The Times-Picayune from New Orleans, Louisiana • Page 2

On fox dat moBXcna, sjtrr, a. isrs THE PANIC. Opinions of thajNew York From the New Ywk Trlbaae, Sept- 2a is more certain than, that in a very few weeks there will be plenty of money in Wall street. Prices have fallen; speculation is checked, and onr present volume of currency will be amply sufficient for all requirements the moment confidence (we do not mean credulity; is restorea-Jinere seems reason for believing that the worst of the storm is over. Some heavy purchase of stocks have already been roadeia Wall street-by outsiders, and more will be made as eoon as men with ready money com to their senses and feel bottom, (From the New York World- The present is by no i means an-imaginary disturbance, i like all convulsions of the kind, it has a train of chimerical attendants.

As soon as the crisis is stripped of unreasoning exaggerations and. the difficulty reduced to its real dimensions, business will proceed in a more healthy course. It is no wonder that a general feeling of insecurity and alarm pervaaea tne community, on 'the sudden. failure of so extensive and trusted a house as that of Jay Cooke Company. People naturally felt that they knew not whom to trust, 4 or what banks would fall next.

the suspensiou of Jay Cooke Company is traced tn MTiRPn which so distinctly exnlain it that it ought not to affect the credit of, other banking-houses which are free from, such speculative Of course, all who have business connections with' Jay Cooke Company must suffer with them, and all banks which have undertaken to carry similar loads must expect to share their fate. But that does not ustify unreasoning, undiscriminating distrust. Let ns hope thattha wave Las passed under the ship, and that the danger is past of its being driven upon the rocks by a gale of exaggerated fears We have no wish to disguise the probability that these failures will exert a more or less depressing effect oa the general business pi the country. But a check on- speculative buoyancy will -be wholesome. Too many enterprises are' undertaken' which do not rest upon capital but upon kite-tiy in g.

-There is a limit to the safe investment of real capital not only in unproductive, but even iu productive enterprisea.rv the annual investments of a commaaity exceed its annual savings, it has em-, barked on a career in which it is certain to be checked by the stern hand of nature and necessity. Yoa cannot play your cam ana nave it. vv nen community are invested in new undertakings, the capital with which ordinary DUBinesa is conducted is trenched upon and diminished, and peneral stringency, and salferinsr is the inevitable consequence. The capital which has been absorbed the Northern Pacific Bail road Company cannot be used for-other nurposes. It is so much tatcen out of the general fund available for the business of the country.

It is an evil which cannot be remedied by new iRfiiiM of nawr moner for credit is not capital, and if the thing does not exist a multiplication of titles cannot create it. The only effect of swelling the currency by new issues of greenbacks would be to raise prices, not to 'increase' resources. What we need is a restoration of confidence by taking the actual measure of the situation, and then proceeding to transact business on therhonest basis of fact and reality, without trying to make ourselves tall by walking on tiptoe. We have deluded ourselves too lonar with fictions now let us manfully face the situation and try to be lovat to facts. From the New York Times The baukeis have been departing -from their legitimate line of bu3i-ucstf.

There has been a railroad mania, and the banks havo lent large fcuniB of money on railroad bonds, to the of the merchants. If thf se banks had contined themselves to the transactions which come prop-' crly within their scope, we should have seen no trouble in Wall street this week. They have practically gone into the business of contractors. brokers and speculators. The 1 pro- lectors or all sorts or new Toad hav-A absorbed the capital which rightfully belongs to the legitimate trade of the country.

Last year, over 6000 miles of new railroads were built, not 500 miles of which: were really. needed or can be to any profitable use. The foreign markets have been glutted with these schemes. Many gross swindles of one kind or other have been foisted upon these markets during the last two or three years. At last, confidence has been broken down.

For some years to come, nothing bat a first mortgage bond will And ready acceptance. Many-of our bankers acoumulated railroad bonds in the expectation that they would be token in Europe. They supposed they would get a commission, and with this they proposed to retire from the scene. But the foreign markets suddenly failed to take the bonds offered to them. Tor the.

present they have had enough. The investments-submitted to them of late years have not paid. 'A'great deal of capital has been sent over Itere for whica no return whatever has been' The, Eublic would be surprised if 'they new how many "wild-cat'' schemes' have been placed upon the market in London or Frankford with tem' poraTy success. Now the reaction, lias come, and we are suffering the consequences of' a loss of condenca; in one important' branch of our na- tional enterprises. 1 The great thing now is notto point a moral, bat to.

Avert, impossible, a continuance of the misfortunes of the past two- days, i Of -course, the impulse of everybody in ditncalties is to look to-the Government for It is anile that the Treasury cannot play: the' part of a puictttna wnenever over-speca-r lation, or imprudent involve commercial houses in If it were possible for the Secretary of the Treasury to. check tho, course" of the panic, without exceeding the proper limits of his functions, it would no doubt be desirable for- him to act without delay. But it is very diltiealfc to suggest any course likely to be effectual which he could safely The first thing needed is confidence. Can the Government restore that We do not see that it can. ---Oar business- men must, under any circumstances, assist each other.

tn tide ovt their present difficulties. It i the scare which is knocking down good firms like so manr children's' toys. The worst would be over before 11 o'clock this morning if people in the street would give up chasing each other like a pack of frightened sheep. time let forbearance be extended to firms "reported" to be in difficulties. This is hard advice to give in the midst of a panic, but unless it is followed there is no knowing where this sudden storm will end.

