, 1877-10-26

the nation.
THE TExAs-phc1FIc SCHEME.
Mr.. ION ScoTr aud his partners In the
Tcxas.paeiac Company are PLACED in an en-
bnrrnsstng situntion by the California capital
lists who have oGarcl to relieve them aud
tho Government uf their undertaking. II Ia
one thing to provo that Southern Pncilo
1soal is nee1ei, ana another thing to ahow
that IT caunot 10 built without Government
| aid In money. THE TRIBUNE hos always
maintained that when the country was roady
| for tho road private capital would build it;
a1t1, as matter Of fact. the Southern CAL
ifornia Company has olforod 10 rusl,
thoir roaa through to Fort Worth With
ont tnking one dollar from tho National
Treasury, or demanding the pledge Of the
national credit to the payment OF railroatl
bonds. This is an ugly fact for the pro-
| moters of tlle Toxas-P ecifio subsidy schome,
which they cannot got over, undor, OF
around. Shuttle, md squir1n, aud provaricate
"a they please, they canuot advance o cold
reason why the Government alsould MD ono
company with money to build road which
! another company Ia willing 10 build for
nothing bnt tho land.granta already conceded.
These Immigrants, indeed, may well constitute
n sufficient 1notivo for nny company 10 un-
etlertake the construction Of tho road. Tho
Texas s. Pacific Hoad has absorbed three
companies, each Of which had large possess
sions in lands obtained from The Genornl Gov
ornmoht. Tic subsidy Of tic present Com.
| pany In land Ia estimated to l,e -, 500 GOO
/ acrcs, an area lnrgor than the State Of Ohio.
Besides this, tho State Of Texas grants to
the Company 1o,2o0 acres OF land for every
mile Of road built mud equipped; under this
act tho Company has obtained possession Of
about 100000 acres Of tho best land be-
longing 10 tho State. The land still uncon-
Ar,ned 10 tho Texas Pacific Company seems
10 tho projectors Of tho Southern California
scheme valuable enough to induce tho build
| lug Of tho rond without money aid Yot
ION Scor7 i Co. assert that they cannot
possibly 60 on with the work unless thoir
bonds are guaranteed by the General Gov
ern.nent to tho an.ount Of s35, COO per milo.
Although Tho merits OF tie case aro 30
plain that serious argument is impossible,
wo find some Of the Southern papers bolster
Ing up Ton Bcorr's plum for getting into the
National Troasury. Their motive is desire
for local connections; and they raiso tho cry
Of monopoly" and "unjuat discrimina-
tiou," rs II Mr. soorr had hitherto boon a
bonofactor Of his co,-the just man mado
peEfect, to whom the science Of "poo1irE y
was unknown. We aro settled In ali older
community, and have had more experience
| ~ ~ I1Hr.1f.s bntf&a $po -
ho runs railroad to make money; that
competition Is as much n bugbear to him a.
to any other business man; aud that ha III
now member Of the most gigantic railroad.
pool known in the history Of this country.
When oil the Eastern trunk-lines nro hacked
inlo ons pool, and twcnty-six Of tho West
crn afd Southwestern roads into another
pool, 1t Is Idle to talk Of Nailroad prcai.
dents rs ii they wero diyiuities chief.
ly cngaged In charitable works. Yet
this h about tho position so,na Sonther,,
newspapers, particularly the Momphis news.
lnpe.s, now occupy. They defend Ton
bro1T, and assuMa that ho has no aspirations
in this world except TO build mp tho b1issis
aippi towns, oyou II ho Inns to got into the
National Troasury to do it. Tho Momphii
Apaancdet wo regret to soe, IL tho especial
champion Of tho ca,ase. In answer 10 so.pe
rcoeut st1ictu1cs Of TnE Tn1DuNz on The
Texas-p Pacific proposition, tie Ara1Meh6 nays
that tho Government IL not asked 10 Issue
bonds, hui to "guarantoo them that Tu1
Ta,nuaz haa unfairly xofnse.a 10 print ths
provisions Of tho Texas-paciao bill AMI
that tho Southern California Company Il