The herald., 1894-12-30

THE people Of this state are olamor-
ing loudly for . solution of the railroad
problem. The people OF Southern Cali-
fornis are demanding closer commercial
relations with Fresno and Tulare and
the middle counties, and the people Of
the latter SEQ ton are demanding . dis
tributing point for their produce at the
place most adapted for that work-Los
Angeles.
How can ali these problems be an
ewersd? Private capital is wary these
days. San Francisco knows that to her
sorrow. The whole people must act to.
gsther for mutual benefit. in this matter.
We must have state railroad. operated
and controlled by and for the whole
people; one whose motto shall not be
all the traffic will bear but all the
good it can do for the development and
advancement of the entire state. That
is the only rational and laating solution
to the problem" s
Senator Mathews is man who en-
Joys confidence in his own convictions.
He may be depended upon to exert his
best efforts for the furtherance Of this
great and all.important issue.
The full text Of the proposed measure
ia as follows:
SENATE CONSTITUTIONAL AMENDMENT
Resolution to Propose to the People Of the State
of California an Amendment to Article XVI
ofthe State Constitution, Relating to State In
dcbtedness.
Resolved by the senate, the assembly concur
ring: That the legislature Of the state OF Cal
ifornia, at its regular session commencing on
the - day of January 1895, two.thirds OF the
members elected to each of the houses voting
lin favor thereof. hereby propose that Article
XVI of the Constitution of the State of Califor-
MIA be amended to read as follows:
ARTICLE XVI.
STATE INDEBTEDNESS.
SECTION l. The legislature shall not. in any
manner, create any debt or debts, liability or
~oo-~
gate with any previous debts or liabilities, ex-
ceed the sum of 5000 600, except in case of
war to repel an invasion or to suppress insur-
rection, and except as provided in Section OF
this Article, unless the same shall be author
lied by law for some single object or work to
be distinctly specified therein, which law shall
provide ways and means exclusive of loans.
for the payment Of theInterest of such debt or
liability as it falls due, and also to pay and
discharge the principal of such debt or liza
bility within 40 years of the time of the con-
tracing thereof, and shall be irrepealable un-
til the principal and interest thereon shall be
paid and discharged; but no such law shall
take effect until, at general election, it shall
have been submitted to the people and shall
have received majority of all the votes cast
for and against it at such election; and all
moneys raised by authority os such law shall
be applied only to the specific object therein
stated, or to the payment of the debt thereby
ere ated, and such law shall be published in at
least one newspaper in each county, or city
and county, If one be published therein,
throughout the state, for three months next
preceding the election at which 1t is SUBJ
mitted to the people The legislature may, at
any time after the approval of such law by the
people, If no debt shall have been contracted
in pursuance thereof, repeal the same.
SECTION 2. The legislature may provide by
law for the construction, equipment and ope-
ration by the state of such railroadsas 1t may
deem to be required by the general interests
of the state, and for that purpose may incur
such indebtedness as may be necessary, and
may issue bonds in such amounts, and payable
at such time as it may think proper. and bear
ing interest at rate not to exceed three t3)
J per cent per annum. Said bonds not to be
sold for less than their face value.