The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-12-01

publieoeion OF which y authorized BY
lhe Boat Of Dirsctors OF the Ouachtta
Valley Hallway Company:
"Thso uachssa Valley Railway Com
Pany has entered into . contract with
Ihe President Of the Houston, Central
Arksnsae and Nortf,ern Railroad Com
pany II substance as sollows:-rhe
latter Company agrees ADD binds itself
TO commence work, at Monroe within
fifteen days thereafter to grade, bridge
aud comptete . first class standard
gusge railroad from Monroe 10 Baslrop
OF point north>esss Of Monroe In the
parish Of Morehouse not less than
twenty-five miles from Monroe and In
addition 10. grade said railroad from
Monr0s sosaeheslY TO. Columbia or Q
polntin Csldwsi parish not less than
twenty-five miles from Monroe, and
the said Houston, Central .Arkansss
aud NoEthssp Railroad Company for
the faithful performance OF lie obiiga-
lions az TO time aud Ia all other res.
pects gives bond with security to be
approved by the Onschita Valley
Railway Company aud 10 IT. favor Ia
the sum Of ono hundred and nhy thou
sand dollars which ID to inure to and
belong TO the Oaschl.s Valley Railway
Company tu case II be- forfeited.
"Thos tOuachIts Valley Railway
Company on isspa't agrees 10 pay to
the other contracting company seven>
ty.ave thousand doitars in three install.
nents each Of twenty-five Thousand
dollars. the frat payable on the COM
p'etlon Of the grading of the railroad
to BAstrop or the point selected 10
Morehouse; the second on the compile.
ton Of the grading to Columbia; and
the last when tbs road Is completed to
Bastrop or the point selected ia More.
hoase aud oPsuea fJr general trafac.
"When the railroad 10 thus completed,
the subscribers 10 the Ouachita Valley
Railway stock are TO recsive the cestld
Gates Of stock Of tie Houston, Central
Arkansas snd Northern Railroad Conn.,
psny In lieu Of the Oaachita Valley
Railway Company's." ...,.
In general With our people the Tsie.
graph feels eiaied over this outcome,
tor we consider our prospects bette.
than ever before.
The advantages offered by the pro.
position Of MI. Bright are many, two
OF the most important being that be
proposes to build SO miles OF road
instead Of Is, aud hts company obi.
gates itself 10 do The work In $50 days
after the acceptance Of the proposition
much shorter time than the Qua
chita Valley Company could have
possibly done the WORK, since thai
onopany would have had all the pre-.
ltminaEy details aof surveys, securing
rights Of way, &C., to 60 through with
all Of which would necessarily have
consumed q great deal Of time.
Tee Valley company has already &C.
|
of $4,000, aud will make /,
reach the necessary $4,000 In few
days. The people Of Morehouse are
aroused, aud we are told will raise
$35,O 600, and al least go, 900 will he &c.
cured between this place and Colum.
bia, and In CoI0mbia.
The gentlemen who are backiup
the Houston, Central Arkansas and
Northern are perfectly reliable and
will carry "ai all shey obligsts them
selves to do. They are capitalists and
Experienced rnitr" d men ami will dc
the work In the least possible time.
1t will be money In their pockets 10 d.
Il and they are not the kind to allow
grass 10 grow under their feet.
We consider the road a dead shot.
Let us shout.
the LOUISIANA RETURNS.