The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1895-07-18
Cs-opsrasivs naiireaaing.


What The cooperative idea, exploited
b. many laboring nsn, amounts to, will
soon bslsunnsdsb ~ she-world Of trsnspor-
tation. .in1&As prospsetivs San Diego,
Psci6c'd Eastern the idea Is being put to
fair and. Tor this. generation at least.
nnal teut.
Gsors6 W. vsosusn, - locomotive en-
sinssf and the president Of this interest
ing line, has furnishsd for publication q
prospectus Of the railroad for railroad
msn," which contains detailed informa-
ton regarding capitalization, issuance OF
stsek. construction, operation and general
eject on trsnscontinental railroading.
Only The principles Of the scheme are in
tssssting q this time, and these are
about what might be expected. No pay
mSuts.sTe to Be made until Ut least 100,-
600. shares have been subscribed, and
whsn. the stock subscriptions have reach
ID Athst number the subscribers shall
elect new board of directors through
the different brotherhoods. The scheme
and In justification are best learned from
the following excerpts from the prospec-
tus:
s'To discuss the plan Of building 9
trsuscontinentsl railroad by the usual
method Of issuing bonds. in this time of
financial depression, would be the height
Of financial madness; but q plan has
been devised by = few Of the most emf
nsnt- railroad men Of this section which
determines beyond doubt the possibility
Of carrying out such project as good
investment and . paying enterprise even
ct this day. LISA well known fact that
ell great enterprises of this country are
carried on with the aggregated savings Of
the masses.
"fhe originators and promoters Of the
San Diego, Pacific q Eastern Railroad
company, believing that the principles
involved in overstocking and overcapital-
ising 10 radically wrong, and believing
also that tho present depressed condition
In ~ industriai and financial world is in
. i0ssmsasure due to the application Of
this wrong principle, and believing furth-
sf that the railroad men and the nation
q large will 10 benefited by railroad
honestly built and honestly managed,
have formulated plan for building a
railroad for railroad men, and have de-
cided to make an appeal to those most
vitality interested.
"fhey decided to seek capital from the
people who are vitality interested in the
running OF railroads. and to make a
strong short to get the railroad men to
join together to build q road from the
bay of San Diego eastward; road to be
owned, controlled and operated by them
selves.
"Such . movement carried to success
wilibs's very long step toward the solu-
ton Of several very serious railroad prob.
lens. II will afford employment to q
host of railroad men now forced to be
idle. It will also afford safe investment
and one easily made under the plan that
follows. II will give the world lesson
In rsiiruading and show that when the
construction 10 honest, stock not watered
sndthe operation economical there is no
need of receivership."
The presumsble physical advantages
Of this line between San Diego harbor
and Salt Lake City are the following
Shortest line secured to Orient and Allan
tic statsC; heavy grades avoided south OF
snow line; development Of new coal and
other industries, etc.
Capital ID always ready to take hold Of
- sure thing." and 1t is safe to assume
that the greatest benefit to be derived
from this project will be q settlement Of
the cooperative theory IS applied to rail.
reading.