The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-28
try through which it passes is very mountain

lantic and Pacific M,3s4.OoO, Iron Mountain
$s.770.0Oo. Kansas Paclile s3,2eT 900, Missouri.
down through the Indian Territory a distance oi
three hundred miles. from which 1t receives nc
local traffic and is not benefited one dollar only
from the State OF Texas, ut the expense OF Now
Orleans. and yet that road last year earned s2.-
940oO0. The earnings OF tho Houston and Texas
Central Kalroad, for the month OF November
last year, was $412,644. equal to Hve millions oi
dollars per annum for its net earnings.
The Michigan Central Railroad s3,373.21s, with
an expenditure Of s2.37s0Oo leaving $1,000 .oot
this. gentlemen is earned ut low rates Of freight
and passengeGI, tariff. Other railways running
from out OF Chicago IN the same direction. and
not twenty miles apart have oil the business they
can do; but l will not discuss these railroad
earnings.
stock q these. railways; The stock Of the chi
to-day isl on the dollar The stock Of road
running out into Ohio in tho Same direction
1854 on the dollar. The Chicago and Alton Rail
r9ad. that runs In precisely tho same direction
oil these roads run In the same direction-that
stock IL worth to-day 1915 cents on tho dollar.
The stock Of the Illinois Central is worth one
hundred cents on the dollar, or par. There are
aye railways H running out Of tho city OF Chicago
Now some Of these railroads have issued bonds
which are worth: the Chicago and Rock Island
Gh1faso ead Nqr,hwesern lo GhiGsso
and Southern 1oia.. Chicago, PIttsburg and
Fort Wayne 1l4'., Cleveland and Pttsburg loo
Iron Mountain 9s-that were. affected by the
war. like all other enterprises In the South.
The Illinois Central declared n semi-annua!
dividend Of four per cent. The Terre Haute and
Indiana Railroad five per cent
These gentlemen are sufficient to show you
that these railways that were built ut u time when
ii cost three times as much money to build rail
ways. their stock Is above par Or Or at par Data
settled country. 1t would be sufficient to pay a
dividend of twenty-five, per cont on raj way
organized in the city Of New Orleans u company
composed Of your own .citizens, gentlemen In
whom you have implicit confidence. who have
come forward with an enterprise which will
bring back to Louisiana and the city OF New Or
leans the trade which has been taken from your
doors, and which will brighten your counte-
4ances, bring back your commerce as IN the
Not ono dollar Of this money shall be spent ex-
cept for the Legitimate purposes of building the
railroad. To-day thero are nearly 600 men
grading the road, and about twenty-five miles
have been graded. and towards the BEGINNING of
the present, spring months the. road will be
graded ready TO receive the first purchase of
iron. You have only to come forward and sup
port this enterprise according to your ability
and it will be an accomplished fact. There must
be no words backwards, but we must spend
every dollar Of our resources that we are able in
Tho construction Of this great enterprise.
know, gentlemen. that you have been de-
and upon railroad schemes that have been
wholly In the hands Of people living away from
New Orleans. Every one who engaged in rail.
road desired TO make grand speculation. and
ultimately sell 1t out. But this Is IN enterprise
which you are undertaking, you are the people
that are to be benefited "a ~ y9Er ,h pro5ery
all along the line OF the road q double price for
their land and products.
II will place them In proper competition with
tho rest Of the country. and they will have all the
advantages that we now sock by tho construction
Of this railroad. When this railroad is COM
nsed& & f Ss sas PATHS 9Ss ydad h1rs
through q vast and rich country.
You find here how Galveston has boon sup
piled with the railroad interests, and we would
connect with that entire system Of railroad which
has been served to us in tho South In homeo-
pathic doses. whj the North and East have been
receiving them IN large .allopathic doses. We
may then naturally expect in short time to have
direct communications with tho Pacific Coast.
and New Orleans will be the city to receive the
immense transfers, and traffic that viii come
Gentlemen, there would be thousands Of poo
pie coming here from every part OF the world.
by way Of the Pacific RAILROAD, who would lin
ger in New Orleans, spend thoir money here In
the shnpd of patronizng hotels. boarding
houses. hackmen, shopkeepers, etc.
Every conceivable branch Of trado would be
benefited by the transient travel that would pass
through the city. But how is II to-day? Every
traveller from tho Paciiicscoast goes by way Of
Chicago.
her railroad connections, tho whole town OF
Chicago would not contain 10000 people. Moth
ing but railroads have made those towns or
The city Of Cincinnati is to-day. and has been
for the last three or four years, spending ten
millions Of dollars fotmak ing railway commune
cations between Cincinnati and Chicago Now.
every dollar Of that Is to enrich the State Of Ken
tucky. and not ono dollar TO the city Of Cincin-
natl. But In this enterprise you are asked not
asked to enrich your own State and thereby en-
rich yourselves lower taxation. bring in
emigration, cause the building OF towns.
bring other facilities that would make your
State great and prosperous; not only that, but
redeem Louisiana, and redeem this city. and
place it IN a position OF prosperity that she has
spondent about this town. l have never felt
otherwise. because we are lying here at the
mouth Of the valley, Of the most magniicent tor
We have only to reach out our arms and we can
reach Mexico Central America. South America
and Cuba. Countries containing forty millions
Mississippi upon which can say TO you the
deepening Of South Pass is u fixed fact. then we
will have all the necessary facilities. we VIII
States the facilities of transfer Of the products
required by the great country that lies all around
our shores.
The committee on resolutions then announced
themselves in readiness to report. and Mr. J. b.
Lafitte announced the following resolutions.
which it was moved TO be adopted as q whole.
The question being put they were adopted
unanimously:
whereas. the City OF New Orleans is the chief
seaport of the Mississippi Valley, and has facil-
tiles for commerce with Europe, the West In
dies, Mexico. Central America and South Amer.
lea, which are In many respects not SURPASSED
are being enlarged by the improvements at the
mouth of the river: and.
Whereas, 1t is a matter OF supreme impor-
tance to this city on the one hand. and to the
Valley of Red River to Western Arkansas, to the
State of Texas. to the Indian Territory, to New
Mexico, to Arizona. and to California on tho
other that New Orleans, as an emporium OF ex-
port and import. should be connected by rail
with some convenient point on the Texas Pa
tabIished between her shipping and factories,
and the States and Territories above named !;
and and
Whereas. such communication would, in the
opinion of experts increase the trade OF our city
to an immense extent, enhance the value OF real
estate. and give remunerative employment 10
our business as well as our mechanics and our
aborers and,
Whereas, at the present moment. in conse-
nuence of the chcapness Of materials. u railway
can be constructed and equipped at lar lower
rates than prevailed prior to 1874; and.
Whereas the New Orleans Pacific Railway has
been organized with the following advantages,
# ia controlled by q Board Of Directors So
lected from among our leading business men,
lis affairs are managed with strict economy;
It's funds are disbursed only for the Legitimate
purposes Of building its railway;
Tts route lies through the richest portions ol
our State so that it will command large local
traffic in passengers and freight. as well as q
Ii reaches Middle and Northern Texas by the
shortest line, and will bring that region about
two hundred and forty miles nearer by rail to