The weekly Iberian. (New Iberia, La.) 1894-1946, 1911-08-12
THE RAILROAD TAX.
What the Proposed Tax Will
Cost, and What Il Will
Probably Return-Consid-
cred as an Investment.

|
The tax proposition to be sut
mitted here IL different from tina
submitted in Jeamerette IN tina
here it Is u new proposition an
does not ask for any extension Q
time in which to complete til
road. But in both places it i
CONDITIONED that the road shall b
completed by the 3lst day OF mex
December. If this special tax b
voted here, as it has been vote,
ia Jeaneretie, it means that tn
railroad company will have to &c
very busy with its building opera
tons alta very early date. Thi
will mean the turning loose o
large sums Of money to labor her,
this fall and winter, q feature de
sirabIe in itself.
The dOmicIle Of the Iberia, St
Mary & Eastern has been declared
to be New Iberia. This will b.
the business end If the road, pos
s:5Iy for very long time Il
means that Offices must te main
tanned here and that many EN-
plOyees will make their 9hOmes
here. They will receive their
monthly pay At this point aud the
bulk Of their earnings will be- PIT
into circulation IN this city. Al
the bonus, or any part Of it, is no,
to be paid till the r0si is 10 opera.
ton, It looks to US AZ . good pro-
position for the following reasOnt !:
The bonus is conditioned to b.
paid to the road in ten annual III
stallments Of $4,000. If this
amount were divided INTO twelve
equal parts 1t would represent q
monthly bonus Of 1876 II the
road employs but one locomotive
eDgin ser, one fireman, ono co,rjuc-
tor, one brakesman, and one train
porter - one very small tram
crew--whO will make their homes
IN this place, the pay roll Of the
road will put more money in circu.
'atiOn 10 this place than il will re-
ceiYe from the bonus. But, in all
probability. there will 10 more
than one train crew needed, Oper.
sting out of this point; an agent,
clerks, depot pOr ter, section fore.
man and section hands, their
monthly pay, aggregating several
times tbs bonus, will be put into
the channels Of trade Of this city.
A few weeks ago We called at.
tention to the fact that while We,
the taxpayers Of the city Of New
Iberia, are paying an annual
bonus to the New Iberia & North.
orn Railroad Of some $500 per
year, that road was then paying
out here to men employed by that
road who live and spend the bulk
Of their earnings here, something
over $4,000 . year. Since tbp
writing of that article the N. l. 81
N. has considerably increased its
pay roll. Since theqsths Auditor,
Mr.. Nelson, has come to as to
make bis home.
Statements published ia this
journal some months ago showed
ne value Of the pay roll of the
southern Pacific railroad to this
town-it 10 to-day exceeded by 10
Industrial institution 10 the place,
Iet ct its beginning 1t was not
very promising.
So, II New Iberia can start an
'ther Of these pay rolls, which
vii have no seasons Of suspen.
don, no shutdown for repairs, bat
Ioas perpetuslly on year in and
ear on, BY the payment OF .
'oDus not exceeding 1876 per
month for period IT ten years,
specially where We will get back
ITO the channels OF trade here I
rester sum per month from the
cry start, II strikes % that IL
'ould be . good business PROPOSE.
0n. II
A few days ago there was some .
pl'ositlon developed to the fol
wing binder clause which an
carr In the "Petition" OF the tax.
ayers 10 the City Council asking
~ the special election be called:
The undersigned hereby declare d
"a agree that in the event that
le railroad line in question be con- :
ructed on or before Decemher /"
Of, 1911, in the event OF the resulf q
the election herein provided fnr Z
ing adverse they each will NV .
mills on their respective ss.a:: :.
eng IN the City OF New Iberia, for
PERIOD OF ten years, In aid Of and -
Z the benefit Of said Railroad y
.mPany. and they each hereby re- m
gnixe that the obligation Is the :.
u ana only endorsement for the y
OF said railroad. and o
o the confederation for the oh d.
!:tson . the enhanced value Of
s s. respective properties which
~ result. They each declare that
9 construction Of the railroad "a :.
rem provided for 10 based entire y
upon this obligation assumed by
Al . meeting OF the board or al .
tors Of tho ! 81. n 4 e Il. r =
resolution vas presented and =