True American. [volume] (New Orleans [La.]) 1835-18??, 1839-03-11
'rllE TRUE AM ERiGAN.
EblVkD nv JossN GIBSON.
FAITHFUL AND BOLD.
N I, w OR l. FANS:
MONDAY MARCH IL, 1889.

2 EXCHANGE AND HAWKING COMPANf AND NASHVILLE
Rail- RoAD.-Thc bill which proposes to enlarge the
capital stock of the Exchange Bank, foe millions re-
qniring therefor bonus of sI9O,0aO to he applied to
the payment Of Stock subscribed for by the State, in
the Nashville Rail Road must meet the appreciation of
every one, who gives the subject his serious reflection.
The importance Of accession Of capital at this time,
and Of the procurement Of means wherewh to continue
the Rail Road, the features Of the bill tina, pnce the
Exchang" Bank the same footing, as the Citizens
and Union Banks, all conspre render it unohjec'en
able and of paramount consequence.
We have heretofore expatntsd upon the vnst interest
the State of Louisiana has in the completion of that
great public work, the New Orleans and Nashville Rail
Road. We have endcnvore,l to explain the Immense
resources that would be developed by it, and how the
wealth of the Stae would be augnrented-hnw fine
market country would be opened for New Orleans, and
how the city would be made the great market Of large
territory thai now has no market.
We huve shown Tint gigantic efforts arc being mnde
elsewhere, to draw off The produce Tint heretofore
sought and till seeks New Orleans, its natural depot
to build up an important trade by demoshng onrs-
to divert TINT stream from doors which has given
us wealth, and made what are; and we have en-
deavnred to awaken Louisiana f. ON the letIursv in
which she has tozed too long. Hero ia work of i'm
provemen', worthy Of great State. Every thing that
can be done, should used 10 achieve its completion
Let not apathy and neglect suffer the golden opportunity
to pass by, perhaps forever!
Improvement is the characteristic Of the are. We
live at tins. when active in the development
Of novel theories and in reducing them to practical pur
poses. II we would be left far in the rear drag
the wrecled being of trihaury and dependent, VIC
only follow after others, but whenever oppor-
-
convinced by the experience ofo,ers-we should some-
ii feel that it would be well to he governed BY our
own, and spur the lead, in the march of enter
prise.
There is e,hargc spirit manifested in Louisiana on
the subject Improvement. Any thing novel uncom-
mon, is looked upon innovation; ind 10 such an
extent il this carried that credblv Informed that
in many places the soil is cultivated with the old fash
Toned wooden plough, such the great grand sircs of
the present generation used! And what is the arg,,-
ment! That they have by such agriculture in the
Of fifty years accumulated many thousands.
But let the other side Of the pcure be viewed. The
neighhor who has used the modern implements Of
hushandry has in tenth of the time, doubtless,
| nmassed twice the sum-
The Creole population Of Louisiana nrc hgh-mnletl,
honorable chivalrous, resolutc in their determinations
and steaElst in their friendhrs The worst fentm in
their composition to he inerness-an unwilling
exercise their energies. They to prefer to
let things jog along they have been going, for good
for bnd rather Than themselves that activity
| necessary to produce change. They have noble
State-onc calculated by her fertility and peculiar To-
caI:ty, to be the Leading Southern State. The advan-
ages and she possesses more than half
hidden. They have been !" dug from the bowels
of the enrth," by the hands of energy and industry
Shall this be always? Already we sec our neigh
hors bestirrng themselves and preparing for future STU
prsmncy. Mississippi and and Alabama, Georgia and
and South Carolina have taken measures To rapidly
construct great works of Improvement from which they
expect to derive incaculabe advantages. 1t is propo-
sed to extend the rail road from Memphis Grange
on to Charleston, connecting with the Tuscurnla,
Cou,tlnnd and Decatur rail road.
"By late act ofthe Legislature of Georgia. the spec
dy completion of hs Georgia rail road the Tennessee
River, the Alabama linc is placed beyond dispute.
The road it will he rrcollcctcd, connects with the
Charleston and Hamburg rail rnn n. Augusta, which
when extended 10 the Tennessee line, wi,opcn to North
Alabama direct communication with the Atantic.'
The legislature authorised loan of ona q holf mil
lions of dollars, for the purpose of completing the
work.
activity Of other States, how important then that we
should not neglect to at least keep pncr with their i'm.
provemcnts. The practicability of the Nashville Rail
Road has been demonstrated. The incnlcunblc I'D
vantngcs it. completion will produce, wildly appa.
rent. large and fruitful portion of the State will b.
brought into market An avenue will be opened to the
heart of Mississippi and Tennessee, and the distance
between the termri will be cut Of half. The mari
CATION between Nashville and Orleans will no longer
be unccrain and entirely embargoed several months OF
the year. but will he open, and clear Of md
yars Transportation will be- regular, and we in III.
South shall again be in danger fsarving for
of the produce of the west and the valley of the Ohio
ticles luxury and groceries. They cannot well d,
without our MD and we much dependent them
How necessary then to have narsnJle stream CON
meeting us, which will never dry up or be blocked up
with ice
The Bill which has passed the House, and now
awaits the action of the Senate, accompishcs every
thing which could place the completion of the Nash
vile Rail Road beyond 'ha probability of failure
Let that Bill be passed, and the road will be construct
ed The provisions of the Dill, are Just and equitable,
aud such cannot he objected by any reasonable
They place the chief control of the ron, under
the Legislature, until the stock of the private stock
holders shall exceed thai of the tas 1t also provides
for the payment of III" States subscriptions by one of
the present chartered mon'rolies which has asked fer
an amendment of its Charter and which amended will
he placed on frncr nnd sounler basi and one more
con'enia I" the system Of Free Banking which will
dnuht'css ultimately be established The State will
receive its l2' Shares of Stock, without expcnlinc
one ol'ar-the Exchange and thanking Conn any nav
ing TINT as don"s for the enlargement of its CAPITAL
and the extension Of its Churter. Whit il there to
make men hssita,o' Why will th, Senate DELAY? Is
th" ris iucrti@ apparently peculiar to Creole blood
too strong for acton! Let our Creoes show that ,bev
can rouse themselves when necessary, and shake off
that lethsrgc sph which sI'rinks from the perform
ancc OF Ike slightest labor or taking decisive step.
The interests of the State and the City, and of indvi
dunls, demand TINT the Senate should NOT odionrn
without passing this law and the day that it does pass
the Legislature will have achieved proud ,rumph for
Louisiana. The first step will have been taken-thc
ground will have been broken, and the pioneers will be
already opening the way to her future greatness and
unparalleled prosperity. TO this main artery will other
roads lie constructed, till they will ramiy and branch
off through the State Ike veins in h.. human body
There is no State which is better adapted to rail roads
and cannl' and none where they would be of greater
benefit. We trust the Senate will not think of doing
any thing else, till this Bill is pa sed Its visous
are unohjeconsble.
This Exchange Bank has offered to pursue liberal
COURSE The amendments 10 her Charter, proposed by
this Bill will place her in cn~iable SITUATION as to
sOundnCsS and credit, She will hnya r, IN