Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1883-06-19

of the stock, and declares that California
comprises about 100, 600, 900 acres; that
| 40. COG, 600 acres of this are adapted to the
| growth OF cereals that 20, 600, 900 acres
are suitable for fruits and grapes that fer
cattle ranges 1000, 900 OF acres more may
be used, and consigns to waste and water
surface 20, 900, 600 acres more. Now it is
well known that the gross yield of the
cereal production in California is about SIS
per acre, while the gross yield of the sane
| product in Illinois will not exceed SO per
acre. The entire acreage of Illinois is less
than 81, 900, 900 acres, of which 10, 900, 600
acres may be consigned to water surface
and irreclaimable land, leaving but 25,-
| 000 900 acres Of arabic land. The basis of
settlement and civilization in Illinois is the
agricultural pursuits of its people. The
%. 900, 600 acres of arabic land in Illinois
is supporting population OF over 8, 900, 900
of people. Now, by rule of proportion,
the question is, if 25 900, goo acres, yielding
a gross OF $40 per acre, will support 8, 000,-
900 OF people, how many millions may be
supported on 10000, 600 Of acres produe-
ing SIS per acre? The Chronicles arith-
metic man may answer this question while
we 60 on to say that it is now a well-ascer-
tainee fact that fruits and grapes yield
| gross product OF 500 per acre and we are
told that there are 20, 900, 900 acres in Cal
| ifornia that will yield this sum per acre.
If D. 600, 600 acres, yielding $40 per acre,
supports 5000, 900 of inhabitants, how
many millions of inhabitants may be sup
ported on 10000, 600 acres yielding 500
per acre. While, further, we are told there
are 20, 900, 600 acres of grazing land. In
California this land produces annually
gross of 81 per acre, or one fifth the an.
nual product of an acre devoted to cereals
IN Illinois. And SO we have third prob.
lem reading like this If $1,000, 600 of
acres producing annually so per acre sup
ports 5000, 900 OF people, how many peo-
pie could be supported on 10000, 900 acres
producing g per acre? We venture to
say that the answers to these problems
will aggregate % 100000 of people.
But to give emphasis to the rail.
way significance of these figures, the
Chronicle declares that if Illinois can sup.
port 5000 miles of railroad, California
with equal railway facilities could support
1000 miles, or six times the present mum.
Der of miles. Thus the world is notified
that, so far from the railroad business
having been overdohe in California, we
have just log per cent. of what is actually
needed. If what the Chronicle says of the
Central Pacific Railroad lands is true, then
the company could safely put On the mar.
ket about so, 600 600 Of land bonds, and
rely upon the testimony of the Chronicle
for the value of the security upon which
these bonds would be based. Unless the
Chronicle lied, or intended to lie, when it
ko1 = L. hor T.,
sixth of the miles Of railroad demanded by
our commerce, The securities of the Cen
trail Pacific ought to be az premium of
about 600 per cent. If the railroad COM
pany should issue more land bonds, CIR at
tempt to float more railroad bonds and the
Chronicle should attempt hereafter to dis
credit these securities, its recent editorial
would be about the best evidence of it's
general mendacity that could be produced.
To be entirely Just to the Chronicle, its
statements are made for the purpose of
discrediting Central Pacific securities.
When it says the railroad compsny has
SIS, 600, coo worth of land it simply lies
about it because it will ipiure that corpo.
ration and incite prejudice against it. If
the company should attempt TO float land
bonds for even s., 900 900, based upon
mortgages made upon the lands, the Ctron.
icle would declare that the land, constitat-
ing the basis upon which this proposed
loan was negotiated, was not worth half
the amount of the bonds proposed to be
issued. OF course it would lie in this
statement, just as it now lies about the
lands being worth SIS, 900, COO If four or
five more railroads were projected as branch
lines or feeders to the Central Pacific and
Southern Pacific systems, and the securi.
ties were offered upon the market, the
Chronicle would declare there were more
railroads in California than are needed, and
it would lie about it just as it now does
when it said the State could support l., 900
miles of railroad just as we'll as it is now
supporting 1900 miles,-[San Francisco
Spirit of the Times.