The very men wno neip to increase ina gea era! distrust may be the first to suffer by it. Let us try to get over to-day without fresh failures, and by Monday the air will be much clearer, and and we have no doubt that some of the "firms which" have already suspended will be able to see their way out of their difficulties. Tisk and Jav Cooke Co. "will," apparently; be able to' meet their iiaumues. rioura sio uiwo yiciuuo than gold at a time Like the present.

There is not the slightest necessity for public alarm. People need not tun to savings banks to take their money out this scare does not affect banks which have avoided plunging into rash speculations. But if there is to bea blind rush at every and a sudden call on "every large firm, there is no telling where the disaster may end. Iu two days, if a little patience is shown, the business of the street will resume its usual course. Is there not commou enough left in creditors to Je1 menu to protect by abstaining, from encouragiug the present tendency to bring everything to the ground From the "New York Herald The good results of these failure for even disaster often bring goodwill bo to straighten out the doabc-ful-enterprises which, have, been the, ruin of the unfortunate -brokers.

Ever since the war it has" been the custom with many leading houses, and especially with those which acquired reputation during the war, to glut the market with the bonds of projected railroads. -The successful tonetruction of the Union and Central -Paci tie gave great impetus to these projects, and high rates of gold interest were promised on roads when scarcely a rail or a tie was laid. Thu whole thing was a bubble, and it was certain that all of the worthless companies would collapse in the end. Now the collapse has come, and with it it involves the destruction I of banking-houses, and possibly of railway corporations, which were sound before they became extended by their efforts to monopolize the entire trade of the conntry. Theso not only bring failure to those, who undertake them, but the public are victimized and American credit is scandalized and weakened, both at home and abroad, and especially in foreign 'markets.

When the crash comes the only thing: that is consoling is the fact that the mythical enterprises ar swept away, and that legitimate busi ness receives moie attention than while the bubbles were preparing: to buret. I is plain that not oidy the speculators, but the country, must come back to the true method or doing business. It is unsafe for any man or any firm to buy more than he or they can pay for. Buying on credit and dealing upon hazardous margins are the source of all our commercial evils. When one is in debt he is at the mercy of every wave of fortune.

Money becomes a necessity at the very moment it cannot be obtained, and ruinous interest is paid for accommodation, ruin is averted by the assurance of its certainty in the end. Matters in themselves of little importance will destroy a fair credit." One of the Circumstances which helped to overthrow Jay Cooke Co. was the legal war the Government is making against the Union Pacific Railroad on account of the Credit Mobilier frauds. Public in wild railway securities was thereby weakened, and this was one ot the reasons why Jay Cooke failed to negotiate the bonds of the Northern Pa-ciliic. Things that in themselves are trifling help to destroy the calico forts of speculation.

People who are in debt are alwayt lost through tho inability to realize, -and their weakness often, comes from the weakest and most trifling of outside causes. It was soin this case. Had these houses been pursuing a legitimate business upon their own capital they would not have failed. Even a worthless railroad cannot destroy a house which has paid for all the stock and bonds it has in ita possession. The company may fail, but the house loses only what it has paid for.

The men who are in debt and the unfortunate people who have invested their money with men who are debt are the only ones who suffer in a financial crisis like this one, which affects only the extraneous business of reckless speculators. Outside' of this current nobody is hurt, and everything goes on as if there were no Jay Cookes in the world. It is to be hoped the lesson of the crash in Wall street will not be disregarded by our business men. Never has the failure of reputable brokers done so little real barm or taught so wholesome a lesson. The great business interests of the country are un-eff'ected, and trade moves on as if nothing had happened.

A healthier toneissure to pervade business circles when wrecks are swept away. The reckless spirit of speculation will be restrained. It will be more "apparent than before that the legitimate business of the country-is sound and safe. "A week ago general prostration would have been predicted on the hypothesis that JfryCooke Sc. Fisk Hatch, nod a dozen other leading bankers 6hould faiL; They have failed, and yet no serious consequences hare re--suited or are likely to result from the disasters which have overtaken them.

They found to be only a few' men making haste to be rich by dealing in unsound securities and attempting to do ajarger business than their capital-allowed. While we regret their failure WB-Tejoice that the crasn no more evil conse-' qoences than to clear the atmosphere, d. the that: the true TepreBeoiauves ox. American busiv ness and credit are uhaff It has beenrlet its hope like a thunder storm in midsummer. LThe torm is over, the.

sky is clearer and tho air purer, s- i i You want nothing but dish-kettle," said an old honsewlf iu the back-woods to. Jaa daughter, who hadjat got '-'Why, when your father aud i commenced I had nothing bat a cifeh-ketUe. used to boil my coffee in it, and pour, it, into, a pitcher; thea boiled my potatoes in it, and set thenar on a warm plate, while I stewed up th meat in it; used to milk in it; and always, after a meal, I fed the pigs out the 81, if you ainiad to, yru jean use it for OUR NORTHERN COTTON UHIT. The BallrM fm Faltaa, Tares Beatfc. era Arkusas-Travel Tklther frsm the Nrtbera ParUfce.

To the Editor of tho Ploar no i xrfE- Latest raileoaj? ixtensiox. The greatest event in Southern Arkansas since the war, is the completion of a railroad from lied Eiver to Little Bock, or the extension of railroad lines from Fulton, oa its southwestern extremity, to those of older cities. Southern Arkansas, on the first of this month, was put in railroad connection with the rest of the world, and in two months more, by a completion of a bridge across Red liiver, and the building of thirty-fivo miles more of railroad, the greater portion of travel -from the East to 'Texas and Mexico will pass over this route. As the completion of the road to Fnlton lias made that point one of no little commercial importance to the surrounding country, we accepted an invitation from Mr. S.

