| From the Hind County Gazette (Raymond, Miss.) |
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| January 1, 1862 |
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| The Mississippi Legislature
adjourned on the 20th ultimo, to meet again on the 13th instant, when
its labors will be resumed. Judging from the dimensions of the
published proceedings, an immense amount of private and local business
was transacted at the first session, together with the following
measures of relief: |
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| 3. A bill authorizing all the
chartered Railroad Companies in the State to issue bank notes, in sums
of from one to three dollars. By its provisions the Mississippi
Central is allowed to issue $150,000, the Mobile & Ohio $100,000,
the Mississippi & Tennessee $50,000, the Southern {of
Mississippi} $50,000, the {West} Feliciana $20,000, the Grand Gulf
{& Port Gibson} $10,000 -- total $380,000. The New
Orleans and Jackson {New Orleans, Jackson &
Great Northern RR} road issues notes in Louisiana, and by special law
its notes are allowed to circulate in this State. The notes issued
under the act are to be always receivable in payment of freight and
passage on each road, and also in payment of any debt due the road
issuing them. Each road is also required to redeem when five dollars
of their issue in amount is presented at their different offices. A
very important section is the one which provides that each Road shall
receive the issues of all the other roads in payment of freight and
passage. |
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