The Nevada journal., 1860-05-04

ET..,,. I - N --- -
and Hayes were found in opposition to ou
railroad bill, for on motion of Judge Smitl
to take the bill up in the Assembly on Sat
urday last Mr.. Hayes, in particular, exhibit
ed an ignorant hostility to it, and Mr.. o.
Conner voted against it.
1t is astonishing how insensible some peo
pie are of their true interests, and equal,
surprising how stupid some representative
Of the people are. The bill before the Leg
islature provided that the county of Nevad
might take and hold three hundred thous
and dollars of the first mortgage bonds of 6
railroad company having for its object the
construction of railroad from Auburn te
Nevada. The conditions on.which the
county should invest in these bonds were
stringent, and such as to effectually secure
the county against loss. These first mort.
gage bonds were not to be taken until 9
vastly greater sum had been actually ex.
pended on the road in grading, &C., by the
company, and the whole bill was so closely
guarded that the county was saved from the
least possible hazard. At most, the county
could only risk the interest on the bonds
she might subscribe for, while the railroad
was building, and as seven hundred and
fifty thousand dollars were to be expended
first by the company itself, before the three
hundred thousand in county bonds could
issue, it is quite likely that not more than
year would elapse afterwards till the road
would be finally completed, and at farthest
not more than two years interest need be
provided for by the county before the bonds
would be productive and readily command
their face even if the railroad should prove
aDon-payfng institution. The first mort
gage could not fail to be worth par in tbs
market, as the road would always be good
security for the amount of those bonds at
least
How any man, then, should be found
denouncing such bill as an outrage, when
its provisions are to be submitted to the
people for their endorsement or rejection.
and when the history of railroads, which
every man presuming to offer himself as
representative of an intelligent people
should have learned before rendering his
services, exhibits the wonderful power of
the iron horse to rapidly increase the value
of property and develop the resources of
country, can only be accounted for in wan
ton perverseness or stupidity, or both.
Mr.. Hayes took it upon himself to charac-
terize as an outrage fair proposition to be
submitted to the people, thereby -libelling
the intelligence of the people he represents.
lie affects the wisdom of financier and
declares these first mortgage bonds will not
be worth more than forty cents on dollar.
Sapient Representative His constituents
should present him with copy of mental
arithmetic or a rattle-box. Mr.. Hayes is
troubled about a company which does not
exist 1t is very like him. The ignorant
and superstitious are frightened at shadows.
We have no doubt the member from Nevada
will see more shadows in future shadows
of spruce trees to whose shade his constit
uents will consign him perpetually shad-
ows of political death; hand writing on the
wall done by the finger of an outraged peo-
pie.
commend the proceedings of the House
on Saturday last, as reported in the Stand
ard to the reading and thinking portion OF
the population of our county. and ask them
to remember recreant Legislators.