The Placer herald., 1860-06-16
What the Railroad Will Do.

lhe county taking stock in the S. P. & N.
Railroad by some stactistics that are unan-
swerable. Read them:
"The objection to the County making this,
as we'll as any other of the proposed invest
ments, generally, is that it will increase the
public Indebtedness and therefore increase
the individual taxation of our citizens above
what they have been paying. Let US see if
it is true. There is already, in course of
erection in this county, the California Cen
trail Railroad which will give this county
about twenty miles Of road, subject to tax
alton. This road property will assess at
about twenty thousand dollars per mile.
Then suppose the Sacramento, Placer and
Nevada Road completed to a point near
Prebe's Bridge on Bear river, as at present
located, and you have about forty miles
more of road for assessment This will be
sixty miles of road, or one million two hun
dred thousand Isl, l,2oo,ooo) dollars worth of
property, to say nothing of the locomotives
and other rolling stock, added to our pres
ent sources of revenue. At $l.65 tax on the
500 (the rates paid in and devoted to county
purposes in 1852 and you have $l9,sOO.
"The Assessors list of property for this
county in the year, 1859, summed up to
near three million dollars About one
fourth of this lies along the route of this
Auburn road. There is then, about $780,,
900 worth of property that will be affected
by the building of this railroad. l make no
doubt, that by the increased value of prop
erty, and the additional property brought
into the county, there will be an increase of
this one fourth, eqnal to three times its
present value, or s2,25O,O0O which, at the
rates of taxation of 1859, will yield the
county s37.l25. 1t is found by actual com
putatlon that on the different routes leading
to and from the city of Sacramento, there are
daily, on an average, at least fifty citizens
and residents Of Placer cou ty, as travellers,
and who are at an average expense of seven
dollars per day to the individual; by this
road, this expense would be reduced at least
onethird, which would be saving to the
people of Placer, yearly, of s42 900.
"By means of statistics contained in the
Engineers report, learn that there is now
expended by the traders and merchants Of
Placer county, land which is ultimately paid
by the laborers aud other consumers freight
charges to about forty five thousand tons, of
merchandise &c, DC, and which would
necessarily pass over this road when in opera
ton The freight costs now en- an average
of twenty dollars per ton, which cost would
be reduced one third by this road transporta-
tiou, whereby the people would have saw
ing of s3oo,ooo per annum."
California Central Railroad, 90 miles, as
sessable value per mile, $40, ,0O0-County
revenue thereirom $3.50 per mie-total of
value 100000 total Of County revenue
therefrom $4,000.
Sacramento, Placer and Nevada Railroad,
80 miles-assessabe value $500, ,OOO-reve-
nue. to the county, sl3,2 200.
Advance in property along the line of the
latter road, $2,250,OO0. Amount saved an
nualIy by the people of the County in travel
by means of this road, $4,000. Amount
saved annually on freiehtage of articles of
transportation, 100000. Total Of property
additional to that now assessable, SO, 3,450,000
annually county revenue of s56,-
D25, and in connection with the savings on
travel and freight amount to s39s,925.
But reduce it, if you please, 3 4ths, (which
will make the road equal in assessabe value
1t 81, 900 per mile, when the average in the
Eastern States is 81 900 and you yet have
n increased revenues derived from sources
hus brought into existence, and savings on
The present rates of freightage, the cost near
y of your original outlay, in one single year.
The bonds draw interest at the rate of
per cent per annum, . per cent less than
County Scrip. This is $4,000 per year until
the investment of the full 100000, when of
course it would be doubled, and the principal
is not payable for twenty years.
RECOVERY OF SOME OF THE MONEY STo
LEN FROM THE Iowa HILL SrAGE.-On Wed
nesday evening portion of the money sto-
len from the Iowa Hill Stage was recovered
at Forest Hill. From information, Mr.. Has
kill the Constable, was induced to search
the cabin of Chleno and his son, and pro-
ceeding there with party, found in a trunk
several bags of treasure, containing ls9 ozs
in dust of the value Of about $4,000; these
bags were identified as belonging to Wells
Fargo e. Co, as they had the tags of the
company upon them. Several arrests IF
suspected parties were made.
The recovery of this money and the arrest
Of the parties in whose possession it was,
goes TO show that the officers are upon the
right track, and that there is prospect of
bringing all the guilty ones to justice.
OREGON ELECrIoN.-The returns from the
Oregon Election leave the result in doubt
the total majorites for Congressman, as far