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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 6, 1884)
IViAHA DAILY BEE WEDNESDAY , AUGUST 6 CAPITAL PRIZE $75,000 M/Tlcketa / only $5. Shares In ProyortlonTs * lonlsiana State Loiter ? com , ttrtifv * af IM tvpentts tat ranaementt far all thr Monthly anil Seml-Annua. Dravingt cf the Louisiana State Lottrry Company and tnftnon tnanagt and control tht Drautnyi tHtmrtlwtandtkattMtamt art eondueled te < tl ) unatt//arnet .and in goodfuUh toward all piw lift , and wi authorise the company to un thit ter titeatt , uith/at-timiltt of evr tignnturu allat\tt in M advtrtuementt. " Comnmofn * Incorporated In 1863 far IS ftun bjr the legblAlan f tt dnntloaftl and oharlUbl * purpotw with cop Ikal oft 1,000,000 , to which * recent rand ot OTCI IJM.OOO tiM rinco b * n ftdded. Dy n ovcnrhdmlnfc popuUr vet Ita < " * . WM miula part ot lb rrwcnt lUtt conttltnUoo 6opt d December id. A. D. 1S78. The only Lottery over voted on and en doraed by the people of any State. It DOTCT mica or portpones. Its grand single number drawings takt place monthly. A splendid opportunity to win n Fortnno Eighth Grand brnwlntf Gloss H , In the Acad- amr of Music , New Orlontw , Tuesday , Aug. 12lL , 1884 ITlut Monthly drnwlng. CAPITAL PRIZE , $75,000. 100,000 Tickets nt FIve Dollars Koch , Frw tlonfl. in Fifths in proportion. UST OK PUIZK3. 1 CAPITAL PIIIZB . . . . . . . r ,00l 1 do do . > ,00t 1 do do . 10,001 s PHIZES or toooo 6 do 000 . 10OOC JO do 1000 . IO.OOC SO do MO . 10,00t 100 do 00 . 20.00C BOO do 100 . EO.OOC COO iV ) N . 000 1000 do t . U.OOO AtTUOIIMATION r IIl3. D Approximation ptl a ol 7M > . 8.T5C 0 do do 600 . i.60C B do do 1M . , C 15 rrtwj , AmoantlnK to Application for nt to dabs should bo nude onlj 4o th offioo ot ths Company In New Orleans. For further Information writ * clearly Riving fan ddrow. Make P. O. iron jr Order * payable uit ftddros * Bcglgtend Letter ) to tISW ORLEANS NATIONAL BANK , New Orleans , La. foetal Kotoa and ordinary letteri by Mall or Kx pron ( all mm * of ti and upwanU by ExproM at oui .xpnato ) A.DADrniN , or it. A. DAUPHIN. Now Orleans La. 097 Seventh 8k , Wash ngton. D. 0. rrecia HAS NO UPERIOR. The Steck is a Durable Piano , THE BTBOK IIAS SINGING QUALITY OP TONE FOUND NO OTHER PIANO. SOLD NLY BY WOODBRIDGE BROS , , OMA1IA NEH. DOCTOR IATHITTSER 017 St. CharlcB St. , St. Louis , Ho. A n * uir crn1u U > cf lo Me < lltkl Collrcvi , hn liven longer co/riedlnUe ; i cUUrxftifnrilor C mo NIC , NntotrM.Hicm dud Jttx B t > iiiAiu4b ji nor ollitr Diftldaala gt. Lo U , M rltjr f > tprr v * w nd all old | fldent k&cw. Nervous Prostration , Debility , Mental nnd Physical Weakness ; Mercurial and other Adec * tlons of Throat , Skin or Cones , DIood Poisoning , Old Sores and Ulcers , ira trraU-d with unpinllclod urrr ioa Ut t iftrnUUo prloclpUi. tf Vlfrrl * tlf. Diseases Arising from Indiscretion , Excess * Exposure or Indulgence * * Mch i-roducc * > m of th Jot to wi of tflitUi crrtomtitii , dtbllltr , dlinneii of * Uhl md dtfvcth * memory , i Iraplri on tbo Ure. } h ilctl docaft ftterilontvtba toclcty or lcmiUrconfuij B of tdrutcta , rendering Mnrrinco Improper or unhippy. an iwrmaotBtfjreurrd. l'iuphlrtSH ( | * ( tcentb t ) > oYc ( eut Inieil < 4 rniclepo , frr to araddmi * . Comuttatloa fttol * flea or binall frt-e , md I ntli 4. U rile for qutultoni. A Positive Written Guarantee irfvi * In all eurtle etm * . U < < dlrloci ncnl ovrryvhcn. raraphlrtt. EnptUU or Ooriuan. C4 pace * , d * . crlbloff above dlteatoB ) in snalo or foramlo , J11EK. RflARRBAGE GUIDE ! WOr M , Bner > > < m > lllaitrattd In tlolh nj illlllnillnr , C > 0eiuunejr rxwuc t kKDJ0.t > l > f co\in , X5 . TtiU l > ok couUlai frit the curtetu , doubtful vr luauUlllre wuil U know , A took ( ( nut | DH" I ( a ill , JlciJti , llwaur , tn Kvuttoi If 1U 4 lco. UirUca on Uorllcltt "i'ood. " nrlto hundreds of iuuU.ful mothorn. Mother's milk roiiwlna no narch. An artlflcUl food for JnfaiiU Klimild tcmUln KO HUrou. Tuo Ut and rntt uutrlUoua food In lioaJUl B B _ g _ ? or dlclmma lor i Urcli uud ri mln no oookluir. llxoinurndwl IY 1'liJflilnnB. 