New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-05-01
RAILROADs--rHEIR PROS
I VI RECTs.


Speaking Of the vicksburg, Shreveport and Texas
Railroad, and the Southern Pacific Railroad, the
Shreveport Southwestern, Of the 22d inst, says:
We learn that the proprietors Of extensive iron
works in Wales have offered to furnish sufficient rails
Is they may be wanted, to equip the Vicksburg,
Shreveport and Texas Railroad, on favorable terms;
taking the bonds Of the compan& bearing per cent
interest, payable by instaments in 20 years, and Sc
cured by mortgage on the public lands granted by
the general government to the company. The Direct
ors have authorized Dr. Young to accept the PROPOSE
ton Of the iron works Should the contract be con
summated, the road will be speedily completed from
Shreveport to the Mississippi river.
We also understand that the Hon. 7. Butler King,
who is now in town. is authorized by the directory of
the Southern Pacific Railroad to enter into an ar
Engagement with the Shreveport Company, by which
the two roads will connect at the State line and that
finish that section Of the road
The offer Of the Wales Iron Works Company is quite
LIBERAL and we are pleased that the Directors have au-
thorized the President Of the Shreveport road to ac
cept it. The sooner it is consummated the better
for then all difficulties in the way of speedy compile
ton of the work will be removed, and two or three
years will witness mighty improvement in mag
ncent section Of country, hitherto but partially de-
veloped owing to the great trouble and expense of
getting produce to and supplies from market.
connection Of the Pacific and Shreveport roads near
the boundary line, should be entered upon. We are
glad the Pacific Direction has authorized Mr. King to
act promptly in the premises, and offered to sell or
loan the latter company sufficient number Of rails
to complete the section Of road west of Shreveport
In the Shreveport Gazette, Of the 25th, we find a
letter from DIR. Young, President of the yicksburg,
Shreveport and Texas Railroad Company, under date
of the Gath, from which we make an extract. After
correcting an erroneous impression that was abroad
calcp}atd to lead the public astray in regard to both
t6mf1 DR. Young remarks: 10y .t-ia
And, Sour Board have never contemplated nor
thoughsSf anything else ths. forming asennection
pies. For this purpose they are the work
In this parish with aH the means at their command,
and if the stockholders win pay up inaasancs their
remaining instalments, interest Will. h6 discounted
ing Of the road And il. the Texhs COMPANY wall
advance us the means Of going on fasterA the road
shall be built id the possible time and they
shall be compen IN 1aserest at liberal rate per,
cent. When this end Of tf road is finished whether
they shall aidus Or not, the iron rails and all the
materials for the construction of their road shall be
transported at prices that will just quit cost allowing
for the wear Of iron and machinery and its officers
will Of course have the usual courtesy Of afree ticket
When any portion of their road is ready to be opera
ted, business connection will be formed which shall
fairly divide "a profits between the two roads. These
views were suppressed by the undersigned to Mr..
Yergef the Presidential the Southern Pacific Railroad,
in New Orleans recently, who said that they were
entirely satisfactory and all that could DO asked.
From the same paper we clip the following edito-
rial item concering the Pacific road ,s,,5.5 .IE 4
Steamboats, from New Orleans come loaded to the
guards with iron for this road This is but the begin
ming Of the work, which it will take years to accom-
plish. The completion of this great aorta of COM
merce will put to the blush all enterprises of similar
nature. For all coming time we shall receive upon
our wharf the cargoes of railroad iron for this and
branch roads. The company intend building tenn
porary track from Swansols Landing to their termi-
nus, distance of eight miles, which will enable them
to build twenty-five miles Of their road and secure
their charter before the Vcksbrrg road is built to the
Texas line. Only two boats were able to reach
Swanson's previous ito the fall in our river Several
steamers have succeeded in getting high Albany
their cargoes will be taken to Swanson by barges.
It will be from the foregoing quotations that
the prospects of two of great Southern railroads
extremely attering, and hefuture OF the otheris
our readers are aware very encouraging. Push on
the car of progress with redoubled energy. A few
years will work wonderful revolution for the better
In our domestic affairs.