The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1882-01-28
The New Railroad Bill.

In the house yesterday was intro
duced a bill adding to and amending
the bill passed two years ago, granting
4 certain conditions the uan of
bonds to the Wyoming, Montana and
Pacific railroad company, the main
conditions of which were N hundred
miles of road built north from Chey-
edne, and in Laramie county, and~the
erection of machine shops in this city.
There was no specified time in which
the work should be done, but the gen.
orally accepted idea was that the work
would be done Immediately, and the
measure having been placed before the
people, was supported by their express
sion at the polls. However, as yet,
nothing has been done beyond h pre-
liminary survey.
The provisions of the new bill are,
simply stated, that a limit is placed
during which the provisions of the act
shall hold good, that being that the w.
NJ. &c z. company, in order to reap the
DeHtHb VI tuO plOfioiono VI ~ NV
must fulfill it's stipulations within the
year ending Jan. LIST, 1888. In case
these stipulations remain unfulflled at
that date, so far as the act applies spec
tally to this company, it is annulled;
and the county commissioners of Lara
mic county shall have the authority to
enter into a contract with any company
which will fulfill the conditions mem
toned within the period ending Jan.
LIST, 1885, and issue bonds not to exceed
the sum of $500 600.
An amendment also makes the inter-
est on these bonds 5 per cent. in either
case, instead of 8 per cent. as specified
in the original act.
In all respects this proposed bill
seems to be fair and just, not affecting
adversely the rights of the company
contemplated in the original bill, and
simply asserting and protecting the
people of the territory by placing proper
limits upon the time during which the
y. NJ. 81 z. company shall hold the re-
fusal of the liberal offer made in Lara
mic county. During the past two years
in which the original act has been in
force, nothing has been done toward
rendering any benefit therefrom to the
county, while at the same time it gave
the w. NJ. &c p. r. r., or in other
words the Union Pacific railway a val
liable power with which to bar out any
competition IN the proposed route.
But the undeveloped of
country are demanding communication
with tue commercial world; with capt.
tai, enterprise and investment; and if
it is not a paying investment for the U.
p. railway, this bill simply places the
field open upon equal terms to any
company, with a due respect to the
privileges offered the U. p. organiza-
tion, but which privileges it has not
thus far deemed worthy of using.
The bill is prominently fair, just and
equitable, and outside of technicalities,
there ban be no reason which can justi-
fly a failure in its generous support, save
a strictly personal one, which will
be appreciated by the people whose in
terests are affected as a matter of
course.
The provision in regard to the rate of
interest is warranted by the fiattering
condition of Laramie county finances;
and the bonds can be as easily float d
at 6 per cent. as at s per cent, ms
would find a ready market at even a
lower rate.
The bill in question was placed in the
printers hands last night, and will
probably be brought to its passage to-
day.