New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-10-29
NEW ORLEANS GIVEN AWAY BIZ TIE

NEW ORLEANS GIVEN AWAY BIZ TIE
DEMOCRACY.
Involved in political conflict, which
seems to have no end but the occupation
OF Office, our citizens have not regarded
the tremendous contest among the rail-
roads connecting the cities Of the Atlantic
with the valley of tho Mississippi. In
this contest the Mississippi and its outlet
has been lost sight of, and each contest
ant has relied upon crossing that almost
obsolete way Of Western commerce, in its
pursuit of Western and Pacific trade. The
REPUBLICAN has heretofore called attention
to the fact that for four months past wheat
and corn have been carried, all rail, from
Chicago to New York, at seven and eight
cents q bushel. This, We believe, is
below even barge rates from st. Louis
to New Orleans. Some of our friends
have noticed this cheap rate; have re-
garded it as exceptional, and ruin
Oua to the railroads themselves. That
they are not likely to be exceptional will
be shown below. That they are ruinous
is by no means certain. A railroad
equipped for service, is sustained by way
freights and fares, through freights and
fares, with express and postal service As
no local road runs up to its full capacity
for transportation or travel, it adds little
to the cost of work and maintenance to
take on through business of either sort.
Since the company must pay interest on
its capital stock and other positive |
charges, all the extra service it can get out |
of the road without displacing its local
and regular business is clear gain which
it can not refuse.
The New York Herald, however, treats |
the subject from the standpoint of expe-
rience. In the first place it rather contra
diets those who claim that q change of
political administration is necessary to
settle the business status of the country:
We have watched with anxious interest
/
with prices aDproximating, as present
prices do, to the specie basis. The new &C
tivity of trade which has been in progress
since the beginning OF autumn, and which |
has inspired the commercial community
With hope and confidence, encourages ne to
believe that the time has 1t length como
when we may safely resdjust the business
# our establishment with reference to the
uture.
This, from . paper at present Demo-
ratio in its proclivities, is . significant
of those who claim q de-
'ression of all business everywhere, only
0 be relieved by the election Of Demo
ratio candidate.
The Herald gives New York An admoni-
ion equally applicable to New Orleans:
New York has relied upon her prestige |
nd unequsled natural advantages alone.
his was safe enough 20 long - our fnan-
isl and chipping facilities commanded the |
rafic; but noe rival scaports hare steam
hip lines connecting directly scith their rail-
Dads; they are free from he onerous har.
or expenses incurred here. and they possess !
4pe,ior terminal facilities for the cheap
a,ding Of produce.
There had been for some time past .
of five cents hundred in favor
rail lines to Boston and Philadelphia.
4 consequence these ports put on trans
tlantic steam lines and so diverted an
IMMENSE amount-20, 600, 900 bushels of
rain from New York. Grain is the basis
APPLE of New York as cotton is of New
rleans, so that this diversion Of grain =
'rried with it an immense business in
erchandise and travel In this crisis
Mr.. Vanderbilt then saw that the pros. =
rity of New York and of the New York
sntral Railroad were identical. He de- b
Rred the time had come to discard mile | 4
q a. an element of charge. The effect
ION our trade and the volume of business 81
the New York Central to this port was | h
Simultaneous and immense. Mr.. Wander
It assures Us that he has paid his interest p
d dividends from the net earnings, and al
I'm No other source Whatever, and that :,
has no doubt of his ability to do 90 in 81
Q future. b
Here, then, We have q declaration that u
w York must sustain these reduced il
;es to protect herself from the compe- st
ion of rival cities-the assurance of the oil
" York Central, that with its low 81
'des and four tracks, it can and will "
tain the competition; and then follows
ASSURANCE N
The New York Central can safely assume h,
It our merchants will not submit to q re- !,
n to the old system. u
New Orleans has thus the prospect of q re
lroad war at the East, upon which the &c
nparative progress of the great Eastern m
antic cities depends. These rivals th
ong themselves are allies against New th
cans, for every pound of valley trade be
ried by either of them is taken from en-
merchants. In the political contest cd
' waging the Democratic politicians pi
| attorneys have deserted the West. LEI
sy have turned their backs upon the a
didate who could alone inaugurate tn
tenn of domestic and foreign commerce M
I'd upon the use of New Orleans and LEI
er Gulf ports. Cincinnati is just fin tn
ing, at . cost of ten millions, rail- I'll
4 which lets her manufactures into the tn
thern States. st. Louis and Chicago RAJ
both pledged to commerce which US
carry their produce to the markets of an
iii and Mexico. The election of Mr.. wi
yes will give the valley of the Missis- pc