1 Hlirtily U-lit. lld l to Vnmlnir 1 Mntliira UN ad Iriuk , I'rtno 40 BonoTorlJooirDii Uio'f nitineni of Uuiiiirc'n.'VrcS "Fiillr 4lR > ud u 1 uullUloiii. " O.W , Bjulti , V.O.k'UititH.N.J. , , , "VJo4 It all IbUDOuli t * flwlrtd. " ir , IT. JUtdt Slllfm , KtMft. "No hMlt-oty la pr tiouoclcf tt ur nor to any * thlni eit..l.-K. a. tUum , * . O , Trn. H. r , Will bn nt l > r malt on rprali't of tirtro In atampi. IIOUMUK'H V001) CO. , ItnrlnrVU. . i Uonuea'g Dar KXTU/LCT or HAMBUEQ-AMEEIOAN DIRECT LIKE FOll KNQtAKD , flUNOti AND OKIUIAKY. Ilia itcnublM ol till well-known line are built o Iron , In vraUr-ilght oomjrtm nt , anJ re lurnlih ed with ererjr requinte ( o mike the jmutgt bet ue and agreeable. Thov carry the UolteU Htatc ftnd Europ n inilU , and l n Now York * Thiin- dij-mnd Bitundayg for llymouth ( LONDON ) Cher txiunr , ( I'AItlH ) and U AH1IUJIO , Itttci : Flnt Cabin , ( V , ( OS and 176. Steerage , $20 Uenry Pundt , Mark HXOMD. r .U. Uonrof.U. Toll Xentaln Omaha , Oronetrlctr&Bchotnteon.agvnUI Council lilnff * . a B : UIGUAK ! ) ft CO. , Oen. I'a Agfa. , 01 llroadvar , N. Y. Cba * . KoinUukl & Co ( ItnerU WwUin A > nU , 107 Waahlngtoo HU. Ooloa ( fO.IU. JEFFERSOH PARR DlillG HALL MUS. J. SCnOLLKK , Proprietor. Day Board $4,00 Per Week , Kvtirtlilngnewandflnt-clui Joe cream and L m ouade A Bjclilty. Oodee D nt . aud a nice Cct dUU ecrvtd at al , houi . 01 North SUteentU 8tre t , Omaha. Neb JamssHdioal Instill Chartered by tlieStateodli ; ! nola for thccxpicaapurnohc of clvine Immediate rellellii all clironlc.tJriniryondpri vutc ditcctci , Oonorrhtco Gleet andbyphilli in ull their complicated forrnfc , also al dUcatei of the Skin am Ulood promptly relieved n < permancntlycured by reme iliei.Uotcdln at'urli/l'enrt , . Hj'CflalJ'rartlte , Scmlna ht Loisenby Drcami , Pimple * on iinti'fl > rrlini-iui > i < l , Ths npprc ) cUte it.r. ' 6) ) I j fct once u'-crt In each catc. Con ultation , per- ' wmal or by Utter , sacredly confidential , tied , f I ITJUCI Bent by Mill and Exprcci. Nomarki on fjuxuitc to indicate content * or tender. Adaresi , I in. JAMES.NO. 204Wajhlnulon GL. [ . -S ' I iii i nm , nrtuwciio'ii ' i THE UNION PACIFIC , History of the Swindle from Its Incep tion DOWfl , Cheated the Country Out of 44 Millions in the Gonotructioni Issued 47 Millions of Illegal In debtedness and Pookotod the Money , Defied the Thurman Act , Paying the Government Nothing and Dividing 19 Mil lions Contrary to Law , finally ) Brought to Terms by Fear , Fired Dillon Out and Elected Adams , A. HnpprcBscil Scnnto llciuirt Tlio Iloitbo 1)111 In tlio Boiinte. "rom llio New York Ti ( Conclusion , ) Ai long ago as the 2d of February , 883 , the cnmmusionor of railroads ad- rosacd Secretary Teller , calling his at- ontlon to the largo unauttlod indebted- icua of the Union Pacific on account ( if ho Thurman act , which Duo. 31 , 1881 , lad reached 8901,8. ' 7 , and Dec , 31,1882 * 1,727,742. Ho admitted that the corn- any claimed that it was leas , because ho company counted as operating px- oiiBca money spent for now construction nd now equipment , though the Thur- nan act provides that operating expenses tioll consist solely of "tho necessary ex- onsos actually paid within the year in porating the eamo [ road ] and keeping io same in a state ot repair. " But oven oducting the claim of the oad , so manifestly contrary to law , ho ound that it was still delinquent in the urn of $1,030,824. Commissioner Armstrong recommend- d that the Attorney-General bo directed o bring suit for recovering the inonoy uo , and also have his attention called a the law , which urovides that if the oad should for six months after they wore duo neglect to cxccutaany of thu > revisions ot the provisions of the Thur- nan act , "such failures shall operate na a forfeiture of all the rights , privileges , ; rants , and franchises derived from the United States , and it shall bo the duty if the Attorney General of the United States to cause ouch forfeiture to bo ju- llcially enforced. " Hero was a ( Incisive flicial stop , calling to the attention of Secretary Toiler the neglect of the At- ornoy-Genoral to obey the law and pro ceed against the company