Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-01-23

On the Eureka d Colorado Rail.
r0nd.

EDIToR SEsTISEL-Dear Sir Just allow
Plain John a word on this new railroad.
II this E. & G. r. r." is such a profita-
BILE investment as represented by its friends,
why do not they organize q corporation
able to build the road. without taxing the
counties through which it is to pass Z
Surely, in these counties and in this State
and California. there are q sufficient num-
Der Of shrewd business men to engage in
so paying a project. These prominent
citizens" must certainly, in organizing
mining and other corporations, have had
experience to qualify them to obtain in
vestments OF capitalists. II they have not
had this experience, they are incapable
men, and it would be unsafe for Eureka
county to trust 500, 900 to their manage
ment. II these prominent citizens F"
are 30 DESTROYS Of benefting three coun-
ties of this State, it is strange that. know
ing the impoverished condition of these
counties, that they should desire the conn
ties to impoverish themselves more yet by
unnecessary taxation. This kind of be
nevolence is like taking bread from a starv
ing man and telling him If he goes ten miles
far Their he will come to a town where he
can get plenty to eat. The projectors Of
this road have failed to give Eureka county
q guaranty Of substantial return Of $780,
900 hard cash. 1t is as clear as anything
can be that by the provisions Of Section z Of
the proposed bill of incorporation the
prominent citizens" have secured them
selves against all possible losses, for, the
bonds being given as provided, the conn
ties must pay, whether the road is profita-
BILE or not. Any novice reading 1.-THE
Perley Bill" can see what care has been
taken TO obligate the counties, to bind the
counties with the iron chains OF statutory
enactments, while the beautiful "E. & G.
r. r." may go up in a balloon
and no one can find them, even
If he had the wings Of a dove and could
fly to the uttermost parts OF the earth.
There is in this Perley bill a studious care
not to define the nature Of the e. X. p. r.
r., end all illusions to the duties. obliga-
tons, contingencies and restrictions of the
powers Of the e. & G. X. r. are purposely
omitted. Some Of these important de-
fciencies were pointed ont by Amt Sub
sidy" in the Sc sTISEL of tie 21st instant.
The character Of the stock and the amount
to be issued are not described, while the
bonds, their interest, payment, ETC., are
most particularly specified. The friends
OF this mopey-making scheme are sedu-
lously showing the advantages OF the road
10 the counties through which it is to pass,
always showing. however, the inevitable
taxation OF these counties. But all the
advantages they claim for it will be OBJ
tanned if a road is built by a legally con-
stituted corporation of private individuals,
similar to the Eureka and Palisade Rail-
road. 1t is true, those fathering this
scheme, say. Propose a better plan for
a road and carry it out" There is no
doubt if this new railroad was such a
splendid investment, that plenty OF money
would be found to build it,; but no corpo-
,.ie body in this own would succeed with
A,Ach a plan unless the great mining COM
paiiies here would support the enterprise.
The E. a. c.. r. r. has. in this respect, got
1.-THE inside track" inasmuch az those in
Eureka connected with this road are the
obedient servants of the Richmond Min
ing Company. Unless one wears leather
spectacles and has his ears covered up. he
knows that this attempt to get 500, 900
from Eureka county in gold paying bonds
with interest. is a device to enrich the
Richmond Mining Company and its en-
ployes.
There is in this railroad bill q
dangerous precedent. II a railroad
corporation can be formed and
enforced on q county taxation without
a petition or vote to that effect by that
county, where is tho use of a free Ameri-
can government? This bill asks for Meth
err a vote or petition from the county, but
demands Of the Senate and Assembly OF
Of this State authority to tax this county
aud two other counties. If a few individ-
uals can thus force the people of a county
to pay a tax without the people having the
privilege to a voice on the question, the
sooner we resolve ourselves into British
colonies and 60 back to the year l774, the
better.
How delightful-to the Incorporation
10 the arithmetic Of this " Euchre COM
pany. $4,000 interest annually on bonds,
taxation on $780, 900 worth Of stock.
bought at par value, assessments on stock
when the road fails to make all concerned
rich. And wherefore all this waste? An
swer-that the county may receive the pal
try tax on ten miles of property belonging
to a narrow-gauge road. PLAIN JOHN.