The primitive Republican. (Columbus, Miss.) 18??-1852, 1852-03-04
$372,676 %
$50 81
Total expenditures
Balance on hand
O6

In addition to the expenditures above sta
ted, about 100000 will be required for re-
mainder of track laying-for balances due
on engine, cars, &c, and to meet other ex-
penses necessary to place the road in work
ing operation to Chronicle. The construc-
ton thus far has been accomplished at cost
considerably within the estimates Of the
Chief Engineer, owing principally to the adj
vantageous contracts made for the purchase
of iron-while the work done is of the best
and most substantial character, equal in ev-
cry respect to any of the frst-class railroads
in the United States.
AS has been stated in previous reports,
and generally understood by the citizens of
East Mississippi, Mobile pledged herself to
provide for the roadbed from the southern
terminus to Kemper county line, distance
of 161 miles, and this portion has been
classcd as the Alabama division of the
work. To redeem this pledge, application
was made to the Legislature Of this State at
its late session to authorize a tax upon the
real estate in Mobile of two per cent per an
mum for five years Authority having been
given, the question was submitted to the re.
al estate owners of the city, as by the act
required, on the 18th inst, and the tax was
agreed to by the overwhelming vote of 832
: in favor to 6 in the negative. The extra
ordinary unanimity with which the citizen!
of Mobile have consented 10 this large con
o tribution, is an earnest Of their determine
ton that the Railroad shall be pushed Wig
orously forward, and cannot fail to inspire
renewed confidence and infuse with new i'm
pulses the efforts now making in It's behal
by the people upon every part Of the line.
A provision of this tax law permits rea
n estate owners, who are already stakeholder
by personal subscription, to deduct from tn
n amount OF taxes to be assessed to them un
der the law, whatever sums they have paiI
on such personal subscriptions over an,
n above the first twenty per cent, which twent
per cent is to be consolidated into full stock
n The entire payments so made upon which
credit can be claimed do not, as well as ca
. be ascertained from the assessment lists c
y the present year, exceed $65,000 An in
crease of FIVE per cent per annum in the va
3 uation of real estate during the existence {
&c the tax, would increase the amount realize
e to the road upwards of $4,000, beyon
} the present assessments. 1t will, therefore
: be readily perceived that the tax can be flu
q ly relied upon as a certain and available sui
$ scrlption to the Mobile and Ohio Railroa
% of ten per cent upon the present assesse
&c valuation of real estate within the corporal
/ limits, amounting to 81, 100000.
o. Another valuable provision of the la
u authorizes the corporate authorities to antic
y pate the taxes of the fourth and fifth yea
e by loan, secured by the pledge Of thoI
" taxes, which will thus enable the public
j realize the benefits of the road at least tW
le years earlier than could otherwise be antic
e pated
h The length Of the line, and cost of pr
pairing the roadbed as far as has been final
to located is, by the revised estimates, as fc
< lows:
IL Alabama Diyision-C Chronicle to Mississip
le line, 283 miles costing $685. $3.50 {
IN Mississippi linoto Kemper line,
974 miles costing 887 1926