Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1881-08-05
NEvADA,s PITIEUL CONDITION.

trail Pacific road on the question of the
exorbitant freight tariffs to which this
State was being subjected. The reporter
said: "The people Of Nevada feel very
hard about having to pay freight through
and back, If that was changed the rocd
would have fast friend in the State OF Ne
yada." To which Mr.. Croker replied
Eyes; it is pity that Nevada is not located
on the shore OF the ocean. But until We
get to running railroads as cheap as they
can run boats OF the water, places lying In
land wi have to pay higher freights. Ii
we did not charge Nevada local rates 81
would have to raise the rates on through
freight in order to live. Then. we would
Jose the through freight and. would have to
tax local freight for our support" The
idea Of raising freisEts sin order to live" is
very amusing. The following figures taken
from Mr.. Daggett's speech will show to the
people how near the road comes to civ
ing:
The original incorporators paid in 10 per
cent. on 81 900 mile for lis miles, the
estimated distance from Sacramento to the
Nevada line. Twelve hundred and fifty
shares of stock were subscribed at 500
per share, of which Messrs. Stanford, Hunt
ing, Hopkins and Croker took 600 shares.
Assuming, however, that they advanced the
reqnired 10 per cent. on all the shares sub
scribed, their original investment did not
exceed So, 500, ell told. On this small in
vestment the gentlemen have done well-so
we'll, in fact, that in 1877 President Stan
ford repo ted he property of the Central
Pacific to be worth $1S7 ,OO3, $50 &c, while
Mr. Crocker, President of the Southern
Pacific. valued the property of that road at
$115, 359, oil SO, making total valuation of
$500 1862 ,692 Ga. The Indebtedness of the
Central Pacific was given by Mr.. Stanford
at SS5, ?91 $50 g. and the Indebtedness of
the Southern Pacific was placed by Mr..
Croker at $50, Ala, 1872 95. making a total
Indebtedness of both roads of Sis, $780,
9S3 SO. The account then stood as follows:
Value of the property of
both roads. ........... S3O2 362 G92 Ga
The indebtedness of both
Assets over liabilities lac. /
cumulatel in Is years. 1856, $50, 008 05 |
OF course the largest portion of this |
enorm rus amount has accumulated by the |
back freight charges, of which every per- |
son in the State is familiar. Under the ter
rible drain to which Nevada is being sub
iected to en- able the road to "live" it is not |
surprising that the red flag OF the Sheriff is
waving over SO many leading business
houses and that the State is being depopu-
lated. Nor can the necessity of securing |
fair return for the money invested by the /
Central Pacific railroad owners be urged in
explanation Of their extraordinary charges
When they began the construction Of the
road they paid taxes in the aggregate on
property of all kinds amounting to less
than $50, 600. To day their railroad prop
erty alone, with the indebtedness standing
against it deducted. is valued by them at
the enormous sum of over one hundred
and eighty-six million dollars. But it Cam
not be shown that they ever advanced
money enough from their own pockets to
build sing mile of the road. The bonds
Of the government and the subsidies and
gifts of the people were more than sufficient
to build and take the road entire.
The interview continues
R-"The people think it is great hard
ship on the State and keeps it down. The
Gazette would be glad to say that there is
hope of change"
Mr.. G. THAT is impossible at present."
What do you thing If the outlook
Newspaper editors continue to abuse
Gniteau. Some of these writer's have
seized the opportunity to make great
effort in the way of heavy invective and have
poured upon the head of the poor demented
wretch all the vile adjectives in the Ian
guage. There are papers on this Coast
who have given Guiteau half a column of
abuse day, yet ruffianly desperados who
have shot down inoffensive citizens in the
towns where the newspapers were pub
lished, have been continuously alluded to as
"quiet, gentlemanly persons" who ''never
were in the habit of engaging in personal
difficulties" There is great deal of differ
ence between man locked in a cell several
thousand miles away and live sporadic
stalking about the city on straw bail and a