Y. Gladney to pay it a flying visit, and to discover in what way the new road will affect or benefit us. So far as picturesque scenery goes, the portion of Louisiana between liomerand the line stands long in advance of any other on the route. At liujiifeville, twelve miles distant (a growing town with some half dozen the hills disappear, and the ioaas are one unbroken level for the balance, of the journey. Tho clear qnuing branches no longer are seen, did wherebayous or streams formerly exist is at this season only by dry channels or long poote of stagnant water.

The roads could not be better at this season, however it may be in winter, tor travel, and a couple of good mules will put you over" fifty miles. of. road without trouble. jAt tho post office known as the State Line we stopped at the watering trough of Mr. James Whaley, aod readily accepted an invitation to dinner.

Even on the dividing line, tie informed us, there was a great difference in the' prices of land io Louisiana and Arkansas. This difference in value is partly owinc to i be hilly character of the ground io North The best land in that locality does not command over while $8 or $10 would be demanded heie. The best unimproved land and there is any quantity-of it can be entered without tiouble. MAGNOLIA, we passed at sundown, and after leaving Homer is by far the neatest and most orderly town you at ill encounter in yourUravels. The court-house, hotel, and private residences had about them an air of freshness, which we regret to pay we saw nowhere else our travels, and which seemed to t-how that the inhabitants had some respect for their neighbors and theni-aelvt-s.

The hotel with its peaked aves, cupola and long portico hi ought to mind some old English host It-ry and for any one familiar with Arkansas hotels, it was refreshing to tee the head of the table pre-fidtd over by a well dressed host-, ess, to whose natural bloom the presence of a bunch of flowers in her hair imparted an additional charm. The Magnus Apollo of the place is a jovial Teuton of the name of Jacobs, who has a two story billiard saloon and grocery, and who not unfrequcntly clatters away at the Jall8 himself, and leads the -youth of the town with a tremendous cue. iTbe second day's ride carried us through Palestine, which now has no inhabitants whatever, and which we did not know that we had passed although the road! goes through the heart the place until we were fccme miles i LAJ1ARTINE, which was brought into existence under a project of old Gen. Dockery which would have swerved the railroad to the southern corner of the is sot much more prosperous. You pass through a long lane of slim pOplar trees through which the autumnal breezes are rustling, past Beasley's cash grocery, one store, an ambitious church with a lodge-room overhead, and past the one tine two-story residence of the place built by Gen.

Dockery himself years ago. The ojd brick building with its verandah for each story in this desolate looking country looks still more desolate from the reflection that the old General died without realizing any of his dreams, and that neither his house nor the princely tract of ground which goes with'it has much value. iln Falcon you see three 'or four similar fine-pillared residences, which must have cost $5000 each, and which, with land, improvements and all, would scarcely bring $1000 apiece npw. As the traveler approaches the railroad, the old, farm houses, which for the most part are built of logs or un-painted, begin to show some signs of repairs, and wagons are overtaken laden with shingles, lumber or families journeying towards the new railroad station. The teacher of a wayside eebpol, with twenty coatlesa and tightly gallowsed-up boys under his charge, told us that at one time he knew every man that ever passed over the road, but he did not know one-twentieth of them now.

(At a little after mid-day, and after traveling 80 miles, we reached i hope, the last Btation before reaching Ful-tor, and from which it is distant 15 The location is a level prairie of 6000 acres, covered with long sedge grass. 1 The first sign of life was a large tent about which were cooking or eating, some, eight or ten persons mostly male. A tent which appeared to contain commissary, stores and a quaitrniaster's: writing desk, next cauie in sight, together a new depot of considerable size, and about which were clustered some fifteen new houses, all more or less designed for purposes of trade. The place has its complement Of bar-rooms and trading house 8, although new 'settlers con-, tinue to come in faster than they can obtain supplies of Most of these were from small towns adjacent, and one of them, (Lewisville,) it was said would be moved almost bodily, to Hope. hotel and livery stable were partially covered with shingles, in a -week after the place was -established the competition for the little trade the depot would attract was greater than in the oldest town, Considering the fact that no water could be obtained without boring 800 feet; or hauling it "tor miles, and that town lots- were worth $150 apiece, it did not appear probable-that-the hopes of -most of the new comers would be realized, or that their stay woulcL always, be of Yery lonjrdnration.

The train for Fulton reaches Hope at 3 P. and entering this we traveled over" a- road well ballasted for the time, it has been coripleted and well supplied with sleeping and passenger cars. Except that it ap pearedtobe filled with rowdies and blackguards one would not have discovered that the railroad had been completed within the past two weeks. The country from Hope to FULTON -5 was entirely unsettled and did not so far as we saw have an old farm house on either side. Arrived in Fulton, a crowd of two or three hundred idlers were gathered about the train, and as there did not appear "to be but one respectable house in the place, or which contained lady inmates, it was not very difficult to decide which way to go.

