Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1869-02-15
What the Chicago Tribune
thinks of Carpei.bsggers Row.


." lac chicago Tribune
s"'"As OF Garpet.baEgers now.
-
From tue Chicago Tribune Feb.4
The Senate Committee on tho Pacific
railroad have recommended the passage Of
OF the mos, gigantic scheme Of public rob.
berry which has ever been embodied in one
Measure. The American people have
placed a prohibition upon congress, and
upon the governms mt generally, from ever
recognizing or paying the rebel debt, or
pa ying for the slaves cmancipsttd by tho
var. II vas rightly considered that, il 1t
were left to the discretion ofcongrss 70 pay
such claims, . combination, representing
thsee new worihless claims. might De able,
~ libsral distribution Of the piundef, to
procure whatever legislation was necessary
% resusreot and pay them. We have es-
csped the fs6el 1ebs, but IN accomplishing
taat end, we have called into political life .
body Of men who ssom disposed 10 make
US remember their short term Of Office with
perpetual dismay. The holders OF the rebel
debs would probably take Eve csnts On the
dollar and give full receipt, but these
$3.50 80 A""ssec'St Nhctt 0Sanouuu uiC iVi
oil the money that may be in the treasury
during the next half century. The bill
provides:
!. For railroad from Lake Superior to
Puget Sound (the Northern Paeific)
=. A railroad from Springfield, Missouri,
southwest through the Indian territory, to
the Canadian river, and thence, on the
thirty fifth parallel, by Albuquerque,
through northern Texas, New Mexico, Ari-
IONA aud California. n the Pacific coast.
3. A railroad frem San Francisco, south
through Oalitornis, to the Both parallel,
connecting With No. 2.
4. The Union Pacific, eastern division,
ICON its present tsrniaus il Kansas 10 .
junction with reed No. 2, neaf AIbuqur..
que.
D. The ArkAnsas valley rosd, from Little
Rock, Arkansas. via Fort Smith. to ajuuc-
tioos ~ California with No. 2. near tho
Oa1soasa !iv~.
D. resiroad from Portland, Oreeea, to
me norm mead Of the HUMBOLDT river. 10
Nevada.
For these several roads. amounting 10
5000 miles, there 10 the usual land grant
and The bill proposes 10 guarantee tho in.
tsrest on the railroad bonds, at six per
cent. for thirty years, 10 tho amount Of
$50. 900 per mile. This whole amount Of
bonds asked 10 BE- guaranteed il $3.50, OO0.-
900, bearing % DOC, 900 interest anuually,
or t37O. OOO. 900 interest in all, These six
roads are selected from thirty other like
PROPOSITIONS. and nut into one bill. II
those 70 through. ali tho others will follow
in hot haste. II this bill fails. they ali fail.
These are selected a. the m ost meritorious.
and in theie support will DO enlisted everv
mon who has an interest in any other like
lob. There 10 not an er tempore Senator or
Representative vhu has not a hin Of mi,
kind There arc b,lls for South Carolina.
Alabama. Florida. Louisiana and Arkansas.
ana the Seoatera and Rsprsaent aeiyps fhom
these Ststee ara mainly n favor ~ ,hs..
bills. rhe success Of ono Ia ,bo sncce.. Of
all and each man rbo h.. /. ;ob ~ III. o~n
/, . ch.mpion az mi. omn;bus Tn. D..
cine Railroad committee consists ~ nine
Republicans and tw, Garnet baroers. rho
vote in committee for and a.sinst ,h, hill
was thus divided:
Fon rus l,t.L. -C,nrcss Calif,rn;.
Drake, Missouri Rics. Arkansas: Abbott.
South Caroline Stewart. Nevada Ram.
sev. Minnesota.
AGAINST THE BiLt.-lIowo.d. Michigan.
Morgan, New York; Wilson. Mass. liar.
Ian. Iowa; Sherman. OHIO.
The American people will contract the
constituencies OF the Senators voting for
aud thosc voting against the bill. Messrs
Drake. Ramsey, CONFESS and Stewart may
plead that, though the bill proposes to take
this money from The national treaaury, il is
to be expended largely in their States but
! IS that plea = sufficient onss Can that
consideration Justify legislation to tho de :
| struction Of the national credit! Let the
United States once embark in this business
Of lending its credit to private corporations
aud where will il stop! Another $780,
VO0. 900 Of bonds wait the passage Of this
bill, and with those bonds issued there will
bs created power which will seiz. the
govsrnwsnt and control its lusnces for
years to come. We have already issued
nearly t6V. 600. 900 OF railroad bends upon
| . second mortgage, and, unless the design
! be to bankrup, the government. and make
,epu iia,ion an unavoidable necessity, LIT
US stop where we are OF what avail is it
to tax ourselves to poverty TO paw one ma
,ional debt. if for every bond We take up We
issue or guarantee two others, to private
corpora,ionss
We tell these men in Congress that it
may be sport for them to plumber the
treasury. but day OF retribusion will come
when an indignant aud az outraged people
will hurl them from the places they have
betrayed. By piece CT very sharp prsc-
tiee this committee, which originally con-
sisted Of nine se,a.ors, was recently in-
creased by the addition Of two members :
Tho gentleman from South Carolina and
tho gentleman from Arkansas we're appoint
cd. and the result OF this Ill advised pros
cesding is the reporting Of the present
monstrous scheme.
1t 10 said thata majority Of the Senate
has been secured for this measure. We