Daily Los Angeles herald., 1879-09-26

advantages; as between such Ma
ture herself has Disseminated.
The Ex-Governor then proceeds
to argue that the Railway Commits
sion of California is imperative be-
cause it conflicts with the Thur
man bill. But the finest achieve
ment Of this railway casuist is
where he boldly joins issue with
Gorham, and a good many other
possibly misguided people, in the
following racy and unmistaksble
defiance to tall the world and the
rest of mankind.u We confess that
we hold our breath as we peruse
these serene sentences, so en-
tirely at variance, as they are. with
the popular and official interpreta.
lions of the relations of the Central
Pacific Railway with governments
vf greater or lesser magnitude. We
quote:
The changes ia the organic law
In relation to railroad corporations
were undoubtedly Influenced b,
the consideration that your com
pany has received in some manner
aid from county, State aud Nation
al governments, but, as to what
that aid was, there is unquestiona-
lily great Misrepresentation. The
fact is, there has never been any do.
nation made to your company
either by the National, the State,
or the county governments. The
counties OF Sacramento and Placer
subscribed to the stock of your
original company, and gave their
bonds in payment. Afterwards,
they disposed of their stock for as
much as, or more than, the bonds
were worth at the time they Issued
them. The city and county of San
Francisco, apprehensive Of possible
liability for the debts of the com.
pony when Its affairs did not look
very bright, compromised with the
company, aud, In lieu of subscrib
ing for stock, gave four hundred of
her bonds. The only aid rendered
by the State was, under contract,
to pay the interest on $500 of the
company's bonds of $1,000 each
the company to pay the principal,
and in return 1t was 10 render. and
has been rendering, very important
service. The aid derived from the
government of the United States
was its bonds loaned, aud alternate
sections of land given upon a con-
tract very onerous upon your Com
papy, and of which only its posi-
Die want of ability to otherwise
tconstrrct the road, justified ac.
ceptance. Your company has not
been enriched by donations. The
county, State and National govern
menls have, under their contracts,
not only realized all and more than
they expected, but have had much
the best of the bargains. IF, when
they mr3o those contracts, they
wanted something else than there
in pTOvided-a freer exercise of
power of regulation, for instance
they ought to have SO nominated
in the bond. To claim and take
what is not so nominated, is to take
by the exercise of might, not OF
right. Under these contracts, the
company owes the counties, the
State and the United States moth
ing but its goodwill and loyalty.
There is here no Sinking of the
issue. Though this mighty COM
pany has grown rich beyond the
dreams of avarice, or the imagin-
ings Of a Monte Cristo, it has real
ly been, all the while, very much
pei secuted and Disseminated
against corporation. Its self-sacri-
ficing champions can console them
selves, however, with the sugges
ton, born of faith that self-deny-
ing virtue is at least regarded in
the world to come. In the supernal
sphere, at all events, long suffering
Is not without it's reward.