The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1881-01-15
OUR NEW ORLEANS LETTER

/ =
Gould buys the Donaldsonville Railroad
On to Texas s-Golden Future for Donald
! sonville-Doings of New Orleans Hood
| lums-Capital joke ON two Booty Peel.
| ers-Judge Davey Clears his Court of the
| Pestiferous Shyster-Land Leagues in
New Orleans-Theatrical Chat.
NEW ORLEANS, La, Jan. IL, 1881.
/ EDITOR CHIEF:
Rumors i'll regard to the purchase Of
! the Morgan's Donaldsonville railroad
are rife and it is even asserted that the
act Of sale has been passed and that the
| purchase price is represented in the
! munifcent sum of seven hundred and
| fifty Thousand dollars, and that the pur-
| chaser is none other than the great
American tinancier, Jay Gould, the sim
pie mention of whose name in connec-
ton with any business undertaking is
the heralding of it's success It was at
first surmised that the managers of the
Morgan Donaldsonville railroad would
be rather obstreperous to all steps that
would be taken towards the early COM
pletion Of Gould's New Orleans and Pa
cific road, that road being destined to
become at no late day dangerous rival
to the Morgan Texas road. But it seems
| that the managers Of the latter line have
succumbed to circumstances beyond
their control, and that the bright future
in store for this State in view Of the
early and rapid connection with the
Lone Star State, will be wholly due to
the towering ambition and gigantic
abilities of Jay Gould, the great railroad
king. 1t is estimated that the business
| which this Pacific railroad, running as
it does through tho richest country under
| the sun, will draw toward the Crescent
City, will be fabulous compared to what
| it is now. In view Of that fact, it will
be we'll for the business aud enterpris-
ing public Of Donaidsonville, to weigh
we'll the golden field their town, situa-
ted as it is at the head waters of a stream
which flows through portion Of tie
sugar-bowl of Louisiana, aud with the
great Texas Pacific railroad running
through it's very heart, offers to men
| with capital and energy, and not let
themselves be caught mapping by the
hordes Of capitalists, who, in view Of tue
rich field so glaringly visible in the. not
distant future, will flock to the then
promised land and assume control of the
enterprise, which, though not indispens-
! able now, will in the near future be
palpably necessary to the wants of the
times. That the Pacific railFoad will be
OF incalculable value to the town Of
Donaldsonville, no sane man will Coz a
moment dispute, and that fact combined
with the advantages of being located on
the banks Of the mighty Mississippi and
the swift flowing Lafourche, renders
Donaldsonville desirable place for in
vestment, particularly in real estate.
Let all owners of real estate hold fast to
their lots, for the time is not far distant
when property in Donaldsonville viii
command price fabulous to its present
market valre. This opinion is not en-
tertained solely by the writer, but is the
sagacious utterance oeyore known far
| and wide as man of kean business fore
sight. Again. the long victimized
| planter, serf as he is to tho New Or
leans commission merchant, will have
the opportunity Of carrying into practi
| cal effect the slang, Gimme your
money and take your CHOICE" in the fact
that the Texas Pacific railroad running
by, or in accessible proximity to several
Western cities will enable the money
compete for the sugar trade, equally
| with the greedy and usurious New Or
leans broker. And it is not idle. talk to
say that Western capitalists will make
use of the opportunity and the advan-
tages thussoffered, in @manner that will
| rebound to the interest of themselves and
the untold benefit of the long abused
| planter. Competition is the soul Of
trade, and that the total absence of that
charming ingredient has been disastrous
to the agricultural interest of this State,
the Louisiana planter, IS arule, weighed
down by interest amounting nigh unto
confscation, is called upon to testify.
The premises considered, it is palpable
that the outcomings of the completion
of the Texas Pacific railroad will mani
fest themselves, either i'll compelling the
New Orleans money lender to reduce
their present usurious interest and out
rageous brokerage, or see the transfer
of the sugar traffic to Western cities, as
far as the portion Of Louisiana through
which the Pacific road traverses is con.
cerned. A careful reflection by the pub
lie along the line of the great road, and
particularly by enterprising people o
Donaldsonviile, of the manifold advan
: tages soon to be offered them by the
early completion Of the New Orleans
Texas and Pacific railroad, can not bu
, overwhelm them with the blissful reali
zation of the fact that the stime of de
liveranoe" from traditional fogyism ha
at last arrived.
3 predict glorious future for Donald
: sonville, and were l capitalist, woul'
: soon "corner" the real estate market il
q xoIxr :ri,,ce ~ Il ,.1,,,l