The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-24
THE RAILROAD MEETING.
WHAT THE PACIFIC ROAD WILL DO TO
sa.y nHsNvIG0HATE NEW ORLEANS.
our Merchants In Council.

our Merchants In Council.
AT 81. Pa'rich's Hall last evening there was
gathered fair audience, composed almost EN-
trely of The capitalists and business men Of the
city, to listen to presentation of tbe merits of
the New Orleans Pacific Tailrosd. The night was
very snltry, and as many merchants leave the
city saturdays for the Lake coast. the attend
anee was not as large as II would otherwise have
been
A short time after eight O'Clock u. j. Gay, ESD,
stepped forward and introduced to those assem-
bled ]. B. LafitIe, Esq, the president of the
meeting, and Mr.. H. g.. Hester, the secretary.
Mr.. Lafitte then addressed the inseting az fol-
lows.
Felotr- Citizens Il tender you my sincere thanks
for the honor conferred upon me. In all article
published in the Times of the 8l inst, over the
signature Of "Mertator,"I ehdeavored 10 demon
strse the absolute necessity of building this
road, and to show that every individnil in th
community, from the day labpter to the capitsl-
isf, had direct personal interest in it's early
completion
promised ia that srtice g to publish o second
one to prove that simply as an investment and
apart from any collateral advantages ID would
prove profitable t0 It's shareholders. pressure
OF business engagements hss prevented me
from fulfilling thst promise, and 30 night / shall
aays, oa Il -, t anto, ;t stai po'h's'
Ttae fi,st nh;ae1;on In ba mat is that ,,b..
roads. which were projected, were heralded 10
hasa n,,,ge,. tn ha riusrab1a fail,tras i,,,ais;n
a. i,a. ~ ,I ,,;t;,ai staoi, s,,i.sasJi r. u
therefore important TO inquire into the causes
Of such failufes and as they lie upon the surface
no extended argument is needed TO make them
sIa,Ia5 ,,,o,, araaaa;,,I, s,,.I, ;,d;id,si ..,l,
sa,;nt;anI ,,,,,,nrtaa v Stata ~ ,,,,,,,,;.,o,
srant. 81 statas !, otber ho,ds sn,pla,,a,,tad i'a
h, - ~ - ~ -. ;,,p ~
,osss haa i.7ia -, m ;,toros, =; a. s,na,s ~ ,s
T;i.., | H. - IT.; ~ - ~ ts eoooa 80, y.
FROM sbor;na In tha ennt,ant, .r hr = a;st,;i,u
H., s. 7, ~ ,.sl'sas - ~, a, =. ~
H., ts h. ~, . W. ~ .,.s'1 y, sis "
;,,,, a;sa,t - ~ - ~. ,s 80; psm - SUI ~
~. ,s,,L ~ o,a.o,a;,is III 49, ~ p.a IL
~. i.,,.ats, s' ,,,s , isy sn p,oes, aha .he
,ie,;u,' ~ tt ,a ~, sat,s upoi aa9 sn9 ov'.
et,,a ~, aoi'ai ,.ai, .ai,a ,,ii .',, ., W
mep,sn ,ss aosna. ussn 'aine snei, tee ihshis
. - a.,,, ~ s,.. 1,t - * s.'.s my
I st ~. T., l;P .t,., as ,;s,
oAn r. , ,r,at ~. " ,a. ~,
,t ,,iI,i, pa, 81, ean, rnh a,as9 ,.5s -
vn,, iaya ,ha ,vo,t ~ lie snIi ast,, - Ia nnn'
,,d ;ta ,ast oan,sa nf tb,sa airns,e5 si,,' ~.
If ,,a pa,a a ee,ts;n "a.a ,.a .e
tba iha odaii,,nai sn ,,,, as,,aa =. III, pc
snaoa ,.ith tla a l.; ,a;at,s ,as -. ,I IN ;. Ie
III sosri, ~ ~ ~ i '0' ~ WIN
This il maasn,ably d,a :, tho em,l,vno,,, ~
pan;tantiar iai,os and a 8 +ti, 10, htd,, aai
na,,,ariai ,,,s,, hs ,I,aan t,a ,,,,,,a.as .ig
s,,ania1 80 l,. ,a,a nr To- "nn i; oppus7u e,s. .no
at,oa &c AZ ,m, oaIs,ss;s ~ ,upg eeshis .s
and taxnavars vary fery words viii snf,; .s nur
o,iat oun ,,,,,st ta III a e,.ha, a - ,.. u,
ytbio ,,,iaon walls tba;r ,nointats,, T.; ~ 80.
IL, 10 hnraa ,,o H., hn,ast =, ,,,. . az asso
hv ha;nr mi In ,vnri 49,, iii
tbsv arc ,,,t onlv salf sunnorfi, ~, b,t has h,iI,
nnrions of tha yoaa a. ubieh o,ni5 ho o hsa,, l,i,t
raased eost ''i'' ''''''' IL
Ttn tbosa WIN ara viIing In srbsc,;be to HI,
atack oF Tho ,oad and m9ra esn.o;aiiv W AZ
ca nitatist In whom vou NAV en,er nm nf = va,,s
frat moIteaae bonds mn stfnnpar arg,ma,t
n,nia ha t,sgd 4, shnv lin tbns -, " So Io,g ts
baen larreiv brit Inv snab ebean labnr "' aA"'
Another most importsnt eensda,ation ia Tho
exceptionsIly low prees now rnlinp far evarv ar.
tiole needed in the construction and ennipma,t
of r, jlrosts Steel raj A. which are praotiesllv ri
donbls the value Of iron rails. car, tow he mr.
chased at two-thirds the cost ef iron rails fonr
years ago and ali articles of eaninmsnt are ,r1,.
portionetely low.
The rannrt of Major Graane clef epa;peor of
the road. based as il s upon actual results 40 far
70 grading ia concerned and nnon shsnlpfe dsia
in otbar respacts shows that tba rood o.n bs
built ami fuliv eanipped ut n cnst of iass tb,,,
iii ontl nor mile mr. abont ono. tbird tha averaaa
cost of railroads in this countrv during tbe ,ast
ta,, wars Anotl,ar oranmant l., Va 20. ~ III;
road ia that fhs ma Eimnm sraaiants are so light
that unon the nortbern division of tho rnad tlirto
loaded freight cars can be hauled bv ri aale oco
native and mon tho su1tharn division The
trains ean be increased to sixtv. In nssn,,enoe
of this the cost Of Transportation of heavy a,tisas
and particnlarly of arsin will nroh sblv ba Lao,
per mile upon tbs road than upon any other OF
n,sn a. - Tho ,narb vii sto,, ,b,, l.,
Of our extended domain is there g, vast an
N sa y, f s;,sa az ,s.ns 50 Nv
eeiy ueso'a " aa on, ~ '@.iei' spt'e IRON, tne
vast tIaas peb"esh tue ieshihl Oh tns roao, its
local traffic would alone support well managed
road cons rueted at go small cost. la tho pre-