New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1854-05-08
NUMBER IS.

Estimated Of railroad fully sauipped with
rolling stock for strictly fst sass road from Moiie
the late Col Dexter Chief Engineer ao & ~ as
and New Orleans Railroad. and Of Lewis Frost Esa
Civil Engineer, payable in cash as the work
To which add average loss Of interest on the
Bonds Of the Company for the purchase II
iron cars locomotives, depot, etc, on S2.5G0,-
600 ons aud half years at per cent; 225ooo
per cent -. .................!... S $4,000
leans for its subscription, these Bonds not be-
ing available for banking purposes, 81 ,50000o
al ~ per cent. l5uuUu
s4,461.3e0
Less the net earnings of the present road for
~ years while the road to Mobile is build
And the earnings Of the Mobile and d'-''''
New orieans Railroad willis in pro-
Us, COO $4,000
s42i1sso
Contingencies. ........-,.............. 288640
s45Ooooo
road for So ,S36,36o, IN cash, or for S4,3o0eO0
payable.
To To Bonds of the he city s1,5ooooo
In Bonds Of the Companies secured by mort
gage. ...........,...........,s 25oooo0
Stock Of the Company or Bonds. 100000
s4;soosoo
p. AVAILABLE sfEIvs
Capital stock Of the Pontehartrain RailrSs3
{ Company as fixed by law. for the purpose OF
extending . railroad to Mobile, per Act Of
April2S 1s53........... .............. s2500,0o9
Subscribed for, paid up and invested in present
ROAD. -....-........-...y.. 100000
Leaving. 100000
OF which the city is authorized to take 100000
To be obtained by private subscription 100000
First Mortgage Bonds of the Company Bonds
to be secured on the whole line Of road 25ooooa
s-.... s45eoOoo
The following Will show the estimate Of receipts and
profits:
Two hundred thousand through passengers
Orleans to Mobils ssao6e0
Way travel between the termui OF the road. 100000
Passengers to and from the watering places. 10000
Transporting mail. Observation-Disclosures. $1,000
ported over the present road 100000 barrels
as ~ cents.. 100000
= 5--.=-.
sl,11o0oo
Allow the same ch arge for expenses is made
on roads with sharp cnrves and high grades,
neither OF which found on this road. S510O00
Leaves. .-,.................. S6o0o0o
Net earnings Of the present road. 10000
After the New orls ans and Mobile Railroad is
completed .......................... ss4o,ooO
Capital stock. 25O0.00O
Bonds to be issued. 2500000
s."s.". aA.a s5,ooo.ooO
or ID per cent. ost
The Pontcharrain Railroad from the river to the lake
transported last ye $4,000 passengers which it is
supposed near 200 900 for Mobile and the watering
places on the Pontchartrain and the Gulf. road to
Mobile would quite. double this travel t"
90 much for the statistics Of the costs and receipts OF
the road. %
few words in this number to the distances Ac-
cordngso plaza which have before me- and published
with the rst al nua report of the New Orleans jackson
and Great Mort hern Railroad 1853 the distance from
New Orleans to Chattanooga is 5S5 miles Here the Jack
son and Great Northern joins the Knoxville road,
tinung in st raight line northeast Chrstiansburg
thence east to Lynchburg, Virginia. An important in
qulry arises Hhats the distance Mobile by the pro-
posed route to Selma through Sparta Rome and Kingston
and make by that map 510 Luies So that it is II
miles shorter from New Orleans Chattanooga by
Mobile than by way of Jackson BY the me map it il
TO De o5 miles to Washington by the jackson and
Great Northe road when it will also appear that by
this road ard the Gard, with the proposed route BY
Macon to Augusta Georgia the distance hingtor
s now aoon 1886 mes-susceptibe. however, OF bent
much short med The distance by the Mobile and oh
road to the Tennessee river about lis miles sho
from Mobl 9 than from New Orleans by the Jackson
Having eferred to these the above statistcs
sha mai e application of them in my next to show the
mportanc of this road to New Orleans and its superior
eiainis' AT REFoIR.