The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-10-21
A RAILROAD TO TEXAS.
SPECIAL MEETING OF THE CHAMBER OF CON-
MERGE.

q SPECIAL MEETING OF THE CHAMBER OF con
MERGE.
J. A largely attended special meeting of Ii
q Chamber of Commerce was held last nigh
a for the purpose of receiving the report of tn
Special Committee, consisting of Messrs. I
Fl. Gardner, G. w. R. Bayley andiW. N. Blu
!, we'll, appointed on the 18th inst. to confe
u with like committee each from the Cotto
n Exchange and Merchants Exchange, to sue
r gest plan for the immediate Accomplishment
IL Of plan to secure a railroad to Texas
The meeting proceeded Immediately t
: business, and received and adopted the fol
t lowing
e REPORT.
e New ORLEANS, Oct. 20, 1874.
To the President and Members New Orlean
Chamber Of Commerce:
D Your committee beg leave to report, that il
answer to resolutions passed by this Chamber
on the 18th inst, they have met Msssrs. JOIN
l. Adams, W. B. Schmidt and Ed. Pilsbury
from the Merchants Exchange, and Messrs
from the Cotton Exchange.
The general committee has held several
meetings The primary idea of inaugurating
railroad to Texas by tax on the real estate
Of the city has been adopted
The committee have entire confidence in
securing large subscriptions from the mer-
chants of the city and from the parishes
through which the road will pass, have placed
the amount of aid asked from the real estate
Of the city at SO low figure as will, they
think, meet with favor, and at the same time
success to the enterprise.
The deliberations of the committee have
been marked by great unanimity of feeling
and opinion, and the result of the conferences
have been reached by unanimous vote.
Your committee have sought to protect this
enterprise from becoming the prey of other or
foreign companies, and prevent the possibility
OF the aid granted hereto being ever trans
ferred. abused or bartered.
10 this end, as matter of first importance,
endeavored to secure the names of leading
real estate owners and prominent merchants
who will command the confidence of the entire
community as corporators, and the active aid,
influence and supervision of such gentlemen
in the further progress Of the enterprise.
In this your committee report very 6attering
success.
The general committee of nine have con-
sidered and approved the provisions of an
ordinance to be presented to and acted upon
by the City Council.
report.
Your committee ask that its action thus far
be ratified and approved as the sense of this
Chamber, and that it be instructed to proceed
to the final issue of this effort.
L. II. GARDNER, CHAIRMAN.
THE ORDINANCE
reads as follows:
Whereas a joint committee of the Chamber |
of <ho IL.
Merchants Exchange have asked that a vote |
Of the citizens of New Orleans be taken at the |
approaching election to be held on the second
day Of November next to determine whether
the city will levy special tax in favor of a
railroad enterprise, under the management of
our own people, to connect New Orleans with
central Texas; and,
Whereas, it is of the very highest impor-
lance to the commerce and prosperity of our
city and State that such railroad should be
and it is considered that its oper-
alton will revive business and increase the
value of and add to the revenues to be de-
rived from real estate; therefore, be it
RESOLVED, That the Mayor is hereby author
lied and directed to make all necessary ar
for, and to submit to, the quail
lied electors of the city of the New Orleans,
At the forthcoming election on the second of Ia
November next, the question whether they
will approve, ratify and confirm the following
ordnance:
SECTION L. Be It ordained by the Magyar and
Administrators Of the city of Ne,c Orleans, That
'ald city will, for the purpose of encouraging,
'iding, and thereby expediting and insuring {
he construction of railroad to connect New $
orleans with Central Texas through the in
of strictly home or New Or {
cans company, agree, and it does hereby bind
tself to. levy special tax to pay, and pay the t
interest for ten years, at the rate of eight per I
ent per annum, payable semi-annually, on
wo and half millions of dollars of first
nortgage railroad bonds, as and in the man.
Ter hereinafter set forth and provided
SEC 2. That the following named proper
holders, and such others as may by their d
election become associated with them, are a.
ereby recognized as incorporators, whose +
rivilege and duty it shall be to organize or
omplete the organization of railroad COM
any, and to execute an agreement with the
lty, IN consideration of the aid hereby and d
ereln granted, to construct railroad to Cen a,
al Texas and this company so organized by o,
lid corporators, and no other, shall be the
ecipient of the aid herein granted and pro- 6
ded for. :. :.
VIM. S. Pike l. N. Marks, VIM. B. Schmidt u
ohm Henderson, Patrick Irwin, James ]. "
ay, John Phelps, J. C. Morris, L. H. Gard
q, IL ". oclAdS, A. W. DOSWOrtl, "A.
Alfred Mouiton, E. B. Wheelock, oi
A. Tyler, NJ. NJ. Simpson, E. J. Hart, O. III
:. karstendiek. r. S. Morse, Edward Conery,
Maspero H. S. Buckner, w. C. Black,
colt McGehee, John l. Adams w. NJ Bur ar
ell, Harmon Doane, w. J. Behan. J. Bow VI
n.y. Cyrus Bussey Am. Fortier, N. D. Wal ha
ce, O. Chism, A. Carriere A. Thompson, L. an
Cane, Jno. T. Hardee, John Chaffe, Victor cit
eyer, Bradish johnson, W. McStea, Robt. vo
arey, 4. B: Shepherd, Thos. Simms, Jno. re
Clay and B. F. Joubert. la1
Sec. 8. The said railroad company, the or bo
IMITATION of which is to be undertaken and wi
effected by the said corporators, shall open Ri
ock subscription books, and when $500, 900
stock has been subscribed for, the said a.
ri orators shall cause an election to be held ~
r nine directors, by the stockholders, and ~
e Board Of City Administrators shall elect =, w
rec additional directors to represent the DC DC
ty of New Orleans in said board. OF
Said Board of Directors after electing
resident and such other officers as thew NAV TT;