Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-01-14
SEW RAILROAD rRoIkcr.


Congressman Hurlbut introduced Into
the House Of Representatives On Mon
day last a bill providing for . double
track freight railroad from The Mis-
souri, river to New York. Following
are the main points Of the bill a s'tele-
graphcd:
Ii promises that the route shall DO rs
nearly an air line a. possible from
Council Blutfs or vicinity to some
convenient point on the Hudson river
or Bay Of New York. to be commenced
within Que year from the passage OF
the Act, and completed In three years.
The capital stock Is limited 10 $780,
900. 900. 10 500 shares ; tho road to be
built Of the best material, with steel
rails and branches to be built to D
caco aud ST. Louis, and such other
places a the Directors may think nee
essary, but NOT over two branches on
the sauo aldo Of the main trunk In
any o State. The Directors are also
given power TO purchase or lease any
other lines OF railway already built or
IN course Of construction u they think
advisable. The road IA declared and
constituted , public highway aud post
road and In every way aud every part
Of Il subject to tho usc OF the United
States for all purposes-postal. militia
ry, aud telegraph. The Company ia
authorized 70 construct telegraph lines,
20 DO subject to control by Congress 40
tar n fixing restricting tariffs thereon.
The bill Delegates as bulk freight all
articles which may be loaded without
packages by shippers without handling
by the company, such ms coal u grain
In bulk. meats, lumber, ores aud live
stock, and Axes the maximum rate Of
freight OH such st o mills par ton per
mile for all distances exceeding seven
hundred and finy miles, aud @ mills for
distances less than seven hundred and
flfty and not over six hundred and sew
en- miles,7 for less than six hundred and
not over four hundred and eight miles,s
for less than four hundred aud not over
three hundred and nine miles, D for less
than three hundred aud not over one
hundred and my mlles AMI one. cent
for distances lcss than one HUNDRED anu
tny miles. aud In Winter one MILL
per ton To b. added " the rates. Tho
maximum rates on other classes OF
freight ars to 10 fixed BY u commission
which the bill creates. A fair extra
allowance to bc fixed by TIL. coinmls.
Sion Is to be allowed on live stock,
ftcights for extra handling. etc., and
for delays mate necessary for proper
aud careful transportation a. provided
by law. The bill provides fora com.
mis.ion Of i've persons, three 20 be ap-
polluted by tho President and oil
irmcd by the Senate, aud two by the
| cornpanicS who are to clxssify frelgiIts
and DIX maximum rates OIL all freiyhts
| not specified la the bill. making u re-
| duction proportionate to that madesby
this bill Oh bulk frelghts rs compared
with present charges on the leading
eastern anil Western roads. Tile Uulieu
States guarantees ) per cent Interest
| on a certain amount per mile. hot
specified In tho BILL OF tho construc.
ton bonds. which ara not TO be sold
except for cash and at not loss than
nlneiy-fve per cent. 4 sinking fund
to reimburse tho United States. ispio-
vided for. The charter End vii prlvi.
leyes contained therein are declared
subject to the control OF Consrcss In
every respect.
The road contemplated by tbs bill
may be "a necessity ; Il doubtless would
DC OF great benefit to the producers OF
Indiana. Iowa. Missouri, Kansas and
Nebraska. We should be glad TO see
IL built. AMI have no doubt that bonds
or stocks thereof would prove n good
investment. Bat while the benefits to
be derived may DO large. the security
for Reimbursement ample, We earnest
ly object aud most emphatically pro-
test against tho passage Of this bill.
Il proposes that the Government shall
guarantee Interest upon lts construc.
tlon bonds-to an amount not specl-
fled-at the rate Of five per cent. per
annum. This Il but another form OF
subsidy an endeavor 10 make the
people guarantee q private specula-
ton, and, rs We believe. fundament-
ally wrong and against the spirit OF
our governmental system. When. we
ask. has Interest on the bonds Of prl.
vate corporations thus guaranteed. ey-
er been reimbursed The Union and
Central Pacific railroads 1--WE us many
millions Of dollars, wrung by taxation
from the pockets OF the people, and
paid ~ intercs. on q railroad debt. IL
the people living OIL the route In ques.
| ton need a road like the one contem-
plated. let them subscribe and build 1t,
aud when so constructed give II away,
II they 30 elect +; but wherefore should,
VIC. the people of Nevada, be taxed,
either In money OF credit for u scheme
neither OF local benefit or value?
Why, In fact, should any single cltl.
zen DO taxed for something In which
no has no control, not even that OF
voter? viii u Senators and mem.
bers never learn that this Government
Ia not psternalf that 1t Il 4 Denocra.
cy? VIII they never comprehend that
the Government Is not q money lender
and that the Treasury Is not = brokers
office. where private bonds may he n.y.
~pothecsted? Has the cutlery against
any subsidy, no matter for what pur-
pose or by whom pressed, not yet
reached tho halls Of Congress? We
do not often prophesy, but venture the
assertion that the Senator or Repre-
sentative who favors this or any other
scheme to render the Government re-
sponslble for present or projected pri.
vato indebtedness cannot be reelected
to tho Senate or the House. The uni.
versal demand Of the nation Il that
there b. an end to the use Of public
lands. money or credit Tor private
speculation, and Congress win do we'll
W uSeu J.