Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1885-12-03
Keep Out the Jobbery.
From the New York STAR


From the New York Start
When. III obedience TO the popular will.
the cities of New York and BROOKLYN
united 10 erect that wonderful and magnifi-
cent arch which spans the East river, it
was urged that the tolls collected would
suffice, or nearly so, to reimburse the sums
paid out as interest on the cost; but, after
few months Of trial, the attempt 10 do so
was, with general acquiescence, abandoned
Considered merely as an investment of
money for uSury. the enterprise was q fiat
failure; but on the broader ground of SUI
preme necessity and public utility, and in
view 81 the enhancement of property
values, II is triumphant success. The
same may be said OF the Pacific Railroad.
built in part by national aid; of the Cen
tennial or New Orleans Exposition of the
Erie Railway of the Hoosac Tunnel and
other similar works. Everybody realizes
that the Government, like many another
individual, town, county or State, has been
stuck in its railroad Investments Our
neighbor Canada, India Brazil, Mexico,
Guatemala and other, countries are in the
same fix or worse. 1t is way such ex-
penditures in works of internal improve
ment have of turning out to the first
owners, when considered solely from the
point of view of money gain. Yet it re-
mains true from the wider standpoint of
craftsmanship and public policy that these
ike hanking and tbat Tho ooa,,',,r;,,'
does coin immansaIv hy tho ontIa,, o.
of Tho HIST usec of con;+ai or nroSi+ 80.
moda b,. tba TTnitad Stotos ,l1,IasL 49, -
dollar in casb ho rot,,r,od 10 ~ 3roa,,,.,.
havond What 10 carved h.. sar,;oas 49,,
,yv6aD Tho ,;,,1o,1t Sr ~, - 80 -
the psc;6c us fret o,,tLnr;laJ b,, c.
gress.
Rnt tbo coso :, NOT ,,,;..,.o bod 90 WON.
no ;nfarro1 -, 80, III go
4bing NAV no rno,arod So tho
hasi6as ~ ,,sa r. :, - b,,1Ias h;
ness~1ia sasoc;t1, fndoad We o,o
anoneb 70 tI;i ,baf H. -, aIo,,,,t
aJvance5 NOV ba -ac,,'arod r-;.I, -
crate rate If interest," b,, SnraoS;,,, H.
mem eonoII,, S;strib1taf o,,ar q ta,,i, of
ar ar 49, a. 80 e'f
being Of l;ftfo consal,,anoe ~, 80 Go,
mcnt 80 hot tho IN l. oroU,ine, sO,aIla.
n,,er,, ,-ear II nav nrrdop7i,y he ovtnnJod
80; In intaract r. io,,, rota to 49,
r. tba AR is e,,er raY,a,d doiiar for III
II viii fnrnisb a now ord astonisbin,, 20
- i, ~ rat;orai nf -
Loaned b,, tho treasI'r,, for r,,hIin ;,,;,
movement be;ng ratnrpad in Mi u,i,b a
,rot;t wan "
Tho o,y,ers of tba pooif;, ,oiIr,,o, 10 vow.
,,,ans;bi, -, to,,1,4 IL. ~. 1is
-, aI,ti,,i 49,. 80 IN e,Ia. $3.50 10.
5la,.',s;,,Nd g., If ~ :.'I-t1i
.ir,e no tI,o a,,fIa,, elI 80
iar1,el,, i,,croased Nv, tlo acoaIoratod 80
I'll ;aS :. 80 lie 49,, ~
,.,-a,,,t,.4 i - - NJ
eloa ta, t,o Itfred slisr uIuy
.ai L. - eu "iie
t,o,i ,,as ~
,n;Iior NEUTRALITY-SUSPICIOUS., -, la e'e
tbird Of ~ fr,', I'm ~ d
bile H. ,lo;j 60 ,,'I
an5 S,'-i;a 20, ,I,,od ~. 'y.;.i
,,.;tb dttor -, IT., c,,,.,1,i "a,
- - aa i. Ds
,ac III IL - ~
counts fIr d.,,,a,,,a ,,,ro ~ "a
=, - 80 ~ a. ~"
trot1ic baIor,,, 80 - ,lss sc. ~ ,aN M
,nadS :, - ~ IT, T. .ile
Viii. r,,a,. GOV, ~, bl'rr,D,,,@d .. "a 10y.
Cot ,,,id -, !, - az AZ - pei
t.;i o'.a ~ y .iie MUS
- - 80 u, 'ioii7 .ie 'ilie
s,,cI, C,,.ar,,r,,,+ ~ "a
f,'it,. - ~ " am
-. ~ Soii PEI Mlt5
oSS 1'ilg, anu
III $50. ~. tiIe ~ % 'ne ''T:.ic
t,,iI f1:lo iiiie
,OSiou ~. tE 70 'lis a.
Oeiis ii1oil IL 10 al 'ne power vi
''U W. W le''. ..' (, ..
i nese 81 e t'ci tliieill Ie'lsoIis why some
- 'na! pe 10 me 1oniPa-
ny? III settIelileilt, especialiy ID one
', 'iion VS. no saelll.:c .! money put
"'e no. Jus'liiIdtioil loi III Ioi SlNeiiesS
~ cue ue'', ~, " ior oouilg' me naiioh
u ie OWE i ueoI OF SIau,uue 10 the Dulluers
ol tne IaS'nc hallfoad ACCOMPLISHMENTS
;, ud' hdS peer, siiu 10 the contrary. but
qua. .la' ceu no Dc ulseharged oy single resoiu-
M MN Vi congress ethoouylhS the sentiment.
me cnarter ior oulldlnS the road was
CONTRACT 20 be Kept by the Government and
~, ny tne 5llfoa1 companies up TO the very
Il'h!1 OF their aollity- 1hese railroad COM
P'iIles are really the thousands OF men and
women scattered all over the country who
nave invested their capital IN the bonds ana
stocks, many OF whom directly or indi-
rectIv, are dependent upon them for needed
incomes, and are by no means the grasping
ana powerful perSonages sometimes as
sumed IN heated debate.
Our concern, however, is not now with
The return OF money, nor with the senti-
mental considerations growing out of the
adventure. In the interest of good morals,
not less than IN the interest of fair-dealing
between the Government and its cocoon
eracting citizens, 1t Is important that some
peaceful composition of this Indebtedness
should De reached at an early day. This
must OF necessity be done outside of the
mars OF congress, because OF the endless