for a forfeiture if its franchiso. The report was forwarded to Mr. } rowstcr tlio same day. April 21 a copy was sent to President Sidney D lion by Secretary Teller and a demand for pay- nont made. After quoting the section of the Thurman act which proscribes Ono and imprisonment for the directors if ; hey paid any dividends without making ihoso aettlomonts , Secretary Teller "sug gested" that the undisputed $1,030,82 ! ) o handed over at once , oven if the rest yore withhold on any excuse. May 1 Ur. Dillon found tinio to answer this de mand. Ho paid no attention to the law relative to the obligatory payment of 25 > or cent , of the not earnings , but calmly wont into a little calculation to show , hat by his figures the government owed ho road for postal service some S-I.G50- 127 and has boon paid but $1,011,138 , caving a balance claimed to bo duo of § 2,738,83 ! ) . Concluding that the gov- irnmout , then , was the heaviest debtor , 10 wound up with gentle simplicity : "It seems hnrdly reasonable to require the company to pay the balance thus claimed by you until the questions in controversy can ba judicially uotilod. " Inasmuch as the system of " balances" was not alluded to in the law , nnd there could bo no "controversy" about the company's obligation to pay what was demanded , this reply was almost menu mental. May 11 the papers were sent to the at torney general by Secretary Teller , recit ing the facts and recommending that the proper judicial proceeding bo entered upon. At about the eamo time Mr. Dil lon arrived hero and had uoveral inter- viuwa with the attorney-general. Both scorned satisfuid witn them , and Mr. Dil- on wont back to Now York. Mr. Brow- st r put into the court on account in 'sot-uir" ' of the amount duo the United States against the "claim" of the road. Uo did nothing looking to the indictment of the directors of thu road nor the for- 'etturo of its franchise , which under the circumstances presented to him by Score- : ary Teller the law expressly says ho ' shall" do The "sot-oil" - did not trou ble Mr. Dillon. Ho know that it wouU bo several years before the case could bo settled. Nearly n year after , when Mr. Brow tor was asknd by the senate what action ho had taken to enforce the Thurman act ho briefly referred to those facto , and added as n reason for bis failure to comply - ply ; wlthgthoJllow , "Tho CMC hns not seemed to mo to require in ita present stages strict enforcement of the act o' May 7,1878 , | Thurman act ! nnd I have taken no stops to enforce the forfeiture proscribed for failure to comply with the act. " His only oxeuso was that ho had not thought the law concuruing himsell required to bo executed , V. The pretext given by the company for not complying with the Thurmsn act has boon based on a claim for extra compen sation for carrying the mails and for transportation over the amount allowed by the government. The suit has boon going on without appreciable results since January 1 , 188. The company thinks it should have over $3,000,000 thus paid to it , and on this refusud to pay the demands of tha Thurman act , ex. pliclt as they were. This excuse sufficed until men really in earnest took hold.ani then the quicknons with which this do- fcnoo was abandoned showed how unten able it was. Nothing otherwise would have prevented the company from al * way * having a claim ngsixst the government - ment and an obliging attorney-general from making the sinking fund require ments only an offset to it. VI , Early in the aoealon Edmunds iutro. ducod the bill granting the Union and Central Pacific sixty years' extension In which to pay their debt to the govern- VniMifc in 120 Bomi-aunual installments , which the commissioner of railroads had prepared. Tnii opened up the entire eubjuct. It was referred to the judiciaiy committee , consisting oi Mewre. Ed munds. McMilltn , Logan , Ingalls , Hoar , Bayard , Laniar , Garland and PuRri. This was Jan. 21. Very soon the commiltco went to work , first obtaining from the interior department and the attorney general's ofllco , long statements of the stops taken by them to have enforced the Thurman act. About