The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-19
MISCELLANEOUS.
PROSPECTUS
New Orleans Pacific Rail
way Company.
or THE

The NEW ORLEANS PACIFIC RAILWAY
COMPANY was organized Juns, 1875, under a
charter from the Hate of Louisiana, a1thorih-
Ing ii Ito construct q railroad from New Orleans
TO Shreveport and Marshall, In Texas. divetg-
Ing al Heaehi for Shreveport
The route has been surveyed for the entire
distance, SOL miles. from New Orleans. via
Dohaldsonyie and Alexandria to a point Of
connection with the Texas and Pacific Railway
at Shreveport and Marshall, Texas, where the
road will form connections with Dallas. sher-
man. Fort Worth, Jefferson, Tsxafkana and all
Northern Texas and Arkansas. Missouri and
Kansas. and furnish a 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
efn 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
coast and European countries
II is proposed to place upon The line First
Mortgage, not to exceed $4,000 per mile. Bonds
TO bear per cent interest, payable ssm=annu-
ally and to run for forty years: say on the asi
miles of road g. 852 900, of which how offered
to the people of New Orleans ss75. 900 proceeds
Of which will enable the company 10 grade,
bridge and cross-tie the entire line. which.
when done. the balance Of ths bonds will pro.
cure the superstruoture and equipment aud
complete the line ready for business.
Much OF the grading having been previously
executed, the work done al the several points
upon the line represents twostilrds of the ag :
gregate required TO complete the road-ted.
The following estimate. prepared with care by
the Chief Engineer, Is herewith submitted!
GENERAL ESTIMATE.
From New Orleans TO Marshall. ass. .i,,s miles
From ksaehi Junction to Shreveport. % miles
Total ..4..4.sss4.....sts.....36i miles
Graduation and bridging s........u...s 81 .sg2 100
Huperstrueture laid down eompete. 90. 2,274. 800
Shops, station and section houses.
wood and water stations. and sid
ngsn.sua..s..s.u.t..s.. 2s5.B0t
Engineering and superintendent.
contingencies and general Office e6-
penses. ~ per cent. s44.........s... 2ge, 400
Total exclusive Of rolling stock. a, 24p, 2bt
500 Cars Of all classes at $500 100000
30 Locomotives and engines at .
sT.50D..... .........!...4.... 225.ooo-- s25.oyt
Total inclusive Of rolling stock. s4s74 2pt
E1tal to siB.5 500 per mile-ayerage cost Of whole
EfHn tbHpHhtei anu IHitF StIiipESbs
City subscriptions paid. .s..sss..4...... sg25, D0f
| Subscriptions in parishes available. 10000
| sse 79o acres Of land III Texas, estimated
ut twenty five cents per acre. II eot
First mortgages bonds offered In New
Orleans. sl..... .444..s.+s5.4ss GTb DOt
First mortgage bonds on 5g1
miles at $4,000 per mile. s4sg2. 900
Less above .sss-.-..s...s-..t e75,00o- 1887 0ot
Total. e..,t.t.,.. .tt.t..Asst..s al. sot
with reference 10 the ability Of the road tt
earn tho interest upon the bonds attention Il
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 Hallway and the cotton enc
sugar growing region tributary thereto. and thu
advantages of New Orleans rs n cotton marke
will bear us out in our statements.
The estimates Of earnings for the line vii
appear low, but even ut the following moderate
figures an ample margin is left. above the inter
eat on these seeurii les.
| The earnings for the first year after compile
ton Of the road. estimated thus
$50 900 bales Of cotton ut 90. ..t..s.rs. $4,000
| a,opo cur loads Of stock Mt $40 ....s. 10000
5000 cur loads Of grain ut $40 trepre-
| senting about 1000 900 bushels) go. $4,000
u. =. Mall. Tloo DsT MILO pef aHnum ts'' es.lu
| Express and miscellaneous freight by
passenger trains ....ss.....ss, 2o0t
| Through and local passenger traffic 10000
Merchandise, supplies and general
| freight ...ss..4,,. Observation-Disclosures. 800
|
Gross earnings. 4t..s..44..,s.,.... st,366 10
Operating expenses and taxes. 90 per
cont. a.. ......4...... .44.s.....4..t4 1896
Net. applicable to interest. ......,. s546,4
Annual interest charge on first mort
| gage. s4332OoG. ut per cont. ...... $50 "a
|
Net. applicable to sinking fund and
| dividends .s.,..... .......4.....,.. =. a2s6.5.
| SnSuWsSu 1dp