Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-03-11

4 >THs OrrY Rx1IaSoADs N GAIlroRxfA Ina Sue
.CEss And PHrsznr RsyEaaE, twenty-five miles 0ff.
rsilroad commencing et SAesamento and termn1tinE
ct the town efs FOLSOM, the sole pdiment Of
the enterprise Of California in this gte 5eature Of
the times. The success attending even3his section
of road speaks volumes in favor Of that general
system of internal improvements which is requisite
to develope the resources Of the State This road
has been built at time of great financial depression.
The enormous interest of three per cent per month
is still paid upon the sum Of $273 OO0 ard yet its
earnings fast relieving it from the losd of debt
which has heretofore clouded the prospects of the
company The revenue Of this twenty-five miles is
now 500 per day, and it is believed that this will
be increased ore-fourth more during the present
year. New sources of profit, not thought of by the
originators Of this company, have been opened out
in the carriage of granite, cob5le stone and wood
from the interior to the river The freight over the
road is constantly increasing and net profit Of
$4,000 for the present year. is estimate found.
ed upon the actual receipts for the past mouth. The
expenditure per month is about $1,000 A late re-,
port of the Board of Directors closes with the fol-
lowing satisfactory announcement:
If the balance due on the stock be promptly
paid-there can scarcely be reasonable doubt,--
that in a few months the road will not only be free
from embarrassments but thcnccforth will pay lar.
ger dividends to the stockholders, than any similar
work in the whole Union, and perhaps in the world"
The Company has most able and efficient officers,
gentlemen who have the confidence of the commune
ty and whose standing and characters, are guaran.
tee of the faithful performance of their duties j.
B. Crockett, Esq. of the law firm of Crockett &
Page, is now its President, and II. r. Payson, Sec
rotary.
We have thus briefly shown the practical work.
ngs of the first railroad in California. The immense
revenue derived from twenty-five miles, would be
increased in more than proportionate ratio on the
extension Of the road as the valley of the Sacra-
mento, through which this line is laid down, teens
with the richest agricultural and mineral produc-
tons. In other parts of the State there are the
same advantages to build up roads, and the same
certainty of profitable investment whether through
the vineyards of the South in the mining districts
Of the North. rapid chain Of communication with
the interior would create a new era in California,
and bring three fold reward to labor. For the
capitalist better field for investment could not be
found. The same energy and enterprise here as
shown in Illinois, Ohio, and other Western States,
at the present day. would soon girdle the country
with iron bands, and connect San Francisco with
every important point Five thousand miles of rail-
road diverge from Cincinnati, bearing golden tri
butte back to the Golfers of her citizens What
would our city be with even onehaf of the same
facilities? Let the people look at the workings of
the only railroad in the State, and arouse from the
apathy which discourages action even in those who
are willing to bring their capital to aid in the con-
|. struction of our railroads.
San Francisco Globe Feb 5.