the last of February the commilfo under the lead of Messrs Edmunds and Garland came to ono or two conclusions. The first won hat the Central Pacific had fairly tried to live up to the law , but that in every respect the Union Pacific managers had fct it nt nattfjht and indicated a com plete and must nssurcd indifference to the law. Mr. Edmund was full of the subject , and the committee directed him to write a report. Ho did so but it has never reached the senate nor the public. That paper was submitted by him to the committee. Some of ita members do- murrrod , but his logic was so unanswer able that finally all of them gave their assent. But so secret had boon their deliberations liberations that none outside of the com' mittco understood fully what was in the wind. wind.Mr. . Edmundo' report was not a long ono , but it reached conclusions thit possessed a personal interest for some well-known financiers. Beginning with a review of the government aid to the Union Pacific road , it went on to discuss the need , constitutionality nnd provis ions of the Thurman net. These plain provisions are recited , admitting of no equivocation or double meaning. That nut ono cent had boon paid into the treasury under its 25 per cent provision ainco July 1 , 1878 , was brousht out , wliilo during the same time over § 19,000- 000 has boon divided in dividends. And thia with section 0 of the Thurman act , providing that "no dividend shall bo /otcd , mido or paid for or to nny stock- ioldcr when the company shall bo in default in respect to the payment of the sums required as aforesaid to bo paid into eaid sinking fund. " This wholesale de- lance of law the report characterized na without parallel. Taking up the com pany's plea , na made by President Dillon , , hat the road ought not to bo made to my until the determination of ita suit for transportation , Mr. Edmunds indicated lia opinion of that in exceedingly strong terms. Ho showed that the law was nandntory , and no matter what disputed claim against the government the com- ) any might have , it was not thereby re- eased from it * plain obligation. Or , supposing it had withhold the money lending u settlement , it must retain it as 1 trust fund until decided by the court * .Imt it had already been paid in another 'orm. Instead ot that , the directors , .hough expressly prohibited from doing oo , had divided these funds in dividends through a term of years , until , if they nhoula bo defeated in their claims for transportation , these sinking funds could not bo replaced and the entire scheme of if the Thur man net fall to the ground. In fine , the directors have taken into their own heads to offer the sinking fund a claim whore the law demanded cash , nnd the law officers of the government iad allowed it to 450 on. The report closed with a resolution : alling the president's attention to those facts and asking to order the attorney general to proceed to have executed the lennltiesproscribed against the Union Pacific directors for illegally declaring these dividends viz : "Any officer who shall vote , declare , make or pay , and any stockholder who shall receive nny such dividend , shall ba liable to the United States for the amount thereof , which when recovered , shall bo paid into the sinking fund. And every such offi cer , person or stockholder who shall knowingly vote , declare , or pay such dividend shall be doomed guilty of a mis demeanor , and on conviction thereof shall bo punished by a fine not exceeding - ing $10,000 and imprisonment not ex ceeding ono year. That was the resolu tion of the senate judiciary committee , nnd had it over reached the senate that body would have adopted it. Could those directors have refunded to the sink ing fund the nineteen millions thus di vided , to say nothing of the part of the penalty in Italics ] These directors last year were Sidney Dillon , Divid Dews , Jay Gould , Russell Sago and A. II. Green of Now York ; Fred L. Ames , Eli- sha Atkins , Ezra H. Baker , F. G. Dux- tor , and Charles Fransis Adams , of Bos ton ; J. A. Kumrill , of Sprngflold , Mais ; Hugh lltddlo , of Chicago , S. II. II Olark , of