It is true that the old Fulton House is still a hotel. But in the name of Somnus or Apicirs, such a hotel. One can still climb up the rotting steps, and the old piazza was not so full of boles as to keep astringof roughs from lolling about on chairs or benches. The old reception room, too, still does duty for an unwashed crowd with rotgut principles; but in spite of all these advantages one was a little alarmed to pee a respectable man venture inside. You were reminded of the remark dropped by the wolfs visitor that the track appeared to lead inside, but none to come out.

The respectable looking building before referred to is Mrs. McGee'a boarding house, who seemed to have nioro energy and activity, than any one else about the place. For instance, she contrived to find sleeping accommodation for a half dozen men in a moderately sized room, and kept even in Fultun her house ia excellent order. If a man looked drunk, or as if attacked with the yellow fever; he was mighty soon given to understand that he was not to look a bit drunker or sicker. It was something of a coming down to sleep on a pallet; and the prices, whatever other; deficiencies tbeie might been, savored strong'y ot more costly hotels but thf se facts did not keep us from enjoying our time spent under her hospitable i oof, or all of ker boarders ftni Ix-inK half in love with their good looking and accomplished host- 8F.

Walking down to take a look at the muddy liver, which is fully as wide heio as at Shreveport. -wo met up with Col. Scott, who had had the lease of the State Penitentiary, and who must have made a handsome thing of it, ae he spoke about putting on eorue boats for the upper river and wished to dispose of some 15,000 acres of land. We came across a South Carolina colonel, too, in a stove-pipe bat and with his breeches shoved into his boots, who wanted to sell, only the curve of the river was continually eating away his land from one side and carrying it to the other, so that he could never tell what State or county he was in. And we soon found that almost everybody had i-omethiDg to sell lands, "goods or houecp, lightning whisky, or even the places and fixtures they had just bought themselves.

The KIKST IMPltESSION that Fulton makes ou the visitor is that it is the roughest-looking town on the. face of the universe. It consists of equal parts of houses entirely too old and ot mushroom" structures, run up in a day, which are much too new. Adjacent cotton fields have been robbed of part of their grounds to make room for building stores, and the streets are choked with fine grass and covered with a line powder many inches thick. The town inself stands some thirty feet above the river at a low stage, but in every high water gets overflowed in front or from the lakes in the rear.

There is a ridge which well immediately in the rear of the town for buildings, same ten feet higher than the general level of the town, and a levee can easily be built from this to theTail-road, and there are some small lagoons covered with green scam whose influence has already been felt severely by the new comers. As the railroad embankment forks right in the heart of the town and divides it up in three parts, and as the houses are scattered around in all sorts of corneisat the back of old fields, in post oak covers, it gives the incipient city a terribly confused air, and there never was such a disheartening conglomeration of new and old houses as the place now presents, i 1 THIRTY YEARS AGO, a railroad route through Southern Arkansas was projected; somewhat fciiiiilar to the one recently completed, and at that time Fulton was a town which contained many well built business houses and residences, the remains of some of which are to be een to this day. It derived its temporary importance from the opening of the lied River Raft at that time by the United States Government, and torn the dream of future greatness with which it has been- haunted from that day to this. But the raft again became closed, some say through the direct efforts of two planters exposed to overflow the railroad coming, and freight was brought up or down through tortuous channels and bayous after undergoing trans shipment at Shreveport and Barge town at enormous cost. One season there was virtually no navigation at cotton that went through cost $8 a bale, and was so damaged as to be virtually un-maiketable.

At one time freight was hauled 128 miles across, the country. Under these circumstances the place dwindled down yearly in importance as a market the businessmen moved away and the -houses became mil-, dewed, and rotted down or were torn up. A more dilapidated collection of buildings and residences, either abandoned or leased 'to negro tenants could Hot probably be found in the State of -Arkansas, a State in which' agricultural decay had set in every where and in which probablv one- eighth of the lands are abandoned by .11 A ine owners pieierence to paying upon them taxes. no portion ot the South certainly had the condition of the cotton cultivator become so difficult as that immediately around Fnlton; nowhere else did a bale of cotton lose so large a portion of its value, or were supplies of so difficult-attainment. -1 --'i i change for the better commenced in last January, at which time incoming traders began to invest in town lots and to coustruct new stores.

The work on the railroad embankment on both, sides of the river, and that on the railroad bridge which is now under brought some two or three hundred workmen to town, and stimulated still farther the disposition to build. Tlie place -is not yet so arge- as it was in its palmiest daysr but probably has nearly a thousand inhabitants seven or eight general trading houses, and about fifteen bar-rooms. A dozen or so new buildings are beiog shoved up as fast as lumber can be obtained, and the sound of the hammer can be heard in every direction. Good carpenters command all the work they want, about one-half of the inhabitants for the present being compelled to sleep around camp fires or under planking arranged in a slant for temporary cover. Happy is the business dealer who can for the time being entertain his friends under the shade of a tree, or who has no further troubles about titles, cross-timbers or shingles.

THE ADVANCED GUARD. the old dilapidated tenements are crowded to overflowing with the first wave of new-comers, many of the offscourings of the great cities who always for the prominent, feature of new railroad towns. At first yon are inclined to think that New York or. St. Louis have bodily emptied their thugs and killers with Five Points thrown in.

The leader of the roughs is a certain Marengo Joe who -left Memphis and Little Bock in response to a firmly expressed wish on the part of the He nows coruscates as Deputy Marshal of the -incorporated town no charter being sought for fear that he will be its next Mayor. He keeps the new and old. tenement! in tolerable good order no robberies being allowed unless he organizes them himself or receives the lion's share of the plunder. One of the old two-story houses, and one which in former days was probably Fnlton's most aristocratic residence, has been recently utilized in a manner which made the natives open their eyes veiy wide. Marengo Joseph ordered out a number of niggle-tailed harridans from the older cities for the entertainment of himself and friends, and the cheerful gaiety which they, have infused into the un governed town can be better imagined than described.

