Year: 1877

From Los Angeles Star.l

 We have heretofore published ru mors touching the Scott Huntington Railroad Compromise, and we here with present the synopsis of the bil now before Congress, and express tht belief that it will pass that body. ThC article is as telegraphed to the SaI Francisco Chronicle:

 When Tom Scott and Huntington stood at bay some two weeks ago tht Texas Pacific Railroad bill of last yea was reported to the House and was or dered printed. Your readers have been informed of its contents. It pro posed to give the Texas and Pacific Company the entire franchise. Scot soon ascertamed that he was utterly pOwerleSs as against Huntington. compromise was effected, and a new bill has been prepared, which is now in the hands of the Committee, subjec to amendment This bill will undOubt edly pass the House, and will, in al probability, become law. It will Dc seen that Stanford & Co. secure s large share, if not the lions share, oi the prize. A synopsis of the bill i. herewith transmitted:

 The Texas Pacific Railroad Company is authorized to complete its line oi right of way from Fort Worth, in Tar rant county, Texas, westerly to the Rio Grande near Fl Paso and thence west wardly 100 miles further to a point al which a junction shall be formed with the Southern Pacific of California. The Texas Pacific Company shall construct at least 100 miles within two years from the date of the acceptance of the provisions of the Act and fifty miles per annum thereafter, completing the road to the point of junction within six years. The Southern Pacific Rail road Company of California, is author. ized to construct line of railroad and telegraph from the Colorado river eastward on the line of the Texas Pacific Railroad, or on any more prac- cable route near the thirty-second par allel, until said road shall meet the Texas and Pacific road at the point of Junction 100 miles west of Fl PasO. For the purpose of securing the speedy con- struction of this road the Southern Pa .cific Company is granted the same right of way and the same land grants and all other rights and privileges which have heretofore been granted to the Texas and Pacific Railroad Company. The Southern Pacific Company shall construct a railroad and telegraph line from some point west of the San Cor gonio Pass to San Diego, and shall build thirty miles of said road per year, and complete the same to San Diego within three years.

 THE SOUTHERN PACIFIC COMPANY Shall complete its road from Indian Wells to and across the Colorado river and 100 miles east of said river within two years after the acceptance of this Act, and fifty miles yearly thereafter, and complete the road and telegraph line to the point of junction within six years. Each company shall have the right to run its trains over the road of the other company for reaching coal mines for fuel for its own use, but not for carrying freight No unjust dis criminatlon in fare or freight shall be made by either company against the other. The rates of fare and freight shall not exceed those of any other competitive Pacific railroad, and Con- gress shall have the right to regulate the rates of fare and freight under the general laws applicable alike to all railroads added by the Government, and may exercise supervision over the transportation of its own freight and for the protection of its liabilities un- der the guarantees of interest on bonds, etc. The Southern Pacific Company shall be

 ENTITLED TO ALL THE RIGHTS AND

 INTERESTS

 Of the Texas Pacific Company west of the point of junction, and the Texas and Pacific Company shall transfer to the Southern Pacific Company, imme- diately after the acceptance of this Act by the Southern Pacific Company, all it's right, title and interest in all lands and all other property in the city or harbor of San Diego, from whatever source derlved. Should the Southern Pacific Company fail to complete its road within six years the Texas and Pacific Company may proceed to con struct their road westward, and may complete said road to San Diego, by way of Fort Yuma, regaining thereby all its rights to lands, etc, in San Die go and elsewhere, except those lands which the Southern Pacific Company may have earned by constructing any portion of its road If the Texas Pa cific fails to build its road to the juno tion in the tune prescribed, the South ern Pacific Company may continue to build eastward until it meets the Texas Pacific road

 THE ATLANTIC AND PACIFIC RAILROAD

 COMPANY

 Is authorized to extend its road from Vinita, Indian Territory, southwardly SO as to intersect the Texas and Pacific