The Placer herald., 1873-06-21
THE RAILROAD AND THE SALE.

| Last Week tue dEhALDs aItet showing
the unhealthy condition Of the Central Pa
ci6c Railroad Corporation and commenting
on the then reported probable sale BY Hunt
ington and Hopkins Of their in.erestin the
concern. remarked that. "They will sell as
certain as rats will leave burning ship"
And now comes the news that the sale has
taken place; that Huntington and Hopkins
and their eastern connections have sold to
D. O. Mills, Vim. Sharon, Michael Reese,
and A. A. Cohen four-fifths of the Central
Pacific Railroad and the same proportion of
all railroads in this State owned by the c.
P. R. R. Corporation, except the Southern
Pacific. Of course the HERAED knew wha,
it was saying when it asserted that Hunt
ington and Hopkins would sell. 1t knew
and knows that the burden of ebt with
which it is encountered is too much for it to
successfully carry; it knew that the impu
dence with which it had imposed ON and tyr
nnized over the people would not be longer
endured. In short, it knew that crash
was about 20 befal this corrupting mass OF
wealth, AMI it knew that Huntington and
Hopkins have too much foresight ITO allow
themselves to be beneath the rotten structure
when the weight should come upon it.
Whether this sale be bona6sle' or.'not, it il
now pretty certain, at least, that these two
controlling heads of the G. P. R. r. COR
poration have taken steps to relieve them
selves of the contemptuous trials and tribu-
l,tions which, if they continue. must newt
.bly fall upon them as Abe perpetrators or
nsiigators Of the most corrupt and unprin-
cipled money making schemes that an en-
iightened people were ever called upon t.
endure. The graspings of this corporation
have been the tnostunWineipled aui misery
of any in ex stence, and Huntington and
Hopkins. know it. Though built with thu
public funds, it asabeen controlled by men
who have made it acurse instead of ben
eft to the country. It lr,s its Credit Mobi-
'iers, only rnder a different name, and it,
contracts have been let for the benefit of tn,
oficers'of theroad In this way it has de-
rived, or we should say it's managers have
derived immense wealth, which has beer, EN-
ployed in preventing competition, thus rem
dering the people of this State absolutely
dependent on the one large monopoly for
their means of transportation. From the
25 O00.O 900 bushels of grain produced last
year, the producer. realized but little more
than the cost OF sowing and harvesting;
the rest was swallowed up by this one ali
absorbing monopoly. 1t has not been con-
tent with controlling all the railroad lines,
but has nearly monopcsized the water trans
portation, and made a stupendeus effort, by
means of bribery and corrupt,ng of public
officials,to possess itself of the watet front of
our best harbors, as it has the wa ter front in
Sacramento, and thus further pralyze in
dustry by bringing every branch Of trade
submissive to its will 1t would not only
place its iron heel on the people of this
coast, but it fam would have possessed it.
self, as we before said, Of our harbors, and
thus have swayed its scepter of submission
over the great commerce Of the Pacific coast
and the whole trans continental trade of the
Eastern world. This corrupting, monopo-
lizing, power has been acquired by the peo-
ple's money. They have used the gift to
oppress the -giver, and Cor all these acts of
vile, unprincped corruption and unscrupu-
lous oppression, they are soon to be held to
account. We say soon, because the Union
Pacific is now being brought to accoun', and
who can believe that the Central Pacific will
escape, when not an abuse has existed III
the former but what has had its equal if not
worse abuse in the latter In considering
the matter in this light, who can wonder
that Huntington and Hopkins should dis
pose-bf their interest, and endeavor to flee
INTO the mountains of Hepsedam, or some
oher-place, where they can not be-
hold the outpourings of the accumulated
wrath of an indignant people when they
shall empty their phals on the characters OF
these oppressors, and stain their names with
an unfadmg dye which will stigmatize their
future career, and be Shame to them for
ever.
.>->O-
SOME weeks Dso We mentioned that
there would be about sixty candidates to BE-
voted for at San Francisco. This coming elec-
ton. and that the legal ballot was only
large enough for forty eight, printed accord
l u