New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-02-17
Foreign Ezehango Is sIeady today a. the iolovlns
The following shows the result OF todays business 10
tie Sinh Treasury In tlis city

The loan Of 1.-The Chesapeake and Ohio Railroad Com.
pany advertised elsewhere, win attract universal inter
attention among capitalists, as the demand foe
good securities Offering better rate Of interest on tho
Investment than Government bonds present rates Il
very active The importance Of the G. aud o. Railroad
as an East and West Trunk Lne-its relations 10
the prosperous future OF the TWO great states
which ut passes through, and the high character
and integrity OF the management as guar
anteed by the names Of Messrs A. A. Low C. T.
Huntington, VIM. II. Aspinwall, and Others give 10 he
loan superior aud substantial character, which VIII
insure its rapid sale The cautious and conservative
policy OF Messrs Fisk Hatch in the recommendation OF
loans "a well understood and their ENDORSEMENT Of tbs
loan Is proof of its superiority.
In reply TO resolution of the Senate on the 9th lni'
the President has transmitted 20 that body the following
COPY Of letter addressed TO him the 18th ut by tie
Secretary OF the Interior which the President says con
tans all the information in his possession touching inc
action OF the Department on the claim OK the cehu~
Branch Of the Union Pacific Railroad Company to con
tnue aud extend its road and to receive Lands and bond
from the United States in aid Of its construction
DEPARTMENT OF TIE ISTERIOR, !
WASHINGTON, ID. C., Jan. q, 1870.
SIR: The OF the claims OF the Central braneh
Union Pacific Railroad Company, 10 The withdrawal o.
lands &c, along the Republican fork Route IA ksns@s
the Cabinet deem proper To ay before you the aclo'
OF Department taken IN pursuance OF such consn
that the Company had presented similar one 10 M
predecessor before they had completed tie cOnstRenon
| of the one hundred miles OF road which they were
authorized build and for which Congress had granted
them the original subsidy in lands anu bonds IL ~ sd.
mitcd by the Company that the action OF MI BroSnns
in refusing the Withdrawal OF lands Ia the Valley OF TIC
Republican Fork right 80 loug as the Company had
yet REACHED the OF the hundred miles of the
independent line which TO connect them with the
| Union Pacific Railroad. Eastern Division.
They have however, denied that the action OF tue De
partment then TAKEN deciding the question ot Only upon
the point above stated, but also the ners was coo
elusive, although Mr. Browning repeated the opinion 10
his annual report OF 1862 when noticing the oi
miles Uf the road The weight aud ability Of INC
opinions submitted by the Company Ia ten
behalf Justified much and consideration In e1ch
ing conclusion. either upon the question OF the mattef
being already fully adjudicated by the Department
alleged; aud l have feis it my day
clear case TO be made on both points before could
render decision IN favor OF the COmpanys cam. sdeb
ronelasyeness of rea sonng aud freedom FROM
bic Doubt have been able reach, and have there
fore determined not TO disturb the decision bereioforr
made by the Department In declaring THIS couclsu,
IL due to the Company To that after full cosui
zion with the Attorney General, both he and nyssi were
OF opinion that If the legislation Of lse6 had not
road Company, Eastern Division, was authorized
TO change iI route, and under which the ron,e was &c
tualy changed from the Valley OF the Republican fofk
to that OF smoky Hill, the Central Branch wOnid npo
reaching the original point OF contemplated Junction I'D
The Republican, Valley have been slttd 10 proceed "
construct road up that valley II tue Etstefh Disoa
had rallied TO meet them there, and would nave oeh On
uted 10 the benefits Of section lG OF the act ~ Jup
1854 IL Is also due to the Central Branch Company 70
say that they have filed IN TINS departments eYueh,s
OF the Eastern DIVISION up tne shoeS a,,ss
Fork under the act OF 1860, they tho Ceniisl bAses
ON The originally prepared route TO the Republican toth
under tho scheme plan OF Junction III ne latter yae!
These statements. however Dear only upon the geheiS
equity of their caIm ny Judgment, aud however
pwerul they might be for mOtiyea of legislative Tehe
they have controlled the view have taken OF the legal
rights fixed by the legislation OF 1906 and the change "
route of the Eastern Division, under that legsl"I %
supplementary 10 and extensive Of that oi l0Oa
Very respectfully, your oDedient servant,
J. ID. Cox, Secretary vi the ihrnor