The Port Gibson reveille. (Port Gibson, Miss.) 185?-1857, 1853-06-22

From the N. o. Courier.
IFOW me ~ y L0uTIfT.
New Orleans, jackson and Great
Northern Railroad.

We have received copy Of the First AM
nual Report Of the New Orleans, jackson.
and Great Northern Railroad Company. A
careful perusal Of il has afforded rs most
gratifying impression Of the progress hitherto
made with this very important undertaking.
and Of the prospects Of its being promptly
prosecuted with energy and skill to final
and successful issue
The total amount Of subscriptions made.
the Report gives as S4,S50,O0O, including
two millions subscribed by the City Council.
by ordinances duly passed--approved by
vote Of the real estate owners 10 be taxed
for the amount, of 1854 10 5O3-and prol
nounced legally and constitutionally imposed,
in the opinion Of Counsellors Hunt, Grymes,
Micou, Bradford. Roselus--in which opinion
Messrs. John Slidell. j. p. Benjamin. and
j. K. Eleee, express their concurrence.
The surveys which have been made-com.
mencing with those of Col Campbell in 1851
--show that the construction Of the Road
will present nowhere anything beyond ordin.
airy engineering difficulties.
Mr.. james Clark has been operating on
that portion Of the line between this city and
Canton, Mississippi-the most difficult pors
ton Of the Road--and his estimate OF its COS,
is an average Of $4,000 per mile. He took
charge of the line last August, and in De
cember, the Road to the State line was let.
and the eighty-seven and onc-third miles were
under contract, and in process Of construction.
The ninety-6ve miles Of the route, from the
State line TO jackson, except one section o.
28 miles. is now ready for contract and is ess
timated TO cost S25,644 SO per mile.
The twenty-,hree and half miles from
Jackson to Canton, are also now under con-
tract, and are estimated to cost $40, 635 so
per mile.
Of that portion of the road between Can
ton and Aberdeen. tie Directors have orderei
revision of the route which had bce..
selected. with the view Of maintaining lowef
g2des than those which had been reported
fOf the portion Of tbssE Cd bssxgeasA haf /,
Geen and Nashville. the reports are verv
favorable .apd tie Engineer, Mr. James Ii
Grant, states that 130 miles of his division
would be ready for letting BY the first of this
month.
The Directors have purchased ten squarer
of ground for their depot, for S5S,934 So
They are situated on the upper line Of thc
New Canal, and the expense of filling then,
is calculated at S17,500. The Director
consider that no selection could have beer
made more central TO the city, and that il is
far preferable to any other In respect Of cost
and convenience--an opinion for which they
urge cOgent, if not conclusive reasons.
The charter and stock Of the Canton and
Jackson Co., whose line would have been
identical with that Of the Company to whose
Report we are referring, were to be trans.
ferred to, and incorporated with, theirs by the
lst Of the month, under an act Of the Lepis.
lature Of Mississippi, soncurred in by the
stockholders.
Arrangements for the supply of twenty
thousand tons Of iron rails have been made.
The financial affairs of the Company, con.
sidering how much has been done, are in d
very satisfactory position. A balance Of Ss7..
1884 70 is shown 20 be on hand, and an issue
Of one million eight hundred thousand dollars
OF bonds, bearing interest at per cent. pc.
annum, has been authorized, in anticipatlc,
Of the collection Of the real estate tax. Th..
expenditure thus far has been only S254.42i
80. while the capital stock Of the Company il
SS.000,000.
We cordially congratulate the COMPANY
on .he manner in which their undertaken,
may, from this brief notice, be seen to haVy
progressed. and earnestly wish its early con-.
pletion.