New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-10
MlsslsslpPlVl VALLEY NAVIGATION COMPANY
New Orleans Bound to 60 Ahead.

shannon was called to the chair, and Mr..
George Forstall was elected Secretary.
Captain DeHaven being called on for re-
port of the progress of the plans Of the
steamers and of the success of the Missis.
sippi Valley Navigation Company, stated
that the plan was indorsed by all the me.
chanics of the Mississippi Valley. 1t has
the Endorsement Of the commercial com.
munity also. He had gone abroad and
raised many thousand dollars. He had
not drawn on this city for one dollar. The
commerce of this city is day by day disap-
pearing, The interests of New Orleans de.
mand that appeals should be made for its
restoration to the natural channel and that
the transportation of the Mississippi Valley
should come through this city. This COM
pany has the plans that will bring the great
cereal trade to your doors.
OF the twenty-four thousand dollars sub
scribed let ten per cent be paid in if not the
whole, and the company can raise money
on the stock. There is yet a chance for
New Orleans to be saved. Some of the peo-
pie here seem to look upon it as foregone
conclusion that the commerce of the Cres-
cent City is bound to disappear. If we can
have the proper impetus'at home this COM
pany can raise thousands of dollars abroad.
The proposition is indorsed here by the
Board of Underwriters, by the Chamber Of
Commerce and by many sagacious business
men. #H f H Ha
Captain DeHaven called on General M.
JEFF Thompson, who said he had differed
with the former in his plans all along and
differed with him now. The company did
not want sympathy. 1t wanted subscrip.
tions to the stock. But Captain DeHaven
has got the best boat that floats the Missis.
sippi. The trade of New Orleans will take
care OF itself. That boat will make
more money, carry the most freight and
burn the least fuel. The trade of the North.
west will come here. That boat will bring
freight three or four cents less than any
other can.
The levees will be built to Cairo, and a
levee railroad will be built on each side of
the river, from Cairo to New Orleans, not
within ten years, but within three years.
Fancy steamboats, will then be no longer
wanted. The editors here are carping at
the little two millions of city money and
driving two millions of people away by the
idea OF an immense city debt. Iexpect, he
said, to see five hundred thousand people in
this city in my day. l expect to go from
here to MaZatlan, Mexico, one of the best
harbors on the Pacific coast and back by
rail in six days, aud that within six years,
That boat, on Mr.. De Haven's plan, will
pay thirty per cent month, not thirty per
cent year, if she is not painted too high.
If that boat is managed properly it will pay
any per cent its owners may be disposed to
make it pay. The combination of cabin
and hull is such as no other boat possesses.
/ do not he said, despond of the future of
New Orleans. Commerce will grow, people
will get boy children and New Orleans will
go ahead. (Laughter).
Captain Rogers explained the difference
between the port charges here and else
where. His experience was that it costs
here $4,000 fo- every thousand tons that
enters and leaves the river. What costs
$4,000 here costs $4,000 in New York, $4,000
in Boston and f1500 sterling in Liverpool.
General Thompson explained that the
towage, pilotage over the bar, screwage,
compressiug cotton on the ship, and steve
dorage were open TO competition. These
are all included in the port charges, for
Colonel Florence took issue with General
Thompson, and maintained that Captain
DeHaven was right in asking the sympathy
OF New Orleans business men. Ii freight by
his boat be reduced, it reduces prices to the
consumer and induces shippers to send by
this line. But if the boat eXacts the full
rate, to make money for the stockholders,
there is no inducement to ship by it in
preference over any other. II business men
can invest in that boat and make twenty
five per cent on their capital, their interests
will prompt them to take stock. 1.5l ... n
General Thompson said he had tried this
thing of sympathy for fifteen years to no
purpose. We must appeal topersonal inter-
ests. This boat will make every man rich
who puts money into it. Captain DeHaven
has taken the idea that he is trying to save
this country. He is not doingit. tried to
do 1t and couldn't. Laughter. New Or.
leans is going to grow up anyhow. If Cap
tain DeHaven don't build this boat some
body else will.
Mr. Shannon being called on said if this boat
will bring freight for less cost than others
Of course 1t will pay: 1t is an enterprise
that is important To the city Of New Orleans
and the State of louisiana. This enterprise
wants practical aid rather than sympathy,
Mr.. E. E. Overall, of the Crystal Springs,
(Mississippi) Argtts, was called out, and
said that Louisville was stealing our trade
away on account of the high railroad tariff.
Captain De Haven said the reason why
this boat will pay when others will not, Is
because of her speed, economy of fuel, aud
diminished cost OF Insurance. 1t is for us to
show that this plan will pay when others
will not, and we can do it.
General Thompson said New Orleans is
going ahead and the people are Coming to
the conclusion that no man can stop IL.
This is the only big republic in the world.
and it is bound to grow. The people are
going to force prosperity on the country,
not Radicals or Confederates. Mr. Higby.
a radical Radical. came here from Wiseon,
sin and spent $3.50, 600 in building a grain
eeVa.or. Politics must give way TO busi
ness. Ii man persists in being a Radical
Republican at the expense of everything
else. he would compel him to picket the
northern boundary; If he persisted in being
Q radical rebel and nothing else, he would
compel him and others like him to picket
the southern boundary of the United States
and keep all these bitter politicians away
from the heart of the people.
The following resolutions presented by
General Thompson were uDanimously
adopted, after which the meeting adjourned.
subject TO the call of the President:
RESOLVED, That we are satisfied that the
owners OF steamboat built opon the plAns
proposed by Captain DeHaven, will not only
benefit the trade OF New Orleans. bv chean.
e. IN the fr light on Va ste N prodtice, but
will also largely pay the Stockholders. = 4
Therefore. we would solicit those desirous
Of apronta0le investment, OF In tel esteti In the
prosperity of New Orleans, 70 silDst,ribe 10
the stock in the Mississipni Vaiia,, Na,,ie,a. .