New Iberia enterprise. (New Iberia, La.) 1885-1902, 1900-01-06

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blind factories , brick yards where hand
some press brick are made foundrie
and machine shops and . ice faetorie
and cold storage warehouses. The Aver
Salt Mines are within ten miles of New
iberia on branch railroad and the Tabas
60 Pepper Sauce is made at the same 10
cality. Numerous cotton gins and suga
rehneries are in close proximity. Thes,
manufactures are all run with ample cap
ital to make their business successful ant
they all turn out a superior quality o
work
| BANKS AND FINANCIAL INSTITUTIONS.
Three banks-two national and one
state-handle the finances of New Ibera
with capital amounting to $l35, $1,000
surplus and undivided profits, $lSl 1856. 90
deposits $3.50, $50 "a loans and discounts
$545 .247.Ol. Another institution, which
is rapidly building New Iberia with sub
stantial homes bur local building and loan
association. It's capital stock is 81 900, 900,
and it has paid borrowers on matured
stock $40 ,699.7S, and the value of property Y
decided to borrowers is $2s 900. It's assets
are 100000. It's annual receipts are
$4,000.
TRAFFIC OF THE SOUTHERN PACIFIC.
Mr.. Thornwell Fay, Managers assistant
of the S. p. X. r., presents us with the
following official figures of the business
at New iberia for the past three years:
Tons of Freight No of Passengers
Forwarded. Reed. Forwarded Reed
1897 81 ,667 2l,406 31,5O7 81 500
1898 .41,s4 2l,l33 32,755 32.63l
1899. 1928 25.Ois 37,25o 36,214
These figures are a reliable index to the
activity of New lberia's business. They
show lively growth and cannot be dupli
Gated by any point between the Mississippi
and the Sabine. This company has re-
Gently constructed its double track through
New Iberia and has put in 5000 additional
feet of side track. Their Abbeville Branch
which diverges at New Iberia is now being
surveyed to Gueydan. Plans have been
drawn for the construction of handsome
new brick passenger depot for New Iberia
This will be thoroughly modern in all it's
and will be equal to the
increasing traffic of the Southern
Pacific at this point.
POST OFFICE FACILITIES.
The United States Government is about
to erect $50, 900 public building in New
Iberia. This will give us postal facilities
Of an extraordinary nature. At our rapid
pace of growth, in year or two we shall
have free delivery This will be valu-
able consideration for the Industrial
School.
THE BOND ISSUE.
We have mentioned the improvements
resulting from the bond issue as an ele-
nent of future growth. It remains for us
% specify what those improvements are to
De. Our people have voted for bond is
'ue of about $l12, 900, which is the highest
INIT which the law allows. Just as soon
rs those bonds are tloated, we shall utilize
he money for the erection of complete
systems of waterworks, electric lights, |
sewerage and drainage. In fact it is in
ended to thoroughly modernize New Ibe-
ia and to make it in every sense an up
o-date city.
BAYOU CARLrN CANAL.
While New Iberia can legally and will
gladly grant the Bayou Carln Canal an
appropriation from the funds arising from |
is bond issue in order to utilize the |
,anal for drainage purposes, the construc-
ion of this valuable improvement must be
parochial matter. 1t has become such,
md the work of construction is in the
lands of a competent board. AS our par
sh outside Of New Iberia has been asked
o levy no tax for the Industrial School,
t will be the better able to provide the
resources for this canal It will
nly require an excavation of nine miles,
md it will drain thousands of acres of
and which will prove as rich as any in
he state. Moreover it will make New
IBERIA a fish and oyster market of large
nd constantly increasing Importance.
The drained lands when brought into cul-
ivation will be another source of revenue
o New Iberia.
SCHOOLS AND CHURCHES.
In locating the Industrial School, one of
he most important considerations is the
Intellectual and moral appreciation which
he people will have for such an institu-
ion. We can only judge of this by what
community has done to foster educational
nd moralizing influences When all the
eighboring parishes of 1outhwest Louis
ma were contented VI Ah five or six
,onths' session and ve}s Y poor grammar
chool grade as the acme of intellectual
evelopment, Iberia had we'll established
inc months session, and New Iberia had
well equipped High School, which was
living advanced instruction to pupils from
t. Landry, st. Martins and Lafayette, as
'ell as her own young men and women.
The new High School building, which is
ne of the greatest ornaments of our city,
'as completed in 1896 The total cost of
was $l5, 200. OF this amount
ur citizens gave by voluntary contribu-