| From the State Gazette (Austin, Tex.) |
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| January 4, 1862 |
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| Legislative Items |
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| East Texas Railroad |
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A bill granting relief to the East Texas Railroad has
passed both houses. It allows them to draw the $6,000 per mile loan on
the completion of five miles, and gives them $7,500 in land
script at 50 cents per acre, in addition to the sixteen sections per
mile allowed by the general law, being to make up a depreciation of 25
per cent. on $30,000 of United States bonds which they claim are now
depreciated. Of this we shall speak again.
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