The old house lies too close to the river for mahv murders or robberies to be reported, but the carrying on and cutting up of Joe's wild cats as they are called the first nights after their arrival will form a nine days' wonder for some time to come. To make a reformed thief U. S. Marshal is bad enough; but nothing can show. misgovern ment in the South worse than to state, that his reformation has been such as leads a man to taper on as a gambler and bagnio pimp.

The people about Fulton seem to feel now like Christian when he had got rid of the burden that weighed so heavily upon his back, and the first use they make of their freedom is to swear eternal hatred to the river charges under which they have so long groaned. No cotton will go down the river under any circumstances, they declare, unless the boats put it there for less than $3 a bale all told, and. even this they think a preposterously high price. Navigation on Black Bayou they admit themselves is about the riskiest that any steamboat ever makes from there to Shreveport or any other neighborhood, and a man feels immensely more comfortable when he has escaped the dreaded locality altogether. But at the same time they point out the fact that only tour steamboats have been lose above the raft altogether' and only one of these looses was owing to bad navigation.

Only those boats in fact, they say, ever get lost except those that are sent up expressly to return no more. They think that i per cent, ought to cover all the risk between New Orleans and Fulton and that cotton ought to be brought down for $1 50 a bale when the raft is removed. They cherish an unfaltering faith that the railroad will carry cotton back for little or nothing because that will be all the return trains have to carry and boast that a barrel of flour will be delivered in Fulton at $1 50 advance on St. Louis prices, although the figures have been somewhat higher thus far. One of the new commission houses that will be opened in Fnlton.

and for which a two-story $3000 building is now being constructed, is a branch of a New Orleans commission house, of which Jett, formerly of Washington, is the head. The enterprise is looked on with much jealousy by some of the new coming traders, who are mostly in the interest of St. Louis. One of the complaints about which the old residents are most sore is the bad condition in which cotton reaches New Orleans, and about the length of rime required to make remittances. There can be no question that Shreveport and Memphis will make desperate efforts to control the cotton of die country, and have already succeeded in inspiring the people with i he.

hope of higher prices. The general impression is that most of the new comers who have but little means will be- froze out, and compelled to pull up stakes before January. As to the future of the town there cautot be much doubt but that the place will do about the same amount trade as other places which handle the same amount of cotton, (say 50C0 bales,) and notmuch more. Itwill probably do a little better business than Homer, and will resemble very much general appearance Trenton. It will have Hope as a rival on one side, and Texarkana twenty-seven miles distant with, its Junction of three railroads on the other; the Kansas Bail road will gobble up aU the cotton above, and Jefferson though itfttiadeis seriously threatened, will( capture all which comes within the sphere of its influence.

place has no -patronage to nope for from tlio railroads and every reason rto drrad constant sickly seasons. I-, will certainly not pay; as the ciops there are no better thanoars, for settlers- from this- country to go --J; As wagons can at this season, along the-Northern boundaries of State, make the journey to the, railroad as easy to Hope as to Trenton or Shreveport; it will doubtless be ntilized to some extent for light goods that come from St. Upon the great current of trade the road will have no effect either in purchasing supplies or attracting our people from their piesent homes. All the ladies want, to know, which is the 'best sewing machine. Thelight running Domestic answers this question.

Made on an entirely new principle, runs so light a No. 8 thread, of cotton, can be used for a band. For sale at 103 Canal street, by M. S. Hedrick Tnx Best is -the Cheapest.

For first class dental operations call on Dr. James West, No 3 North atreet. opposite Lafayette Square. 7 CnAKTEK. HUE VEFOET ELEVATOR ATD WAKE HOUSE COMPANY.

STATE OF LOUISIANA, PARISH 0 R-LKAK6, CXTY OF KB it known that on tbla DfU day (dig tut, In tn year of oar JLord, on thousand eicht bandred and seven tj thre, before me, KD WARD ko-BEBT HOC AN. a notary public la and for the eti of ew Orleans, parish of Orleans, 8 taw of Ii.Uina. duly oonimlssiouod and qnailfled. and la presence of tb witnesses hereinafter named and nndersljmf personally came and appeared toe aeTetal parties whose names are bereaato nbeoribed, act In for themeei ee as corporators, and for men other person er persons as mar become associated wuh them by anbaertptioo. pnrcbase, transfer, succession- or otherwise; and the several parties did declare and bt: I hat on or about 1 he first day ot July.

