The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-05-20

aud mako over, aud dld deliver over
i'm the nOino NJ the Central Pacific
Company 10 spld lOntrpgL and flnhnr
Cdhrpnhy, hrge 0ln0nnta OF money,
bonds, lands, aud other valuable HH'
SETS not leas than 2j,S5j,GlS II. Al.
io'1elo" sa'rliil ACruALcosT p" ''
nj u fairprlce, Of AL such nihtcrlo,
construction and pgulpmpnts, should
not, and did not, exceed the sum 1I
80, 222 $3.50 81 thnt the said delend'
ants, Stanford Huntington, Hopkins,
aud ". Is. aud q. CroClScr, on or about
the 10Th day Of July, lhJp, nader lllt
nhmo 0i said Contract aud Finance
Company divided among Themselves
tho said sum Of t208, 682, 66l 10, In value
of tho insects, subsidies and property OF
the said Central Pacific Company, Rs
aforesaid delivered to said Contract
and Finance Company and That the
snld SUN no divided wag In the proper
ton Of one,lifth part 10 each Of the
Inst named deieDdRnts, aud tbs whole
Of which ought In justice and equity
10 dong 10 the said Central Pnclll0
Company for the benefit Of lts stock
bOlders .... ..H... .... IN"
The question naturally arlses here,
where has this vast sum Of money
gone TO- aud what use lins been made
gift? by the aid Of public records,
aud of facts Otherwise well established,
we aro quite able 10 answer these ques-
lions" hftor bulldlng for themselves
M private individuals pnlatiai resi-
donces, costing IN one cnse ut lenst II
million dollars, aud otherwise prOvld-
ing for themselves Ia u prlnGcly man
ner, We ilnd that the treasury of this
company has been depleted In the
building, buying, and equipment Of
other roads, aud purchase aud further
nnce Of other enterprises entirely for
oign aud politless 20 the Central Pa
oilic Company.
In order tu demonstrate the grasp
ing, reckless, aud dangerous character
THIS GREAT PACIFIC MONOPOLY,
we here give the names of few, but
by no means all, Of the railway COM
pnnies and other enterprises boughtup
aud controlled by these grand CON
spirators; in addition TO the Central
Pacific ltailroad, they now have
Tho Western pacIllC Railroad,
The san Frnncisoo and Oakland
Railroad, IN l0l r...N Uaa .J. .I
The San Francisco and ALAMEDA
Railroad, .......
The San Francisco and San Jose
Railroad, giI. UUa HH'AE.f
D.. The Southern Pacific Railroad,
The Potrcro aud Bay-view Railroad,
The San joaquin Valley Railroad,
Tie California and Oregon Railroad,
The los Angeles and San Piotro
Railroad, Ha.naH iasI OBJ IUm
The. Chesapeake and Ohio Railroad,
The California and Pacific Railroad,
and these various telegraph compa-
MES, the Market Street Railroad Of
San Francisco, the Rocky Mountain
Coal aud Iron Company Of Wyoming,
the Oakland Water Front Company,
the sacramento Record and the Sacra.
monto Acknowledgements land the
Dutch Flats Wagon Road, besides
large Interests in Wells u l'argo's EX-
press Company. The above partial
list will give a pretty clear idea, we
think, of where the money aud pro-
perty OF the aggrieyed Stockholders Of
the Central Pacific has gone TO. II
was also frequently, asserted without
contradiction, during the progress Of
debate in the California Legislature,
that Huntington Stamford N Co.'s
Ring, with some minor corporations,
are the pOssessors Ut not the honest
owneis) Of more than Si50, OO0, 900
worth OF material property Of the
State OF California amounts to only
twice TINT sum. Considering the
aRAspING AND UNsCRuPULous
nature of the individual members com.
posing the Tipg and the fact that they
are increasing, their financial strength
and means 40 the rate OF about
500, 0O0, 900 u year, IL II not time that
measures be taken for the protection
of the people, instead of comforting
upon the monopollsts additional facil-
tiles for extortion and mischief. |.l
I We find, upon investigation, that
all the above named railways, espe-
CHILLY the South ern Pacific, are equip
ped and operated by rolling stock fur
nished from and by the Central Pacific
Comprehensive also find that there
are but three or four other railroads in
the United States whose tarift Of fares
and freights are as high as those OF
the Central Pacific, and its earnings
for the year 1879 We're upwards Of
Sl7,00O,OOO while itsrunning expenses,
rs reported by Stanford himself, We're
but II per cent OF those earnings. And
YET II the statements of these people
are to be taken, and In the face, too,
OF the above showing, they. ape quite
unable to pay in anything towards
sinking fund for the redemption Of
bonds loaned them by the Govern
ment Still they publicly announce
that they are prepared to expend
$l0,000O 900 to secure favorable legisla-
ton from Congress, especially to defeat
similar legislation In behalf OF tho,
Texas and Pacific Railway Company.
( In late issue we made some refer
enee to the entire bogus nature o. the
SAG, 000, 00oin bonds issued by Hunting
ton " Co. upon their Southern Pacific
Brsnch Road. Our opinion and re-
marks upon that transaction have
been more than justified, for as we
write, memorial from prominent
Stockholders aud citizens of California
Is being forwarded to all the principal
money centres of this country and
Europe, warning people against nego-
tiating suuh bonds, for the reason that
they We're issued contrary to law, and
merely for the purpose of individual
profit rather than for
TIiE CoMPANY's BENEFIT.
In other words, the transaction is
mother wholesale and opt-and.out at !
empt at stealing. hut we do not
,hink to consprators will realize large
y by this stupendous piece OF roguery,
hough they may, Indeed succeed, in |
uinihg the honest stockholders unless
hey should succeed iii their present
'flort to prevent IL. Our reasons for
Warming the public agsinstt hese bonds
vas principally, that they were. based
mainly upon a revoked or invalid land
grant, whlchpiha been, and how Is
10 held and treated las void by the
proper department OF the Government.
10 this may now be AIDED the further
.easons stated IN the protest above re-