The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-01-25
Railroad Extension.

CANTON, Miss, Jan. l, 1861.
Editors Of the Picayune: l shall
make no apology for calling the at
tention of your readers to the subject
of extending the New Orleans Jackson
and Great Northern Railroad from it's
present terminus at this place to some
point on the Tennessee river. Its
great importance to the welfare of
your city, as well as to the people
through whose territory it is to pass,
would relieve any communication
from the character of a trespass upon
patience. But / do not propose at
this time to make the advantages like
ly to accrue from the prosecution of
this work the subject of extended re
mark. They have heretofore been re
peatedly dwelt upon, and they must be
obvious and familiar to all persons in
terested in the prosperity of New Or
/ leans, as well as to those contiguous to
the route Of the proposed railroad.
While the advantages which would
result from this work, if completed,
are plain enough to all the practical
| bility of thus securing them in a short
period may not be so obvious to your
readers; and it is in reference to this
point that propose to address to them,
through the medium of your paper, a
few desultory remarks. To this have
been mainly induced by hearing that
the authorities of the railroad afore-
said had publicly announced their will
lingness to lease the proposed road
thirty or forty years to those who will
undertake to complete 1.-THE work al
ready done on the same being worth
IN the present currency about 81 300
600.
This, surely, is no inconsiderable
bonus, and it is amply sufficient to
constitute a nucleus around which to
concentrate the requisite capital to
prosecute the proposed work to a sue
/ cessful termination. The city of New
Orleans, looking alone to the enhanced
value of the stock she now owns in
the road south of Canton, may well
afford to subscribe FIVE hundred thous-
and dollars towards the prosecution of
this enterprise. If the city. acting
upon an enlarged and liberal policy.
will make this Investment. it will in
spire so much confidence that l am
satisfied there can then be found in
your city, and along the line of the
proposed road, one hundred men who
will take stock to the amount of 500
600 each. They will then organize,
accept the proposed lease, and build
the road in four years
The sums, thus proposed to be
raised, amount to four millions of
dollars. Only one-fourth of this sum
will have to be paid annually, and
even this in quarterly installments.
This road, thus built, viii be owned
by your city and the one hundred sub
scribers along the line of the railroad.
The plan indicated strikes me as so
feasible, and the result so desirable.
that | feel little or no hesitation in
saying one-tenth of the required sub
scribers can be secured in this county.
although its people are much less in
want of railroad facilities than any
other through which the road is to be
constructed
have, in the hurry of business.
thrown out these suggestions with a
view to call public attention to this
important matter, trusting that others
better qualified will be induced to en-
bark in its discussion. However this
may be, / will at no distant dav. recur
to the subject, when greater leisure
will enable me to present, more in de-
tail, reliable statistics and estimates.
S. L. MosBY.