Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1871-03-04
OLYMPIA, SATURDAY MORNING, MAR. 1, 1871.
Railroad Prospects.
at our risk.

The conclusion Of peace between France
and Prussia cannot but have an immediate
effect in relieving the stringency upon the
money markets of Europe, caused not only
by the demand for the sinews of war for
the struggle then in progress, but by the
perpetually impending danger Of involving
all the nations of Europe in the conflict.
Another impeachment to the sale of Ameri-
can securities, especially in England, has
been caused by the difficulty with that
country in relation to the Alabama claims.
"Capital is sensitive" and the smallest
cloud upon the tenure of securities mate.
rally depreciates their commercial value.
The immediate prospect of an amicable ad-
justmcnt Of all pending difficulties between
this country and Great Britain, by the ap-
pointment Of joint commission of arbi.
tration, will tend to remove suspicion Of
the value of our SECURES in view Of i'm
pending war between the countries of the
creditor and debtor. Another cause Of
the depreciation of American securities,
was the recent open advocacy of the nefari-
Gus doctrine Of reputation by demagogues
10 public position. 1t is now satisfactorily
demonstrated that no such dishonorablc
policy can prevail in this country until
the American people have descended to a
depth Of degradation in which the laws no
longer afford any protection to life and
property. No respectable or influential
man can now be found who will acknowI-
edge that he ever advocated the repudia-
tion of.the bonds given by the Government
for the payment of public indebtedness,
though the ruling party of the State of
Oregon, less than year ago, substantially
affirmed that policy in general convention.
All Of these circumstances and changes
materially and fayorably affect the pros
pect for the speedy prosecution and com.
pletion Of our railroad communications
The bonds Of the Company are now offered
10 all the money markets of Europe and
America, and the progress of the work on
the N. P. Railroad depends mainly upon
the sale of those bonds. The road will be
pushed forward as rapidly as it can be
done whenever the necessary money fol
the purpose is available; and the present
prospect is that there will be little or nc
delay in obtaining money as fast as it is
required. In this view we confidently
expect railroad connection between the
Columbia River and Puget Sound within
the present year.
The question most vital to the future Of
this town is-Shan that connection be
made at Olympia? The property holder.
here can determine this question for them
selves. By parting with one-half Of theil
lands they can make the balance ten times
more valuable than the whole would be il
they persist in holding on to them. They
can have the railroad connection on these
conditions and no other, aud the matter
admits of little delay; probably another
month will determine it. IF the citizen.
Of Olympia reject the terms, there arc
ether points bat little less eligible which
will gladly make up the difference 1. is
! crisis 10 the affairs of the town upon
which il future prosperity depends; an
opportunity which cau never be repeated