Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1878-09-07

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qair.Hi-ui~ T.a&l u y s-snAliS a. -ti- a.
tlss -lAis,iard-saugs. ;. That the e. E5ial w
vested lis, p. ilz> prov 81 nioF. Trsnun-fAtiVe
than like Investments made in Standard
..sug, 1. ads under similar conditions q.
Thai when buiit they have given satI>fac-
ton 10 .neiI Isatrons equal ~ thai OF the
standard gauge.
8. That the real advantages of the mar
row-,auge roads cannot liz fully coiniar,
with the standard gauge reads until they
can he able TO reach. 10y extension or cnil-
nection. general distributing depCts until
which time their advantages cannot lie
fully realized by the public.
4. That the narrow gauge road should
no longer he looked upon AZ an auxiliary
road, merely because it is constructed on
the 3-foot gauge.
5. That a narrow gauge road may he
built at the present prices OF labor and ma
terial from the Mississippi river to the
scaboard, capitalizing upon the basis of &C
tual cost, and proiitabiy compete with the
water routes for the transportation of
freight
6. that inasmuch very few of the mar
row gauge railways of America have an
Indebtedness exceeding one half their &C
tual cost, and that many are projected when
the companies have already secured avail
able stock subscriptions equal to such pro-
portion OF the estimated cost. we invite
the attention of capitalists to the bonds OF
these roads as 4 matter Ofinvestment, and
to carefully consider the security offered.
The liability of the companies, and their
ability as an earning power, and to care
fully compare the same with the standard
gauge roads now in operation.
7. That inasmuch as serious mistakes
have heretofore been made in the location
of lines possessing merit, great care should
be exercised in the selection of new lines,
and only such should be constructed as
may be actually needed, and capable OF
their cost, and that one Of the best eviden-
COS whether q certain line is needed or
not is in the cooperation Of tho people
along such line, and unless such cooper.
alton equaisat least one-half the estimated
cost hereof, this convention would advise
great moderation in the deliberations Of
any company before entering upon such
8. That the narrow-gauge railroad is the
road for the people that its cost comes
within their reach and it offers to them
q transportation facility superior to that
offered by any other means.