The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-22
PROSPECTUS
OF THE
New Orleans Pacific Rail
way Company.
PROSPECTUS

l.
COMPANY WINS organized June, 1875, under
charter from the State of Louisiana, authoriz-
ing 1t to construct a railroad from New Orleans
to Shreveport and Marshall, in Texas, divers-
ing at Keachi for Shreveport.
The route has been surveyed fort entire
distance, 361 miles. from New Orleans, via
Donadsonvile and Alexandria. to point of
connection with the Texas and Pacific Railway
ut Shreveport and Marshall, Texas where the
road will form connections with Dallas. Sher-
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 the
New Orleans and Mobile railroad for all South
ern 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 are also made with steamers and
sailing vessels for all points on the Atlantic
eoast and European countries.
It is proposed to place upon the line First
Mortgage not to exceed 81, 900 per mile. Bonds
to bear per cent interest. payable semi annu-
ally and to run for forty years; say on the 1851
miles of road "a 1882 600. Of which are now offered
to the people of New Orleans se75 0o0-proceeds
Of which will enable the company to grade
bridge and cross-tie the entire 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 complete the road-bed.
The following estimate. prepared with care by
the Chief Engineer, is herewith submitted:
GENERAL ESTIMATE.
From New Orleans to Marshall. ..... 1886 miles
From Keaehi Junction to Shreveport. Is miles
Total. ....---..............36 1861 miles
Graduation and bridging ............ 81 .392, ZOO
Superstructure laid down complete. 2,274 800
Shops. station and section houses.
wood and water stations. and sid
ings. ................. 2s5 800
Engineering and superintendence,
contingencies and general office ex-
penses. tx per cent. ............ 2o6. 400
Total. exclusive Of rolling stock. s4,249. 200
800 Cars of all classes at $780,. $500, 900
80 Locomotive engines at 81, 500 225 Ooo- Gas oao
Total, inclusive of rolling stock. s4.s74 200
Equal to $4,000 per mile-average cost of whole
road completed and fully equipped.
City subscriptions paid. -.............. 1925 900
oaD5cLiptlou5 LII pdLl5lt5 49U,UUD
2s672o acres of land in Texas, estimated
at twenty-five cents per acre. ........ II 500
First mortgage bonds offered in New
Orleans. ....,-........- ............... $4,000
First mortgage bonds on 361
miles at $40 900 per mile. 81, 1892, 600
Less above. 675,ooO- 1857 900
Total. .............. ........-...... S. 1853 600
With reference to the ability of the road to
earn the interest upon the bonds, attention is
called to the following estimate of the business
that can be safely depended upon, and any one
familiar with the country traversed by the New
Orleans Pacific Railway and the cotton and
sugar growing region tributary thereto and the
advantages of New Orleans as cotton market
will bear us out in our statements.
The estimates of earnings for the line will
appear low but even at the following moderate
figures an ample margin is left, above the inter
est on these securities.
The earnings for the first year after compile
ton Of the road. estimated thus:
$50 900 bales of cotton at 50. ..-.....-. $500 900
5000 car loads of stock at $40. 10000
5000 car loads of grain at $40 (repre-
senting about 900 900 bushels -. 10000
q. s. Mail. 500 per mile per annum. 5000
Express and miscellaneous freight by
passenger trains. Observation-Disclosures. 10000
Through and local passenger traffic -. 10000
Merchandise, supplies and general
freight Observation-Disclosures. 100000
Gross earnings OBSERVATION-DISCLOSURES 81 1856 100
Operating expenses and taxes, 60 per
cent. ................ s19,660
Net applicable to interest ........ S546, 44O
Annual interest charge on first mort
gage, 1882 600. at per cent -..... 259,920
Net, applicable to sinking fund and
dividends Observation-Disclosures. s2S6, $50
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