The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-14

most impossible for 1t to sink. The same
radical departure from existing models marks
his suggestions for the new design Of towbOat,
which Is to be OF just sufficient size, and no
more. TO carry the machinery and fuel neees,
sary. These boats are TO be OF iron also anu
the details of the construction Of b0tn Doats
and barges are fully explained BY numerous
plates and diagrams bound In with the pages
of the pamphlet. He estimates tnaG paTge ss
constructed In accordance with the plans
given will last with ordinary care, more IMAM
forty years, the average cost OF repairs, IN
elusive of painting, etc, during that time not
exceeding ~ per cent per annum. 20 IL IL
surance will be needed on the hulls, as It Will
Be almost impossible TO sink or burn them,
and the cargo will be SO secure that the M
sIirance on IL will be merely nominal or
even may be assumed by the transporbaa5glollnl
companies, as 1t now Is by railroads.. MoTe
than this these iron vessels will pass bnFOugn
tine water 40 much more easily than wooden
hulls as now built, that 1t is SAFE 70 ASSUME s i
that five iron bargeS can be t0Wed WIN gIle
same power now required IOr iOuE Woosueh
barges of like dimension and draft, eqqlva-
lent to an increase Of 40 per cent. bstl-
mates are given of the cost Of trips. on the
unner and lower river with we'll built iron
boats and barges, including every expense
except insurance and wear and teal,
which show that at four cents bushel
a towboat and three barges loaded to
four feet depth on the down trip can clear
1895 net profit each round trip, which 1t can
make In ten days, or eighteen trips o season,
while d towbOat aud five barges loaded TO
seven feet on the down trip to New Orleans
would earn Sg597 net profit each trip carry
ing grain at 31sc per bushel taking twenty
DAYS for the round trip and making twelve
trips every year To make clear the brilliant
possibilities Of these low rates statistics are
given at length showing the present cost OF
transportation to the seaboard by all the
different routes
These facts Mr.. Chouteau will present to
the European capitalists personally, as pre-,
viously stated, and his pamphlet is intended
principally as q means of presenting In con-
venieIit form the statistics and other figures
which he will have occasion to refer to,
| His main object is to show the great
| opportunity offered 10 any company, which
will replace our imperfect boats, barges
and engines with the more perfect inyen-
| tions In use elsewhere, and the designs
which he offers are more In the way
| of suggestions than anything else. When
| It Is remembered that Mr.. Chouteau repre-
| sents one of the most wealthy corporations In
| the West; that he will be accompanied by an
| officer of another company already engaged
| In the grain transportation business, and that
thew are prepared to make such PROPOSE tons
! as will show that capital in this country is
| willing to embark In the venture he advo-
Gates, it will be seen that the prospects OF his
succeeding are most encouraging. He will &C
| to the foreign capitalists In a different way
! from what they have hitherto been approach
ed. and there Is no doubt that he will return
| empowered to set on foot the most important
enterprise ever undertaken in the Mississippi
valley.