New Iberia enterprise. (New Iberia, La.) 1885-1902, 1900-01-06
We have the result as follows:
Total tax for ten years ...... $73. .165 O6.!

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The above table being calculated on the
average annual increase between 1890 and
| 1899, is but a modest estimate of the value
Of our tax. There will undoubtedly be an
augmented growth during the next ten
years, due to numerous municipal improve
ments and better class of buildings in
The municipal improvements are rendered
certain by an authorized bond issue to
the amount of 10 per cent of the assess
ments of 1899, or about $4,000. This
issue of bonds was approved by vote of
our tax payers on August 81, 1899. The
rebuilding of our burnt district with better
structures is now going on and shows for
itself.
Let us now determine our acceleration
of increase on some tangible and rational
basis. New iberia is to have hereafter its
own municipal assessor, who will be
obliged to list all increments in the value
OF real estate due to improvements. We
can correctly assume, therefore, that the
amount Of assessments will be annually
increased by the value of the bonds The
assessed value of our new buildings will
be at least $25, 1000 in advance of the old
buildings. From those two sources alone
the annual augmentation will be $137 900.
Leaving out of consideration every other
element of growth, we shall have on the
FIVE mill tax an increased annual revenue
of $685.. In ten years this sum becomes
e6850. Adding the last amount to the
$73, 165 already obtained, we reach as
result $8O,015. This can be correctly
stated as the probable value of our tax.
THE SITE OFFERED.
Accompanying this brief is map of the
Fifty acres of land offered to the State as
site for the Industrial Institute The map
graphically portrays its situation on the
left bank Of the Teche. Mrs. VIM. Lourd,
with the assistance of citizens of New
Iberia, agrees to build bridge at Corinne
Street, by means of which the school can
be easily reached from the center of New
Iberia. The land contiguous to the site
has been surveyed into town lots and will be
sold by Mrs. Lourd only to purchasers who
will agree to keep the neighborhood morally
respectable. The site and its environ
ments are picturesqully beautiful, and from
sanitary standpoint well-drained and
healthy. The soil is adapted to variety
of crops and could be successfully used as
an experiment station.
ADVANTAGES OF NEW IBERIA.
New Iberia is city of 5000. The actual
enumeration last spring was 1856. It is
easy of access from all parts Of the state
by means of the Southern Pacific East and
West with three trains each way daily.
There are also trains daily to the Salt Mine
in Iberia, to Abbeville and points in Yer
million, and to Arnaudville and the valley
OF the upper Teche. Moreover New Iberia
stands at the head of the navigation of
Bayou Teche and, when this stream shall |
have been dredged and cleared by the
United States Government and Bayou |
Plaqumine shall have been opened by the
same authority, our city will possess an
artery of commerce second to none in our |
commonwealth.
BUSINESS AND MANUFACTURERS.
New iberia is well supplied with variety |
Of stores which are doing an immense re-
tail trade. Our merchants, who are en-
gagged in the dry goods, grocery, furniture,
hardware and drug businesses, carry stocks
which are equal in quality to those of the
large cities. Our wholesale business is
yet in its infancy, but the trade of our
Wholesale houses has been remarkably
Our manufacturing enterpri-
pes consists Of oil mill; l rice mill 2