Omaha ; John Sharp , of Salt Lake City , and Greiivillo M. Dodge of Council Bluffr , These names ought to bo good for the $19,000,000. VII. Mr. Enmunds had this boombsholl ready nnd approved by the committee thi ) first week in May. Ho felt satisfied with his work , nnd looked forward with comfort to the. fact that justice was about to bn invoked for the Jay Gould party , which had so long defied the Thurnmii act. In the secret councils of the com mittee the question was discusiod of sending to thu House a statement of the attorney general's delinquency in not proceeding against the Union Paciffu di rectors. Ho had sot up the 25 pur cent , duo under the Thurman act as n "sot off" to the nlaim for transportation mndo by the road , but this did not seem ade quate. The committee considered wheth er ho had not neglected his official duties in not preventing dividends from being illegally paid before the sinking-fund re quirements were mot. Nothing came of it , but Attorney General Browser prob ably little realized how near ho was to being made the subject of an Inquiry , lioavititj that , Mr. Edmunds intruded ' his report nnd resolution to Senator Hoar , who did last session many of the duties on the floor of the chairman of tlio jltdiciary committee. The Massachusetts spnator was to bring it into the Senate , and the date was fixed nt May Oth. VIII. These proceedings , however quietly conducted , were being watched by the Union Pacific people. They know of ovoiy call for information from the de partments nnd nil that took place in the attorney-general's jfllco. More than that , they had a general idea of what Mr. Edmunds was doing within the closed walls of the committee-room. Men arc not kept in Washington for the pur pose of finding out what is going on for nothing. On the very morning that Mr. Floar was to make his report Charles Francis Adams , Jr. , arrived in Washing ton , and speedily put in an appearance ( A the senate. Ho mod.to bo a govern- in jnt-director , but in 1882 had succeeded to the same place in the corporation soon after ho had made his memorable visit over the Union Pacific , and recom mended its stock to the people of Now England as a conservative and safe in vestment , on which assurance many folks of moderate moans in that section had so invested their savings. Mr. Adams lost no tlmo. Ho aw Mr , Edmunds , Mr. Hoar , Mr. Innalls , nnd others. Out of respect to his urgent appeals the submission of the report was deferred until tlio following day , What Mr. Adams did in that twenty-four hours no ono knows so well ns himself. It probably was the hardest d y's work that he cvu did for thu road. No con- cealmont was made to him that the com mitlco had resolved to net and that the result would bo extremely unpleasant to the directors in several ways. Mr. Adams protested. Ho said that ho had always been told that everything was all right , nnd for himself ho was perfectly guiltless of any intent to violate the law by voting for dividends. As n now director he had very little to do with the management. His personal nppcnl Was a very strong one. Ho represented how unenviable a position ho would occupy , having given his endorsement to the manigors nnd the stock , if the road should bo brought to terms. Ho declared that each action ns Mr. Eimunda contemplated would de stroy the entire value of the ttock , create a panic , completely discredit Jay Gould , and bring to ruin many excellent nnd worthy men who innocently hod pur chased the company's securities. This latter suggestion had some weight , and the storm-clouds of the approaching crash in Wall street gave force to his apprehension of the financial effect. Mr. Adams was hardly nblo to realize the edge upon which ho and the others stood , but the committee's report made it clear to him that over since the passage of the Thurman net the directors had boon defying the law , nnd it only needed men who , like Mr. Edmunds , had no fear of Jay Gould to topple over the whole fabric with a sin gle push. Mr. Adams insisted upon n stay of proceedings until the company could bo heard. Ho thought something could bo done , nnd that n