1873, the-corporate authorities of the city of bhrevepw In the parish ot Caddo, State of Louisiana, did grant to W. T. Board in, and the -rural other Parties who have lUbHcrloed hereto, the right to a ild an elevator and warelioose, and to carry oa the bualners connected therewith, upon the terms and conditions set forth and peel seal ly declared in a certain, ordinance adoptet by the Citr Cooncil of tte city of bhrevenort at the date aforesaid. And the eaid parties did furthermore declare and say, that whereas the objects and pnrpoooa of the aforesaid ordinance, and of the grant to the several parties whose names are hereunto affixed, ran better be attained through the la. atru mentality ot an organ lied association, than by the said parties acUag in their individual oa pacity, they the said parties da declare that, availing themselves of the general law of the State or Louisiana, providing for the orcanisa-.

tloc of corporations, they hare eoreoaated and agreed and do by these present covenant and agree to form themselves into au association for the objects and put poses and under the stipulation, agreements, condifons and regulation fcrr em alter fully set forth a the charter by which said corporation shall be governed. AET1CLK FIBSr. The corporate name of tola association shall 'be "THJt bHBKVKPORT LEVATOR AND warehouse company." AK11CLK sxooirrx The legal domicile of this company shall be la the city ot New Orleans. ARTICLE THIRD. The object of this company Is for the purpose of constructing, posseeiung and owning anKle vator and Warehouse la the city of Shrevepoit, parish of Caddo, 8 tat of Louisiana, In conformity with and subject to the speclftoatioae and coadi ions set forth aad contained in the ordinance passed a aforesaid by the City Conn nil of the city ef Bhreveport, and to carry en the business appertaining or belonging to, or connected with such Elevator and Warehouse.

ARTICLE FOURTH. The capital stock of this company Is hereby fixed at twenty live thousand dollars, represented by two hundred and fifty shares ot one hundred dollais each. Payment open the stock to be made at such time or times as tne Beard of Director may fix and determine. ARTICLE FIFTH. This coir, jinny shaU go into effect as soon as a ajoilty of the stock shell be enbscribed.

ARTICLE SIXTH. Hioulil any subscriber or stockholder fail or neglect to pay pnnotoally inch percentage as may be called for by the Board ef Directors, and II payment be not made witntn thirty days after tli ppeoifled time for maklna- the same, the Board of Director shall have the right of causing any ahare on which InstaUm-nts or a percentage may be due. to be sold at public anotioa, or otherwise, after fifteen dars' advertisement, or of recovering by suit at law the amount due. AKTIULM 8KVENTH. This com tny is to exist and continue for the full teini of twenty-five years, but may be dissolved st any time before with the assent of the stock bolder, represented at a meeting expressly called lur ti.at put pose, in which case three-f oartha ef the entire ateok subscribed shaU be aecesaaiy.

ARTICLE EIGHTH. Service of citation shall be made upon the President, and la the absence of the President, upon the Secretary ef the company. ARTICLE NINTH. Till a core as shaU be capable in law to buy, aeU, mortgage, take and receive and in any meaner acquire real estate. It is hereby authorised and empowered to make rule and regulations, end perform any and very thing needful for Its government.

ARTICLK TENTH. The business of be company ahaU be managed by a Boaid ot Directors consisting of fire stock, holders Three director present at any mooting shaU constitute a quorum. The President shall pteside nt the meetina-s of the Board of IJincti.18. and in his absence, the beard may se-Uot any one of its members to preside. ARTICLK ELEVENTH.

The officr of this corporation shall be a President, a Secretary, and such other assistant or clerks as the Board of Direaters may appoint. All omoera, and all clerks and employe, shall be il'Ject to removal at the pleasure the toard ot Dlreoiors, by a majority vote of the whole board. ARTICLE TWELFTH. The Board of Directors shall be elected by ballot excet for the tint year) On the firat Monday of November In each fir, after tif teen riays notice in one newspaper published tn the city of New Orleans. Two of the stock holders not director shall be inspectors of elee tion- The Board of Directors thns eleettd shall take their seats on the third Monday ot the month in which they are elected.

A failure to elect director on the day named for that purpose shall not dissolve the association, but the director in ottlce shall hold over until their nne-oessoi are elected and qualified. In case, from any eanee, there is no election on the day appointed, it shaU be the duty of the President to order an election within fifteen days thereafter, due notice be'ng gtven by publication in one newspaper in the city ot New Orleans. Each li are of stock shall entitle the stockholder to one vote upon all questions submitted to them. Jt -ARTICLE THIRTEENTH. The Board of Directors shall, at their first meeting alter their election in each year, choose 1 ne of their number President, and election shall be by ballot, and by a majiruy of the wttole board.

The Board of Direct named In this act shall, at their first meeting, elect one ot their number President. ARTICLE FOURTEENTH. All notes, draft, certificates of stock, con-ti acts, and all evidence of debt of this company shall be blgned by the President and Secre tary. Books of registry and transfer ahaU be kept, and transfers of stock shall bo mle only on the books of the company. Bk of aub-rcripiion of stock shall be optned by the Board of Director.

.1 ARTICLK FrrTEENTH. This ebnrter may be modified or altered and the capital stock increased with the consent of three-iourtbs of the whole stock, represented in ceneral meeting of the stockholders, convened for that purpose, after thirty days' notice by pub licai ion in any daily newspaper of the city ot Slew Orleaa. -ARTICLE SIXTEENTH- The liquidation of the affairs of this company shall be made by three oonimlssioaers, appointed by the stockholders at a meeting held for that purpose, after thirty days' notice In one news-pa aer published in the city of New Orleans. Maid liquidator shall be solvent persona, not indebted to the association, and resid-ntsof New Orleans. Their terma ot otnoe shall be assigned, and all necessary po wers shall beconf erred upon them.

The pet l.xi of liquidation shall be fixed as veil a their earn pen mi tion, in suck manner as the stockholder In general meeting shall determine. ARTICLE 8EVENTKENTH. -The names ana interests of the parties to this act ar declared as toUows, via ueorge II. Lord as aharea. Hiram K.Bazlett 38 Charle P.

