New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-09-01


other roads from Increase travelling began to
the attention Of cay and discreet capitalists The mpr
liant feature in the railway system has that brought
and carried ont in Of the large cities NewYotE Ph
depha and Cincinnati From all information before these
city roads are being highly approved and after long period Of
tneuIer oppositonhe system approved by
the authorities Of our city.
During the past city authorities have authorized the
construction and building Of railways through of
nnen streets and thoroughlres The rights and privileges
were granted to private Of citizens for the space and
term of twenty-five they agreeing I'd pay for the the
Of Sl30O The grantees have with several subscrber
additional associates-organzed and formed association
under the style Of the City Railroad Company with capital of
$1,000 Oldest staunchest and wealtiest ci
connected with the undertaking 1t is not supposed the
entire capital of the Company 81 00 will he absorbed the
undertaking, tile present proposed routes streets, leaving
the question open for extension and include
The hos in its charter the privilege
crossing the amount of the capital stock 81
proposed routes II presumed will he taken into consideration
but the result of the interests will awaited
an enlarged sphere Is entered Into.
The Mexican Gulf Railroad, which Hcorpora in the
1881 and rcncorporaed by Legislature III l8i
TO endure for fifty years. and subsequently becoming the pro-
perty Of one ndyduatle late Alexander orI0n-ho done
great deal for the opening Of direct trade and foreign inter
course with Europe for Is we'll remembered that through his
eSerons and industry this road carried through and the
British Government for year ordered and allowed its mail
steamers TO to Ship Island Hntlor, mails
sengers ard light freight 10 and from Mexico, British We
unication for more direct with the above places via
ls road Neglected and apparently discarded has been
iof years by capitalists is gratifying that we can Rt THIS time
say brighter day appears for IT, AS the only direct and speedy
communication with the Gulf OF Mexico the habos OF Cat and
Ship Islands with intimate connection with Mobile and
the Florida ports in the Gulf merits the highest consideration
This roa with all IFS privileges franchises and rights has re-
Gently passed Into the hands of new Company the managers
which have had experience In railroad affairs and now APP
pears as candidate Tor the patronage and favor OF the public
aer he style oil Tue Mexican HN ana southeastern ilroad
me Southeastern Railroad was Incorporated by the Legislature
IN 100 to endure Tor my years Inc transfer Of inc ola Mex
can u oad having been completed the new association intend
push on m extension Of ts road !" what = termed Sihe NUE.
bayou distance OF forty i've miles from the city and within
heen meSiF Inc villages on the opposite SIDE IN ne State
oi mississippi.
ing DINER great afthca artery q communication WIN ihe M
terror ana WIN the Norm ana wesS3 inc ana Great
Noitern hniroa-ha pfo'eu islS successful TIE ohace'
anVe'paohs OF 'he "hs""' projectors nave oeh more la
realized This road Is now open direct TO Canton Aiss-ds
lance 40 les 'on1''s "'tn o'ef foaa7 IRON idt pom
give intercourse Mna communication 10 al parts oil tue In9g
e"' u 'n se' i,7,,l W. NV 'a'i ,' - t'S''eto
Y pa,' W lN''e, ~ A." :, ~, u
'''', e'''7 M 9i' Sl' Sele, ii9' ~ .. ~ wv
we'' "''"'' e"r'''s ''7'S, lucy mug We eS''a'" ~
~i,Sn p' exceeds Tue o. ' most aeN''ea i''clS
m "pel2aaS o great "sstetn Nfohl y progressing Wl'h
NJ 'e a''y ana energy "l.nh 'e SCOPE 81 he Resident an"
directors OF tue Company Inc earnings ' e roaa nave "iso
eAceeoed t"e moss sasi"e tNPt' i"ns ot e P""ic II ~
however, only IN ils ''ohes' - requires 'e leNH uAi ~ u
~, y p' ei."'ss y '''o"'e ''a , '"e ei
cEert1cie7s' W1ef an 'ho u'et winch II '"oo
ana s Deen subject To- Is eohosny oeheNeu VIII be com
peel 70 7@0lhe fHss W we c'se OIL Tue year 1851.
~ aihent ot ing PUBLIC o to"e VINO are merely lockers
on 10 conceive or she tue troubles RNetes anu epleNues
which the directors aud managers Of both these two great and
'hPVF"'' nave HheEoe' INC te'tfh van also
apply To all railroads incur vicinity me capital Of the jackson
Railroad was originally S8Hl0a The capital OF tic opeonsaS
Railroad sGO9 hut neither have been fully paid up The
future for them looks Rnspiciously,
The Pontcnfran Railroad GomDanyone Of the Oldest in
tic United States being tie third organized and incorporated in
the s0-a been productive Of good returns s0ckhGd
ers for the last having paid dividends TO the amount OF Sc
Get
The Carrol'on Raroad Company moves along in lis DID,
slow and easy manner giving to the community communication
with Lake Poncharraio through the parish Of Jefferson and
IN the way of transportation Of freight for the Mobile and oda
trade steadily Increasing in Importance and earnings Though
~ dividend has been paid 10 the stockholders since the
year 1858 they, is presumed hold with the hopes
they may ere long have full benefit
We did the Vicksbure and shreveport Rail
rosl-ihe Monroe Ouachita Railroad Comranybut
deprived last yearly of these
roads. The railroad, in Texas progressing fayoaby
connection with the 0pelousas Railroad will in all pro
liability completed by the year 1862 perhaps before
tie meantime Pacific RalEoad-S0ulhern through
Texas-fs sight Of progressing under all the re
sources much have to say 10 raroat
System 50 fayorably inauslraed in lie Pelican State
For years past TO record the high standing th
sody promptness attending the dealings
s s s q se e .a S f
finance for without Dr. d e
stroyng elements OF fire hurricanes and storms where wou
be social or general safety aud without arautees fon
freedom from fear without protection from losses without en
guarded from peril danger in what condition OF how coul
the commerce he carried on without ASSOCIATIONS
underwriting otherwise insurance companies An In
merso money way Of premiums of insirpuc
has from city during The last lty i've yeat
hy foreign companies True companies haze paid arE
losses many insurance companies after he year s
10 1874 forced into bankrupcy-plnced lQuIatiJng
mich, perhaps for the weldeined system
Quoting urge losses nndcrwrttcl at much ia
- low rates of premium which the ranriqfci AN
financial FABRIC Within the last decade of wears a,g mod
I a, ent4a d;N.rcn systcn r,r az , IN
dure in our mid,t borougttv tested and tried So te %
bova noxg ho,,. sec,-itv mud ,s6i.co NJ M, t
ehafaeterarptftltly annie for nil wants Ncyebelc ii
III steady exnRuou Of nr commerce aid trade warrants yec5l
increase of these protective associations 50 a we ave now
hsh Standing and 10 irsRp,
p,rtosas The most of them with large and rlcjrfcd capn
and assets holding The highest credit meeting losses ponp
mud faithfully n5.sassng l thu Ie.es far uidir and vi
t,i,rs .b ,,rca mud r,i5btt trole of t,s 70,
,1,a a. o,,.t,o- ND r5so,r,os ~ ,I,. f - al,
ii .i.ia.. 49,, -, g,,.,a.sa3 ~, ,Io.ff -. .1 -
t, Is Il, IL, a,.,,,,i3, G,.,t ii 49, 1, =
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