The Shasta courier., 1865-07-15
COURIER.
Railroad to Oregon:

In the Office of Secretary of State, this
morning, were filed articles of incorporation
for the California and Oregon Railroad
which state that the company propose to
build a railroad from Marysville to the
northern boundary of the State, passing
through Shasta and Yreka, and traversing
the counties of Yuba, Butte, Tehama, Shas.
ia. and Siskiyou. The capital stock is fixed
at SIS, ,0OO,O 900 divided into 10000 shares of
500 each. The Directors are Alpheus Bull,
S. G. Elliott, William E. Barron. Joseph
Barron, Thomas Bell, (of Barron & Co.. G.
Temple Emmett-all of San Francisco. The
company is organized under the general
railroad law, and the special Act of 1869,
giving the right of way aud requiring the
final incorporation to be effected before
July /, 1865. There is at present railroad
running from Marysville to Orovilie, and, in
our opinion, this company will either pur-
chase it or in some way incorporate it with
their road The actual construction of the
road will propably be commenced during the
coming Autumn, by which time the work of
laying the track between Lincoln and Ma
rysvlle will be well under way, and the
great work of binding the mighty net work
of California railroads together, with focus
in this city, will have met with good
progress.
There was a temporary organization for
this purpose made in Marysville about a
year ago, and it is highly probably that this
company will use the same route as surveyed.
A company has also been formed in Oregon
to continue the road from the State line to
Portland, of which we learn the following
particulars from the Bulletin of yesterday:
:. The amount of capital required for that
State is the same, and the Legislature has
passed bill which provides for levying a
tax of one mill on the dollar on all property
in the State, the proceeds to be applied to
the payment of interest on the bonds of the
company. This tax will produce about $50.
900 year. The length of the road to the
Oregon line is $50 miles, and from there to
Portland $40 miles, making the entire dis
tance 635 miles. 1t is believed the next
Congress will pass the bill which passed one
House last Winter, granting 20 sections of
land per mile along the line of the road. to
aid in its construction. This grant would
amount to about 5000. 900 acres situated in
some of the most fertile or best wooded re.
gions of the North"
We learn that the Western Pacific Railroad
Company have nearly five hundred tuns of
iron on the way from New York which will
soon arrive in San Francisco, and that they
contemplate the commencement of grading
the line between here and Stockton in about
ninety days. From the level nature of the
route, we judge that the work will be very
rapidly executed, and the track laid so that
regular trips between here and Stockton will
be made before the first of July, 1866. Sac
ramento will be the hub of the railroads of
California, and as each new line springs into
existence so much nearer does the day of
greatness approach. We like the names of
the Trustees of the new Incorporation. They
are among the wealthiest men of San Fran
cisco, and ali their interest are centralized in
California, so that they will not only Invest
largely in the enterprise themselves, but in
duce others also to embark their capital in so
remuneratiye an investment Sacramento
Bee, July 1St.