Setting: Bridge in North Alabama during the civil war
Theme: Difference between reality and illusion
The point of view is third person omniscient because we know what the main character is feeling and thinking but it is from the perspective of a narrator.
"A man stood upon a railroad bridge in northern Alabama," this was a railroad bridge that the union army fixed up to make advances into the south during the civil war.
The theme of this story points out that not everything that you would like to happen will happen. As Farquhar is hanging from the bridge suffocating, he is imagining escaping, swimming down the river and going home to his wife. This illusion helps him cope with his own death but it would never happen in reality.