New-York tribune., 1869-06-28

have no question that they weigh SO
tgre and has the appearance Of being good article.
The Joints braced by plates on each side Of the rails
side Of the joint the bolts Of course passing through the
| plates and rails. -
the road with temporary officers at the different stations
but answering the purpose for the present.
WHAT SHOULD BE DONE.
Whether the present company operate the road or not
many believe is not their purpose to do SOL the result
will be substantially the The great object VIII be
to get clear of the Government lien by foreclosure and
sale under the mortgage bonds This will be done unless
the Government refuses to allow itself to be made
lions contained in the following paragraph arc acted
They are Of the highest Importance to the whole country
The amendatory act OF July 1854, subordinaes tne
Government lien secured by the charter to the mortgage
bonds issued by the Company The twenty second ana
any time alter amend or repeal this act" The Road
not completed anything like IT, and the power Is yet
done promptly and effectualiy The Government bonds
should be restored first en they stood In the or
Should be made second instead Of first lien. This
done, all eayl and difficulty with the Company will be
far I'm moro than sufficient to build the
Road, and why should it be given away
The provision In the amendatory act granting extra
quantity OF land should also be repealed or suspended
until the road constructed as Dy law Az eae
transpre before another dollar paid TO the company
II the subsidies should be all paid and the lands con-
veyed now, the railroad companies would have no In
ducement to go and finish their roads On the con-
would be their Interest 10 Keep
possible running order they intended to operate
them In the future until the sale Is made on portion OF
the mortgage bonds and the Government lien extin;
Is In the less will bring The temptation 10 90 ths ~
great to be resisted Wping out an OF
sixty millions OF dollars on the road when ~ can DC
done by short chancery proceeding Is an adVahtage
railroad gentlemen Will not DO slow 10 see ana aVah
There is still another and moro powerful argument why
the railroad companies should be held to the strot letter
of the contract and receive no more speea dney
OF the charter which requires them TO pay at maturity
the principal and interest Of the Government bonds only
from the provisions OF the fifth section making the bonds
a first lien. The following statement will show the
amount Of bonds Issued each mile OF the road or 70 DO
issued
The eastern base Of the Rocky Mountains was aId at point
s2 10 1000 miles At $1,000 ao
s1 slaio0S miles at s5 Io3ga
600 miles. s258aa75s
Prom the lOOOth post PrononiOry Summit. distance
ofs miles bonds have no. been lsaed neither has IL been
them They wOuld amount At $I 900 per mile to'' a7SoO
Tot.l......................... sa7S7s
we.'.rp base Of ssu. S;,.d. Mean'Aln' was Cred at
,,5 % lSio' -. A. 81 SdSo o
sl7 gl.lOO miles at s5a OoO ................. l6HO2W
miles reported terminating at PrOmOn. .ooo
tory at fR,yO,. ofyi"'- f'Oo"
,-7s un,, ,sgr,y,,lur s53Iss7l
will add In conclusion that my return to Omaha
was shown O prepared report on the hrst section OF
twenty miles Of the road west OF the last accepted sec
ton, gotten up by OF the officers OF the company set
tins forth that constructed IN strict compliance with
law aud was told that other similar reports LOT Ihe re-
such the accustomed way for reports TO be prepared
for Commissioners ana hen they gneG afnn 5 81 Sp
adopt the usual form aud sign such paper have pre-
pared this report for myself and as expressive OF my
own '''"'' ''O'' ISAAC T. MORRIS, Commissioner.