The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1868-12-13
A VIRGINIA AND CARSON RAIL
ROAD.


persede that other enterprise known a
the Virginia City and Truckee Railroad
As laid before US by Mr.. Sharon, of th'
Bank of California, (the principal mover
in this new enterprise), the purpose nov
entertained is in substance as follows
To build a frst-class railroad of the
same guage as the Central Pacific, with
its termiui in Virginia City and Carson,
with way stations and lateral branches
at Empire aud other points near the mill
privileges of the Carson to construct
the machine shops, round houses, &c,
in this county and to establish the prin-
cipal business office of the company
here. The projectors Of this enterprise
ask, in aid thereof, that Ormshy county
issue bonds in the sum of $500, 900 and
donate them, outright, to the company
and they state, as inducements to that
end, that the building of the said road
and the incidental appreciation and ad-
property will give Us an increase of tax
able property amounting, in round num-
bers to not less than one million dollars
in valuation. Here are some of the
figures upon which this estimate is
based
Ten miles of railroad ia Ormsby
county. at an assessed valuation of
$40, 600 per mile would amount to $780,
coo.
Machine shops, foundries, &C., not
less than $3.50, 900.
Engines and Cars. say $4,000
General increase of, and addition to,
u,ill property, say $4,000
Increase in the wood and timber in
,eress, by the base of supplies and
storage being here) $500
Total, 81 900, 900.
The company asks that these county
bonds bear seven per cent. interest, and
that they be made payable IL fifteen
years This would Involve the levying
OF tax sufficient to raise, in addition
to that which is now collected, for the
FIRST year, something Ike $40, 000-to -,
provide for the interest and sinking
fad. In this connection, some Carefully {
prepared statements have been made
upon the calculated basis of an Increase c
OF one million dollars il car taxable :
property, the decrease, per anaum, of u
the principal (and INTEREST," through the {:
collection and investment of the sink O
ING fund, which We shat lay before our n
readers in another article. O
Mr.. Sharon stated to US that the s
Jrmsby county terminus of this road :.
would be within the limits Of Carson l
hat whenever two thirds of til e property q,
FOLDERS of the county should signify &c
heir approval of the proposition to is Al
ue bonds, By signing petition TO the CO
legislature asking for the passage of an W W
act auth orizing the Commissioners of oil
,rmsby county to make such issue, he Wv !"
you'd Immediately commence active to
peralions toward the building of the Al
Dad, and that be thought it possible to
ompiete it within the next seven or d.
light months, or, a. any rate, wi,hia a tn
ear. d"
In the foregoing we have briefly G,
lated the outlines of this new scheme. ", W.
be question which the people of this aft
nunty have TO auewer is, Can we afford INT
10 price involved? Let US examine abb
re existing slate Of affairs. vii
Cal
Within the pas; three years and yo,
half we have seen the important pos
we
age lines which centered here almost bu,
,tirely withdrawn We have seen the he;
of
.sh valuation Of real estate in all ha,
lr,s of Carson ,yiug off from th main tar
'enue of business, dePreciate to al FAM
ost wortLlessness and what was, in of
} better days a busting, thriving
wn has become an uaimportant way
ation, dependent, for its consequence vic.
'on the fact that it is the State Capt. [