Eve thousand dollars 10
- intermediate link. Her consent should
% asked 10 the use Of so much Of the two
IN cent. tund as is necessary 10 complete
vld Rail Road from Jackson g Brandon;
92T ia other words. the consent Of Congr
here should be Obtained for commencing
ious Road Il jackson, instead OF Brand
uud And in anticipation of ms consent be
in had. the Legislature ought At once
OS,~ make such provision as will ensare
ac- most economical and speedy npPiIca
i is of he money. invite tic specini allcn'
4 be Of the Legislature to the several mem
tors ais from this State. and the final acsIe
Il on Congress in relinquishing tie two peF !
land. II will be seen that the State rs
md Congress relinqaished il 10 this pa
e 10 ular Road.
has The scheme of connecting the A'la
lnty. with the AiississiPfl river BY means
l iof Raii Road is one OF vast rnagnHude
meet will doubtless engage the carly attenno
fpr> the legislature.