New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-31
Southern Pacific Railroad.

We would again refer our readers who are
interested to the card of the agent OF this company
to be found on our fourth page.
The city of New Orleans, beyond all question, is |
largely interested in the success of this great
work. 1t is now on a basis and under such man
agement as promises the best results. There can
be no doubt of the completion by the lst day OF
August, of the connection between Shreveport and
MarshaIl-42 miles-with 20 miles graded beyond.
With this highly remuneratiVe az miles in full
operation, with its land grants and the indorse-
ment of its bonds to the extent Of 5000 per mile,
which by authority Of the late State convention,
the legislature can give, we cannot see why,
under its present efficient, energetic and economl'
cal manag cement it cannot go ahead speedily.
We learn upon good authority that planters and
others in the section Of country through which
this road passes are abundantly able to take stock
and help to build the road. One gentleman Of
high character, and in position to know the truth
Of what he afirms, says that within not large
district with which he is familiar there is held in
idleness no less a sum than $6O00OO in specie.
Planters, as q rule, are slow to engage in the
building of railroads, though they may, as they
always do, promise to add greatly to the value of
their real estate. This was especially true when
they could buy negroes. Now they must look out
for other modes of investment, and if encouraged
by our towns and cities, they will take hold of all
meritorious enterprises with will.
Let them see that this great city believes now,
as it did formerly, land there is no reason why it
should mott that this is the greatest enterprise ever
engaged in by the South, and they will freely aid
in building it across the State of Texas. The agent
Of the road in New Orleans, Mr.. H. S. Fulkerson,
permits us to speak of a matter which We think it
is well to make public. When the road was sold
by the sheriff of Harrison county, Texas, under
judgments of the Texas courts in Sept, 1861, he
became the purchaser. Without remuneration
or reserving to himself anything whatever, he i'm
mediately formed a board of directors, with the
stipulation, before making conveyance of the road
to them, that all Of the old stockholders, who had
paid into his Office, in 1861, the one dollar pei
share called for, should be recognized as stock
holders in the new company without further cal
or assessment, and that those who had not done 81
in New Orleans should have the privilege. Th
was as much the wish and determination of tht
board as Mr.. Fnlkersons, and they have faithful!
/ carried out the stipulation. Stockholders viii
remember that the privilege accorded to them vii
be withdrawn after the lst ofJune.
s---
The CONFEDERATE RECoED.-Mr. William L
LtoulhSOui hillouASSS5 III ouA si9LS CO4NAAine
a historical design, which, if he is able to accom-
n plsh all he purposes, will be compilation 0
4 great public interest He proposes to publish
sketch of the military career of every Louisaniar
# living or dead, engaged in the late war, and tn
!. work is to be embeshed with steel engravings o
ID the ladies of this city who were prominent i
,. aordpg relief to Confederate sick and prisoners
e The details of the project are fully explained
n the advertisement, by reference to which it will
!. seen he invites correspondence from parties pos
.. sessing the information needful for the compile
% | ton.