, 1879-01-27
TKANSCONTINENTAL,
Huge Monopoly Of the Existing
Railroad Lines.
More 6ubsidized Roads Would Only
Make Matters Worse.
An Argument In Favor Of 4 Road Owned aud
Controlled hy Tho Government, ass
Grand Regulator.

| - -" N"'N''A'"$s ~
Grand Regulator.
10 n. Editor NJ Tas Tribune.
BAN DlEoo, CAL, Jan. 1s.-Delicvinr that TINS
| TRIBUNE Ia willing to publish arguments which
may be fairly presented upou any Of the current
important questions before the people, I rcapect-
fu'ly ask space to present few facts aud argu-
mcnta In connection With tho railroad question,
which hus become ono Of the most i,nportant--is
not tia osttmportant-qucstions nov acltAtIng
the American people. Rapid and cheap trans
portatIon Is the foundation Of civilization; and
thfs railroad osr.tlon /. ma NJ n,r.mornt tntnr
| 49, y, a.. .,.s.t. ~ .,.. - ~. 49,. s.,'e"
60. ~ alo pcopsc o. tn!s cosss' iof ttiey arc now
uotno hand and foot by fatrond-monopolY
| which was established aud Ii maintained by the
| Ceueen] Government. md which haa heromo t1,a
| supremc power in hi. State. absolutely eon.
troiiing tts politics. debating its laws, governing
its con,n.-rn n,I iii n. irlr.,-tos ",1 n, A..
s,.,..- ""u III 80 'ss' ""u "'eh-
ae'.h ~ ptospee.t5-aSe, more than menaSnR
II, lof II u assuming the character OF
You may think The aboye i1cc1aratton /. /.
strono-'rsrhnn. ,oN...,.aes.n, .,a
,,,,. :. =. 70 ps.1esa,ssnt y. .no
case; out u IS llteta!f anu exactly true a. tho
pcop!e Of California know 10 their sorrow.
In order to present tho arguments aesire,
! al1ov ma To rcefto certain fncts In connrc,t,r
.tth III. ,ron.c,nt,,nnt, -,,d ,b,, 49, f...,t,ss.
~ ''''','NA
TO men Who nhve gwen any dcsfee OF attention
to tho subject, but which arc perhaps not known
TO large number Of your readers. or. II known,
not duly constlerci1, A Committed aono,o,nI
oy me tofts'secoha congress 70 examine into
and report tic actual cost Of the construction Of
THO u1ion and Central Pacific Railroads report
Cd as follows:
payment Of stock sntse,bed With Was reoa,IsS ~ ~
10 b. maid In monsy by iaw. y W. ina the rhnIo
cost OF construction ID b. In round numbers $780,.
600, 600. 3. Tho Companies received sSl God, ooo
in bonds, "a, 900: 900 mora than enough to bnttd
aad e1n,p the roads. 4, We lnd stoek ana 6.,nded
seeognt = amcn4ttng to Upwards Of SIR coo, goo. or
straetIon Of about so5. do. 600. ' ~'' so"'
This aurolv ,rax magnificent atari H,t +hs
"ef earnings Of theso roads Tor tho four years
ending Juno %, 1877, were upwards Of 60, 0o0,.
00o,-
MORN THAN rua ssrrnx r,Rsr oosr
o. s"o souos' a"u set' N h.c lace o' thes8 'aetes
these benetlctnfes Of tho Government Inaundcr
about their Investment Of prratscapitai In putld.
Ing railroads, mud Congressman and newspapers
~ 'enotAnt'J VI n4'..ouey assest'n0 lnat
thcee oenclc'af1ca ohcr 10 ouiia, una arc build
Ing. another tEsnseontinentat road " 18th private
ni.f f.1a.. Thev nevarh,a a,v o+,,er csr,,., .~-
Ivy W ,ol ~, .au ~ut ot.'ea eap''a.e
eep' "a' 1''e" anel" W u1e ou1tco states GOV
etnMent' ana hsey aFe no" Receiving from tHe
Trcakury Of the United Stntes, 10 tho way OF In
trre.t mn their hands. srm c.ch vcor ann, n
IT, s-...a ~ . - 49, e".4 .e"' eaua' ~
'he aIioa't os'uR eAoeaoeo W tnc1a III pusn'hR
on their southen Branch Of the Central Pacttlct
which IL intended to head of A competing road.
norton of the drtnnfnrs NJ tho fmmen,o
rnvenne. srlor.1 bv ~ f,rn,r., p.a,na ,aan
.r.-. ~. ,,t;sd ~ ~ ~, sh.a - s''...A, ,.as
"Iu ~ rr,.. -. sapE y. pn.ns'Aa pr
se's aos'uc"ssss tnV kte"t oalk M oeehs anu
J4 0GlQxt ukCu IN DuYlnG anu 6ukluLDN Htrt
roads, and In absorbing ali stcamshtp-llncs CON.
fnU to thfs Coast. The men who tcrelved tl,a
nrnccly ptft Of 4 tsnnscon tioentni raiirnaf frnm
cnntinuously viei1ed nrineelx rcycn"rs bnvo nso
had. aid laye yet. nlot,ev eun,,ci 10 snttsfv mar
Who could DO satisfcd with MONEY. f,uf man