The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1877-07-08
The N. 0. Pacific Railroad.
be conspirators

signed by such business men as MY
George Jonas and others whose names
will be found thereto appended. 1t is pro
posed to place on this market second mort
pape bonds of the road to the amount OF
s675 900. which would be about 60 piece
to every person in the city. The puoilc
are not, of course, supposed to be skilled /
in technical information as to -fai}feses'
but we have the assurances OF gentlemen
who have made it a bushes to infoim
themselves and whose honor can be Iehed
on. that these second bonds will be nFst-
class per cent interest paying investment
Such bank presidents as Mr.. Jonas aver
that they will be received by our banks as
eecurity for loans as readily as any other
per cent securities of this State.
Not only do these gentlemen virtually
guarantee that the regular interest will be
Maid on these bonds, but they are extremely
confident that the profits of the road VIII
leave large margin for stockholders.
There are various reasons for theee con-
clusions-reasons that really appear IMAM
swerable. The first is that the road VIII
necessarily do an immense business and
the second, that it will be an exceedingly
cbean and economical road in it's construc-
ton.
1t will certainly tap an immense pro-
duction of cotton and wheat which no"
goes Northward. Why sol Because from
the point where our road would diverg'
I. from the Northern road the distance Il
New Orleans is about 230 miles shorte
~ than to st. Louis,-while Chicago ID aoou
# twice that distance off. Heavy produc
a. is always entirely controlled by even
ar slight difference in freight, while tn
If saving on over 200 miles of road would
materially important.
eu THE, of course, supposes the markets
to be equally good. AS to cotton there seen
nd TO have been great disappointment IN Il
cir St. Louis movement. The greater u
at market, the better it is. Every cost
The cheapened, facilities are increased, pu
nd clasers are more pumeroue, handling
ter more skilfu. Thus, at st. Louis
little cotton is used. The bulk of WI
ley reaches there must go farther on, 30 Il
not by the time it reaches Cincinnati or Pit
eat burg by rail, the transportation alone Wot
hey cost more than if the cotton were eh'pr
flu to New Orleans by the proposed road a
) in re-shit5ped by boat up the Ohio.
lem As to wheat, we are assured that 1t
Par he milled here "a cheaPly az in ST. Lo'
ives while this market ia undoubtedly bet
the than that for -four. All the wheat OF lie
,ital could be calculated on with certainty
all properly directed road. 1t is safe TO
ntal also that nearly all the wool which
lore goes to St. Louis would come here and
ion, an immense trade in cattle would undo'
q OF eddy spring up.
hich The fact is that Texas is an immen
pre- ductive region now. Another FAC
that it is developing with such rapidity
mind the Texas of one year is as child beside
are Texas of the next year. Aud still ano
their fact ia that New Orleans is better ma
It SO than ST. Louis for everything exported
and a largo scale from Texas.
thing We used to sleep over the sleepy II
n are of snte-war times. But if we will 81
the off the nap and look around, we shall
Join Texas as much changed as Rip Van
JUS kle found his surroundings. Not
find changed, but grown, developed. lns
b of of being now a vast cattle ranche' IL
o the immense wheat and cotton empire.
Ne the In fact it is hard TO see no"
tapping the st. Louis route can fail to
those splendidly, merely as carrier for the
they lions of Texas referred to. Bot We
Y you not forget the fertile wastes of Louis
F.; and that it would waken into life and acti
ideas Aud above all we niuet not forget the
lntry, of affluence that it will be to it's 81
'laced holders, when the Pacific road gets
tep is full operation and the tide of traffic
California, Japan, and China finally
road' towards our city over its rails.
otner There are numbers of good citizens
pc at 9th considerable amounts laid
awaiting a favorable opportunity 10
liners, -o.t,ront We would recommend tn,
cd the TO- 6na consideration to this project
mSelf,
he"'- A fellow never appreciates the T.
le0 iG- | &c a lnva half an mn