The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-09-26
OUR RAILROAD.


steady work by che energetic con-
tractor, Major S. L. James, we have
noticed with feelings of pride from
its very commencement, is steadily,
surely and safely being pushed at
both ends, and soon, very soon, we
may expect to see it reach its termi-
nation. Over 500 hands are a. work
all the time, and we have earnest,
business talk of having this working
force doubled at no distant day.
The Office Of our Railroad has been
removed in New Orleans, and in an
announcing the fact, Mr.. Whcelock,
the President of the Road, has issued
the following card, which we trans
cribe to our columns:
s'The New Orleans Pacific Railway
have removed their Office in the COM
modious ground floor Of the building
No. 159 Common Street, formerly
occupied by the New Orleans Gas.
light Company.
In making this announcement they
desire to express their thanks to
those of their fellow-citizens who
have thus far extended their aid to
this great enterprise, while again ap-
pealing to the entire community to
promptly come forward and sub
scribe in accordance with their
means, in order to enable the direc-
tory to push with renewed vigor the
work already so far accomplished to
completion.
Every facility will be given, on ap-
plication at the office, to impart the
information required to convince ev-
cry one that the success of the road
is assured, as soon as the sum of
$675,OO0 is reached, either in sub
scriptions to the first mortgage bonds
or to the stock of the company.
In order TO place their securities
within reach of all classes of our
people, the company have issued
script limited in amount to $4,000,
and made receivable either for stock
when presented in sums of 500, or
for freight or passage on completion
of the road. This script is divided
into notes of $50, $50, $40 and SIS,
transferable by bearer, thus enabling
all to aid this UNNECESSARILY impor
tant work, the success of which will
largely rebound to the interests of
every man, woman and child in this
city.
With regard 10 the first mortgage
bonds, no one can doubt Their being
a frst-class investment, apart from
The collateral advantages which will
be derived by the residents of this
city, and that they will be so regard
ed by orr ,noneyed institutions, the
company refer to a recommendation
made short time since by the pres.
idents of nearly all our banks and in
s,lrance companies, of the second
mortgage seven per cent. bonds Of
the company, when such an issue
was contemplated.
TO show the confidence felt by
these institutions in the proposed
road, their officers recommend the
second mortgage bonds of tile New
Orleans Pacific Railway Company as
a 'irst-class seven per cent. per an.
mum interest paying investment"
and say "they will be received by
their several institutions as security |
for loans with as much readiness as |
any other seven per cent. security Of
the State of Louisiana; they unhesi-
tatingly commend these bonds for
investment"
With this inducement, supplement
ted by the assurances that the COM
pany can obtain all else necessary to |
place the entire road in working or
der when this seemingly small sum
shall have been provided for, and
further, that instead of second mort.
gage, first mortgage six per cent.
bonds are substituted, can any citi
zen, who really desires the prospect
~ Of this city, which has been go
long retarded by the simple want of
proper communication with the al.
most inexhaustable resources oil
Texas, Arkansas and Northern Lou.
isiana, fail TO respond promptly to
this appeal2
E. B. WHEELOCK.
~~~-~~>s~0sA>>~
The Democratic majority in The
House of Representatives will be
eleven. The Republican majority in
the Senate will be Eve, but should