Note 313 — Chapter IV
Reading edition
Sen. Jour., 1871, 67, House Jour., 35. In all, the New Orleans, Mobile, and Chattanooga Railroad Company received from the State $4,250,000 or over $58,000 a mile besides a grant of the use of a part of the New Orleans levee, valued at $1,000,000, for it completed only seventy miles. It remains to be added that two different companies of Northern capitalists offered to build the Houston and New Orleans road without subsidy or aid, but the legislature would not grant a charter. Nordhoff, 58.