88 William T. 38 Lowd 3 Noah Pcovill Jamie Jordan as Total. 11 shares ARTICLE EIGHTEENTH. The following named stockholders shall compose and are herein constituted the first Board-ot Directors, they shall hold their otnoe until the first Monday in November, 1871. or until their utcetfor are duly elected and qualified: Oeorge H.

Lord, Hiram HeUett, Cnarlss P. Tic plow, William T. Boardmaa and Lowd Waldcn. ARTICLE NINTEENTH. After denucting ail en Trent expense fine ooajpaay.

the prefita, if ay, shall bo declared and paid to the stockholders, or shall be invested as may be determined upon by the Board ot Director. Thus done and passed In my offloe, at the city of flaw Orleans, pariah and State afore aid. oa the day and date before wtltten. In pretence of Messrs. Michael C.

Dunn and Reeve Lewis. aopetent witnesses, residing in this city, who have hereunto signed their names, tog-ether with said subscribers, and me, notary, after read In this act. Original signed om H. LORD. H.

K. H4.Zt.ETT. -CHA8. P. TBU8LOW, W.

T. BOARD MAN, "'LOWT WS.LDKN, NOAH "HXVILL 5 M. C. DUNK, R. '-i- JS.

B. HOOA8, H. P. 1 I have examined the witnln and foregoing act of incorporation, and am ot the op tit ion that the ol jctaand purpoe thereof are legal, and that none tut the provlttons therein contained are contrary toeaw. JOHN MoPHELIN.

5 i District Attorney of the First Jautclal District of the 8tt of LonisLabJL JSvw Orleans, Aagua jsi87a. he un dersi gned. Deputy Recorder ef Kort-' gagea la and for the pariah of Orleans, State ef Loaisiana, do hereby certify that the within and and arebonae Company has been dily record folio 223, 224 an4 235. O. OARCANTEL.D.R New Orleans An mm im.

nnder signed notary, do hereby certify the foregoing to be a true copy of the original charter a file and of record tn my otnoe. 4 E. R. HOiiAN, N. P.

SewOrleana, Aagtut 19, i73. a2S STATE OF LOUISIANA. BJPrlh of Orleans, City of New Orleans: IT KNOWN, that oa this 4th day ot September, In the year of onr Lord, one thousand eight hundred and seventy -three, before tne. EDWARD ROBERT HOUAN, a BOtarypsblie and tor the city of New Orleans, pariah, ot Orleaa. Ftate of LetUslaaa, rv and la 1 nesae here mart er named and ,8 PeraonallT came and appesred oiv LORD, HIRAM K.

TRUHLOW. WILLIAM T. 'BOARrL 'f. LOWD WAtDEN, MOaH JAM JORDAN, all of Uiiiitr Vw the whofe of the cspitsi stock of I. -Jl PORT ELEVATOR AND VAK COMPANY, whs severally declared iwU-.

That at a general meeting of th tr- held this day. the folloWiai rULTu uuanimonsly adopted. vl Resolved. Tbat the capital stock ef tks pany be Increased from twenty-fiTTtooa; aollar to seventy five thousand that the charter be amended Said appearei further declared iL'ii cordance ilh aaid resolution they de Clare and make known that the caniial the Shreveport Elevator and WarshonaT pany" ia Increased to seventy-flv tbonstS'-lars insifadof twenty-tive thousand provided for In Article IV of the cies of incorporation paseed before tlTei signed notary on the firth of August iLt i r-and said article 1 therefore altered accordingly, the dlvteien ot stock aad aTa." payment to remain the ''i Ttiua done and parsed ia my offlce. at tba' of New Orleans, parish, and StsM ataraaalj 7 the day and date before written, in rI Messrs.

Martin L- Ainswerth and competent witneesea, residing in tUo tv have hereunto eigasd their aam JJ with said appearexsand me, notarr. a-'w lng hereof. .7 Original signed GEO. 11. LUKD.

TE w-. TIA7T t-r-p CHAS. P.TRUSLOW.-JAS. H. JORiW L.WALDFN.

per Clia. p. T. NOAH SCO VI I WTt. BOARiiLAs M.

L. AISSWOBTH. R. LEWlS Jt. R.

HOOAaT.JSotaryPubUa. the undersigned. Deputy Recorder ot vft-gages ia and for the city and patiu t.S:. hereby certify that tbeabsv and wu has been dnly recorded In my oOioa, to law. in Book tsoclety a.

folio 2sa Ctfrat Kw rirlvan tntamlkA ov Signed) c. DA.RCANTEL C- a-J IHsity. I certify the above and foregotnc he tm copies of the criglaal act tf amendment aad tho rerUficateof record thereof thereto ed. extant in my notarial records. Witneasmy-hand and 1.

at Naw Orteni this twenty-third of benteuber, A. D. irj 8. E. B.

HOOAJT ff-s Notary Pnijiie T1MB OF ARRIVAL. AND DEPARTTEB 1 OF MAIIJ. NEW ORLEANS POST and rake Cl0-- trrtTai MobUe, Ala Washington, 1). a. Philadelphia, ra.

New' York City, Boston, atasa Maryland. PennsylvaLia, New York, New Jei-sey, PDelaware, East'era States, Canada EaaC and 4 JO Northern Mississippi. Ala IP.K. (A.l bama, Oeorgia. North, ana oouui uarouna, rior- Ida.

