The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-06-28

been so ben eficial to the interior portion
of the State, the great producing portion.
The growers of fruit, wheat and other
products would have been compelled under
the present condition of affairs to have
paid higher freight rates before they were
able to reach the home road.
1.-THE Stockton and Bakersfield road is
designed to be of especial benefit to the
peonle of the interior, and 1 have every
reasonuo believe that we will be success
full in securing its construction. The peo-
pie need it and the time is ripe for secur-
ing their assistance.
Every year the people Of the State are
more and more impressed with the disad-
vantages under which they labor with
reference to transportation. Under the
present freight tariff of the Southern
Pacific the value of the product of their
orchards and grain fields is absorbed in
paying transportation charges if they seek
foreign markets.
''Do think the road will be built?
Without any doubt Every day l receive
letters from prominent men in the counties
in which the road will be laid, and others
are constantly calling upon me for the
purpose of discussing the enterprise that
is calculated to do so much for them. They
write me that they only await the word TO
call mass-meetlngs and secure subscrip-
tons for the capital stock.
MANY have stated that they are land
poor and can not give cash but they are
willing to contribute acres of land in ex-
change for the capital stock of the new
company. Others have offered to do a
certain amount of grading for which they
will n ho no sof a6 in of
This is just what the company desires. We
want the people for whom the road is built
to own and operate il.
I'VE do not propose tissue bonds to a
large extent. preferring to issue only a
sufficient amount with the capital stock to
build and equip the road. The evil of
bonding we see very plainly in the South
ern Pacific Company. The road is not to
be built for the personal gain of a syndi-
cate Of men. but for the good of those who
are residents and producers of the terri
tory adjacent to it.
II am confident that the new road will
yield itsstOckholders a handsome interest
upon their investment. While l do not de-
sire to say a word that will injure the
proposed midwinter fair, | believe that if
the money necessary for that enterprise
was invested in the new railroad a less
amount would be required to be expended
and the benefit to the people of the State
would be much greater. Every dollar ex
pended in building the railroad will go to
pay the aborers of the State. Every dol
lar for material used in its construction
will be paid to citizens OF California, and
in addition to this there will be thousands
of dollars accrue to our producers by rea
son of the new market afforded them or
account of lower transportation rates.
"a railroad constructed in the San J1a.
Quin Valley, where there has been suct
wonderful DEVELOPMENT during the las
few years, can rely. with almost absolute
certainty each year upon traffic where irr
CATION is practicable. and with almost IN
erring certainty upon sufficiency of mois
ture in the foothil country of the Sierra
Nevada range, to produce crop.
81 understand that during the five year!
between 1856 and 1891 the traffic of thu
Southern Pacific in that valley increased
fully five fold. Under the stimulating
effects of broad and liberal policy mucl
greater results must DE expected.
''In the six counties Of San Joaquin
Stanislaua, MERGED, Fresno, TuIare ant
Kern we find an abundance Of all kinds o
products which to-day are kept at HON,
because of the arbitrary rates and dis
criminative methods now in vogue.
''If the new road be operated, as 1t will
be. upon policy which seeks for prof
for the road in the prosperity of the com
muuity, rather than upon the basis of im
posing burden of all the traffic will bear
the yield of the valley will be materially
increased.
There is probably no like area of terri
tory in the United States which will yielt
so large and SO profitable traffic for
railroad. 1t has capacity for sustaining
population OF at leas: a million people
i and yet, according to the latest census, !
! has only few over hundred thousand
There is no other portion of our Who'll
country so prolific in resources for larg
and profitable local traffir.
Every mile of the road will be produc
tive of profit. and we will not have to TO