NP, NOTP 1/28C/1862

From the New Orleans Times Picayune
January 28, 1862
Mississippi Railroad Change Bill
   The Panola Star says:
   The Mississippi Legislature has passed the supplemental act increasing the authorized change notes to be issued by the railroads to $1,275,000. The Memphis & Charleston Railroad is authorized to issue $250,000, and it is required to keep an office of redemption at Iuka. The principal feature of this measure consists of the fact that all the roads which accept the bill are required to receive in payment for freight and passage the issues of each other, thereby making each a security for the other, and securing the final redemption of all issues made by the different roads.