The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-22
TEE NORTHERN PACIFIC RAILROAD
Curious Legislative Legerdcm ain-HOw =
Committee May Mako q Report without
Knowing It.

curious Lc81sAatlvo AeRerOcmoln-ftOW .
Committee May Make q Report without
Knowing Il.
NEW YORK, June is, 1874
To THE EDITOR or THE HERALD
During the late session OF Congress General Banks
offered q resolution In the House OF Representatives
to investigate the affairs Of the Northern Pacific
Railroad. This measure was introduced at the re-
quest OF numerous bondhoders Of the company,
and was promptly referred to the Pacific Railroad
Committee OF the House for careful investigation
and appropriate action.
The committee were notified through the custom
airy channels, Of certain grave charges against the
individuals entrusted with the management Of the
company and Its finances In reply to such notin-
cation the counsel for the bondholders were In
formed that an appointment would be made for q
full and impartial hearing OF the charges and speci
ncations. Relying upon this engagement, the coun-
sci employed to vindicate the accusations OF an
Illegal employment OF the moneys subscribed by the
bondholders for the building of Pacific railroad,
and for no other purpose, have quietly and
patiently awaited q summons to Washington city.
While thus attending for opportunity to pro-
tect themselves against the illegal acts OF their
agents the bondholders received intelligence from
member OF the Pacific Railroad Committee OF GER
tain extraordinary action taken on behalf Of the
parties arraigned.
mittee report favorable to the Northern Pacific
officers was profrered to the members by their own
clerk with request for their signatures.
In the absence OF any hearing OF charges or any
investigation except parte one, the committee
absolutely refused to adopt the report in favor OF
the present administration OF the company. Upon
the failure Of this effort 1t was proposed that
twenty-five copies Of o statement by the directors
to the committee be printed for the use OF Congress
only Tn e o
q degree OF action favorable to the present mana
gers OF the company.
tnct understanding that these few documents were
not to be misused or perverted Into committal Of
the Northern Pacific Railroad.
After this decided refusal to act in favor OF the
directors and trustees the committee adjourned,
upon the understanding that nothing more would
be done In the matter this session. leaving the
charges to be presented to the committee ut the
December meeting OF Congress.
Under this provisO several members OF the COM
mittee "paired orr and went TO their homes some
Of those ss gentlemen and Of the Northern Pacific
b0ndholders, an announcement appeared In most
OF the morning papers except the HERALD, that the
conduct and legality Of the present management OF
the company. All the members OF the committee
absent from Washington in the last days OF the
session, and the telegram announcing this proceed
ing was not credited by them and is scarcely cred
tied by them at this moment
The Northern Pacific bOndh0lders have this morn
ing received despatch from their counsel In Wash
ington In the following terms "A report was sub
mitted to the House by Mr.. Sypher, OF Louisiana,
from the Pacific Railroad Committee, during the
closing moments Of the last nights session. SO
the Journal Clerk OF the House informs me, and
that is all he will say about It, The report covers
fifteen pages, and Ii probably favorable to and
made in the interest OF the Northern Pacific Rail-
road officers, as ex- Senator Wade has ordered ten
thousand copies and is impatient to get them"
So the facts finally appear that after the oppo
nents OF report In favor OF the Northern Pacific
Railroad had LEFT the CAPITOL after the committee
had, O few days before distinctly refused its sane
tion to such q report, and without any hear
ing or notice OF hearing OF the charges made
by the bondholders against their trustees this adrot
movement executed, to shelter the parties
arraigned under the excitement and hurry OF the
closing hours OF q session. Notwithstanding these
manGuvres, the scheme will wholly fail of success
The bondholders OF the Northern Pacific Railroad
will present the members OF Congress with their
charges against the cust0dans OF their property
during the recess, and In this way protect their
rights at the coming session.
A motion will then be made TO recommit this re-
port that 1t may be supplemented by the charges OF
the injured principals, and not wholly confined to
the laudation OF incupated agents. The HERALD
very shrewdly declined TO publish the agitated tele-
grams from Washington regarding this matter and
Is, therefore, the proper medium for this general
correction OF a bald statement which might other.
wise produce q very erroneous impression.
f. =. BLOUNT,
OF Counsel for Northern Pacific Bondholders.