People's Pilot, Volume 5, Number 40, Rensselaer, Jasper County, 9 April 1896 — On Populist Principles. [ARTICLE]

On Populist Principles.

An Atlanta (Ga.) special to the GlobeDemocrat says: Years ago the state of Georgia indorsed the bonds of the Northeastern railroad, running from Athens to Clayton, for $287,000. Two years ago the company defaulted and threw the road back on the hands of the state, which in turn, failing to And a purchaser, had to operate it. From being a bankrupt road the last year’s business shows that it has become a good paying property under state management. To-day it turned into the statejreasury $20,000 clear profit on the last half year’s work, besides having largely increased the value of the property by improvements both of the track and rolling stock.