The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-30
tories from 81, 357, 900 to the present annual

| HASSSA~s ~-NS~>
cost of about half million.
In reference to the second head he refers to
the great and rapidly growing demand for
cheap transportation which can only be Sc
cured west OF the mississippi, where water
ch lnnels are absent or inadequate, by means
of railways. He refers to the necessity Of
competition in the trans-continental carrying
trade, already too large for the present road.
although still in its infancy He notes the
development Of mining and other industries
in Colorado, Salt Lake Valley, Nevada and
other regions traversed by the Union, the
Central and the Kansas Pacific roads while
reliable records show that the mineral re-
gions of New Mexico and Arizona, to say
nothing Of Old Mexico, are certainly as rich,
If not far richer, than the country lying on
the now constructed line" He believes that
there will be ample business for the old roads
as well as for the Texas Pacific. He says:
With proper development all branches of
traffic must rapidly increase, so that, although
the Pacific roads may hereafter carry at a less
price, they will, by carrying larger traffic at
smaller profit, reap proper returns, and at
the same time greatly reduce the expense to
the producer and the consumer. In this con-
nectlon, 1t must be remembered that under
the proposed bill the government retains so
direct supervision Of freight and passenger
rates upon the Southern line that under no
circumstances can unreasonable or unjust |
charges be levied upon traffic through com
blnatlon with competing roads or otherwise,
or monopoly be in any manner created.
On the third point he presents the obvious
advantages to be derived by the now languish- |
ing and embarrassed Southern railroads from
the g entirely new traffic which must pass over
these lines" as soon as the through line to
the Pacific is completed. The road will open
a region suitable in climate and production
to the people of the Southern States and of
other countries, and will invite emigration.
He says:
Simple justice would seem to require that
the government should extend, if it properly
can, the same aid toward furnishing facilities
to the South which has been extended so
lavishly to the North. There is certainly
nothing unreasonable in this view of the case,
when we remember that only seventeen mil
lions have been expended since the organiza.
ton OF the government in the aid of Southern
improvements, while during the same period
have been granted to the Northern States and
Territories.
In support of the fourth proposition, he
points out the many advantages which must
accrue to Northern industries by means of
he construction Of the Texas Pacific Railway
md its proposed branches:
The mining of the ore, the making of the
Dig, and the working up of so many tons of
ails, all Of which must be made of American
ron or steel; the building of engines and
reight and passenger cars needed to operate
he line; the bridge and other materials
necessary for the road, and the grading OF the i
anne, will require an army of laborers, whose Ii
arnings and the money expended for ma
erals will enter into the channels of trade,
Emulate the industries of the North and the
Whole country, and go far towards inaugur-
ting return to our former prosperity h
The results Of the proposed road in in :
reasing the revenue are clearly pointed out
4 support of the fifth proposition, in sub
lance the same as have been urged by US.
The writer then details the proposition in Il
ended to be made to Congress- by the opera
on of which $3.50 per mile per annum is to
e asked for in the form of interest on S35,
90 in bonds at five per cent.
The remainder Of the letter, although ex- :,
eedingly interesting, must for the present
g dismissed without further extracts or com
tents. 1t is a thorough, candid and able
aper, which ought to have great weight with :
ongress.