The weekly clarion., 1875-12-01
THE SOUTHERN PACIFIC RAILR9A1
RcsolutiO"- Adopted hY thr go.
louis Convention.

therefore ht % resolved. |...
Southern line 90 the Pacific O..... .....
be built on or near the 32l p4u.. .
Shreveport, via II Pusa. t9 SAN D...
where II will make connections u..H II.
waters OF the Pacific in -ai. u. ..
lent harbOr, and connect g.-r H.H #
railway lines now building i..u -.
Francisco % the southern Iau .N Du.
fornla, thus securing c.uIua.a- .
that great city and pur.
That there should also h. r........
ed extensions from most ,I.-Iu.a.u ...I. +.
Texas and Pacific Road t \ua D.....
Memphis, Nlcksbur-, auI tum 20 u...
near the 1854 meridian q. \MH. f.. ..
der 10 reach the Mississippi E....
connect with every road wGd .Ur.. D..
the Atlantic coast. aud with eta. r..
way east OF the Rocky Mountain. ...
3. That % insure t0 'la nation ...
/ greatest benefits from this .Iu.. uI#.
/ and TO prevent it, being controlled goo ...
interest of any one parton section .i .....
/ try, there should bu established -..U r..
ulatlons As will maintain tlo r.lU H.m
Shreveport % the Pacific a- W .r.
highway and As "a competing lau +. H||
trans continental railroads, tJ He u-.. ..
equal terms 10y all connecting ulI. uU...
are now or NAV hereafter d. hur. -....
lar regulations 10 be applied .l buu..-.
receiving similar aid ta tly I.t.. ..#
Pacific trunk line
4. That il should be buiItat tn. T....
possible cash cost, iu order that tH. u...
pie shall be protected against uuIu. ..
oppressive charges, and shall BE- ..n
in its use At the lowest possible ar. d..
qulred to protect the comparatively small
capital expended ou it. Construction. a
result which can be greatly added m N.
construction at this time, when ml,.r.s.
and labor can be secured at prices uu.a
below those that have prevailed .r
many years past; and that Congl.-- -..I.
at all times reserve the power tQ r......
the people against speculation and uuur.
SION IN the use OF this national hI.....
D. That the building of tine main ...
should proceed under such regulations
As will insure the construction Oft 3D. ..YI
road continuously from the point uI ".
present completion in Texas tu -..
Diego in California, until jt m,.t. a#
extension OF the Same lime nam -aa
Diego.
8. That the construction of .u.I Ir#
and branches can be best secured DIS Obj.
extension Of Government uid Utn. Hn.
and branches heretofore mentioned -r
these resolutions, ir the form of "a ...uI-
antee of interest luot capita. uua MH.I..
ed amount OF five per cent construction
bonds, payable in fifty years, .o l.0. ..a
entire liability assumed shall uat m aug
event exceed two thousand duIMl. u.r
mile per aunum, nor the interest ou I..
actual cost Of the line and uiI hAu..a.
such liability 10 be secured hy "a Hr..
mortgage upon all the railway property.
and franchises Of the company. and upon
the hands granted by the United Static.
and any deficiency iu the earning. ui f..
line and branches, 90 meet thr m.u..
maturing ON these bonds while Oh, road
Is in course of construction. u bu m..
by the deposit in the United States
Treasury of one eighth of the whole
authorized issue and the saIr of
the same if IL becomes necessary u|..r
applying all net earnings and u.
ceeds of lands and the sums due iur Cu..
ernment transportation. mail aud luI..
graph service, to meet The interest -Y um.
turing, as aforesaid, s1 that there shall
be no outlay by the Governments. tI.-a
bonds TO be issued only tp the actual
amount Of cash expended upon tho r.u#
and branches, and upon the coruH.lt.
OF sworn commissioners appointed bg iue
Government 10 supervise the huIHu.
OF the line and branches, and th.r r.-
demption at maturity 10 Doe assured q.
purchasers and holders, by proyidm.a
sinking fund, out Of revenue uf th. ruad
and branches to be paid by the company
into the Treasury Of tho United -ul...
Of such amount as may bc uiioluu. lH
pay off and discharge the entire bonded
obligations Of the companies ON which
the Government has granted thciulu..t
z. That the President off thI- CuM.I.
ton be requested 10 prepare au adIr.
to the people of the United -mr... .u.
bodying the views set forth lu thn uruUH.
bic and resolutions adopted by thi- t.u.
vention and that ho be authorized III.
appoint Il committee ui Dhrta.u wUu
with the President of This Conventions
shall present an cngrJ.-ed copy o I..
Proceedings of this Convention, r.sDI0..
with the address, t0 the President W f#.
United States, the presiding officer #
the Senate and the Speaker OF thcIIm"
OF Representatives, and tD fHkn .I.u
further action as iu their Judgment MH#
be deemed best to further OBJ. object. lad
purposes Of this Convention.
Other resolution, providing fNH' 0.....
of these resolutions bc furnished 4. f..
Governors Of State, the Mayor uO .....
and the commercial aud other 1uN... r..
presented i'm the Convention, anI ul.
the Secretary have the Dr...... ...... f..