The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1897-11-27
The Central Pacific Debt.

The Government having disposed of
the main line of the Union Pacific Rail
road from Ogden TO Omaha is now pre-
paring it's case against the Central
Pacific Railroad from Ogden to Sacra-
mento. IN anticipation of the default in
The payment of obligations due Janu-
airy /. 1898. An Approximately correct
statement of the Governments account
with the Central Pacific, should n sell
clement be made on Jan. 1st, is said to
be as follows:
Bonds redeemed by the Government,
B6.074. 600: bonds maturing January J.,
1898. so. GA, 10: interest paid by the
Government. S44. $40, go: interest due
January /. 1898, 1854, 1913; bonds matnr-
mo January /. 1899. 50, 1917, 600; total
debt, $71, 1868.
The credits given the company by the
Government are; by transportation,
S. 57, 500; by cash repaid, 1868. 1872; by
unpaid jud gements and claims against
the United States, 50, 473, 306; by cashin
she sinking fund. 81 03, $50; making
the total credits, SIS, 1872, OF, which
leaves the net Indebtedness OF the road
20 the Government. $50, 800, 7l6.
1t IS quite probable that this indeb:-
edness viii be settled on the basis estah-
lished by the Union Pacific, that is tine
company will pay the debt and be re-
leased from all obligations to the Gov
eminent. The payment of the debt in
full is a matter of secondary Importance
to the people of Nevada. What con-
Germs this State most is the equalization
of transportation rates from the East
and West. Under present regulations,
n carload of freight from points east OF
the Missouri river costs very nearly
three times as much to Elko, Winnie
mucca or Reno as it would to have it
taken over the Sierra Nevada to Sac
ramento or San Francisco. That this
discrimination is manifestly unjust to
Nevada will not be disputed. 1t cannot
be justified upon any hypothesis except
that might makes right, yet is sane
toned by law. The fourth section of
the Interstate Commerce Act prohibit
ed such discrimination, but that section
has been suspended, and is a dead letter
on the statute books, and most likely
viii remain so as long as the Hanna
Republicans and Mckinley Democrats
control Congress and direct the Ship of
State.-Reno Journal.
Yes. friend journal, the people of
this state are laboring under a grave
injustice and no section feels it more
than ours where, in addition to the
heavy railroad freight, we must pay
wagon freight too. But the evil seems
to us to be too deeply seated to be e
come by political remedies. 1t is i'm
possible for Mckinley, Bryan, Congress
or any other representatives of the
people to dictate to a railroad what 1t
shall charge for its services. The re-
dCtloAOA Vi III OhlgCu ouduOb cu-
preme Court to the effect that where
competition exists, railroads may legal
ly charge less for a long than for a
short haul, not only makes the Inter-
State Commerce Act a dead letter, but
nofoundation for a similar act to
stand upon. Competition is not only
I - - II.
ton OF the public against corporate
A new railroad is what We need
md must have before we can get JUS
ice from the Central Pacific. We
should require from u representatives
hat every consistent inducement be
offered and encouragement given to
to invest in railroad building in
Nevada.