New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-09-07
OUR SAN FRANCISCO LETTER.

| HUM SEHC ALasG-tAhDAHeF E1OHu TO TIT
Mississippi Valley Central Pacific
Railroad Company-COIorado River
and Texas Pacific Railroads GnvernOi
Booth aud tile Germans-GOyernoI
SolomOn-CaIifornia for Greeley.
Especial Correspondence Of the Republican,
SAN Francisco, August 90, 1872.
EDITOR REPUBLICAN:
The diamond excitement after few DAYS
of "ftfuI fever" has ceased to excite even
the most credulous and as a sensation is no
| longer success, the tabled interviews" in
the local papers to the contrary notwith
standing. After the discovery of the first
diamond field, organization of a company.
| and selling the stock privately ito few
| friends only" whom the stockholders wished
| to let into a good thing as mere matter of
accommodation, other discoveries have
followed fast and followed faster" offer
ing greater inducements to the credulous
and untold wealth in return for few dol
lars invested in order to afford sufficient
capital to work their new Golcondas This
week, however, no new discoveries have
been reported Probably people are begin
ming to smell the narrative of rodent
Colonels Scott, Williamson, Forney, ex-
Senator Harris, Governor Throckmorton,
Senator Sherman, and others of the party.
arrived last Thursday and were received
with distinguished consideration by our
leading business men, whom they addressed
the following night and left Sunday for San
Diego, about six hundred miles distant
down the coast, where they were received
with perfect ovation. On the way down
the Larty stopped over day at Los An
geles; were met by delegation of leading
citizens at the steamer, and escorted INTO
the beautiful Getty of the Angels" ands
spent the day in agreeable converse with
its atfable citizens and riding around the
suburbs and enjoying the scenery Of this
model and pretentious little city
Our people are anxious for another rail
road across the continent and especially
one to the great and wealthy Mississippi
valley. Beginning with not enough money
or credit to build and equip one section, or
L may truthfully say, one-quarter section
of road, the Central Pacific Company has
received IN direct contrib utions, IN money
and bonds, from private individuals, coun-
ties and towns in this State, together with
government bonds and lands. both State
and national, enough to build and equip
their road and create them millionaires. the
three principal directors being estimated to
be worth $l0000,000 each. And vet, like all
grasping CORPORATIONS and avaricious men,
they cry for more. They threaten to VIC
late provision in their charter by making
their terminus on an island in our bay,, and
there build up a rival city to San Fran
cisco. Seeing that the Scott party mean
business" and intend building rival road,
not asking dollar subsidy, the great mon
opoilst who has waxed into a fat millionaire
from an Oil dealer IN moderate circum-
stances in second-rate city, now offers to
compromise if our city will donate him
sixty acres of water front for depot and |
$1,000, GOO. Inasmuch as our citizens are
taking up all the stock, and intend build |
ing the Colorado river road to connect with |
the Texas Pacific, which latter does not |
ask US for subsidy, can see 10 reason |
why this money and valuable property
should be given to road already built, |
which has never shown the people, whose
money built it, any favors, but has ground |
them down with exOrbitant freights and |
fares, and the demanding and receiving ad-
ditional subsidies, until now they are SO
impoverished that they are really unable to
assist any new enterprise, even should it be
desired
Governor Booth, who sighted the Grant
Germans by not fulfilling an engagement
to address them on former occasion,
healed the dissension in that small element
by addressing them last evening.
Governor Solomon, of Washington Ter
rItory, leaves that extreme northwestern
slice OF Grants personal government in
charge of ITSELF and HES himself off to
address his German fellow-countrymen on
5he virtues and worth of his master, to
whom he is indebted for bis appointment,
and, in consequence of this disinterested
patriotism, no doubt expects renewal of
he same, ii, provided, etc.
Very few of our German citizens will
7ote for the horse jockey. They remember his
tction during the late Franco German war
hat little matter Of the sale of arms-and
hey are also mindful of that leader of
he late KnowNothing party, Wilson.
Greeley's majority in this State may be
afely estimated at 10000. Booth was
lected last year by over. 5000. The city is
argely Democratic, but the election of
republican Congressman is secured by the
domination of very unpopular and unac-
eptable Democrat-literally, one of the
Respectfully, J.M.S.