Grass Valley telegraph., 1853-10-27
SACRAMENTO RAILROAD

recent date, that an organization has been
perfected for the construction of Railroad
from that city, as is expressed in the articles
of association, " through the counties of Ell
dorado, Placer, and Nevada, to Grass Val
ley" That the route here indicated is one of
the best, if not the best, in California for the
: location of railroad and that its stock
would pay larger dividends than any line of
equal length in the Union, or the world no
man can doubt, who is aware of the extent
of trade and travel now passing over it.
There are, however. some points connected
with the organization of this Railroad Com
pany, which the public are not so we'll ac
qualnted with as we happen to be; and which.
when known, will not inspire that degree of
confidence in the efficiency of the Company,
that under other circumstances might be de-
slrable to so important an enterprise. The
secrecy OF the organization is not a good fea-
ture. On the contrary, it surrounds the en-
terprise, in its present hands, with suspicion.
The meeting was called by private einvitation,
the programme embracing GRAND sPECULA-
TION. This speculation is not. however.
chargeable upon all the twenty-five subscri-
bers to the articles Of association. We think
the Sacramento gentlemen are honest in be-
ileVlng that the plan adopted is the only
feasible one to build the road. But that this
is a fallacy, We are able to show.
The originators of this Sacramento Rail-
road are certain English gentlemen, who have
persuaded the honorables of Sacramento that
they can command a3sy amouat Of British
Capital in the London market -he inme-
date construction of Rail, noun
tains. On tbese assurances, <
rivately organized, and a sab Of
sc 600 made, ten per se-
l4tsfed by law for line jnts ho as
and fTe Commissioners appointed & open
books of subscription Two of these Com
Eissioners are Messrs. P. 0. Bvrne. and !.
Darlington, the English gentlemen at whose
beck ten millions of British Capital is to be
forthcoming to build one hundred miles of
road, that can be constructed for about half
the money. No books are to be opened ~,
: CGIJ0r'1aG, the whole capital and manage
ment to be imported and therefore. Messrs
byrne and Darlington are entrusted with the
direction of the whole afair,-who, for them
selves and the other Englishmen interested
lamong whom rumor includes Mr.. Aiken, the
British Consul at San Francisco.) undoubt-
edly contemplate sale of the Charter to any
parties in London who may be Simple enough
TO pay them the proper quid pro gao.
We regret to be compelled to discounte.
nance the present organization for a Railroad
to Nevada County but we have no alterna-
uVe other than to see deferred for wears a
public work that, but for this speculative or
ganization, would be actively commenced
within six months, and prosecuted to compile
ton by American Capital, and under Ameri-
can management
Inc statement in the .Joarnol of Sacra-
mento, that the Company formed at Sacra-
mento on the evening of the 10th inst of
which Gov. Burnett is the nominal head, have
subscribed all the stock, and sent an agent to
: purchase materials, is simply erroneous. Ex-
cept the subscriptions necessary to legal
organization. not dollar has been put down.
and it is clear case of quien sa6e whether
dollar more will ever be added to the first
100000.
The Sacramento gentlemen who have lent
their names to foreign speculative scheme.
are deceived. They stand in their own light.
by their countenance of a project lacking the
essential requisites of practical success. in
stead of concentrating with those friends of
Railroad who are able to carry the enter
prise through in the shortest possible time. Ifl
we wait for the action of Messrs. Byrne and
Darlington in Europe, the commencement of
the road is indefinitely postponed.
The idea Of locating Railroad from Sac
ramento along the foothills, to Johnson's
Ranch, on Bear River, and thence to Long
Bar, on the Yuba, is absurd, if the purpose
be to secure the heavy and profitable trade,
freight and travel Of the populous counties
OF Placer, Nevada and Sierra. Such road
would benefit only Marysville, and fail of the
most important objects sought to be secured
by Sacramento.
The business that Nevada County alone