| From the New Orleans True Delta |
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| April 13, 1861 |
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| Mobile & Great Northern Railroad |
| The Register, commenting on the second
annual report of the president and directors of the Mobile &Great
Northern railroad, remarks: |
| We have always felt a deep and zealous
interest in the great enterprise by which Mobile stretches her hand
forth to the Atlantic seaboard, while with the other she has already
reached the northern lakes. To chronicle its progress amid many
difficulties, to sustain and defend it to the best of our endeavors, has
always been a pleasing task spontaneously assumed, and it is therefore
with an almost personal pride that we point to the report of the
president and directors to the stockholders of the company, which we
publish in another column, and which comprises the summary of the
accompanying reports of the chief engineer and treasurer. It is truly
astonishing "how much," to quote the concluding words of the chief
engineer, "has been accomplished in one short year, in the face of
litigation, revolution and a financial crisis unsurpassed." It is a
proud thing for the energetic and public-spirited president to say, that
despite apparently insurmountable obstacles, no creditor of the company
has called for his money a second time; that a large part of the work
has been done considerably under the estimated cost; that the whole of
the iron is contracted and in part paid for, a portion already being on
the way; and that, nothing save an unforeseen calamity -- capture or
shipwreck -- can prevent the completion of the last link connecting our
city with the great railroad chain of the Atlantic seaboard by September
next. This is in effect what he report says, and that it can say so with
truth is owing mainly to the indomitable perseverance of its authors,
sustained by an enlightened public spirit which few communities can
boast of in a greater degree than Mobile. It is this steady onward march
to the goal in view that stimulates the stockholders to meet cheerfully
the inconvenience of paying in these times of financial pressure the
monthly installments on their stock, as they have heretofore done and
evince the disposition of continuing to do. |
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