The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-20
NO eRArUfTY.
4 Good Movement.
Che yew Orleans Pacific Railroad.

Che Yew Orleans Pacific Railroad.
The great difference between che &fesen
mode of building tie railroad to 1ex,s ant
the plan of the New Orleans Pacific. by con
tributions or subscriptions or OUT own eiti
zsns, and previous schemes. Is chat the a1t
extended by the State TO these latter PLAN
was pure gratuity for the benefit Of bond
holders and spectators The contributor
received nothing in eetum, whereas, Vnde,
the New Orleans Pacific plan every sub
scziber will receive o certificate Of stock.
script, which must have . market value. &C.
cording to the earnings Of the road!
No one can doubt that the road ~heA CON-
pleted must prove . paying one. Without
the heavy draft for interest on bonds, and on
the economical plan on which 1t Is conducted,
the most skepticsl Of the pfoftsbleness Of
railroad investment must see that fhis road
will prove largely xemuneYa6va, end that Che
subscribers to the stock will aos oply be COM
pensated in the gast increase al cur tsade and
all our resources, and in che stimulus TO in
dustry, but that their ingesfmenS Vill Be as
secure and, we doubt not, Is eemuoesatise O.
any they could make. thus yiII che easn-
ings Of the foad be kept ct home. instead Of
being sent North % abroaS % sve1 the
wealth of foreign capitaaista
That the road can be constructed gith che
means Of our own people has been demon
strated to the satisfaction OF all practical
minds; that the present management are our
own citizens, who have no interest in The sue
cess Of The enterprise apart nom che common
interest of our whole population. whe com:
prehend our situation and vhs have adopted
. plan eminently practical and economical.
Need We multiply words Go infofce these
Propositions, or the necessity and duty Of
every citizen to embrace the opportunity Of
evincing his public spirit. his thrift and good
sense by helping shis poble ana greatly
needed work.
The people of Cincinnati cheeffully sub-
scribed tea millions OF dollars for . road
which does not reach their city. but which
penetrated far Sodth, and would secure to
them great increase Of trade with distant
portion Of the country. They wisely appre-
ciated the necessity of repairing the losses
the withdrawal of the trade in the Northwest |
by the prodigious enterprise of the far-seeing |
capitalists, who built up Chicago with such |
marvellous rapidly, by railroad enterprise. |
Hence they, the Cincinnatians, with such |
and in SO liberal spirit of
prompt sacrifice and wise providence, came
forward to extend their railroad connections |
to the Southwest. and thereby more than
compensate all their losses in the North
west.
New Orleans is in precisely this situation.
The larger resources and greater enterprise of
other cities in the Valley of the Mississippi
have enabled them to invade the dom in
once our own and to draw off an immense
amount of our trade-and they are still strug-
Cling to extend the area of their conquests.
Without vigorous resistance and devoted ef-
orts on our part to hold and extend the area
which kind Providence has assigned to US,
hose ambitious and enterprising communi-
les must soon displace us and reduce New
)fleans to o mere shipping port, dumping
'lace for few bulky products, sent here
merely for the convenience Of shippers and
xporters. What good citizen could contem.
late such result without deep sense of
humiliation and of despair.
1t il result that can only be prevented by ,
he prompt contributions of all citizens to i
he extent of their means, even If they have
0 pinch what they may regard as necessary
0 their present comfort and existence. The !.
uccess Of the only enterprise now in course
+ prosecution to attain this object depends :
pom the amount Of these subscriptions Of
M own citizens. 1t can only fail by their
lck of the qualities without which no city
10 grow. prosper, OF, in fact escape eventual
nd rapid decay and ruin. 1t