Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1875-05-22
OILY YPIl. SATURDAY MORNING, HAT q, 1875.
POOR TACOMA.

The Tribune, SO long noted for its
skuolum tunitum in the future OF Ia
coma and the projects of the Railroad
Land Ring, has at last thrown up the
sponge, and sits like Despair on O
monument, smiling at grief" In its
last issue, referring to the applica-
ton of the bond-holders for a sale of
the effects of the Northern Pacific Rail-
road, it plaintively walls:
1--WE are free to confess that this bank
ruptcy business IL source OF disappolnt-
line of the road. Here, for instance, we had
INDUCED the hope that few more miles or
road would be built out of Tacoma, up the
Valley to the coal mines at least, during the
present wear, but that is now dashed to the
ground, and there is no longer the faintest
excuse for deluding ourselves with its longer
indulgence. This will ultimately come, as
also the completion of the main line across
the continent, but these delays postpone It's
coming to period so remote and uncertain
as to be actually distressing to those who
have looked, and waited, and hoped so long
i'm vain.'
While we mingle our tears with those
of our respected contemporary, we can
not refrain from observing that this
result was predicted when the Land
Ring exposed its system of hypocrisy,
double-dealing and fraud. 1t was dem
onstrated to the satisfaction of every
candid observer, years ago, that the
munifcent franchise given by the peo-
pie to the Northern Pacific Railroad
Company, was being used to subserve
the most venal and corrupt purposes,
ignoring, as it did, the rights and in
terests of citizens whenever they con-
ficted with the ambitious design of
amassing colossal fortunes in the short
est possible limit of time. When the
Land Ring overruled the action of the
Company in locating its terminus on
Budds Inlet, it but indicated the poll
cy which had, and which has, controlled
it, until the whole project went down,
amidst chaos of ruin. The Tribune
may wait until its type are worn to the
shank, before it will discover any pros
pect of realization of its fond anticipa-
tons.
Had the Land Ring permitted the
Company to have fulfilled its obligations
to the citizens of this place, the subse-
quent crash might have been averted.
The clearing and grading of the track
ten miles beyond the present "termi-
MINUS" indicates that waning faith in
the integrity of the chief operators,
necessitated the choice of "any port in
q storm" Instead of undoing the great
wrong the ring had done this commun-
ity, while in its power SO to do, it APP
pears the prevailing passion, the grasp
ing desire to retain all acquired rights,
was stronger than sense of justice, or
fear of the whirlwind of popular indis-
nation sure to follow its dishonest
course. But that it miscalculated its
own resources, as we'll as the power of a
united people, is shown by subsequent
facts. Seer ~ the location va AZ
nounced, Getty" lots were held at fab
ulous prices, with the expectation that
millions of dollars would speedily be re-
allied from them. But days and weeks
and months rolled on, without purchas-
ers, the bubble bursted, and hundreds
of innocent bond-holders, suffered equal
loss with the hot-heads who had shut
off every avenue to public sympathy or
support. If the road had been COM
pleted to Olympia, as contemplated, the
Company would have retained the cor
dial friendship of the people of the
Territory. Its operations, up to that
time, had enlisted the most heartfelt en-
thusiasm. 1t was welcomed as the hon
ored guest, whose coming would result
in mutual benefit, and between which
and the people would spring up the
closest relations of sympathy and inter-
est. Olympia to-day would have been
city, and the Company probably SOL
vent.
If a people can derive any satisfac-
ton from the humiliation Of o once
powerful foe, ours have ample cause
for congratulation; and if they were not
the best-natured people in the world
the Company would pay its share for
the support of the local government
and the protection of the laws, or its
rails would be speedily converted into
"pigs" and its ties into kindling-wood
by the sovereigns of the land and sea
and all that in them is"
FAR.-The fair held by the Ladies'
OF st. Johns Chapel, on Wednesday
evening. was n very ,,1aocuroI,la aynnt