Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1882-02-07

EDITOR WoR,,n.

/. -" PcAulHg IN congress, and
~ your last issue published the memorial
protest to said bill, drawn up by a com.
mittee appointed for the purpose 81 :
meeting held here on the 1st inst avail
myself Of your courtesy in opening vour
columns, to discuss the merits of said M,
ana protest think there can be but one
opinion as to the public advantage of a
oeufocK hume in the main creeks Of Boise
county, if constructed and worked under
airanchise properly guarded. Will it in.
crease and facilitate mining operations,
give employment to labor Of all kinds.
bring in population, multiply consumers
OF our home products, increase the de-
mand for all kinds Of goods, wares, and
merchandise, bring into circulation stores
OF wealth now hidden and inaccessibles
tnen we have the elements of prosperity
that will again restore Boise county to its
OLD standing, and bring back the flush
times of '64.
Is the franchise asked for in this bill
such as we want-such as will produce
the results we desire? The protesters
deny that it is, and for the reasons assigned
IN their memorial-we will dispassion-
ately examine both.
| First, this franchise is granted to John
A. Post, ct ais, their heirs and assigns. It
certainly has to be granted to somebody,
If franchise is necessary at ALL But it is
said they are none of them worth more
than few thousand dollars some of them
irresponsible. Grant it, and what then?
Does it follow that they and their friends
are unable to organize a stock company
that can command the capital? How
much money could the original projectors
of the c. p. R. r. command when they be-
gan the construction of a grand transconti-
mental Il. R.? Are they men of honor and
integrity, and can they command the
means of men of wealth? They say they
can. l say let them try. If they succeed
they will merit their gain. If they do not,
then the professors can say 1--WE told you
So"
1t is claimed, seriously presume. that
it is currently believed, that they intend
to sell or lease this franchise to the six
Chinese companies of San Francisco"
Who believes this? Certainly neither
you nor l do, nor do any rejecting men in
this county. 1 am aware that many claim
owners work Cinnamon in Boise county
more or less, in one way or another They
| find it profitable, no doubt. Cinnamon
are quite willing to work good claims on
shares. but who ever dreamed that China
men could be induced, in mining, to I'm
dertake an outlay of several hundred thou
sand dollars before dollar could be real
lied in return, and that return uncertain
But "they have secretly conveyed, with
out pecuniary consideration, a large num-
Der of shares in said franchise" If they
obtain franchise and organize compa-
ny and issue shares, presume no one
will deny their right to do with those
shares what they please Now the amount
of the shares they have agreed to transfer
is two per cent. of all, to the persons who
hi d previously filed articles of incorpola
ton, and were III condition to ask Con-
gress to grant them franchise. These in
corporators asked the old ones to step out
of the way and in consideration thereof
gave, or promised to give them two per
cent. of their stock, in the event they
should ever issue any. Who is wronged
by this arrangement? Certainly none who
do not propose to invest IN the enterprise ::
And all the effect it could have with in
vestors would be to start shares in the
market at little lower figure.
1t is claimed that the two creeks named
in the bill (Moore's and Grimes) are 100
miles in length, and from 20 to 80 rods
wide. Grant it all, for sake of the argu-
ment, what then? Who of us does not
know that all the ground in each of these
creeks that can be made available for a
flume is comprised within ten miles on
each. II a flume company wish to exca-
vate and work these creek beds above and
below where individual miners have ever
found gold in paying quantities, who is to
be injureds The presumption is that the
managers of fiume company will be
wise enough to confine their operations