The Shasta courier., 1859-10-29
SHASTA COURI Err.
San Francisco Correspondence.
SAN FRANcIsco. Oct. a. 1859.

SAN FRANCISCO, Oct. "a, 1859.
EDS. CouRIER:-After a storm comes calm
The excitement attending the death of Mr.
Broderick has gradually died away, until now
there is but little said upon the subject. The
general impression seems to be, that Mr. Terry
was hardly justifable, even under the code, for
the course which he pursued; still the people
are generally willing to leave the matter to our
Courts. The unfortunate result of this affair
will doubtless go far towards banishing the
practice Of duelling from the State.
We have not heard the last of this matter,
however. The Eastern papers will soon come to
US, filed with accounts, and criticisms and ar
guments in regard to the subject. The New
York Tribune will expatiate largely other prints
will follow suit, and the affair will undoubtedly
have tendency to widen the breach between
the North and the South. We should all re-
member that human beings are not saints, and
that bad men exist in both sections of the
Union.
The affair next in Importance which has
transpired since my last letter, has been the
meeting of the Railroad Convention and its
transactions and recommendations have since
furnished one OF the principal subjects of news
paper discussion. The proposition that the State
should borrow fifteen millions of dollars with
which to commence the work, has particularly
excited considerable attention. As many of
your readers may not be aware of the method
by which money would be obtained upon the
=
per oeat. bonds are now worth about 81 cents
the dollar, and in order to obtain money for
railroad building, they would have to be sold at
that rate, or perhaps at less price, either in
San Francisco or New York. Should they be
sold in the latter named city, specie would not
be shipped to this State, but drafts on our bank
ing houses. In order to raise the sum of Sl5,-
000, 900 in cash, allowing bonds to be worth S4
ceEts, the credit of the State to the amount of
about 81 $50, 900 would have to be disposed Of
The interest en- this sum, at I per cent. per an
nuE, would be about 81 100000 yearly or, in
twenty years, which is probably as soon as the
State erould be able to redeem ker Indebtedness
S25,eoo, 900; making grand total of S42 $780,,
to pay.
In order to save portion of this immense
sum, take the credit upon myself of having
made the suggestion, which was originally pub
ished in the Sacramento Union and afterwards
snore fully explained in the S. F. Bulletia that
the General Government should lend to the State
Government portion of its credit, or, in other
words, act as an endorser. U. S. per cent.
bonds, payable in 20 years, would command in
California premium of about per cent. con-
sequently, in order to obtain SIS 900, 600 in
cash, about Sl4, l5O,O 900 in bonds would have to
be disposed of, the interest on which, at per
cent, would be S7O7,50o per annum, or Sl4,-
100000 in twenty years, making total of S28,-
100000, which would be a saving to the State
of Sl4 500 ,ee0.
do not suppose thatI shall be rewarded with
pension fer having made tie suggestion, and
perhaps not in any other manner. The noisy
politicians generally get the Offices, while the
thinkers have to remain in the back ground.
Notwithstanding the State would save the
amount abevs named by adopting my plan, still
do not think that 1t should plunge too eagerly
and blindly into railroad building until we have
some information in regard to what point, and
at what time we will be enabled to connect with
the continental railway. There is proper me-
diun in al thihgs-railroad building included.
Until a connection is formed the road would
doubtless be rather burthen than otherwise
upon our tax paying citizens.
do not think of any local news of any par
ticnlar Importance to narrate at present.
Yours, &c, LUcIEN ErERTs.