Page:State v. Little Rock, Mississippi River and Texas Railway.pdf/4

704

Had it been deemed important to the immediate interests of the company, or at all likely to influence the action of your board, this subscription might have been largely increased, but, guided by the judgment of the warmest friends of the enterprise, the company determined to await the perfect restoration of public tranquility before making further effort in this direction. Enough, however, has been ascertained of local popular feeling regarding the enterprise, to place its success, if aided by the State, beyond all reasonable contingencies. The undersigned is now able to state that large individual, county and municipal subscriptions to the capital stock of the company are specifically promised, as well as liberal donations of lands contigious to the routes. These, together with the proceeds of the first mortgage bonds of the company, to the amount of $10,000 per mile, which it is proposed to issue (the Board of Directors, by resolution, having authorized the issue of said bonds), will make an aggregate of resources which will reach the sum of $3,000,000.

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"President Little Rock, Pine Bluff and New Orleans Railroad Company."

Subsequently, to-wit, on the 15th day of March, 1869, the said Board of Railroad Commissioners made an award of State aid in words and figures following, viz:

"N A A, O B R C, A., L R, March 15, 1869.

"S. W. Mallory, president of the Little Rock, Pine Bluff, and New Orleans Railroad Company.

"S: Having considered the application of the Little Rock, Pine Bluff and New Orleans Railroad Company, made through you, its president, for a loan of the State credit, in pursuance of an act entitled 'An act to aid in the construction of railroads,'