The Placer herald., 1871-11-11
WHAT A fiIi.


tariff of fares and freight on the G.. =. X. r.
AS this is matter deeply affecting the in
tcrcsts of all our people, and the develop
'nent and future prosperity of the whole
county, we naturally supposed our neighbor
had some information, opinion or ideas on
the subject that would be Of value to the
public; but it seems that we were mistaken,
IS our amiable cotemporary tells It's and the
public that " We Ohe Strips editor) llonestl,
md tru,hfally declare that we have no sufii-
cicnt data for well grounded opinions on th'
subject of his (our) inquiry" This is mel
ancholy state of aifairs-a pretty kettle o.!
fish for an editor TO get into, and especial,
on a question that interests every man IN
1he community where he resides, and one
laily talked Of and discussed. We must he
equally candid with our neielbor, and there
fore we say had we have known, or even
suspected, that he had no data or wei
grounded ide,s on the subject of fire and
freight charges, we should have spared hin
the above confession. Bat since our neigh
Dor has made the confession and given it tc
ihe public, there is no harm or unk indness
in suggesting that this question of fares and
ireighs is an important one and addresses
self to litors with more force than the gen
cal public, or at least the public expect, anG
i've right to expect, that the press vii
gather the facts and present them to the
'oplc, and urge proper action, both by The
p oplc and their representatives. Our neigh
bJr is apt, expert, industrious, and has twice
the time we have to devote to this question,
Il ID we hold that it is not unreasonable t,
,s,s that he will give at least a portion Of ht
iimc and talent to matier that involves
sreat benefit or injury to the community from
which the press draws i's support. At T.
tim, when The Central Pacific was only com
p'etcd to Cisco, 81 miles, and had 10 con
n4ctions except by wagons and stages, th'
fei Int and passenger trade being almost
entirely local and furnished hy Placer an'
Nevada counties, its receipts, as shown l.,
sworn statements of i,s officers, were enor-
III ,us, more than four-iifhs of which were ne
profits. TO be more precise The compa
nys sworn statement for the quarter endin.
September 30th, 1867, makes the following
&C.
Gross Earnings gs... $50, 800 3,
Operating Expenses. ....... 10l ,G2o q
Net Earnings s...... 4o4 ,SSS A.
The statement adds
Tnis result was upon the actual, legilmat,
local business alone, W til less ,aan the ordinai.
proportion of G0yenmen transportation, an.
,nder the disa Vantage that passengers an'
reght had to be forwarded by wagons, from tn
empornry terminus, at the summit of the noun
aims; and is also independ Mt of the transporta
;ion of men. and materials for the extension
Jhe road.
This ratio Of profit (n,orly eighty-two per cen
# the gross earnngs) is without parallel, even
rmong the o'd st roads in existence and is
act nearly three times the ratio OF the best lead
,nS lines of the country.
The rates of fare and freight then charged
we're but little, if any, higher than now
Since that time the connections of the roat
It both ends hive been completed, and it,
general business more than five times dou
bed, no doubt, and its local trade vastly
increased and its expenses woportionatcl,
decreased. Here the company tell MS tina
The ratio of profit is nearly three times thar
of the best leading roads in the country.
not this good reason that they should no.
he allowed to charge more than three time,
what the best roads in the country charg
for f,res and freishs? And is this not dat
upon which our neghbor could form a "wel
grounded opinion on the subject" and use
or the benefit of the community who ar,
being thus bled? Does our noighbor hav,
my doubt if fares were reduced to thrc,
cents per mile an freights to five cents pc.
mile per ton, but that the Central pach,
would be the best paying road in the world
Indeed, the receipts of this road are so enor.
nous that the company, we believe, have
become ashamed of them and refuse theis
publication. Why, the receipts of this roa'
,re counted 10y the million, and with then
is owners have about bought up every rail
road and steamboat in the State. The peo
pie support the Herald and the Stars ana
stripes, and the HERALD will fight for til.
interests Of the puhlic against all monopolies.
ELECTION NEws.-partial returns from
the elections held n several States have beer
received. New York hs gone Republican
by from 10000 TO 10000, and botl
Branches of the Legislature are Republican,
Ia the city the reform Democrats defeated
the Tammany ring generally. New Jerse!
his gone Democratic, that purity electng the
Governor by over 5000 majority. Wiscon-
sin went Republican by 10,CG0 majority