compromiao could to arranged. As a result of his urgent entreaties further action was sus pended. and May 20 sot down as the data on which the company could make its statement. ' The interval was indu < tr'oualy profited by the Gould party. They saw that bar ren "sot-ofTd would not do with the men now after thorn. They resolved by almost any moans to delay , if they could not defeat , thia movement to protect the government. In the meantime the Wall street crash gave them a handle upon which to hang and appeal for time. May 20 Mr. Dillon's argument was submitted to the committee. Among the objec tion rnado to nny action wns that Attor ney General Browstor had agreed that the Thurman act should bo treated as n nullity , nt least until the endless suits in the court of claims were diapoaed of. The committee was in no mood to bo put off by Mr. Thurman's arrangements. Then the plea that no wrong had boon intended by the innocent railroad man agers , and the potent ono that the enforce ment of the law would provoke a panic and probably throw the Union Pacific in to the hands of the government , were presented. The committee hesitated nnd finally gave the railroad people to understand that they would not precipitate. If guarontces should bo given that no mora dividends would be paid , Jay Gould loft out as [ the controlling manager , nnd the road run first in the interest of the gov ernment , and secondly for the much- talked-of innocent stock holder , the pen alties would bo left in abeyance for a time. IX. This seemed to bo n heavy demand to make of n corporation that haa never yet [ laid serious attention to the regulations nado by congress. But the managers were frightened. They know from Mr. Adams'statdmontthatthlngs worosqually , and they preferred to delay rather than : omo to an open fight. Besides , the road s not worth no much as it was , its debt is overwhelming , and so the Gould party were glad to stop into the background. They agreed with Mr. Adams to make dim president instead of Sidney Dillon , transfer the offices to Boston and ncquiesco iiP nny further terms ho might make to pacify the senators The latter wore also iitl a stow because pressure was coming on them from out of Wall street , whoso in terest would nlflo bo hurt as well ns the magnates of tlio corporation. The com mittee were willing to yield a good deal il they could bo sure that the company's money would not bo illegally divided. So Senator Hoar wont to Boston from the Chicago convention , nnd there agreed with the Boston directors upon four propositions. (1) ( ) No moro dividends to bo paid until nfter congress again moots ; (2) ( ) all moneys duo or to become duo for government transportation to bo retained in the treasury , both for subsi dized nnd unsubaidized parts of the road ; (3) ( ) the company to pay forthwith into tlio treasury 8718,814 , being the amount claimed under tha Thurman act for the year 1883 ; (4) ) the check for $09.359 , so long lying unaccepted to ba taken on account. The surrender involved in these prop ositions was wondeiful. To this Mr. Adams expressed his will ingness to acccdo , and the next day nt New York , in compliance with the un derstanding given the committee , the directors phased the dividend , accepted President Dillon's resignation , and clouted Mr. Adams in his place. A few days afterward the $718,000 was depos ited with the sub-treasurer nt Boston. X. Meanwhile , in the Iionso the Pacific railroad committee had taken this thing up in earnest. All through the spring they struggled with it , the railroad attor neys , both on and off the committee , try ing to delay nction. Here the railroad men stuck to the Hi'xty-yoars extension , and the majority insisted on an increase in the per cent taken from the roids by the Thurman act. "But , " said Ppst , of Pennsylvania , and Castidav , of Nevada , 'what ' is the use of that ! You cannot col lect the 25 per cent under the present law , and it is nonsense to talk about get ting the 35 proposed by you. " Phil Thompson , who was managing the 35 per cent bill , replied that some time an at torney-general would bo found who would