The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-20
no! FOR TEXAS!

We are more than gratifed to learn that the
Factors and Traders Insurance Company
has subscribed $4,000 to the stock OF the
New Orleans Pacific Railway. This &C.
ton was what might have been expected from
a COMPANY so noted for its liberalify and
business sagacity, and will, we doubt not, be
followed promptly by our other insurance
companies just SO soon as absent officers re-
turn to the city and their boards can
be convened. The Sun Insurance Com
pany led off handsomely in this most
vitality important matter to New Orleans by
subscription of $4,000 the Factors and
Traders follows suit with subscription OF
$4,000, and we hope soon to chronicle the
cheering intelligence that not only every IN
surance company, but every clearinghouse
and every large and wealthy corporation has
subscribed with equal liberality toward the
only really practical and promising Texas
railway scheme which has been projected
here for many years.
There is peculiar satisfaction in further
ing and actively assisting this railway, for
there is in the composition of its directory
and in the character of the gentlemen who
projected it absolute assurance that every dol
lar subscribed will be applied to the object in
view. It is assuring to know also. that at this
moment there are five hundred and forty men
hard at work throwing up emblnkhents and
making the roadway over which will ere
long be brought to New Orleans
large proportion of the trade which IS now
seeking other and unnatural channels. We
are informed by the earnest and energetic
President, Mr.. Wheelock, that contract has
been made for cross-ties upon exceedingly
favorable terms, and that with the present
fine weather, rapid progress will be made upon
the work. There is every reason to believe
that the road will be carried forward
triumphantly over every obstacle, and
we are glad to see thorough ap-
probation of its importance evinced by our
people, We know of nothing just now which
should 80 thoroughly arouse the enthusiastic
support OF the people of New Orleans as this
railroad, which means renewed prosperity and
life, and the completion of which will mark
new era in our commercial history. Every
precaution has been taken to build the road
upon sure and solid financial basis, and
the rule adopted that no! a single bond shall
be issued by the company until sixty miles of
the road are built and paid for, is conceded to
be an eminently wise provision, and one that
will give capitalists and the public at large
confidence in the enterprise.
Another excellent provision is, that no stock
shall be issued until it is full paid. We con-
graduate the management upon the foresight
and sagacity thus far evinced, and congratulate
the community upon the cheering outlook for
the early contamination of desire which has
been so earnestly INDUCED in by every we'll
wisher of our city-ths desire of railroad to
Texas.
Let every one of US bend our energies to
the furtherance of the road; let US give what
we can and encourage our friends to take an
active interest in it, for it will benefit the en-
tire community and restore to our city some
thing of its pristine prosperity.