New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-03
THE oPELoUsAs RAILROAD.

| In our columns will be found an advertisement
issued by President VIM. G. Hewes of the New
Orleans, Opelousas and Great Western Railroad
Company, wherein are offered for sale the first
mortgage eight per cent construction bonds of the
company for 81 100000, bearing date April l. 1859,
which are now put into the market as it is desired
to contract for the extension of the road from Ber
wicks Bay to Opelousas, and circumstances are
such that contracts now be made on very
favorable terms and such conditions that the work
will be rapidly advanced towards completion.
For eventual payment of these bonds the secur-
ity is ample. The division mortgaged is a com.
plete road in itself in all respects requiring no ex
tension or further outlay and being in separate and
distinct operation in connection with the Texas
line of steamships. Thus the availability of the
security, and if necessary the separate ownership
of this division, is complete and perfect The con.
tract for the punctual payment of the interest is
all that can be asked or desired and that for the
gradual redemption of the principal insures full
payment at maturity and continually augment
ing security to the holders of bonds.l
Not only should the large Importance of this
road to the trade of New Orleans, the consequent
Improvement of the value of property and increase
OF the public revenues, exercise their legitimate
influence in inducing citizens to regard fayorably
the negotiation rendered. and to aid in the prose-
cuton of so great and proper an enterprise but
the immediate character of the operation should
ensure their action, for the terms on which the
bonds can be taken give the holders the best Sc
curity with the highest rate of interest.
The route of the road from New Orleans to On
elousas is one hundred and sXty-fve miles in
length, and it traverscs IA portion of the State
bountifully favored by nature with every advan-
tage of soil and natural aspect. The distance
from Opelousas to the Texas line is but ninety
three miles, and through country unusually well
adapted for the cheap and enduring construction
of the road, the building of which will entitle the
company to the possession of Cos 900 acres of land
recently officially reported to the Governor of the
State and to the company as enuring to the road
under the donation act of Congress of June 1856.
1t Is estimated that onehalf the prospective value
OF these lands would pay the whole cost of the
construction of the road, as they are exceedingly
eligible and favorably located. When completed
TO the Sabine the road will be two hundred and
fifty eight miles in length and, at fair and reason
able valuation, will, with all the depots, wharves,
rolling stock and other property, be worth SC OOO
0oo and will yield revenue the extent of which
the business man and any intelligent reader ca
torn an idea of, for the road will be the trade and
passage channel Of vast and well settled reoion
OF largely productive country 1t will be the great
Western arm of New Orleans stretching ont and
grasplng the immense and essentially important
trade which we look to from that direction.