The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1873-05-29
TIE MONTANA RAILROAD BILL.

extra session Of the Montana Legislature, owe
1.-The veto Of the Governor It provides for
subuission to the people Of tho sevelsi coun
ties throug Sout that Territory Of the questio
of subscribing to the Capital stock of any it
Incorporated company proposing to construct
railroad from either the line Of the Union Pa
ciic, Central Pacific, or Utah Northern rail
roads, into or through the Territory of Mon
tana, such subscription not to exceed twent
per cent of the taxable property, the question
to be submitted ut the next general election
and the subscriptions to be apportioned o.
follows: In the counties Of Madison, Jedsrsol
and Gallatin, proposition 10 to b submittst
to the qualified electors, to take and subscrib'
to the capital stock of such railroad company
fifteen per cent. of all taxable property in eact
of said counties, two per cent thereof to b
taken when such road shall reach and enter
said counties respectively, and the remaining
thirteen per cent to be estimated BY the A.
SCISSORS returns 10 the year 1876. That sim
liar proposition to subscribe to the capital
stock of such company an amount not exceed
ing ten per cent Of the taxable property in the
county of Meagher be also submitted to the
qualified electors Of that county-two per cent
to be collected and paid when the road reaches
and enters the county. and the remaining
eight per cent to be levied aud collected on
the Assessors returns for 1876. The PROPOSE.
ton to be submitted to the people Of Lewis
and Clark county is to subscribe twenty per
cent of their taxable property, two per cent.
to be paid when the road reaches or enters the
county, and the remaining eighteen per cent.
when such road is completed to Helena The
subscriptions are to be ia thirty. year coupon
bonds. bearing seven per cent. interest. The
bonds amounting to two per cent. Of such sub
scriptons to be issued when the road reaches
the counties subscribing thereto respectively.
and the residue to be issued aud delivered when
the road is completed and in running order to
Helena; said road to be first class in construc'
ton. rolling stock aud equipments. aud Of not
less than three foot gauge, and to be completed.
put in running order. fully equipped with roll
ing stock, etc. to the city Of Helena within
two and half years from and after Septem-
Der 30. 1873. Upon the bonds being so issued.
the railroad company accepting the proposition
is required to issue to the several counties. 80
subscribing. certificates of the capital stock Of
such company. in shares equal to the amount
Of such bonds, which shall entitle the Commits
sioners Of the respective counties 20 subscrib.
ing to q voice and vote in the affairs Of such
ruilrOad company, tho same 40 other stock.
holders. The road, rolling stock and equip.
ments are not exempted from taxation, but ali
taxes collected thereon are to constitute 4
special fund for the payment Of th. interest on.
and final redemption Of. the bonds issued
The bill was carefully drawn 20 a. to guard
md protect the interests Of the several coun.
les subscribing in aid Of the enterprise. and is
10 fair and liberal in its provisions that we can
not see any possible objections that can be
raised to the counties taking stock 10 what will
inevitably result in repaying a thousand fold
he paltry sums that will be required to place
Montana in communication, by rail, with the |
outside world.
Had the Idaho Legislature, at its last ses.
ZION. passed bill similar in its provisions, it
would, at least. have attracted the attention Of
'ailroad men throughout the country, and hate
:aused them to investigate for themselves ~ to
he resources Of our Territory, "a also a. to tho
feasibility and probable cost Of construction OF
J line of road connecting Snake River Valley,
r Boise City, with the Union or Central Pc
'i6c roads. As it is, having made no effort in
ur own behalf, it will be looked upon abroad
s though we are not over confident, ourselves,
n regard to the richness or permanency of our
mines, but rather that we lack confidence in
he extent and permanency Of our internal re-
ources-agricultural, mineral and otherwise.
The people Of Idaho, through selfisbness or
ONE other cause, act like set of Rip Van
Viokles, while our Montana neighbors are
vide awake, imbusd with the spirit Of pro.
ress, and give practical evidence Of their
on6dence in the immeasurable resources oil ,
heir Territory by Offering to assist, to the ex-
INT Of their financial ability. ia opening up by
ailroad communication with the outside world
vast and inexhsustible field, wherein labor
nd capital can find profitable investment in al
ranches of industry.
The MoDocs.-On May 22d, after the 10. {
exchange Of several messages through two q