New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1854-01-27
THE DAILY CRESCENT.
FRIDAY MORNING. JANUARY u, 1854,
OpELOUSas R.aILRO4D.


We acknowledge the receipt Of copy Of the
second annual report made by the President
and Chief Engineer of the New Orleans, opeiou-
sas and Great Western Railroad Company, ana
regret that their length preeudes us from trans
ferring them to our columns
The leading features and more important
topics treated Of in these reports are, however,
generally known. The journals of this city and
State have ut brief intervals published o history
of the proceedings and success of the operations
intended for the advancement of the road The
facts with regard to the present forwardness and
future prospects Of the enterprise are therefore
the only matters of immediate interest touched
upon in the report of the President.
From this report we gather that the availa-
Bile subscriptions up to the present time amount
to the round sum Of $4,045,906 90, and that
the estimated resources up to the close of the
present year are 81, 141,950 r. The Company
is possessed of property valued at ~, 166, 126 81
and has liabilities to meet during the present
year to the amount Of At, 444. 530--or about
$780,, $50 more than its estimated assets for the
same period. The sum of ss405, $40 has been al
ready realized from private subscriptions and
enough from bonds and taxes to amount to $685.
664,62 The total disbursements up to the pre-
sent time have been 1907 1858 10, which leaves
balance of IS 900 80 in the treasury.
The road is at present graded, the rails laid
and the track in running order for q distance
of twenty -four miles, and the grading is COM
pleted to Bayou des Allemandes-a distance of
eight additional miles. The road has been con-
tracted for from Bayou des Allemandes to La
fourche, distance of twenty miles, and four
teen miles of it have been graded. The bridg-
ing from this city to the other side of Lafourehe
is in such state of forwardness that no delay
will be experienced in the working Of the road,
when otherwise completed. Contracts have
been made for iron sufficient for 215 miles, and
enough for so miles has been already received
There are also four engines, six passenger and
thirty three freight cars now at hand and in
running order.
There are two points in the present report
which are deserving Of more particular notice
than we can ut present give them. The first is
the plan which has been submitted to the Leg
lslature, by which the bonds of this city are
sought to be substituted for the tax bonds al
ready issued, and longer period given the city
for payment-while the company shall be able
more Immediately to realize from the city's sub
soription. The other has reference to the ex-
tension of the road for distance of 800 miles
through Texas; to the realization Of which
plan. that State has offered twenty sections of
land for every mile of road constructed within |
her limits, equal in the aggregate to about l0,- |
240, 600 acres. These two very interesting |
points we regret being compelled to omit MOTTO
ing at greater length. The former is one of i'm |
mediate local interest, and the latter is linked
TO and intimately connected with the further I
ance of our interests concerning the great Ma
honaI railway connecting the Atlantic with the |
Pacific coasts. Although unable to speak of |
them now, We shall refer to them at the earliest
In conclusion, we are happy to be able to con-
sTatulate the stockholders of the Road and the |
,ublc generally, on the forwardness of the en- I
erprise and the fattering prospects which seem
. lie ahead. We have very often referred to
lie condition Of the Company and the state Of
is affairs, and always with the desire to see it
rosper If it has been able to accomplish 80
auch under all the disadvantages of the past
uinfner we have every reason to suppose that
will advance with at least equal rapidity du-
he year just begun. We should say of the re.
orts of Messvs. 0yerton and Gibbs, that they
re clear and concise, and give US the impress
ion that both gentlemen are practically &C.
uainted with the affairs they have in charge