The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-01
PROSPECTUS or THE
New Orleans Pacific Railway Cd
The New Orleans Pacific Railway compan,

/ The New Orleans Pacific Railway Company
was organized June, 1875. under charter
from the State Of Louisiana, authorizing
/ 1t to construct railroad from New 0rleaIle
to Shreveport and Marshall. in Texas. d.
yerging at Keachi for Shreveport.
The route has been surveyed for the EN-
tire distance. 3g1 miles. from New Orleans.
kyia Donhldsonyille and Alexandria, to 4
point OF connection with the Texas ana
Pacific. Hallway at Shreveport md Mat
shall. Texas. where tho road will fgrH
l connections with Dallas. Sherman, Foff
| Northern Texas and Arkansas. MISSOURI
/ and Knnsas, and furnish new highway
for the trade Of that section Of the country.
At New Orleans the road will conneef
/ with the New Orleans and Mobile Railroqd
| for all Southern points. and with the. Men
Orleans. Vt. Louis and Chicago Railroad
! for all points in the North and East. I. AZ
the port Of New Orleans direct connection
are also made with steamers and sailing
vessels for all points on the Atlantic coaFt
and the European countries. III
/ 1t Ia proposed to place upon the lin4R
First Mortgage, not TO exceed $1,000 pbr
mile; bonds to bear six per cent interest,
payable semi-annually, and to. run for for
[ ty years; say on the s61 miles Of rood
$685., 900, Of which are now offered to tle
people of New Orleans s375.0UO-p proceeds
Of which will enable the company to grade.
bridge and cross-tie the entire line, whidh,
procure the superstructure and cquip-
ment, and complete the line ready fpr
business.
Much of the grading having been preii-
ously executed, the work done mt the SOY
eral points upon the line represents tw1b-
thirds of the aggregate required to com
plete the road-bead. 4
The following estimate, prepared with
care by the Chief Engineer, is hcrewHh
submitted.
GENERAL ESTIMATE.
From New Orleans TO Marshall 1856 mi les
From keachi junction to Shreve n
port ......-,..- .-...t-...t-.... 25 miles
Total Observation-Disclosures. SOL md IA
Graduation and bridging 1882. Zoo
Superstructuro laid down com
plete- - - ....---- 2.274RO0
Shops, station and section houses tI
wood and water stations Ind
SidtnES -. 2S5 |OC
Engineering and superintsndence.
Is contingencies and general Of
foe expenses, ~ per cent. 900 |Od
Total, exclusive Of rolling stock "a, 294 M
300 cars of oil classes, at
80 locomotive engines, at
$500. ...--..-.. ....--.s. 235 900 62J IN
Total. inclusive Of rolling stock -si.S74 po
Equal to sl3bOoper mile, average COD of
whole road com pleted and fully eauipI III.
City Subscriptions paid s32a boo
Subscri ptionein parishes hvailable az boo
mated atstwentyfive cents per III
#anrp 800 ~. III -. ". aa.!Es4E 7 Loon
First mortgage bonds offered in
New Orleans .....e...s..:- 674 000
First mortgage bonds on
96i miles Mt $4,000
| per mile ...--..---.-. 81 1884, 900
Less above. ....-s--- 1000 1857 ,OO6
Total. ....,....-....,............ s5.isb ,eod
With reference to the ability Of the Toad
| to earn the interest upon the bonds, atfen-
ton Ia called TO the following estimate OF
the business that can be safely depended
upon, and any. one familiar with the cSun.
try traversed by the New Orleans Pttcific
Railway, and the cotton and sugar growing
region tributary thereto, and the adEan.
tages Of New Orleans as cotton market,
will bear us out In our statements.
The estimates OF earnings for Feline
will appear low, but even at the following
moderate figures an ample margin islleft,
above the interest on these securities.l
The earnings for the first year after Conn
pletion Of the road, estimated thus.
25o, 900 bales of cotton at 81. $50 Oco
5000 car leads of stock at $40. 100000
5000 ear loads of grain at $40.
representing about 2,o0O,Oo0 bus1 240, 900
! United States mail, 500 per mile
| per HHnuIIl N6,Iv9
Express and miscellaneous freight ]
! by passenger trains. $1,000
Through and local passenger traf-
fc..-..-- ........- -.--.-.. .4-..-s. !. 900
Merchandise supplies and gener-
al freight al. -..-......... 900
Gross earnings -. = si,s 100
Operating expenses and taxes, GO
per cent -es.- ..-s-1 w. GEO
Net applicable to interest. 81 40
Annual Interest charge on first
mortgage. st,3s2.0oo, at per
Net applicable to sinking fund
and dividends. .......4.. \ $40