New Orleans Republican., 1873-06-24
4 CARD.
p. q. DESLONDE.
Secretary ~ EtsfA
.ie2" I'm ep

The business Of :!.e railroad from. Sew Orleans
TO Mobile. will be conducted in future by the m
dersigned under the naIne Of the New Orleans and
Mobile Railroad Company. and the busne IS Of the
road on the west Of tie Mississippi river, under
the name OF the New Orleans and Teas Railroad
Company.
The functions o: tile undersigned il conuec ton
with these roads those OF agents and trustees
BY the terms of tlelE trust they are en- oined 'to
an efficient, sound and economical ADMINISTRATION
Of the property and franchises" and TO render "a
full and honest accoU: 20 IL. beneiciaries o: this
trust
Consistently with these duties all facilities and
conveniences will be provided ior il :hei: nan.
agement.
IN reference 20 measures for the completion o:
the western lines, which depend but little upon
their personal agency, they must speak with san.
ton and reserve. Whether the work will 5e re
sulned with readiness and prosecuted with vi5or
depends. in some measure. upon the comm .,.i
interested in the enterprise.
The corporation has constructed fai'roae from
Mobile to New Orleans at cost of about Sc oDe 600
without any contribution to it 10y any State county
or city through which il passes. The route was
difficult, steady and uninterrupted labor una .,.
able. and the entrance OF the road into the cites
was opposed like al invasion of public enemy e.
stet.u ci ItCeNIltE, iEicE'il: WccSlIlt.
This work has not been remunera!ive; bn. is
large cost has subtracted bu: little from the .a-
:al Of State. city Or citizen Of the State.
The Western and more difficult route WAS .b.
orally endowed by legislative enactments On.
that line there are abou: seventy miles completed.
For the present the work has been suspended.
The State securities obtained by the corpora.io:.
have rot been available for the purposes Of uego.
tlaton to any important result. The cause OF this
it is not necessary 20 consider. but the tact in.
Gisputable. The payments on these securities by
the State treasury have been insignificant.
No interest has been paid On the bonds given for
stock; nothing has been expended on the issue OF
bonds guaranteed by The State, and not more than
one years interest, at the most. less tlan two.
amounting to about sloo"0". Oh the issue Of wha:
is termed subsidy bonds.
1t is not fair to say .ha: tie two hundred and
Ten miles Of road. costing about eight millions Of
dollars. have been assisted in any appreciaie &c.
gree by State aid endowment. The rights q;
way and the depot grounds N this city have beer.
Used to some extent. and have been improved q: a
heavy expenditure. and upon which taxes are paid
State and city. under constan: and bitter .ts..
zion and vehement denunc!ation.
Under such c.rcUms stances the work O. :eo.ga, :.
cation Of the affairs of the company fakes pace.
and their future policy is 70 be decided.
\ friendly. hosptaDe. earnest spiri: OF co1,e:a.
zion IN the community would have IL uch int.Ue,c.
upon their deliberations. 4 more charitable ap.
probation Of the Efforts Il az 'a.. he. made " /.
a disposition on tie par: OF the community 20 s..
sumo and bear fair proportion of the peril. ir..
den and cost Of the enterprise would do more.
The undersigned have firm belief tha. we,. a
helping hand and friendly speech, cordially be.
slowed by the communities Immediately interested;
N these measures, they would effect far more %.
ward their accomplishment than :. spirit Of :e.
proach. elimination, q. angry opposition.
None can doub: :iat their accornpl. shu... wo
:end greatly 10 tie pros pert of this State and h
city, and for the Development of .he materia. IN.
terests Of the grea: soUtLweste-r. portion Of .!:s
country.
HENRY J. GARDNER,
PETER BUTLER,
ie2l2 T,r..e.,