The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1877-07-08
no THE CAPITALISTS PROPERTY HOLD
.ERS AND CITIZENS OF NEW ORLEANS.

The undersigned, Presidents of banks and
Insurance companies Of this city, feeling deep
~ the great Importance of railroad connection
oefween New Orleans and the State of Texas,
and believing that the present Is the most
favorable time We can ever have to build such
aCoad, and knowing that the New Orleans
Pacific Railroad Company. are about to place
tsefore our people subscription to the second
mortgage bonds to the extent of $675 600, the
proceeds of which will finish the grading
bridge and Cross tie the entire road from Bayou
Goula to Marshall and Shreveport, which,
whom done, will enable the directory 10 make
g nrst mortgage debt Of not to exceed $40 900
u mile, sufficient to put down steel.rails, build
Station-houses, turn outs, and place locomotives
aud cars for two passenger trains each way,
daily, and at least 800 freight cars and locomo-
1ves to drive them-thereby putting the entire
Dad in complete condition for freight and pas
asnger traffic at o cost of less than SIS 600 per
milo, the smallest cost of any railroad, per
mile, in this or any other country and further
believing that some of cur citizens may not
have suficieu knowledge of or confidence in
these securities, and doubling the ability on
the part of the stockholders to complete the
road, the undersigned deem it not improper, at
This crisis and juncture in this great enterprise
the success of which secures the future welfare
and prosperity of our State and city, to place
before you, under our signatures, our entire
confidence, after careful ex animation, both as
= TO the certainty hat the road will be built
speedily, if these second mortgage bonds are
taken, and also that tho bonds will prove q
6rst-clase soveu per cent per annum interest
7Iayiug investment.
And we further give it as our opinion tina
these bonds will have a standing in our stock
market and win be received by our several
instttutlp:As as security for loans with mt ch
readiness as any other seven per cent securities
<S our State.
We unhesitatrgly commend these bonds for
Sestment, for the reason that when the road
rs completed the revenues are morally certain
Ia not only pay the interest on the bonds, but
give handsome dividends to the stock holders
II thjs loan is not taken, the work on the
road must be abandoned, and all subscriptions
10 stock now made be greatly jeopardized.
It will be q stigma and disgrace on our PEG
apaO to fail in completing this connection will
oar prosperous sister State, and we earnestly
urge the attention of our capitalists, oul
szaOnsyed men, our corporations, and all clssse,
at DOR citizens to come forward and subsOribt
90 the loan.
Books for subscription will be found at tn,
SsEioe of the company, and at the offices of al
the corporations represented by the under
asgned:
aEo. JONAS. President Canal Bank.
1sAML II. KENNEDY, President State Nationa
Bank.
a. BALDWIN, President New Orleaus Nationa
Bank.
j. c. MORRIS, President Hibernis Nationa
Bank.
u. Il. CAIN, President Germania Nationa
Bank.
DAVID URQUHART, President n. o. SAVING
institution.
], II. OGLEsBY, President Louisiana Natioua
Bank.
C. Konn, President Union National Bank.
SAviuGs Bank.
Bank.
Insurance Company,
I'D. A. PALFRET, President Factors and Ira
6ers' Insurance Company.
.E1o. Henderson, President Hibernia Iu
suranoe Company.
- -SAA0b ASD'AO10 AVE- W. Au"uA s"OO ~NL"PSu
IL MUssoN, President N. o. Insurance AssociA
4iOa.
ZEoYD R. COLEMAN, President II. and Ira.
deEs' Insurance Company,
sSE1sEsr PRAGsT. President Peoples Insurance
Company.
&. EAKER, Secretary GermaniA Insurance Com.
pany.
*. PEycHAuD, President Hope Insurance Com
p&ny.
"A. CHIApE1LA, President Union Insurance Com
rany.
szE- B. SCHMIDT, President Teutonia Insurance
Company.
AU kinds of fancy and staple dry goods at
est cash prices at q. q W. Croners's i47 Canal ct.