Los Angeles daily herald., 1889-03-22
n Ourht 10 be Forthcoming.

The recent visit to Los Angeles OF Mr..
H. M. Yerington, OF the Carson and Col
orado Railway, has excited great deal
of discussion amongst our business men.
This gentlemen was favorably impressed
with the desirability of extending his
road from Keller to Mojave. We learn
from a source of undoubted authority
that Mr.. Yerington was highly impressed
with the present and future Of this sec
ton. He has said publicly that if
$500, 900 of the stock of the company
were subscribed in Los Angeles the road
would be pushed to Mojave, from which
point both the Southern Pacific and the
Santa Fe roads would compete for the
freight from the Inyo country. We
learn, from the same authority to which
we have already referred, that Mr.. D. O.
Mills, one of the leading stockholders in
the Carson and Colorado, is fully i'm
pressed with the advantages of this ex-
tension. On the other hand, the
Messrs. Luning and Randall, OF
San Francisco, who are wrapt
up in the growth of that city,
to the exclusion of all other places,
are hostile to the extension. In view of
the immense benefits accruing to this
city from this project there ought to be
no difficulty in placing this block Of
$500 900. No subsidy is asked for, and
even subsidy would be a judicious
thing under the circumstances. The
Carson and Colorado has been one
of the best paying railway properties on
the American continent, and the sub
scription to its stock is privilege more
than anything else. The presumptions
are violent that anyone interested in the
venture would reap very handsome re-
turn on his money.
The trade OF Inyo county would be ex-
ceeding valuable to Los Angeles county
now, and this railroad would indefinitely
increase it. The people of Inyo county
seek this outlet. Mr.. Mulholland, in an
able and convincing speech before the
Chamber of Commerce, has shown that
this trade, which has heretofore gone
through a devious route to San
Francisco, already amounts to $780,
600 year. The impetus given
to mineral and other development, by
the short route TO Los Angeles, would
doubtless double and quadruple this
trade in a very short time, and swell it to
enormous proportions in decade.
Sixteen years ago the Southern Pacific
Railway, as a consideration for building
their line to Los Angeles, demanded a
subsidy cf fifteen per cent. on the county
valuation of Los Angeles, which then
only footed up So ,OO0, 1000. This amounted
to the enormous sum Of $750,000. After
a prolonged fight, and the submission of
the issue to vote of the people, the sum
demanded was accorded to them. 1t
was great sum TO ask and to give, and
many intelligent and well-meaning citi-
zens voted against the measure. They
regarded it as an outrage. 1t was really
the most sagacious thing our people ever
did. Largely as result of this intelli-
gent liberality, the assessments of Los
Angeles county have since run up
from five million dollars to over a
a hundred millions, or an increase of one
hundred and twenty-five Per cent. a year
for the whole period covered since the
subsidy. The voting of that subsidy was
the keynote to our prosperity-the open
sesame to our progress and wealth.
Here no subsidy is demanded. The
subscriber to these 100000 worth of
bonds is simply invited to participation
in the fortunes of one of the best paying
railways in the United States. 1t would
certainly look as if common sense and
public spirit both called for an energetic
response from our people. The extension
of the Carson and Colorado railway to a
connection with the two great transcon-
tinental lines already centering in our
city simply means enlarged and vivifed
trade and an indefinite development OF
the region which is now and always will
be tributary to Los Angeles in other
words, enlarged relations with the Sec
ton which God and Nature have marked
out as our legitimate "back country"