Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-07-09

Be From San Diego Northeast Into
Utah - subscriptions Are Asked - Will
Pass Through Rich Territory.
Subscriptions are asked To tho stock of
a new railroad which IL Is proposed to
build on an unusual and unique plan. It's
projectors arc not well known capitalists
anxious to increase their own wealth
through the development Of promising
but rs yet neglected region OF territory.
1t Is to be- an employees road, owned, built
and operated by members of tho various
railroad brotherhoods.
The road Is TO be known as the San Di-
ego Pacific and Eastern and Is to start at
tho bay front In the city Of San Diego,
Cal, running thence through tho city and
up the San Diego river In "a northeastorly
direction. Its further progress Is to be
through Mission valley and FL Cajou val
ley where nearly 200 carloads OF raisins
are raised each year, together with hun
dreds Of tons OF peaches, Hcunes, apricots,
pears, lemons, oranges, almonds and wal
nuts Thousands of tons of grain are also
raised every year in the valley. The line
then runs through Sycamore Canyon val
ley, the Santa Maria valley, the Ballena
valley, the Vale do San JOSE tho San
Felipe and tho Vallecitas.
1t Is claimed by the projectors Of this
road that all these are among the most
productive pieces Of country In the United
States. Leaving the valleys, the road Is to
run across the northern end Of the Mohave
desert and thence to tho line between Ne
yada and California and thence through
the southeast corner of Nevada till 1t
reaches immense mining regions In the
great coalflelds Of southern Utah. The
proposed intention Is to make 1t ultimate
ly transoontinental line.
It Is the method of fnanciering the road
that Is Its most remarkable feature. In
the first place, 1t Is claimed that tho land
bonus already secured from thoroughly re-
sponsible men along the route Is almost
equal to the cost Of grading the road. No
bonds are to be issued, SO that there may
be no possibility Of forcing it out Of the
ownership Of the men who own the stock.
The capital stock OF the company Is to be
81, 900, 900 In the first place, but this sum
Is to be increased as the work progresses.
The stock Is to be sold only at par, the
price Of each share being fixed at $40. Un-
der the deed Of Incorporation 1t is provided
that 500 is the highest number of shares
that any one Can hold. This provision
has been inserted to prevent any one per-
son or syndicate securing control Of the
property and diverting 1t from the original
plan Of the incorporatOrs. Provision Is
made for local lodges and divisions Of the
different brotherhoods subscribing for
stock, and 1t Is suggested that each lodge
and division should subscribe one share
for each Of its members. In this way, It
is pointed out, the control Of the stock
will be placed beyond the possibility Of
manipulation.
No man is to be employed on the road
except he be stockholder, and the direct
ors and officers are to be selected from
men in actual service on the road. The
road Is to be a practical demonstration Of
what labor can do in owning and running
q road in such way that strikes will be
impossible. It Is further pointed out that
the support Of all the railroad employees Is
not necessary to carry the project to success.
II one-fourth Of them contribute 90 cents
per month, the road can be built and oper-
ated successfully.
Reasons are given for choosing the loca-
ton selected. San Diego is the natural
gateway on the Pacific coast between the
United States and all tho Central and
South American countries and Asia as
well. This road, when completed, 1t is
claimed, Will be the most important rail-
road property in the United States and
one which is to shorten the run across the
continent by "a hours.
For the harbor Of San Diego it is claimed
that 1t has no superior in any part Of the
world and should command the shipping,
both export and import, between the Unit
cd States and all foreign countries tribu-
tary to the Pacific ocean.
The coad as explored shows a consider
ably reduced mileage to the east as COM
pared with existing transportation lines.
1t is south of the snow line and is suscepti-
Bio of far easier grades than those of any
other road. 1t will penetrate a territory
500 miles square now devoid Of adequate
railroad communications and rich in all
the elements necessary to prosperous
community, and through which rights of
way can be secured free of cost and sub
stantial subsidies obtained.
1t Is further claimed that the company
now holds franchises that in the near fu-
ture will be Of great value The earnings
of the road are to be distributed to the
stockholders in dividends. Only stock
subscriptions arc to be used for building.
There are to bc no clerks in the employ Of
the road Every officer Is to fill clerical
position and give his personal attention
to all the work. The road in short, Is to
free tho railroad man from the chains now
riveted to him.-Chicago Post.