execute the clear duties of his office. Finally , after a long fight , ho obtained n hearing In the houae. Speeches were made for two or three days. The lobby was active. All sorts of ideas were ad vanced , Abram 8. Hewitt , who is no wrecker , " put the case in n nutshell. Ho said : "There is a misapprehension in this house ns to the present condition of these great companies. They hava boon spoken of here as if they were prosperous nnd making money. I wish it were so _ for the sake of the com panies , whoso stock has long since pasted into the hands ot innocent bid * dors , and for the eako of the people of this country ; but thcsa companies nro to-day in dire distress , ono of them is no . toriously in very great straits. Its divi dends will bo passed. I doubt whether in our day dividends' will bo resumed. " Then ho laid down the bare proposition that unices the government is careful it will find the Union Pacific railroad on its hands. That night the railroad man ' were admonished to bo in their seats Ii the morning to vote for the P st resolu tiou , The uuxt .1. . . . 11 1. . * . ! offurcd n day Thomppou an (1 amendmunt raiein to 55 the per cent to bo required from the Union raoiflo nnd " to 45 that from the Contra ! Pacific. To ono'a astonishment it was adopted without n dlviiiou and without a vote r registered agninut it , and thu bill passed B the eaino way. WJiythU chsi'go of frwtf The railroad mon had boon informed ol the tonato judiciary committoo'a agrco mont. They know that Thompson's bill could got no further. They wasted no strength because the bill was doomed to bo pigoon-holod in the upper branch. Saturday , Juno 21 it reached the sen- ato. Mr. Van Wyok moved to refer it to the railrord committee on the ground that the judiciary committco had already entered Into an agreement with the Union Pacific which precluded it from pushing this measure. Senator Edmunds tried to silence Van Wyck an being out of order , but on motion of Senator Pen- dlolon ho was allowed to proceed. Afttr referring to thn notorious inlluouco hold by the Union Pacific upon congress , departments - partmonts and even the courts , ho road from Mr. Edmunds' letter to Sccrotaty Teller where ho says "tho commiltco will postpone until the first Monday in December , 1881 , the further considera tion of the matters arising under tno act of May 7i878. : " This agreement , Van Wyck urged , would smother the Thompson bill ro- gnrdleES of ita merits , if it was allowed to go to the Judiciary Committoo. II o went on in n startling arraignment of the committco. Turning to Senator Hoar , ho said : "Thoy thought to eliminate an unpleasant feature in the company and place at ita head n very worthy citlxan of Masaaclnuotti , Charles Francis Adams. But I would aay to my friend from Mass achusetts that while that may satiofy the Judiciary Committee that sort of eminent roipoctability will not satisfy the people , Charles Francis Adama is President of the company now , but the sumo ging of gamblers arc behind him. They have boon running that road for the last fif teen years only for the money they have gambled in stock. Charles Francis Adams in examining the condition of this railroad told the people of Massachusetts ho was satisfied that it was a safe invest ment. Ho invited the lambs of Massa chusetts to como up and bo shorn , and because it came from so eminently ro- spoctabloa ocoutco M ono bearing the name of Adamn they rushed into the pool. What Charles Francis Adams did by his respectability among the people of Massachusetts is sought to bo done by the same respectability upon the Con gress of the United States. " Senator Garland made an inofl'octual attempt to show that the committee had not committed itself , and as the situation grew embarrassing Senator Hoar made an explanation. Ho defended the action of the committee on the ground that a total change in the management of the road was in contemplation , that Mr. Adams was to bo made president , the ofilces removed to Boston , and the atock kept out cf Wall street. With frank ness ho stated the real argument put forth by the Jny Gould people , who were then