The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-14
A RAILROAD 70 TEXAS,

| special from ST. Louis to the DEMOCRAT
yesterday announced that the suit Of the
| Union TRUST Company Of New York and Bar
| Ing Bros. a Go. Of London, fof the appoint
tnent of a receiver for the ST. Lotus Iron
Mountain and Southern Railroad, had been
aetided, the court refusing 10 appoint d
receiver The road therefore remains Under
| It's present management A few days since
| the Louisville Ubuiet -.tourt,Gl reported Col
Satin Tate, d prominent railroad man, as say
| Ing with reference to this ease. III the suits
now pending against Mr.. Allen the President
| VI the road should be decided against him.
| the Iron Mountain road will have to be run
FOR its local business II he gains the still and
retains the road, the roads which center in
Memphis will build the road now surveyed
from Memphis by Dital's and Pine Bluffs to
Jefferson, Texas. and will operate It at just
cost thus compelling The merchants Of ST.
Louis to try and control the Texas trade or
they and their pet road. into which they have
never paid dollar, will be left out til the wet y
The DEMOCRAT on the 18th instant, in an
article on The Texas trade, referred to the
embarrassment Of the Iron Mountain
tUad as Indicative IF the fact that
st. LOFTS was not the proper and
natural depot Of the Texas. South Arkansas
and North Louisiana trade. but that, taking
advantage Of the inertness on distress Of her
rivals, by enterprise and capital, that city had
compelled the trade over tottuous and tin
natural route.
The Louisville niid Memphis papers have
recognized this fact also, and II Col. Iate's
threat Ia carried out. now that Mi Allen
has gained his suit road will be
built, az indicated by him. from Memphis win
Duvalls and Pine Bluffs 10 Jefferson. Texas.
This may be q cheaper and more expedi-
tious line for the Texas and Arkansas trade
To How over than The st Louis, Iron Mountain
and Southern road. but It will be only
another channel to draw the trade In
question away from New Orleans its natural
best and cheapest depot. We have noticed
The utterances Of the press Of both Memphis
and Louisville on this subject, and we can
assure our people that those cities mean
business. What is New Orleans going TO
do about 1t F? Col Tate said III connection
with his remarks above quoted. pretty
much what the DEMOCRAT said on the Sd
inst, i O.. that "Mr Allen has for the past
TWO years Dhph lDftiHg the ebHl,leI.e VI tPH-
tral and Southern Arkansas and Texas out Of
It's natural channel to st. Louis
This has given the ST. Louis merchants the
advantage Of selling to Arkansas and Texas
at even higher margins than other cities
would have asked" New Orleans has now an
opportunity Of forcing the trade Of Arkansas
and Texas back into its natural channel and
of restoring her own commercial supremacy. |
The construction Of the New Orleans Pacific |
Railroad will open the way TO New Orleans |
for Texas, Arkansas and North Louisiana. |
over which the present volume Of the com
merce Of those regions may pass and besides, |
II will develop and build UP the country
through which II may run and thus greatly |
enrich the whole State and vastly increase
the trade along its line. seventy per cent of
the business Of many roads is local business |
THUS developed.
Will the citizens Of New Orleans subscribe |
money enough to 50 far advance the cUAstltic- |
tion of the work on this great enterprise that |
its managers may be able to raise enough to |
complete ii ? The answer to this question in |
wolves in great measure the future growth |
and prosperity of the city.