Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-07-09
The Pacific RaiIroRd-The Amended
Hill PaHaRd.

The people of this Territory are deeply
interested in all that concerns the Pacific
Railroad. The recent action of Congress
in the matter has been already briefly an
nounced, but the following article from
the Call of Thursday last, contains more
full intelligence upon the subject than any
thing that has appeared in the Territorial
papers:
When the Pacific Railroad Bill had been
passed BY Congress, it was generally esteemed
a generous one. 1t granted the Governments
credit and large extents of land to ensure Its
construction. But the Company organized
under the franchise were not satisfied with
the bonus. They applied for additional aid
through Congressional action, and 1t has
been granted. The following dispatch was
received in this city yesterday:
WASHINGTON, July 2, 1865.
To Leland Stanford:-Railroad bill passed.
1t gives one year more on first nifty miles;
TWENTY-FIVE miles thereafter forfeit is re-
moved. No percentage Is to be kept back.
Gives double amount of land. Allows a
first mortgage on the road of equal amount
to the Government, making the Govern
ment mortgage second. Old law regarding
bonds as before. l was not able to do any
thing for the road between Sacramento and
San Francisco. c. 7. HUNTINGTON.
The great difficulties in the way OF con-
structing the road through the Slerras, east
ward from Sacramento, required more time
than the original act allowed, and the amend
ed bill gives one year additional for the hrst
fifty miles. The full amount of bonds is TO
ba rna1 prOuresspS Twice the
amount of land given by the first bill is
donated by the amended one, and the Com
pany is authorized to give first mortgage
on the road the Governments mort
gage for an equal amount to be second
This makes the Company's bonds nego-
table at once, and ought to ensure the
construction Of the road. These grants are
certainly generous, and show friendly
disposition on the part of Congress-
The first bill recognized the Company OF
which Governor Stanford was and is Presi-
dent, to whom the construction of the road
and the munifcent aid were to be entrusted.
The bill was so drawn that it virtually
made, or allowed, Sacramento to be made
its western terminus. This gave SO much
dissatisfaction to San Franciscans that the
Company assigned to the companies called
the Central and western" the fran
cllSe, VIII ltS uuulIleubS, IOI UuIluluS tue
road between Sacramento and this city. I'm
der this agreement the people of San Fran
cisco, San Mateo, Santa Clara and San Joa-
quin counties voted the appropriation of
some two millions of dollars towards the
construction. II will be seen, however, ac-
cording to the telegram Of Mr.. Huntington,
that Congress declines to recognize any COM
pany except Governor Stanford's. What eff
feet this will have, we are not prepared to
say. 1t will of course give the opponents Of
San Francisco's subsidy an argument against
it. But we believe no difficulty need arise.
The Pacific Railroad Company can, il dis
posed, arrange the matter. Sacramentans
have got the advantage. Our people, or
rather our capitalists, were lukewarm, while
they were at work, and ii we are left out in
the cold, it is our own fault. Whether the
amended bill allows anything towards con-
structing the road this side of Sacramento,
appears doubtful. fit does not, Sacramento
will be the terminus, unless we build the road
without Government aid.