Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-12-18

In addition to the above the follow
ing named companies discharged their
indebtedness to the government,
amounting, principal and interest, to
81, SCI, 36730, except the New Orleans
and Ohio Company, which became
bankrupt, and the amount (S25, 7SS.8)
was therefore. dropped from the list of
indebted companies:
Richmond, fredericksburg and Po-
tOmac; Georgia Railroad and Banking
Company; Southwestern; Macon and
Western; South Carolina; Muscogee:
Petersburg; Memphis and Charleston;
Mobile and Great Northern; New Or
leans, jackson and Great Northwestern;
Mississippi Central; Virginia and Ten
nessee; Montgomery and West Point;
Virginia Central; Rome; Western and
Atlantic; Orange and Alexandria
Manassas Gap; Wilmington and Wei
don; Alabama and Flolida New Or
leans, Opelousas and Great WESTERN
Norfolk and Petersburg; Western
North Carolina; Atlantic and North
Carolina; Macon and Brunswick; Sell
ma and Meridian; San Antonio and
Mexican Gulf; Washington, Alexandria
and Georgetown; Memphis and Ohio;
New Orleans and Ohio.
These companies discharged their in
debtedness III the order named between
the dates of January l, 1866, and De-
tober q, 1871.
According to the detailed report Of
Major M. |, LudingtOn, Quartermaster
in charge Of this business, seven COM
panies, the Alexandria, Loudon and
Hampshire, the Alabama and Chatta-
nooga, the East Tennessee and Georgia,
the East Tennessee and Virginia, the
Nashville and Chattanooga, the Nash
vile and Decatur, and the Southwest
Branch Pacific Railroad of Missouri,
reduced their Indebtedness Sif,i3AO2,
The companies also paid on account Of
interest Sl,7j6.62, making their total
payments during the year 500, 095.64.
The Indebtedness of nine companies,
the Edgefeld and Kentucky, the Knox
vile and Kentucky. the MoMinnyille
and Manchester, the Mississippi, Gaines
vile and Tuscaloosa, the Mobile and
Ohio, the Memphis, GAINESVILLE and
Louisville, the Memphis and Little
Rock, the Nashville and Northwestern.
and the Selma, Rome and Dalton, has
increased SS3, $500. The companies
have, however, paid TO the United St ties
during the year SIS, 976.40. n IN
As remarked above, the Companies
have done well. The circumlocution
Offices here have always, and do now,
detract from the favorableness of the
statement, Accounts gr8vitate between
the Postoffioe, Treasury and War De
partments, and not until several months
after it is paid does the railroad get
the credit of the payment Suits are
pending in three cases under prOyOk.
ing circumstances, and illiberal com.
promises have been made in three
others, Now that thirtyfour out Of
fifty companies haYe paid In full, and
the other sixteen paid in part, the See.
rotary of War wants to settle the bus
mess: Accordingly, Senator AIcorn
Of Mississippi, has introduced and will
probably pass the following bill
Whereas, The Secretary of War was
directed and authorized by the act Of
Congress approved March 3. 1871, t.
compromise certain suits instituted by
the United States against certain rail
road corporations which purchased ma
terial from the Quartermaster's De
partment under the provisions of exec
utige orders Of August 8, and 0ptQbe
Ii, 1865 and
Whereas, Issues have been raiset
and are pending in the settlement o
the accounts Of other railroad corpora
tions which made purchases under sale
orders, and against which the govern
ment has not been forced to institute
therefore,
BE it enacted, etc. That the Secreta
~ of War be, and Is hereby, authoriz
! ed to compromise, adjust, and settl