The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1871-10-28
The New Orleans, Mebile and Texas
Railroad.


The New Hampshire Telegraph, a lead
ing journal under the above caption refers
to the advertisement of the eight percent
first mortgage bonds of the New Orleans,
Mobile and Texas Railroad. They are
offered in the Northern States, and will
be rapidly purchased for the stock holders,
and men of large capital and the road is
now completed from Mobile to Donaldson
Vile The section between Donaldsonville
and Vermillionvile will be finished in
few months, from which place the branch
road to Shreveport will be projected.
We append the remarks of the Tele-
graph:
A great deal of money has been invested
in railroad bonds, during the past few
years, and it is claimed by statsticians
that such investments are among the very
safest that are offered in any line Of busi
ness. The country needs the railroads to
open communication between the prodn
.ing regions and their markets, and the
country, thus supplied with transportation
facilities, gives profitable employment to
the railroads and reimburses the outlay in
their construction. Of course there is a
difference in the security offered by differ
ent roads, but where the location is good,
the distrcttraversed needing the road, and
there being no damaging competition,
where the Company building the line is
strong enough to carry the enterprise
through, and where the amount of the
bonded debt is small, the safety Of the
bonds may be considered assured. Especial
attention is being given now to the South
and the Southwestern States. Emigration
is now pouring into Texas as it has for
many years past into the Western States.
Texas is vast empire of itself, and has
calculation, Railroads must be built to
convey the enormus products cf the State
to market. A great trunk line, which is to
extend from Houston to New Orleans and
thence to Mobile, distance of Ats miles, is
being built by such northern capitalists as
Hon. L. D. Morgan, Hon. Oakes Ames,
Hon. John A. Griswold, Messrs. Morton,
Bliss & Co, j. & W. SeIigman & Co., L.
Van Hoffman & Co., of New York, Ben. g.
Bates and Page, Richardson & Co., of Bos-
ton, and other leading bankers and bust
ness men. The stockholders have already
paid in and expended upon the line about
ten million dollars without offering stock
or bonds to the public.
About two thirds of the road has been
built. and having thus shown their ability
and determination to carry the work
through, the Company now offer for sale s
per cent mortgage bonds upon the Louis
lana division of 226 miles, which can be
bought at 80 aud accrued interest. At
this rate they are very profitable, while
their safety as an investment is put beyond
question by the immense amount of traffic
which is assured to tire road as soon as it
can connect New Orleans with the Texas
country.
LAW MUST BE V1NDlcArED.-1s is full
time for our community to teach the bravo
and tte avenger of his real or imagined
wrong that this is civilized State. The
knife and the pistol are too commonly the
adjusters of personal quarrels, and solely
because of the prescriptive impunity ac-
corded class of desperadoes, which We
tiattered ourselves had passed away for
ever. II the man who takes human life
nnjustifably, be his social stains low or
high, is held for impartial trial by jury
of his peers, drawn with single eye to
the VlndicatlOn OF )ustlces numerous as
saults, open or stealthy, will cease. Other
wise, even the most inoffensive will have to
carry his pistol and knife to defend his life
alike against the assassin in broad cloth,
who vindicates character by shooting down
without warning, and the thug who takes
life from tiger-like thirst for blood, and
an assured sense, from years of immunity.
Of the corruption or indifference of the off
GERS of the law Picayune.
Mr.. A. T. Stewart, the New York mer-
chant-or merchant prince, if you willis
much more liberal hearted man than