New Orleans Republican., 1873-06-22

A CARD.

The business Of the railroad from New Orleans
to Mobile, will be conducted in future by the un-
dersgned, under the name of the New Orleans and
Mobile Railroad Company, and the business of the
road the west of the Mississippi river, under
the name of the New Orleans and Texas Railroad
Company.
The functions Of the undersigned in connection
with these roads those OF agents and trustees.
By the terms Of their trust they eDjoned ''to
An efficient. sound and economical administration
of the property and franchises" and to render "a
full and honest account to the benefciares Ci this
trust"
Consistently with these duties, all facilities and
conveniences will be provided for in :le.r uas.
agement.
In reference to measures for the completion Of
the western lines, which depend but little upon
their personal agency. they must speak with eau.
ti0n and reserve. Whether the work VII. be re-
sumed with readiness and prosecuted with vigor
depends in some measure, upon the comm unite
interested in the enterprise.
The corporation has constructed a railroad from
Mobile to New Orleans at cost Of about ST 900 900
without any contribution to it by any State county
or city through which it passes. The route was
difficult, steady and uninterrupted labor unattair
able, and the entrance of the road into the eties
was opposed like an invasion of public enemy in.
etc8O OA Ttc0iNlIiS ITItuuly WtlcOmes
This work has not been remunerative: brt it,
large cost has subtracted but little frem the cspi.
tai Of State, city or citizen of the State.
The Western and more difficult route was Iib.
orally endowed by legislative enactments. On
that line there about seventy miles completed.
For the present the work has been suspended.
The State securities obtained by the corporation
have not been available for the purposes Of nego-
tlatiOn to any important result The cause of this
it is not necessary to consider but the fact 10 in.
disputable. 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 or, at the most less than two
amounting to about 100000. on the issue OF what
is termed subsidy bonds.
1t is not fair to say that the two hundred and
ten miles of road, costing about eight millions OF
dollars have been assisted in any appreciable de
gree by State aid or endowment. The rights OF
way and the depot grounds in this city have been
used to some extent. and have been improved at a
heavy expenditure, and upon which taxes are paid
to State and city, under constant and bitter lit
tion and vehement denunciati0n.
Under such circumstances, the work of reorgaIj .
zation of the affairs of the company takes pace.
A friendly hospitable, earnest spirit Of co opera.
ton in the community would have much inf uencs
upon their deliberations. more artable ap.
probation of the efforts that have been made with
disposition on the part Of the community 20 as.
sumo and bear fair proportion of the peril, bur.
den and cost Of the enterprise would do more.
The undersigned have firm BELIEF that were =
| helping hand and friendly speech. cordially be.
slowed by the communities Immediately interested.
in these measures, they would effect far more 20.
ward their accomplishment than a spirit Of re.
proach, elimination. or angry opposition.
None can doubt that their acoomplishme,. wo. ID
tend greatly to the prosperity of this State and th
city, and for the development Of the ma.era. N.
terests Of the great southwestern portion ii :L,s
country.
HENRY J. GARDNER.
PETER BUTLER.
ie212t2p Tr1..ee.