The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-29

Mt the time when gold was worth 2O0 ut n cost Of
$1,000 mile because great part OF the e1Hn
The Illinois Central earned s. so2 900, the At
s3.77o.ooo Kansas Pacific % AZ ooO, Missouri.
local traffic. and IL not heneilted one dollar only
from the State Of Texas. 81 the expense Of New
$4,000. Tho earnings Of the Houston and Texas
Central Railroad. for the month OF November
last year. was $4i2eA. equal to five millions OF
The Michigan Central Railroad $3.50 2is with
an expenditure of $2373.oo0 leaving s1,0OO.000
profit for, six months, or s2.ooo,ooo q year. and
and passenger tariff. Other railways running
from out Of Chicago in the same direction. and
mot twenty yn mics w hya s the they
| will show you what effect this has upon the
easo. Burlington and Quincy Railroad swort
to-day 1851 on the dollar. Tho stock Of q road
running out into Ohio in the same direction.
los. on the dollar. The Chicago and Alton HAIL
road. that runs in precisely the same direction
all these roads run in the same direction that
The stock Of the Illinois Central Is worth one
hundred cents on the dollar, or par There are
ye railways running M out Of the city OF Chicago'
Now No sI some 81 these railroads have issued bonds
which are worth; the Chicago and Rock Island
and Michigan Central loa. Chicago. Michigan
and Southern 1914, Chicago. Piitsburg and
Fort Wayne iia1s. Cleveland and Pittsbqrg 1919.
war. like all other enterprises In the South.
The Illinois Central declared u semi-annual
dividend Of four per cent. The Tcrre Hauto and
Indiana Railroad five per cent
These gentlemen arc sufficient TO show you
TINT these railways that were built vt time when
ii cost three times as much money to build rail
mi uf,,1tt q al ny mar M. NJ mar
III we take the earnings Of the Union Pacific
Railroad to-day. running through sparsely
settled country II would DC sufficient , to ply
organized in tho city Of New Orleans company
whom you have implicit confidence. who have
come forward with an enterprise which will
bring back to Louisiana and the city Of New Or
DOORS and which will brighton your counte-
nanees, bring back your commerce as In the
Not ono dollar Of this money shall be spent ex-
ccpt for the Legitimate purposes Of building the
| RAILROAD. To-day there are nearly 600 men
the %nS aS Sc miles
the present, spring months tho road will BE-
graded ready to receive the first purchase OF
| iron You have only to come forward and sup
port this enterprise according 70 your ability
| and II will DO an accomplished fact. There must
be no words backwards, but We must spend
| every dollar OF our resources that we are able In
the construction Of this great enterprise.
I know. gentlemen. that you have been de-
pendent heretofore upon public appropriations
wholly In the hands of people living away from
New 0rleans. Every onewllo engaged in rail,
road desired 70 make grand speculation. md
| which you are undertaking. you are the people
that are 70 be benefited y your property en- n.
haneing IN value ana to saord the people isi f
their land and products. .,.
Il will place them in proper competition with
aS ie that we now scesby tho CONSTRUCTION
OF this railroad. When this railroad Is com
pleted to some point in Texas we will there con
nect with the Texas Pacific Railroad running
through u vast and rich county.
| You lind here how Gal has been sup.
piled with the railroad interests. and we would
| connect with that entire systemof railroad which
has been served TO us IN the south In homeo-
paihic doses. while Tie North and East have been
them II args iop Sr t%e T. y
direct communications with the Pacific Coast
and New Orleans will be the city Ito receive the
from the shores of the Pacific. lApplapse.l
Gentlemen. there would be thousands Of PEG
pie coming here from p every Partpf the W?E r,
ger In New Orleans. spend their money here IN
the shape Of patr2nizing hotela. boarding
Of S would
benefited blythe transient travel thatwould pass
through the city. But how Is II To-Day? Every
traveller from the Pacillc.co goes by way oil
Had Chicago. when she was burnt out last, lost
her railroad connections. the whon town OF
| Chicago would not contain 10000 people. Moth
ing But railroads have made thcs towns OF
. The city of Cincinnati is to-day. andhas been
tas dd ah1es Ct 5 sn9%s
cations between Cincinnati and ChicagD. Now
every dollar OF that IL TO enrich the ste 81 Ken
, TO enrich Mississippi or Alabama. Putyou are
|, asked to enrich your own state ana thersby en-.
, | rich yourselves. lower taxation. bring IN
/, | emigtylion cause the building OF towns
bring Tper facilities that would make youl
State great and Prosperous not only I'M nu
Mace il II, 4 position OF prosperity that she has
newer achieved before. 7 have never fet de
, mouth OF the valley Of the most nsagR ifccptter
,, ritory on the face Of the earth. lApplaaSe.
we have only to reach out our arms and weeal
reach Mexico, Central America. South AMehci
and Cuba Countries p l @ayy " r.
NTississippi upon which / can Say ~ yOn u,
p deepcning of South Pass is fixed fact. then i,
will have all the necessary facilities, we Wi
ar&e from the State OF Texas ana f ~, hii the 2t
required by tie great country that lies all arouh
our shores.
C The committee ON yesoL} tions then announce
themselves In readiness to renort, and Mr. J.
: Laftte announced the following <esolution
which il was moved to be adopted rs o Who'll
The question being put
THE REVOLUTIONS
we're adopted unanimously:
III Whereas, the City Of New Orleans is the Oh I
, seaport 81 the Mississippi Valley. and has facl
, tiles for commerce with Europe the West Ii
i dies, Mexico, Central A4peyica and south Anne
. by those OF any other city IN our country. az
, are being epIRrged by the improvements at Y
mouth Of the riysrj and.
: | Whereas, Ii IL y naattar 81 supreme imposl
lance TO this city on the one hand. ana 70 u
| Valley OF Red River to Wesx6rn AFkAnSAs, 70 ~
state of Texas to the Indian Territory, TO Ne
, Mexico to Arizona. and to CalitornlQ OF On
, | other that New Orleans. as All emporium 81 e,
, mort and import. should be connected Nv n
: with some convenient point on the Texas "
4 cite road, and railway communication thus e
, tslsli,si,ed between her shipping and factories
and the States and Territories above nance
and .1,. ,,,,;oa.;o, u,o,ld in III
: oninion of experts increase the trade OF our cit
, to nm immense extent. enhance the value OF re;
! estate. and give faW1nerative employment
i our business. as well ne our mecalapics ana ~
laborers; and, =. a>
Whereas, at the present moment. IN c2pst
| ouence of the cheapness of materials. ra3lwa
.. ,x,s he constructed and equipped ut far lowe
, | rates u,ap prevailed prior to 1874; and.
, Where's. the New Orleans Paci flc Railway ma
been organized With the following advantages
Ii is controlled by q keass Of Directors 81
lected from among our leading CuSt ness men !;
4 It's affairs are managed with strict Rc2A my !;
II It's funds are disbursed only for the iegitls1A