Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1876-02-09
SOUTHERN PACIFIC RAILROAD.

- { WASHINGTON, eDruary ILL answer
to the argument recently used that the
Southern Pacific Railroad Company
would not build a road even if author
lied to do so. the reply is made that Mr.
Huntington has offered to have the road
completed TO the Rio Grande in three
and one-half years. and has assurances
from strong companies to have line
from New Orleans there to meet il. and
is willing to put up good and sufficient
security III the Treasury.
Anything 70 secure TO themselves a
continuance O. their control of railway
carriage across the continent-that is the
all-in-all with the powerful and grasping
corporation which Mr.. Huntington rep
resents. Congress had better vote twice
the amount asked for in SCOTS bill 10
aid in the construction Of q competing
! line, rather than that Stanford, Crocker
& Co. should be permitted to perpetuate
their already oppressive monopoly-even
though they should offer 10 carry their
southern line across the continent free
of expense to the Country. The people
/ need 20 be protected against the rapacity
Of the Central Pacific Directory. The
| present attitude Of that corporation is
! that of a set OF men who, having be
come the personal possessors Of millions
of dollars. each. through the Inuuifi-
cence of the Government, are using their
wealth and influence TO prevent the peo-
pie from obtaining any relief from their
expressions. Let them have their way.
and the entire railway system OF that
vast area of the North American CONT
nent which is represented by SO Eluch
OF the map as includes the whole Of
Oregon. California. Nevada. Arizona,
Southern Utah and New Mckee will be
absolutely sublec, to the policy, purposes
and project, OF Leland Stanford. Mark
Hopkins. Charles Croker. David d.
Cotton and {. 7. Huntington. Make
Tom Scott their rival and they will he in
some measure restrained of their power
to dictate terms to sixth part Of the
Western Hemisphere.
SAVINGS BANKS IN MAINE. - The
state OF Maine offers an example of
the excellent advantages OF The savings
bank system. The report Of Hon. W.
". Bolster, Bank Examiner, shows
that there are "a savings banks in the
State, OF which five were established
the past year, at Limerick, Auburn.
Lewiston, Saccarappa, and Brunswick.
The deposits on the first of November
were s322,0>5,:;l4.2S. an increase OF a
little over a million dollars during
the year. The whole number OF de-
positors is I01 ,32,i. an increase during
the year of 4,52211. I, will be noticed !
that about one i'll every Sin of the total |
population OF the State is Il depositor
in savings bank, with An average |
deposit OF $50. The Examiner says
that some of the banks have been obi |
ged 10 resort to their reserve fund i'll
order TO pay six per cent. dividend the !
past year. He recommends that the /
limit be put at five per cent, and /
fourth OF the State tax he RENTED, so |
as to enable the banks TO accumulate |
the necessary reserve. lie also recon- |
mends that banks be authorized to |
loan portion Of their funds on names
alone, and that there be a law to re-
quire them to keep their. deposits
within the State.