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, and less dependence than now will be placed 0
northern towns, to supply us with manulactui
: led articles. Lest there may be any doubt i


The minds of some few upon the great ac
vantages to accrue in New Orleans from tn
: Nashville Railway, it will only be necessary /
I refer them to the history Of the New York an
Erie Canal for proof that will dicpel all uncer


tanty at once.


The highest expectation tnat the great foun
der of the canal entertained, was, that in twenty
years it would bring down 25O,00O tons OF pro


duce annually; whereas in 1889 the actua
amount of goods that reached the tide water by


the canal was 697,347 tons. The tolls oil the


canal as early as 1924 were S34O000 in the
next year S566,000, and in the following year


after that $762,000; and passing over the in
.termediate years till 1897, we find the tolls
reached the enormous amount Of 81, 144, 40
i This uneXampled success necessarily followed


the settlement of,als,hose lands bounding the


canal, which for years had lain idle for want
OF means to bring the superflux Of industry tc


market. The experience Of the present season


has clearly demonstrated the great advantages


which the inhabitants Of the city in particular.


and the State in general, would derive from the


lulI eXlstence-the entire completion of the


New Orleans and Nashville Railroad. SeIec.
! ting one article ofdomestic consumption. (Flour,


II will be found in the result Of the following
calculations, that an extra sum, over an aver
age price, has been paid withn the last l2C
days, by the residents Of New Orleans and


Nashville Railroad to the Pine Woods.


The daily consumption of flour in New Or.
10 ho


flour during open navigation of the Western


waters is $3.50, the maximum price for the


last ten years, during open navigation, has been
SO, average 1926. The minimum price dur
ing the close Of navigation this year. has been
&c. the maximum Sl7, average S13; this av-
erage was maintained during the months OF
October and November so days consumption
at 400 barrels per diem would be 24,0OO bbls,
which at 1918 per barrels, the difference be-
tween the above average will make Sl26 900,
to which may be added for additional prices
paid in the months of December and January,
sixty days, So per barrel, making $73,OOO to-
| tai $l98,000. Carry these calculations out.
Through all the articles Of domestic consump-
tion, pork, beef, potatoes, butter, lard, peas,


beans, corn, etc, ETC., and add to the City's con
sumption that of the State, which looks to the
city for supplies, and the lrightiul sum of SO,
100000 has been paid over and above gener-
ial average price within months by the closing
of the navigation of the Western waters, with
this onerous and injurious additional evil, that
the people were compelled to consume the worst
of every thing at the highest imaginable
price.


Looking toI the Liverpool and Manchester
Railway, abundant proofs exist Of the immenss
advantages to result from connecting two com
mercal towns by means of an iron way. The
passengers that annually passed between theI
above named cities in stage coaches, averaged
for several years previous to the building of the
Railroad 10000; now the number is over half
a million. When we consider the locomotive
character of our people, there is every reason
to suppose that the Increasing travel from Nash
vile to this City will be in the same proportion,
when compared with that which now takes
place by steamboats,.


In a commercial point of view, the impor-
tance of the Nashville Railroad to N. Orleans,
cannot now be conceived, much less estimated. |
As a national link, binding together in the
bounds OF interest, the western and south-wes.
tern regions of the Union, its value can only be
by the patriot and the politician.
In the event fan invasion from foreign foe,
the facility afforded by this road for the trans.
portations of troops and munitions of war, will
be of the utmost advantage.


The loan of the State bonds to the amount
of $500,000 has served to keep the road alive,
but to serve the purposes for which the road
was first projected and to secure the State of
Louisiana against the gigantic strides making
by our sister States of the o1th-West to draw
off our trade into other channels, sufficient
means ought to be secured to the company to
accomplish the New Orleans and Nashville
Railroad to Nashville in five years.


The general account will shew the admins
ration of the eompany's affairs from lst Fe-
'ruary 1888, TO the 18th Januay, 1889