The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-21
PROSPECTUS
OF THE
New Orleans Pacific Rail-
way Company.

The NEW ORLEANS PACIFIC RAILWAY
COMPANY was organized June. 1876. under
charter from the State of Louisiana authoriz-
ing it to construct railroad from New Orleans
to Shreveport and Marshall. in Texas. diverg-
ing at Keachi for Shreveport.
The route has been surveyed for the entire
distance 861 miles. from New Orleans, via
Dohaldsonville and Alexandria, to q point of
connection with the Texas and Pacific Railway
at Shreveport and Marshall. Texas where the
road will form connections with Dallas. Sber-
man. Fort Worth, Jefferson. Texarkans, and all
Northern Texas and Arkansas. Missouri and
Kansas. and furnish new highway for the
trade of that section Of the country.
At New Orleans the road will connect with the
New Orleans and Mobile railroad for all South
ern points. and with the New Orleans. st. Louis
and Chicago railroad for all points in the North
and East. At the port OF New Orleans direct
connections are also made with steamers and
sailing vessels for all points on the Atlantic
coast and European countries.
1t is proposed to place upon the limo Il First
Mortgage, not to exceed $4,000 per mile. Bonds
to bear per cent interest. payable semi annu-
ally and to run for forty years; say on the se,
miles of road 81 1882 900. OF which are now offered
to the people of New Orleans ss75 oo0-proceeds
of which will enable the company to grade,
which
when done, the balance of the bonds will pro-
cure the superstrueture and equipment. and
complete the line ready for business
Much of the grading having been previously
executed the work done at the several points
upon the line represents wo-thrds of the ag-
gregate required to complete the road bed
The following estimate prepared with care by
the Chief Engineer, is herewith submitted:
GENERAL, ESTIMATE
From New Orleans to Marshall. ..... 1856 miles
From Keaehi Junction to Shreveport rs miles
Total. .............-- 1861 miles
Graduation and bridging. ........... 81 392 700
Superstructure laid down complete. 22743oo
Shops, station and section houses,
wood and water stations. and sid
ings.. ...................... 2s5soo
Engineering and superintendent.
contingencies and general office ex-
penses, TX per cent. -............. 2oe. 400
Total. exclusive of rolling stock. s4.24e 200
300 Cars of all classes at $500. 100000
80 Locomotives and engines at
s7.500...... .A---.----..- 225,0O0- Gas 900
Total. inclusive OF rolling stock. sas74 900
Equal to s13.5oo per mile-average cost of whole
road completed and fully equipped.
City subscriptions paid ................ 1926 600
Subscriptions in parishes available. -. 10000
2se,72o acres Of land in Texas, estimated
at twenty-fiv cents per acre. ........ 1880
First mortgage bonds offered in New
Orleans. ........-..--.. ............... 81, 900
First mortgage bonds on 361
miles at $4,000 pen mile 81, 1872 900
Less above ....--......-... 675,ooo- 3,s57,Ooo
Total OBSERVATION-DISCLOSURES. s5,16s.soo
With reference TO the ability of the road TO
earn the interest upon the bonds attention is
called to the following estimate of the business
that can be safely depended upon, and any one
familiar with the country traversed by the New
Orleans Pacific Railway and the cotton end
sugar growing region tributary thereto, and the
advantages of New Orleans as q cotton market
will bear us out in our statements
The estimates of earnings for the line will
appear low, but even at the following moderate
figures an ample margin is left. above the inter
est on these securities.
The earnings for the first year after compile
ton Of the road, estimated thus:
100000 bales of cotton at 49, ...-....... 100000
5000 car loads of stock at $40. ...... 10000
5000 ear loads Of grain at $40 trepre-
senting about 900 900 bushes). .. 100000
u .. MAIL 800 per mile per annum--. $500
Express and miscellaneous freight by
passenger trains. .................. 10000
and local passenger traffic. !. 10000
Merchandise. supplies and general
freight. ....-... ....-...-......--. 100000
Gross earnings ...............-... s1,3661oO
Operating expenses and taxes, GO per
cent -...--............... $4,000
Net, applicable to interest. s546440
Annual interest charge on first mort
gage $i.332,Oo0. at 6 per cent. $50 800
Net. applicable to sinking fund and
dividends Observation-Disclosures s2SG52D
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