The Placer herald., 1861-03-09
Sacramento, Placer & Nevada Railroad.

Sacramento, Placer & Nevada Railroad.
1t is grea, satisfaction to be able to say
to our readers that the prospect for the com
mencement of work upon the above road, at
an early day, is growing very strong. Of
late renewed interest has been given to the
enterprise by the demonstrations of the
stockholders of the Sacramento Valley Road
in its favor, the proposition of reliable par
ties to furnish iron for the road for the bonds
of the Company, and the knowledge that the
Valley Road is willing TO run it upon ia
vorable terms, with their machinery.
The estimates Of Sherman Day, showed
that the grading of The first Division Of thir-
teen miles 60 point within five miles of
Auburn) could be graded, including engi
neering and superinendence. for $4,000.
1t has been demonstrated fully that with this
portion of the road constructed it would 90
a handsome paying business, and make the
stock first class security. The building of
this much road has been believed 20 be with
in the reach of the Company if the proper
energy was dis layed, and its successful com
pletion upon proper basis would furnish
guarantees for its rapid extension thereafter.
The delays and embarrassments that have
affected RqiIroad enterprises heretofore in
California, 10y the issuance of large amount
of bonds, have warned the Company to avoid
like policy, and to put their road upon
certain cash basis when the work was com
menced, finish the grading and furnish the
ties for cash, and create only bonded debt
upon the road for the iron. With this view
subscriptions have been successfully solicited
within the past ten days in this place, and at
Sacramento, and San Francisco, and the
books now show reliable cash subscription
in the three places of about 100000, with
the further subscription of the corporation Of
Auburn of $4,000 II will thus be seen
that the Company are approximaing the
the figures necessary to the undertaking of
the work, and if the people Of Placer county,
to the North and South Of Auburn, who are
vitaly interested in having the road built,
and the business men of Sacramento, who
want railroad ron es into the mountains, will
give but moderate assistance, the com
mencement oflhe work is placed beyond per
adventure at an early day.
1t is scarcely necessary to enlarge upon
the value of this road As a business line. No
section Of the State offers as many induce
ments for railroad investment. The freight
inc business to be obtained Will be enormous,
as it will be drawn from the populous por-
tons of Placer and Nevada counties, north
ern Ell Dorado, and southern Sierra. The
growing trade of the mines in tie vicinity
Of Virginia City, will also he commanded by
it, without doubt, as the distance will be
shortened by following the routes through
this county and Nevada, which offer easier
wagon road grades than at present exist on
the Placerville route.
This extension will also he into the noun,
tans upon the very route that surveys have
and will demonstrate that railroad can
cross the Sierras-in all probability the true
line of Pacific Central Railroad.
With the encouragement of those who
are at heart desirous of promoting the ma
terial wealth of the central portion of the
State, and making the second link of real
Central Pacific road, within thirty days the
construction Of the first division dining the
present season will be made certain.