The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-24
PROSPECTUS
New Orleans Pacific Rail
way Company.
OF THE

The NEW ORLEANS PACIFIC RAILWAY
COMPANY was organized June. 1875. under
| charter from the State OF Louisiana, authoriz-
Ing tito construct q 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. SCI miles. from New Orleans vis
Donaldsonvtlle and Alexandria to q point of
connection wittthe Texas and Pacific Railway
at Shreveport and Marshall Texas. where tts
road will form connections with Dallas. sber-
man. Fort Worth, Jefferson. Texarkana. 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 tho
New Orleans and Mobile railroad for all South
etn 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 arc also made with STEAMERS and
sailing vessels for all points ON the AtIantic
coast and European countries
ID is proposed to place upon the line First
Mortgage, not to exceed 1890 per mile. Bonds
to bear per cent interest payable semi-ap
ally and to run for forty years: say on the ssf
miles of road 81, 900, of which are now offered
to the people Of New Orleans seT5,ooo-proeeeds
Of which will enable the company to grade,
bridge and crOss-tie the en- ire line which.
when done. the balance of the bonds will pro-
cure the superstructure 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 two-thirds of the ag-
gregate required to completes the road he'd
The following estimate, prepared with care BIZ
the Chief Engineer, is herewith submitted
GENERAL, ESTIMATE
From New Orleans to Marshall ... 1886 miles
From keachi Junction to Shreveport. 25 miles
Total ..............--.--....... .361 miles
Graduation and bridging. ......~.... 81 ,392, 100
Superstructure laid down complete. -. 2.274.soa
Shops, station and section houses,
wood and water stations, and sid
lngs......... Observation-Disclosures. 2s5.sg0
Engineering and superntendenee
contingencies and general office OK
Denses, rs per cent ............... 29e. 400
Total. exclusive of rolling stock . s4.249 nm
800 Cars Of all classes at $500. 100000
30 Locomotive engines ut 81 500 225 900 Ga, soo
Total, inclusive of rolling stock 81 s74 400
Equal to sl35oo per mile-average cost of whole
road completed and fully equipped
City subscriptions paid -....-..t...... sa25.ooe
In parishes available 10000
2ss.72o acres Of land in Texas estimated
at twenty-five cents per acre. ....... 1850
First mortgage bonds offered In New
Orleans -..-,-.-.-.... -............-. $4,000
First mortgage bonds on 36t
miles at $4,000 per mile. 1882 900
Less above --....-.-...-...... G75,ooo 5.e57,0oa
TOTAL ....... S. 168,gG0
with reference TO the ability OF the road tn
earn the interest upon the bonds. attention is
sal ipI tf.t INF Ill
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 Ct New Orleans as q cotton market
will bear us out in our ftatements
The estimates of earnings for the line will
appear low. but even ut the following moderate
figures an ample margin is left. above the inter
est on these securi les.
The earnings for the first year after compile
ion of the road. estimated thus
10000 bales of cotton at 2............. s5soooo
5000 car loads of stock at $40. a.. .. 12gdno
5000 car loads Of grain ut $40 freprs-
senting about q 900 900 bushels ~ 240eOg
U. .. WALL 300 per mile per annum 5000
Express and miscellaneous freight bv
passenger trains ............. 2on0g
Through and local passenger traffic . 10000
supplies and general
freight s..-.-...- ...e....s.....,... 100000
cross earnings. .....-..,e..... .s1,s66fg0
Operating expenses and taxes. 60 per
cent. ......,.....-.. 1869
Net applicable to interest $546,44g
Annual Interest charge on first mort
gage. $l,332,000. at per cent ...... 259,s20
Net applicable to sinking fund and
dividends ..--...., -.--......-.,..- 1886. $40