The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-26
THE RAILROAD BOOM.

THE RAILROAD BOOM.
Texas Pacific to be- Pushed to San Diego
What Other Roads Arc Doing
Goulds Projects.
boston Journal Letter from Heat Del Castello.l
Now that tho Texas and Pacific Raliroad
Company has decided to push The completion
of Its line ut once, from Fort Worth, via El
paa0. To San Diego on tho Pacific; That Jay
Goad has decided to complete the Southern
railroad of Utah IA soon Ms possible to the
head OF navigation on the Colorado river, nt
Aubrey Landing, In Arizona, and thence to
SIM Diego: that foreign capitalists are ready
with the necessaryfunds; and that the South
ern Pacific Railroad Company (only another
name for the Central Pacific will soon have
lts line finished from San Francisco to Tucson,
to the south and head for the City of Mexicov
the report, which comes with an air Of anthem
tIeity that the Atchison. Topeka and Santa
Fe Railroad Company will shortly commence
to build the west endtof their line east from
San Diego becomes an Item of deepest utter
eat not only to the rich mineral region Of
Arizona. but also to oil Of the Pacific coast,
and especially SO to Northern Mexico. san
earnest of ts purpose the Texas and Paeifie
lately sold sGDoO,ooo OF Its first mortgage
to par. Jay Gould will build 100 miles OF road
this season from York, In Utah, south toward
theaColorado river. The facts arc these. The
Texas and Pacltlo and Jay Gould have IN
offer from foreigners OF all the funds they
need, with which to complete these great lines
within three years.
In these times mon will build railroads To
the moon provided others furnish them with
the required capital. The plans are these
Jay Gould. backed by, Holland bankers. will
nvf1 ,pI fu L,,, bar IN Inf RI
Ing the Colorado river near Callvltle and
again Mt the low winter head Of steamboat
navigation. with n branch from there to Pros
colt, while tho main line will be extended
From Aubrey Landing line Of steamboats,
will connect his railroad with tho steamships
Mt The mouth OF tho Colorado, now running
down the Mexican and the West Central and
South American coasts. Gould will do this In
order to secure his share or the trade Of this
vast region, and TO protect his Union Pacific
Railroad interests.
The Southern Pacific Central Paciflc has
built It's line from San Francisco to Yuma,
and thence nearly to Tucson. thus occupying
and controlling the trade Of Southern Ari-
IONA. This compeIs the other lines, tho Texas
and Pacific and the Atchison. Topeka md
Santa Fe, to seek other localities through
which to construct their lines. No doubt but
that the Atchison, Topeka md Santa 70, now
building down the valley OF the Rio Grande ut
the rate oil two miles per day, will extend one
Of It's lines to G,lyainas, Mazatlan and III
time to the City OF Mexico, while Its main limo
will be built across the southeastern corner
OF Arizona into Sonora, crossing the Colorado |
river near tho mouth, and through the great
timber, coal and rich mineral belt of Lower
California. touching the State Of California
only rs 1t reaches point within sixteen miles |
Of San Diego. This line gives to the Ateh-
son, Topeka ana Santa Fs Company the
Of the entire control of tho trade
OF NIL Northern Mexico. hardly a ten miles OF
which will not furnish paying business to
road occupies It, as soon MS COM
pleted. 1t also controls the coastwlse trade
of Mexico on both sides OF the Gulf OF Cali |
Iornla, and the Western Central and South |
American trade. securing It for this country, |
whereas nearly all Of 1t Is now controlled by |
Ihe English. Again. II would cross tho eoal
fields OF Sonora and Lower California, the
these two States, and run through the salt,
alum and sulphur mines of the latter. and |
across its fine pine regions which extend
lao miles from north to south and thirty |
rom east to west-by feasible route
lesert wastes of Southern Arizona and
southern California and the dragged noun
.ain ranges Of the latter. over which to
guild q railroad would be long tedious, DIFF
icult and very expensive task. The building
inc to the Pacific, controlled almost entirely |
through It's whole length by themselves. at i
east four out of five Of Its great links. VIZ.
,he Hoosac Tunnel Line, Michigan Central,
chicago, Burlington and Quincy, and the At
Unison, Topeka and Santa Fe railroads. 1t
would also give Boston and New England the
great trade OF oil Northern Mexico, which
promises to double each year for at least the
lext two decades. american capital brains
act ana energy are notwithstanding the whole
manner nnd system OF doing business
throughout this whole region, A warm hand |
rIf hX ha nv me mn
people to all Americans who go there for any
rood purpose.
A very large number Of the very best gold
md silver mines are passing into the hands
If American capitalists. There are now
probably fifty American mining companies
here will be more than ono hundred and
lfty others there Inside Of the next six
months. In Sonora the gold and silver mines
Ire turning out q vast amount Of gold and
silver every month. Among the most sue
,essful is the great banking and express
,he very best silver mines In Mexico. In
Lower California the results are still better
One fine silver property has just been sold to
IN English company for S3,5o0,000 In gold
cash down. Another fine mine i5 turning out |
not less than $500: 900 per month, The copper
ton In copper, sG5 in silver and S25 In gold, q |
total OF $225 per ton--ore paid for in gold at |
The steamer landing, without being worked |
are found to run into silver ore worth $500 to |
300 per ton at the depth of 200 or 800 feet. |
Several of the gold and silver mines on the
Santa Fe Railroad are being put to produc-
lion, and the outlook OF the future Is certainly
q most promising one.
ABOUT SILK.