The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-26
PROSPECTUS
New Orleans Pacific Rail
way Company.
OF THE

The NEW ORLEANS PACIFIC RAILWAY
COMPANY was organized June. 1875. under
charter from the State of Louisiana, autboriz-
ing it to construct railroad from New Orleans
to Shreveport and Marshall. In Texas. diverg-
ing at Keach for Shreveport.
The route has been surveyed for the entire
distance SCI miles. from New Orleans via
Donaldsonvlle and Alexandria. to 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 Texarkana. 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
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 Atlantie
coast and European countries.
1t is proposed to place upon the line First
Mortgage, not to exceed $4,000 per mile. Bonds
to bear per cent interest. payable semi-annu
ally and to run for forty years; say on the 8s1
miles of road s4,ss2, 600. of which are now offered
to the people of New Orleans s675, Ooo-proeeeds
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 roed-bed.
The following estimate, prepared with care by
the Chief Engineer, is herewith submitted:
GENERAL ESTIMATE
From New Orleans to Marshall. ......33e miles
From Keaebi Junction to Shreveport. Is miles
Total. ......------...........36 1 miles
Graduation and bridging. ............ 81 392,7OO
Superstructure laid down complete. 2,274,300
Shops, station and section houses.
wood and water stations. and sid
1ngS,.. ACKNOWLEDGEMENTS. 2S5.8O0
Engineering and superintendent.
contingencies and general office ex-
penseS. rs per cent. .--.............. 296.400
Total exclusive Of rolling stock. s4.249,200
300 Cars Of all classes at.s5oo. 100000
90 Locomotive engines ut 81 800 225 900 G25, 900
Total, inclusive Of rolling stock. s4.B74,2O0
Equal to s13, 500 per mile-average cost Of whole
road completed and fully equipped
City subscriptions paid. .-........-.... s825.ooo
Subscriptions in parishes available. 10000
at twenty-five cents per acre. 71,60O
First mortgage bonds offered in New
Orleans. Observation-Disclosures. C75,Ooo
First mortgage bonds on 361
miles ut s12o 900 per mile. s4332ooo
Less above ......-.t.. 675000-- 3G57O 900
Total ....................s5 IS, 1853 COO
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 end
sugar growing region tributary thereto. and the
advantages Of New Orleans as n cotton market
will bear 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 secur les.
The earnings for the first year after compile
ton of the road. estimated thus:
$50 900 bales Of cotton at 81 100000
5000 car loads Of stock at $40. 10000
5000 car loads Of grain at $40 trepre-
sehting about 1000 900 bushes).. 210,O0~i
.. s. Mail. 800 per mile per annum. Tssaaes
Express and miscellaneous freight by E#
passenger trains ...-.............. 20.0Do'{
Through and local passenger traffic 15O,0o
freight .................. -,peo,Gaos
-@#s.-A
Gross earnings. -....-...-...... .-- .sfsess--
| Operating expenses and taxes. 60 per
cont observation-disclosures. 10000.
Net applicable to interest ..-.--' s546'asoa
Annual interest charge on first mort
| gage 81 $4,000. at per cent .-.+.. 2'9a2oF
Net, applicable to sinking fund and !
' di,'idends ...,................... &2ss,52e.
NnrTrE tn TEAcHERS