| From the New Orleans Times Picayune |
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| January 26, 1862 |
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| New Orleans & Texas Railroad |
| Steamer Iberville, Jan. 24, 1862 |
| The charter for building the
railroad from New Iberia to the Sabine river, and the land grant to
the company, are now laws, so that the great military need of this
road can now be supplied. The books for subscription will soon be
opened, and if our capitalists respond as they should, the road can be
built in a few months. If the war should last but for a year or so,
the road would be of incalculable value to the country. Considering
its peace uses, and its excellence as an investment, it has no equal,
and must remain without danger of competition. It is determined that
the management shall be careful, economical and prudent, but
energetic; and that the road shall be built by the company itself,
without contractors or speculators. Labor, materials and provisions
will be subscribed as stock. Part of the iron is secured, and the
balance, as well as the rolling stock, will be in due time obtained. |
| The valuable services of Col.
A. M. Gentry are secured for the Presidency. This gentleman is one of
the most active and enterprising railroad men in the Southwest, and is
now the President of the Texas & New Orleans Railroad Company, the
Louisiana division of which is merged in the new charter. |
| B. J. S. |
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