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Show TROUBLE EXPECTED ON T0N0PAH ROAD Criticisms are being leveled at the financing of the Tonopah Railroad company. The following- Is an extract from a long article In the Denver Post: The nigger In the wood pile Is an Issue Is-sue of $1,000,000 stock, of which $100,000 Is given to the original owners of the charter. This Issue of stock Is all right, too, as the fixed charges on the bonds must be met In preference, but the balance bal-ance of $900,000 stock has been put Into the treasury of the Tonopah Gold and Silver Mining company, which action necessarily places the mining company In the position of a guarantor of tho principal and Interest on the bonds, in fact becomes the real owner of the road, and plana to make rates, if not interfered with by the State authorities, authori-ties, high enough to pay a stiff dividend. divi-dend. "Where they will fall down, according to the story, Is In the fact that tho State of Nevada will not stand for any discretionary rates, and thereforo the mining company, which owns the road, will be compelled tt pay the Bame rates as outsiders. "Thus they will be taking tak-ing money out of one pocket and putting put-ting it Into another." Even If the laws of Nevada prohibit discretionary rates, and even If the rebate re-bate system should be prevented, It will not be very long before the mining company finds some way of circumventing circum-venting both laws and fixing the rates exactly to suit themselves. it goes without saying that that company's mines will have tho best facilities In every way and what Is to prevent them getting back more than half of what they pay out for rates, In charging tho railroads what rate they please for swltchlnc chancefi? |