The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1869-04-13
PACIFIC RAILROAD AFFAIRS A
GOOD BELL.

Below we give the New Bill which
: has passed the Senate 10 protect the in
terest of the United States in the Pacific
Railroad 1t would seem to have beer
dictated by much wisdom, especially
with regard to the Union Pacific Com
pany, the stockholders in which are
thereby guaranteed some " show" fol
their interests One of the most i'm
portant matters which has been disposed
! of is the point of connection of the
Union and Central roads-at Ogden.
This settles at once and beyond doubt
a question which is of the most vital
importance, and settles it equitably too.
We also like the provision which gives
Grant the power to appoint an honest
commission to examine the work for
We are assured that he will select the
sort of men who will disregard all else
but the good of the country and the in
terests of those most interested-the
people. The precaution. which CON
stitute the remainder of the Bill, AS e1-
bi5ited in the Geographic summary are
eminently sound Here are the outlines
of the Bill as furnished to Sundays
Enterprise
WASHINGTON, March 10.
In the Senate last evening Mr.. Howard
called up the bill to protect the interests Of
the United States in the Pacific Railroads. |
He said the Central and the Union Com
panieS had agreed on point of meeting. |
Mr.. Howard moved to insert MS amendment !
naming the officers who should constitute
the Commission TO examine the roads. 1t |
was lost as also the motion of Mr.. Williams
to strike out the section directing the Attor-
ney General 10 investigate whether the
charter of the Union Pacific Railroad had
not been forfeited. The bill then passed.
One section provides that the stockholders
of the Union Pacific. at meeting to be held
in Boston on the 22d Of April, 1859, with
elect a Board Of Directors for the ensuing
year, the stockholders shall be authorized To-
establish general office at such place Rs
thew NAV select at said meeting. l. is pro-
sided that the passage Of this resolution does
not confer other rights on said COMPANY
than to hold such election, and that it shall
not be construed in any manner to relin
lulsh or waive any rights OF the United
States to take advantage of any act or neg
ect Of said company heretofore done or per
nitted, whereby the rights Of the Govern
nent have been or may be preiudiced. Pro-
-ided, also, that the common terminus Of the
Union and Central roads be at or near Og-
len, and that of the Union Pacific shall :
3uild, control and paw for, and own its rail- !
-oad from its terminus aforesaid, to the I
PromOntory summit, where their roads shall ;
meet, connect and form a continuous line. ,
Section , authorizes the President to appoint
, board Of eminent citizens, not exceeding
i've in number, not interested in either road, {
o examine and report on the condition Of I
he roads, the amount required for completing ,
o the terminus as first class road the entire
ength. The expenses Of the Board, iuc!u- :
ting $40 per day salary each, shall be paid
quallv by the companies. Section . author
yes and requires the President to withhold ,
'uficient amount Of subsidy bonds 10 secure
he completion of all sections of the road as
rst class roads upon which bonds have been $
lready issued, or in lieu Of such bonds, may :
ecelve security equivalent in amount to first :
Mortgage bonds Of the company; and If it {
f subsidy bonds to be issued to either com :
any is sufficient to insure full completion, :
e shall make requIsition uDon such com .
any for sufficient amount of bonds already Il
'sued, or at his discretion their first mort u
aged bonds. In default of obtaining Secu- F
ty, tbs President may authorize and dir, ct {
lie Attorney General to institute suits TO n
Dmpel the giving of such security, and other L
Use protect the interests of the United Il
tates over the roads and insure their COM Il
letion, etc. Section authorizes and directs Il
lie Attorney General to investigate whether c
r not the charters and franchises Of the C
'nion and Central Companies have been Il
rfelted whether the companies have made Ia
legal dividends whether the directors, il
gents or employees of the companies have a
olated penal law, and to institute any Il
legal proceedings. CT
This Bill, we are glad to note, passed L
le House Of Representatives. on the
Ims day that it went through the
eDste. -