The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-23
PROSPECTUS
New Orleans Pacific Rail
way Company.
oF THE-

COMPANY was organized June, 1876. Under
charter from the State Of Louisiana, atthoriz-
ing It to construct raifoad from New Orleans
to Shreveport and Marshall, In Texas. diverg-
ing at Keaehi for Shreveport.
The route has been surveyed for the entire
distances, gei miles. from New Orleans. via
Donaldsonvills and Alexandria. to o point Of
connection with the Tesas and Pacific Hallway
ut Shreveport and Marshall, Texas. where tho
road VIII form connections with Dallas. Bhsr-
man. Fort Worth Jefferson. Texarkana and all
Northern Texas and Arkansas. Missouri and
Kansas. and furnish d new highway for tho
trade OF that section Of the country
Al new Orleans, the road will connect with thu
New Ofleahs aud Mobile falroad for ali South
ern points, and witt, the New Orleans. ST. Louis
and Chicago railroad for all points In the North
and East. At the port Of New Orleans direct
connections ate also made with steamers and
sailing vessels for all points on the Atlantic
coast and European countries.
II is proposed to place upon tho line Il First
Mortgage. not to exceed $4,000 psr mile. Bonds
to bear per cent interest. payable semi -annu-
ally and to run for forty years. say on the set
miles Of road $500. 900, II which are now offered
TO the people Of New Orleans se75, oo0Aproeseds
Of which will enable the company 10 grade.
bridge end erysstis the nitro line, which.
when done. tho balance Of the bonds will pro-
cure tho snperstruetufs and equipment, and
complies the line ready for busiheps.
Much Of the grading having boon previously
executed. tho work done MT the several points
upon tho line represents two-thirds Of the hg-
grsgats required to eoinplets the rond-bsd.
The following estimate, prepared with care by
tho Chief Engineer, Is herewith sobmitted
GENERAL ESTIMATE,
From New Orleans to Marshall. .....8gs miles
From Reach Junction to Shreveport 81 miles
Total .....s.+..4.........4...g Gt miles
Graduation hnd bridging ...n......ns 81. gsg7gp
Supefstructuts laid down com Dlets 2,g74 400
Shops. station and section houses
wood and water stations. aud sid
ings.. ..........,..,..4.s..,....4. 2s5.s1o
Engineering and superintendent.
contingencies and general office es=
penses. rs per cent. ......t........ 2ge AGO
Total. exclusive OF rolling stock s4.g49.2y
800 Cars Of oil classes at $500 $4,000
30 Locomotive engines ut VI 500 225 0o1-4 e2s.Cgo
Total. inclusive Of rolling stock :. s4.s7420
Equal to siJ5oo per mile-ayerage cost Of whole
road completed and fully equipped.
City subscriptions paid s...s4.4s.. s925001
Subscriptions In parishes available. -. 44D.g0
2s672o acres Of land in Texas, estimated
ut twenty five cents per acre ..s.. n gg0
First mortgage bonds offered in New
orleans ''-..-t' ,.es..s s-*.ss,tl..t:. G7s1oo
First mortgage bonds on as1
miles ut $4,000 per mile. g. J82.ooo
Less above -....-...s.....~. s75,ooo- 1861 900
Iottl .......s. ,4es.4..4,s... w. 10000
With reference 10 the ability Of the road II,
earn the interest upon tho bonds, attention In
called to the following estimate Of the business
mat Gun be safely depended upon, and any ono
familiar with the country traverssd by tbs New
Orleans Pacific Railway and the cotton end
sugar growing region tributary thereto. and the
advantages Of New Orleans as cotton market
Will bear us out In our statements.
The estimates Of earnings for the line will
tppeat low. but even at the following moderate,
1gures an ample margin IL left, above the inter
,s on these seeurilie
The earnings for the first year after comuIe-
ion Of the road estimated thus:
80 600 bales Of cotton at 80. .......... a,uog1o
5000 car loads Of stock ut go. ... s.se4. 12DDo0
5000 cur loads of grain at SO trepre-
senting about 1000 900 bushels) -. 24ooo0
y. y. Mail. sfo0 per mile per nnnum ~. 5000
Express and miscellaneous freight by
passenger trains. ............4...4. 20gO
Through and local passenger traffic -. 15O.HU
Merchandise. supplies and general
freight .'..s. ...t.....,..,s. 3o1,g1
afobs earnings. e......,e..s..,- st,3ee.1G0
Operating expenses and taxes, 90 per
cent. ..s..''-..'...... .............-. sf9.ee0
Net. applicable to interest. ..ss,... s5iG.4aD
Annual interest charge ON first mort
gage, si,532,0Do mt per cent. ...... 25g92g
Vet. applicable 10 sinking fund and
1jVIneUiS2 .s...4 ...s+e-....s.es tZSG.gZD