New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1852-06-18

commercial eyand long commerce thrives,
long will the Of real estate derive from
the capital invested in this species Of property which
increase or decrease with the growth of the city
Population will always follow the laws of trade and 60
where it derives the most benefit from its abor not
with your houses and lots their fate is xed and here
they must remain be prospects good bad Look for
moment at the benefits which railroads have conferred
which has been brought about by the greater of
commerce and traffic which these roads, in opening
avenues, never fail to produce and necessary
quence tend to invite population and capital and which
invariably follow in their train.
The value the real estate of NewOreans about
seventyfye millions Of dollars which ask contri-
button in stock subscription of two per cent say 81 $780,
00o payable in six years. at the rate of ofone
cent per annum For this you will receive certificates
for an equal amount in the stock of the road This
scarcely be called taaaion design giving you fair
future period with annual dividends thereon and to
those property holders of limited whose tax would
be under hfty dollars per annum we confidently assert
family by the cheapening of their daily markengs, to
nothing of the advantages in with the large
property holders in the enhanced value of their estate
1t is admitted that property is already heavily bur-
thened with taxation and unless something be done the
| evil must continue to exist-we can overcome this by
opening of trade adding to our resources
increasing interior trade, attracting population by
the extent diversity and value of products and the
diminished cost of the first necesaries of life creating
home permanent population which will require houses
and stores and rapid increase in the value real
estate will follow and this alone 1cH produce
on iaraiicn Traders and others can afford to
pay higher rents when their business is proporonaly
profitable and 1t is not saying too much when
that the prosecution of the NewOreans Opelousas and
Great Western Railroad along the Red River parishes and
its ultimate extension into Texas Arkansas and ST. Louis
may be compared to the discovery of mississippi
The most sangune could scarcely calculate the
tent and value of the and travel this in
ten years time act Immediately and before any rival
| scheme shall have suppanted us in the way.
era is about to dawn State and city if you
only aid in developing it. We have succeeded in making
NewOreans city it remains for make it what
nature intended for eato The present Constitu-
ton of the State which has eectuay and unfortu-
nately tied down, will be replaced by a new one
doubt more in accordance with the spirit of the age
a fatal restrictions will be removed capital will then flow
for safe and profitable investment and with the pro-
ected railroad improvements, will be placed beyond the
reach of contingency, of real prosperity founded
The solid accumulation Of reauh, will teach the most
skepca that have not miscalculaed the benefits of
| these great works of internal Improvement.
Aid us, then fellow citizens, in forwarding this under
aking-your prosperity at stake and the decision
is in your handssecond the efforts Of those enter
prsng friends in the city and country who have be-
rally contributed by subscription and who will devote
their time to the completion Of this noble enterprse-
you refuse the desired aid such adverse action must tend
depres still further the value of your property by
yincing the world that not disposed better
condition and will sink still lower in credit and repu.
| tation,