| From the Arkansas True Democrat |
| |
| February 27, 1862 |
| |
| Another Railroad Scheme in Congress |
| We learn that another railroad scheme has been proposed
to the military committee of Congress for the completion as "a military
necessity," of the Memphis & Little Rock railroad beginning on the west
bank of the Mississippi river at Hopefield, immediately opposite the
city of Memphis, and terminating at Little Rock in the State of
Arkansas. |
| The proposition of the company is for an advance of
half a million of dollars in Confederate bonds, which they propose to
secure by an equal amount of their own bonds, and to redeem the advance
within two years, giving such personal security therefor as may be
approved by the secretary of war. The condition of the advance is to be
that the road shall be completed by the first day of July next. |
| It is claimed that this road is very important to the
Confederate Government, in view of the vast saving both in time and
cost, of transportation of troops and munitions of war to northern
Arkansas and Missouri. |
| The road is finished and in operation from the
Mississippi river to the St. Francis, a distance of forty miles,
including the bridge across the St. Francis river. |
| On the middle division of the road, between the St.
Francis and White rivers, a distance of forty-five miles, the heaviest
par of the grading is done and a large quantity of cross-ties, and iron
for fifteen miles of the road are on hand, leaving a deficit in iron of
two thousand five hundred tons, which it is believed, can be obtained
from other roads upon which the work has been suspended in consequence
of the war. |
|