Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1873-09-25
aoME FACTS CONCERNING THE
VIRGINIA AND TRCCkEE RAIL-
ROAD.

Ormshy county. acting in obedience
to the distinctly expressed wishes of
. large majority Of its citizens, and
in conformity with an enabling Act
passed by the Legislature of 1869,
issued that county's seven per cent.
bonds, in the sum of 500, 900 to
the Virginia and Truckee Railroad
Company in fursherance of the con-
struction Of road projected by them
connecting Carson City with the
Comstock Ledge. in one direction,
and the town Of Reno. on the True
kee River, in the other. We recite
these we'll known facts in order to
denote, rs succinctly rs possible,
leading business reason for making
20 this community the statements
which follow. Another reason why
the facts related below are pertinent.
here and now, is that they may be
placed against certain wild and err
roneous statements made in regard
to the affairs o: this Company-as,
for instance, the statement made by
one Capp to the Senate Investigating
Committee in San Francisco some
weeks since, and the newspaper ex-
tract given below. Mr.. Capp stated,
in substance, that the profits of the
VAT. r. II. were as much as S4O,-
600 per mile, per annum, which
would be equivalent to a yearly
profit for the whole 50 miles of road
of sc $50 900. The Reno Crescent
of Sept. IS, has the following edi-
tcrial article:
RrrRkNcaxISr.-S the advent OF
D. o. stills into our sasebrush State IN
the CAPACITY of railroad manager, the
Virginia 4 Truckee Railroad Company
has inaueurated a system of economy
marvellous to behold. An increase OF
work with a reduction of hands. This
fiftv miles of road pays profit Of about
$4,000 per day to the company, with
which ID. 0. Mills is no: satisfied. 1t
will take wears for the company to grab
all the wealth of the State at that rate,
and Mills is pushing man who wants
j. all and wants it now. Sharon II he
took unscrupulously also dis5ursed roy.
aily. The two men seek the same enc
BIZ different means. Sharon nourlshed
the goose that laid the golden eggs,
Mills slaughters it. The same expert
ment has been tried before. We appre'
bend that the results in the two cases
will not be widely different.
Before proceeding to the presen'
tation of the more important figures
relating to this subject We will
briefly reply to the statements thus
volunteered by our Reno contem
porary and say, That the idea con
veyed by the Crescenfs comments
tina. Mr.. Mills has superseded Mr.
Sharon in the chief management o.
this road is q mistake, the truth o.
the matter being that Mr.. Sharon
still holds majority OF the stock o.
the Company and still retains hi
position As its President. CThert
are 80 900 shares in this corporation
and Messrs. Sharon and Mills OWE
abou. q 900 of the whole number
Sharon's share being enough to give
him a controlling interest.) More
over. Mr.. Mills is in Europe where
he expects to remain for several
months and as to the charge OF his
being willing to slaughter the goose
which lays the golden egg. it is bu
iustice to him to say that it IS mainly
by his own strenuous advocacy
AGAINST Mr.. Sharon's notions that i
has finally been agreed that the up
per part of the road shall be lal'
with steel rails-some purchases Of
which he, Mills, had already made Dc
fore he left for England. These are