trembling on the verge of bank ruptcy. Mr.Hoar said : "They say it will bo a very great public injury to us in the present state of the stock market , when there is likely to be a great panic , to como forward and recommend the attor ney-general of the United States to take measures for forfeiting this franchise. It would utterly destroy the government security for the debt. It would utterly destrpy the property of many innocent etock-holdors , and it would have eftocta calamitous and far spreading , much moro than these two direct results of your action , " and further Mr. Hoar said for himself , "and whether it [ the agree ment ] was a good thing for the public any senator who recollects the history of the last eight weeks [ the panic ] wilt judge for himself. " On the assurance of Hoar and Garland that they would give their attention to the bill , Van Wyck withdrew his oppo sition to ita going to the judiciary com mittoo. In the remaining fifteen days of the session it was never alluded to there. Their compact with the railroad was scrupulously kept. XI. Mr. Edmunds has given the Union Pacific people a respite that is all. The Juno panic is over and cannot bu in voked again. Another session of con gress will give him time to act , now that all the facts are in his possession and the company haa put itself In his power. The Thompson bill is in his hands , and ho can put it , or almost any ether , through the peuato. Just what his plan is no ono knows exactly. One thing is sure , no moro dividends will bo paid on Onion Pacific stock until the $52,600,000 now owing to the government is provided for. XII. These , then , are the facts. The Union Pacilic now owes the government $38- 529,512 of subsidy bonds , on which the interest unpaid amounts to $19,054 , 489 , and is increasing at the rate of a million a yoar. This becomes duo in a dozen years. It has 827,299,000 of hrst-mort- gage bonds and enough others to bring tha bonded debt up to $117,487,492 , $ ( > ! 000,000 of stock , a total liuu of near ly $231,000,000 , u sum nufiiciont to build the whole road three times nnd to epare. Of all this all the stock and a good part of the mortgages have been illegally is- sued. Yet year by year their interest has been paid , and not ono nmn in the goy- ormcnthas done aught to stop it , save in the dcBpierd Thurman act , now galvanized by Mr. Edmunds. The road is almost bankrupt. Paral leled by lines to Ogden , with three com peting transcontinental lines , hardly able to earn its bonded chargcH , weighted with illegal debts , it is staggering to in solvency. The earnings are falling away , trains being taken off , countay in vaded by rival lines , rates of faro and freight falling. Competing with road. having ono third the debt , the Union Pacific has seen ita best days , Robbed of it blood , Mr. Gould now acorns ready at last to throw aside the wreck , provid ed ho can escape the penalties oilixod by law to this wreckage. The stocks and bonds have boon largolj' ' disposed of to ether holders ; they roust sutler from the shrinkage which hrj reduced tho'utock tea a third of its former valuo. And through all this riot the government , with law on its aide , has been put off and scorned by pretexts to Himsy that they must have boon understood. VIII. This is the history , briefly told , of the last year's sequel to the previous man agement of the government's great in terest in Union Pacific. Space has BUI- ised only to glunoo at what has actually joon dono. The strange actions of cor- ain men in public life in connection .herewith will make oven moro suggest- vo reading when the story is written. "I do not likrt thee , Dr. Fell , The reason why , ! cannot tell1 It has often been wondered at , the bad odor this oft-quotod doctor was in. 'Twas probably bcctuio ho , being ono of the old-school doctors , made up pills as largo na bullets , which nothing but an ostrich could bolt without nausea. Hence the dialiko. Dr. R , V. Piorce's "Pleasant Purgative Pellets , " ro sugarcoated - coated aud no larger than bird-ihnt. and are quick to do their work. 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