The morning star and Catholic messenger., 1877-11-11
OUR TEN THOUSAND DOLLAR MEN.


New Orleans has reason to feel proud Of her
business men and capitalists. Ibeir enterprise
and public spirit, as evidenced at the meeting
held last Wednesday evening In druhe"9io
Hall, have fairly earned for them the admira-
tion of the world an d the unbounded thsnks
of their fellow citizens who have been lmpoS'
erished by the loss of our Texas trade. ina'
the record of their self.sacrihclng Interest," IN
the welfare of New Orleans may be preserved
for the edifcation of unborn generaIiehs VIC
give it q place here in our columns.
New Orleans, in past years, erJoyed q locrS-
tive trade with Texas. This was taken away
from her by railroads built to and in the In
terest of other cities. After great oeai oi
talk concerning the universally admitted ne
cessity of q road to Texas, Mr.. f. Is. "neeiooA
and a few other responsible, though not very
wealthy citizens, went to work In prao'
tcal way to build it. Their efforts were
measurably successful and they now have
great part of it in running order. Eighty five
miles yet remain to be completed at an esl'mA
ted cost of Sl4OO0 per mile. To raise the
necessary sum twenty ofour leading merchaDtS
and capitalists called the meeting referred to
| above. o.her
They limited their invitations to sucn otner
| mercbants and capitalists were known TO
| be worth at least $4,000
! Well they met; bank presidents, cotton
kings real estate owners, wholesale groceiS'
and rich men generally. They talked OF
| course. One leading merchant SAID tna' IL
/ was only on o recent visit to Arkansas that he
had learned how much we had suffered py ths
} aggressive enterprise of other communities
= People west of would much prefer TO oea
with New Orleans if they could only hno some
= sure means of communication the year rouno
The New Orleans Pacific will place us IN olrec
:. communication with these people; onl!
70 eiebtv-6ve miles Of it remain to be completed
" let us all subscribe libetally.
Another gentleman then made speech. ID
20 was Satisfied that the completion OF the roa
y would bring back to New Orleans her lost trade
Ii If the road is built, New Orleans need no
fear any successful rivalry. locomotive cal
" draw but fifteen loaded cars on the lro
n Mountain and Missouri, Kansas and Iexa
:, roads, while on this road the same locomotlV
- can draw sixty loaded cars for the whol
=. distance, except 100 miles, and over tn
:. distance it can draw thitty-three cars.
will come in competition with these roads, br
W what would be ruinous rat 90 to them, for tn
b yery reason, would bs handsome profit c
Gu this road, which reaches % market 400 mill
BIT nearer than St. Louis. If New Orleans do
~. not propose to do more trade than she is doir
ill now, she has lust 125, 600 more people than b
We commerce can support.
itb Then a bank president made a speech. /
yilI though that this enterprise conld be great
mn forwarded if capitalists and bankers would
it be understood that the bonds of the TO-
would be accepted security as readily
lo other securities or bonds bearing the same ra
'ia' Of INTEREST but he did not wind up by sayi
"h that he would take them as readily.
ess' Another gentleman then said that it Y
ne understood that only persons known to
ion worth more than $40, 900 had been invited
] is be present. He was sure that there was nc
ary gentleman present who could not afford
or subscribe at least ten per cent of all he hac
ac secure the success of the road. He mo-
,,ov that oanvassers be appointed to go aro'
Ia among those present and solicit subscripti'
The hat was accordingly passed around
subscriptions amounting to the splendid
ID 10 of 300 taken up, uuder the follow
laps agreement:
with eve, the subscribers hereto, hereby c
4 in gate ourselves to pay TO the New t OElS
Pacific Railway Company the sums oppo
our signatures for stock or first mortgage
tory per cent. bonds of $1,000 each payne
- twenty per cent cash on demand, bslanc
IL four equal payments, thirty days apart, o
ated option, in notes at three and six months, "
ming out interest.
sem Auu0 V"o Pt0''o' n - - =.
Gal guAEAn'eeu tn1 49, oon,nIotion - ,.h
eNO- 1t is conceded, would in Eve years, add at
ty of % ner cent to the value of real estate incr
is Q the volume of our trade by one-aixth and
( Ske work 70 tho1sands os onS people.
lriae None ssIl Shsapsr thqn gwsmsy,