JSvw Tork City, Boston, PhuadeiDhia. Pa Baltimore, Cincinnati, Ohio. Pittsburg, Pa Buffalo, N. St. Louis, Chicago, liL, jack-sen.

Canton, VI ksbarg, ern. Western and New Engbtnd tales and Tex 7 A. ilp.a. Hew Orleans and Hunt. postal car, Souto-ern Miaslaslppl, fihrevo-pott.

Monroe, Northw rn Texas. nesaoa, Virginia, Pena-ylvanla, Northern and. Wee ern State and Galveston and Western 5 P. M. Texas close Tuesday, Thursday, Saturday; ar- 1 rtve Monday, Thuradar.

andSaiurtlay TTTTTAaL Arrive tlaily, except on --r'. Wednesday P. It Morgan's Louisiana and Texas Railroad, anpply- lag parishes ef Assumption. CaJeaaien, Iberia, Lafayette. Lafourche, St.

Landiy. St. Martin. bU Mary, Terrebonne, vermilion aad Caniei on Red River, supplying Alex 7A.K. fcMP.X.

andria, ti a tchitoches, Red River par.hea, and oonntiessf Acgelina. Sabine, San Augustine and Shelby, Texas 4 P. Covington, Mandeville and TA.K. Maoisonruie, axon day and Thursday Ha.to.rday Arrives Monday, Tuesday and Vicksborg packet. Coast io Vicksburg, Miss, Tuesday.

Thursday and Saturday Arrives Monday, Wednesday and Friday Bayou Sara packet. Coast to St Fiaacisvilhv and Friday. A rive Monday and 9 A.M. 1P.H,' X. 4 P.K.

7 AH. P. Jr. Bursa and Lower Ooaa', nceifay and Saturday JO A. JC A rrive Monday and Fri- DooAldsonviileT" La.Van TA.IC -I A.

aC. pariHbea oi bt.Jonnand St Jarue Carrollion, La Carrolltcn, La 7 A. M. P. a A.M.' 1P.M.

IKm St. Bernard parish, moii- i day Wednesday and Fri- i day 1A.M. P. Algiers, I 9 Ai M. ILK T'mPiy notice will be riven on bulletin br 1 of -depat turea for Key West.

Fa; Brownrri. and Biazoa Santiago, Texas; Cbj, British Honduras, etc C. W.RINOOOLD. P.K JAS. S.

KNAPP, D. D. -r i.i Attends to the practice of DEjeTISTRT ia It blanche at the aam placa he has oocui -i for the last twenty two year. No cheap dentistry done, but t-HoM P-circumstance will be favor d. -i- 5 Baxonne street near Canal.

sSl lmeod T7 H. KNAPP BON, DENTAL geons. F. H. KNaPP, No.

19 Bar street, F. J. KNAPP, 11 Baronne street, tioolsr attention to the preeervauoa of df teeth. They have the newly Improved lw Nitrous Oxide tits, which is superior to ttt -heretofore osed. Being perfectly pure, le-j required to produc insensibility to pain, possible Injury can result to the patient tro use.

ENTAL- NOTICE DR. A. F. McLA i would aauoonoe to hie patrons and i- who may desire hi servicVa. that t-r orned from an extended Northern tour, now prepared to attend to all ha duties Uenlai Profession at Office No.

14 Bar' street, (up at airs.) aati i-i O-l SETS OF TEETH 81 SET i pJ Teeth 1 my patient aad th pu general Owing to Uie great scarcity of at the present ume, I have been lndaeea i -aert seta of teeth at tb above price teeth Inserted on gold, aluminum, silver 1 gum, with or without th extraction ottber -Decayed teeth renovated and filled 1 made serviceable for years. Teeth exf without pain by the use of the newlv inr nlrroua oxide gas. Oonswltatioa tn FJn- lab and English. Dr. U.

P. MALO oflice and residence, 130 ana? ly WEST. PRACTICAL, DENTIST Established Thirty Year. North street, opposite Lafayette Sea'- perform aU cperauona on th teeth la skillful and sauafaovory maaner ia I although seemingly high ultimately cheaper than the cheapest. The aapexiot.

hi artltlolal teeth too wall known re. any enumerating. Dr. West method of filling teeth. all the modern improvement.

Tnoseutt will find these statement to be ornio correct. ptyU r.j. DURABLE DENTISTRT. DB. J- H- 1 St Andrew cine, perform all operation oa t- 1 price within the mean ef aU.

Tee. without the extraction erf-the -roots, if e- Decayed teeth oeaOflaliy filled so as ta t-Ticeabla fxx yean. Ire perfect fitting remodeled, and a or fit ruaraiiteeJ extracted without pain. Will remov tliai' 1 October to eoraer Josephine aad Casta atrw U4 7a ly ipEXTH-TE3H-TJIJTHT GREAT BIDUCTIOS. Geld aad Plattanaa et-r Uul charge tVM II Sliver, i-lumlnluBi and otlier iftr- (TjBoal charre J50 $3 Gold MBinga-fir I (Usual charge V1.

fillver. Amalgam and OaJlata Osojsb' i FUllng-tL fTJaaal charge f3 1 O. A. No. 1T1 St.

Joseph rtJ Between Camp and tet Chart" Offer to insert Sewot TEETH jat t- prioea, with or witneut the oxtractio arranta the rurlty of all irl'A Cllnga, a paid at the highest p' A Extractions and other openruon by means of axa-Uietac agenta. Toothache cured instaauuisoaa. t. -'j GocaallaUoagraUA. i si I.