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The Daily Dispatch: February 8, 1862., [Electronic resource], Letter from the Gulf shore. (search)
railroad supplies watch shall be approved by the companies, they will contract to purchase of them annually, during the present war and for a term of three years from the close of the war, such supplies as they shall manufacture, to the extent of the requirements of the several companies, for repairs, consumption, and equipment, for the period named, at a price not greater during the continuance of the war than fifty per cent. upon the rates current for articles of like quality on the 1st of July, 1860, and after the close of the war an advance of not more than thirty per cent. upon the actual cost of transportation of similar articles at the time of purchase, exclusive of import duties. In addition, the companies agree to make loans at six per cent. interest to individuals who establish such manufactories as may be approved of, to an extent not less than fifty nor more than seventy-five per cent. per mile of each of said roads, for a term not to exceed three years. The amount loane