New Orleans daily crescent., 1858-04-08
Ileksoy RlILRoap REPoRTs.
oTFIcE or rHE NEW oKLEAss. JACKSON avn
GREAT NORTHERN RAILR0Bp ConPsS,


oEEIcE or THE NEw oKLEASs, JACKSON am /
~ sEEAf soHrlExs k1s5sos1 s1i.oI Gomgasr,
:, reports read 81 meeting q ss Board
= es ta company held last eveaing and ordered 10
at ~. RS, CHARLES, Secretary.
s, a sosD - Dass: q The New Orleans jackson aad
m.s sgSs1i.g I; gs1es..lTsss @ss 4 s special
q he imlo, dis.e essn.lgn q the railroad beyond csnlon
Al aei Of he LsratsIs q Ss;,Ost .,,,,. :. ACT
s,T g5snos ~ Tsas 4 ~ s z. sSz i s y ,i 40
srn Rsad COMPANY 2 approved March iss2 begins ~iih
Whereas Il raisro-d from me c,v Of New
osS osy o he sg q js sga .n ~ s % soS e n % II S s
sepaas.g the State Of Misissippi from Tennessee
ss asea work q gs.s public ssa
aa aa s a fss sneoaasa Ss ~ ss sa .ss
the part Of the State and wheres he mskisg Q; seh
70 Ss ,yisd The Ss 6yssni JACKSON su s,es
sse 5 stSd q &c % ps. osis.sf hat ssf said railroad M
Be eemnenerd m ou, lana eI Mississippi IN two years and
an contemplated within this state
s S.e sss b s E % eespsse. ss ssSs % be s s
pnSy men hs ae shall e null sed sd Otherwise ne rights
he Legislature Of ouisians entitled Incorporate
81 ISIS 'dI and accepted sy % he sockSeid
corporation for ths purpo- Of consnc
ing wokia. and u,sa!aisins faiload from New osaas
he STATE @ AissiAspi towards The poi that shall Be deemed
a. hal serve f h main fs gn 1GH9 n Y y mis 90 @ inn ss
muncation between New Orleans aud Northern and West
portions OF the eoneder.e and section eighteen Of the
Msespp printed at the head Of this aud charter
81 sod a ,ae Ign q w @ ,arnsn % Y ss
and Great Northern Railroad Company hereby accepted
Thus viii be perceive that the
PI SSn y % e. on % s os ~ me ~ eS % sds
ten years from 1882 and that the penalty failure the forfeit
state n Other words 6s lo-s Nissssippi
50 mneh feS th law Let examine what required Of
N IS. ihs Of Mississippi appropriated 10 sid in
R.iroad in the State Of Mississippi and for Other
men. Fund fasd derived lands belonging 10
the state The eontn q the appropriation tha; sf
Of e railroad q anor and the other half
& Ss Of NJ e S S 5 3 1 r@
hSns and Sasn eor ,S9.9a ~ dollar hg mn one dollar
on % n a. Psea ns snS e lssa to e,s eompsny
don thai the sums loaned should be expended the
oa ,h ons 81 and ef ss ns 5
dollars aud Of has been sxpsadsd north Of Oanion
company portion of The Thre per Fund q that State
s,ructon Of the railroad Company has re-
csyed twenty thousand dollars thus far o that fund but
amount received by the company
saSd dars fonr hundred and thousand dollars Of she
given for the express purpose Of building The road north
The fact that The contribution Of the State of Mississippi
teted public notice and provoked remonstrahc lps ipce
To INQUIRIES Why The work commenced and carried for
pany wond JUSTLY the reply 81 the deeius has uniformly
the work between New Orleans and Cannon the
derived om that part Of the road on m elton
ton beyond Iha point with energy and dspsh and that
pend thai could be raised in the hance of that
plan Isne @ ,sh :. e away the means Of me 70
useless either State until the intervening be allied
been said the subject until fesepy when became
The road beyond Canton md any Al
ia December from pissipp the
though he did not credit them he deemed bis dnty to oi
menis Of the ard That resolution wnich IS in the io
oyPs sod s "a I'M a. , R.r 10
vigorously as heir means will permit the sonsrucon Of that
, drration Of Koscnsko, therefore be 1t ~ r
orsd Thai 50 soon as The road south Of Jackson shall be
1t was supposed at The time that ,h settled The question for
individually as well the subsequent aeen OF the directors
Of the Tesoaon Ahoag6 unable % quote
eonyrsaous the nniergns arc perfectly clear a their
9er- indicative Of hostility to he progress Of the road beyond
by their action evinced the feeling At ting the
Seard Ia a. resolution Sss presented to accept son
spp for six years without interest on CONDITION that the
The resolution did pass six members voting and
sS agan il The he deeaion being mae BY some Of h Sc
lhe act bound the company to go bsyond Canton. In
perniend the eecion Of deetos was adopted AZ meet
ing held few day: afterwards the appointment aenuled
nt he and other members opposed the extension "
the appointment of commissioners ques-
ton osesos 70 M .ae extension q he road have nesn sr
eusko is comparatively brren aud thst the OF the
Ms@pSi. Rsrcad I SS @ S ar pd @
cuti'n Of unnecessary. Although portion OF Alfalfa
county viii not compare vorahy tn some other paris Of
Mississippi point Of richness Of soil it is far from being
ductve II has dease and thrifty population and il the
road b. carried through IL experience will speedily demonstrae
that viii furnish prohiabe business 70 the company The
Of the country above Aala unnrnassed
the remark will apply whole be rsvrsed
by ihe railroad between Canton and the Tennessee river with
m exceptions Its not doubted that business will be
derived from that Of the road than that PARTON of it be
tween New Orleans tR1ton with this
the Of New 0re4ns s concerned that the road
OF Canton will supply wi single bale Of
other article OF produce which il would .ot receive the road
did exist e Of that received by the road
Canton would have other markets,
II able that objections had
made Garlic day. In the hr second, and third
reports made the stockholders in ls5S The Advantages
less favorable for the construction of railroad
than then The that the building of the
the ground when renemb red that
cred before this company obtained the right way through
deemed import obtain the privilege Of constructing
road from Ca4t)n the Tennessee valeywhy the I'D
yAuages Of the eoquey set forth in annual
o afterwards and why that portion the
conpicuousy deneAted the maps accompanying
reports ii the building Of the Central make the building
Of the Northe usess The only Argument The
immedae of work NORTH Of Canton whch
Undersigned deem entitled 70 confederation that the
have The indebe OF the company
is The gross amount leayiag the hs
bonds disposed Of but including the interest the
Is year ending
April l. 1850 is in round plumbers. ...... 81 3s5O 900
Estimated expenses OF the load for the
, IocSSSuyes to be paid or within the year 5000
&c Cars 10 be procured construction, etc,
etc..s..stt..'...s..'-t..+.' .'.---'. Zi0VVo -. -.
To meet the above have:
l243 First Mo tgage Bonds which
prob by be sold at 10 cents SS70le0
h, 735 City Bonds at 20 cents. 5l4hO0
- Estimated earnings for the year........f l,UOOOtD
I. S,n. S5-Ieo