The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-04-14
N. O. y. AZ and g. N. Railroad
Company.

columns, gives The following sketch OF
its contracts
at appears that Notwithstanding the
dllapidated condition Of the road at
the close of the war, energetic meas
ures have been taken to repair it
throughout its whole length, and the
success Of the effort is shown by the
fact that the run to CANTOR, 206 miles,
is now made regularly in about thir-
teen hours. The road is perfectly
safe, but one accident having occurred
during the year, resulting from the
falling of o tree across the track, and
involving no loss of life. Many OF
the depot and section houses destroyed
during the war have been rebuilt, and
one hundred and nine bridges, meas
uring in all upwards of two miles in
length, have been reconstructed, be-
sides twenty-five bridges which have
been repaired.
"The rolling stock now consists of
twenty seven locomotive engines, sew
en- first class passenger cars, sixteen
second-class passenger cars, eleven
baggage and express cars, one hundred
and thirty-three box cars, and one
hundred and fifty-flve flat cars, besides
stock and wood cars and timber trucks.
A reduction has been made since last
year in the tariff rate for freights and
passengers, and arrangements have
been made for close connections with
other roads and through Transports
ton of freights. Another encourag-
ing circumstance is the impetus which
has been given to manufacturing en-
terprises, and several factories are al
ready, or soon will be, In operation at
different points on the line of the road.
"The financial exhibit shows the to-
tai earnings of the road for the year
ending the LIST of March to be 1925
1874 10, exceeding by $12S,l34 10 the
estimate, which was for a million and
a half. The present indebtedness of
the Company exclusive Of the bond
ed debt which is $2,741, 000) is ST.
$40, OILS S3, consisting mainly of un-
paid coupons, bills payable past due,
small notes issued before 1862, and
the sum Of 100000, due the Chick
asaw School Fund of the State of
Mississippi. The Company expect to
the main portions of the debt
by extending the loans, and funding
the interest due, gradually liquidating |
it by a sinking fund to be set apart for
that purpose.
The floating debt has been reduced
during the year to the sum of $751;
661 A.
The January coupons have been
paid, and weekly deposit of $4,000
has been made in the Citizens Bank
to m Get the interest on the company's
first and second mortgage bonds.
"The total Indebtedness of the COM
pany is $4, 100000. The estimated
receipts are $1,500,000 per annum,
but as the receipts last year exceeded
this sum, it is fair to conclude they
will be greater The President con-
cludes his report of the financial con-
lition Of the company by saying that
It sis most encouraging, and with con-
tinued watchfulness over it's affairs,
increasing receipts, the OBJ
igations of the company towards its
and other creditors will
be met at maturity, and ere
ong this road will become source
If profit to the States of Louisiana
md Mississippi, the city of New Or
cans, and the other stockholders.
"The President takes occasion in
lis report to express his regret that
10 bids have yet been received to lease
he proposed extension OF the road ;
rom Canton, Miss, to the Tennessee /
liver, by way of Aberdeen, Miss This
he says, is becoming vitality
Important to enable the New Orleans, /.
ackson and Great Northern Railroad ,
} compete with newly projected north {
astern routes, especially the one from
lew Orleans to Chattanooga, via. I
Tobile, which will reduce considerably !
he time to Washington, and will en- /
tie it to carry the United States l
tails, unless a corresponding reduc-
on of distance can be made on the :,
lew Orleans, jackson and Great II
Torthern Railroad, via. Aberdeen and Fl
Decatur, where that road would have n
lie advantage of connecting directly Il
18th the Memphis and Charleston, and Il
lie Nashville and Selma roads, the k
tier being already finished to Deca-
If. D
General Beauregard concludes his
port by returning thanks to Colonel
'illiams, the general superintendent
I'd his assistants, for their zeal and
liciency in the discharge of their re-
'ective duties" y!
he Danger of AntagOnisIn Be-
tween the Races.
The Charleston Mercury says: The G,
eatest evil which can befall us, under
e Military act is that it may throw tn
e black and the white race in an - -
gonists against each other. These tt
ces, if left to themselves, will find it la
their mutual interest to live in bar in
ony together. ~ ~
During the war, the negroes behaved de-