The morning star and Catholic messenger., 1877-08-26
auE6 1t
PROSPECTUS
CT THR
New Orleans Pacific Railway Company.
F.. L. PANLEIT SecletaI V
Augu It l6, lsa7

The NEW ORLEANS PACIFIC RAILWAY
COMPANY organized June, 1875. under q
charter from the State Of Louisiana author zing it
to construct railroad from New Orleans Shreveport
and Marshall in Texas, diverging at Keachi for
Shreveport.
The route has bee surveyed for the entire distance
1851 miles, ftom New Orleans, via Donad.onvile and
Alexandria, to point Of connection with the Texas
and Pacific Railway Shreveport and Marshal Texas
where the road will foIm oonrect ons with Dallas,
Sherman, Fort Worth, Jef.r on Te1arkana, andall
Northern Texas and Arkansas, Missouri and Kansas
and furnish highway for the trade of that
Of the country.
AT New Orleans tte read will connect with the New
Orleans and Mo bile railroad for all Southern 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 ections also made
with the and sailing vessels for all points
on the Atlantic coast and European countries.
1t is proposed TO place the line First Mortgage
not to exceed $l2 0OO per mile Bonds to bear per
cent interest, payable seni-annuay and to run for
forty years the 35l miles Of road 81 1872 OCO of
which offered to the people of New Orleans
s675 of which viii enable the company to
grade bridge and crosstie the entire line which when
DONE the balance of the bonds will procure the super
stI ucture and equipment and complete tie line ready
for business.
Much of the grading hav n previously executed
the work done the several points upon the line
represents thirds of ihs aggre gate required to
com plete the rOad-bed
The following estimate, prepared with by the
Cbief Erlineer, is herewith submitted:
GENERAL ESTIMATE.
From New Orleans to MarrhalI miies.
Frcm Ee. ii Junction hrevt port...-. IS miles.
To al.---.-----. .3ol miles.
Graduation and bIGgiI g.--.....-...-..$I2a 2a2 ~
SuperstructLle lad GOV complete 2274 3
shops sta'ion and eection.ho houses wood and
statitns Il sidinRs. 2s5 600
engine erng Eud superintendent COntinGsn.
cies and g. neral flea expenses, y per
OBSERVATION-DISCLOSURES. 296. 400
Total exclusive of rolling stock-.-..-- a 249 zoo
go Cars Of all classes al $500 .---..&4 coo
- Loc motive engines at q 5oo.. :2IGOs- SIS GOO
Total inclusive of rolling stock.--..--.s e7i 2cO
EQUAL , SEQ Per mie-average If whole road
completed and fully equipped.
City sIbscriptiops paid ...-..---------.s 225 0
Subscriptions in parishes Available 1890
.e6 !!G OF land in Texas, estimated a
tweniy five cents per sc'e...........- 1850
First tgage bonds offered in New Orleans SLGO
First mo tpage bands on 3Gl miles atsI2 OoJ
per mile e.-.......-...--..--.si 81 32.UcO
Less above GI5,GO"- COZ
Total. 5i6s coo
ith reference TO the ability ii road to earn the
inter- st upon the bonds attention is called to the
following estimate of tie busiLe's that be safely
depended upon and any familiar with country
traversed by the New Orleans Pacific Railway the
cotton and sugar gro wing region tributary thereto
| the advantages of New Orleans cotton market
| will bear IN statements
The estma Of earnings for the line will appear
low, but even at the following Moderate figures
ample margin is left, above the interest these
| securities.
The earnings for he hrst after completion of the
| road estimated thus;
bales of cotton, at a.. 500 OOC
900 car loads of stock, at i4l---.-.-... I2O coo
5000 loads OF grain at f4b representing
about 2,UO0,C 90 busbelsJ $4,000
q. S. Mail, 500 per mile per Annum 5000
| Express ard miscellaneous freight by passen-
ger trAins. Observation-Disclosures zsCOO
Through and local passenger traffic 10000
Merchandise supplies and general freight 300 OOO
Gross earnings. 3s6 loo
Operating expenses ard taxes s. per cent. s0SsO
Net, applicable 10 interest 54s 44O
| Annual interest charge fsst mortgage
! S4332 coo, at per rcent....-.......------ 29s2o
! arrltcsIIle tn fnnd ard div dends