New-York tribune., 1872-09-24

Government loan. In other Words CObRr~s rehh-
quished our first mortgage on the railroad md TOOK
second mortgage, authorizing the Company u make
first mortgage of equal amount ahead OF ou's Now
then, our security was destroyed in this way, so
that our investment was to be OF no avail In
a little while a private company was some
where chartered entitled the Credit Mobier OF America
and that private company ring composed u lot
Of active members OF the Union Pacific Railroad Com
pany some OF them members Of Congress.
NOVEL BUSINESS TRANSACTION.
No list OF the stockholders of the Credit MOBILIZE was
ever published or can obained but these genthmen
proceeded to make contracts virtually with themseves
that is to say, the same gentlemen dilcl-
ating as officers OF the Union Pacific Railroad
contracted with themselves officers OF the CrediMo-
bier of America to construct the Union Pacific Rairoad
at prices which absorbed both the bondsent
by Government and the private loan OF the company OF
equal amount, which was made the first mortmge
on all the property Of the road In other words, nese
gentlemen contracted with themselves to pay tlem-
selves twice the fair cost Of entirely building ana epp
ping the road and building the road with the proceeds
of the money lent by the Government they proceeded
TO divide among themselves the other bonds equa to
the amount for which Congress had made mortgag on
the entire road. BY these S200O00OO or SO0OO
were divided among the parties. and oil that moey
so divided we called upon to pay. Tey
divided the bonds, and built the rad
with Government bonds which were a second morgYe
ON that Company
STILL ANOTHER ADVANTAGE.
Now, you see these gentlemen who engineend
through Congress this project Of making the road cot
double what 1t should cost, and making half tie
cost a private dividend among themselves-thee
gentlemen now appear before Congress for stll
further advantages Congress had thus far reseryedo
the country this railroad earned by carr
ing the mails and provisions &C.. for the army OF b
United States; but the Company said mop The
said: 1--WE want to half OF the money
You can pay over half of the money to u.s." Conse
quenty, In March, 1871, by amendment fastened OF
an Army Appropriation bill, the Secretary Of the Treas
ury was instructed TO pay over to these companies
half OF the money they earned by carrying
the mails and army supplies and only reservlng ha OF
those earnings toward the payment OF the interest semi
monthly, accrung on bonds due to the United
States $50 that this day the people OF this country
are paying some millions per annum ont OF their
hard earnings for interest these bonds lent to the
Pacific Road paying this money interest to meet the
vast sums divided by these gentlemen among them
selves as the dividends OF the Credit Mober d America
PROOFS OF CoRRUPTIoS-SEED OF PURIFICATIoS.
Now, gentlemen. l do not say what individuals nave
received this money but do that by corrupt egis
lation in the way Of individual gains S0,OOOOO0
or $40,OOOoO0 have been saddied ON this coun-
try-an unjust and unrighteous debt. We are
called Upon to pay the interest now every six months,
this because the who at the same time egfsa-
tors and corporators corrupty used their legislative
power TO fasten this corrupt debt upon the
people OF the United States. Now then, stand here
fellow-czens TO insist that the legislation OF your
country National and State, needs puricaton and that
the leading in Government who are speakers,
and the members OF the Committee on the Pacific
railways and other railways should be called to justice.
We need reconciliation We need purifcatloD, and this
not less than the other. The Letters Of Oakes
Ames, the undened and undeniable letters Of a
member Of Congress and a corporation and large
stockholder in the Union Pacific Railroad, whereof he
was lately President, these letters incontesbly prove
corruption, and corruption in high places. Such
legislation as have briefly exposed to
you could not have been accomplished.
could not have effected without the sonnivance and
support OF in high authority and these facts assure
you that publication is urgently needed
PLEA FOR RECosCILATDy.
Fe0w-citizens, let me say one woc for Reconcilia
ton. For years have pleaded for ears have inn
pored that strife and contention shoutcease for years
have said. Let have Universal Amnesty and Impair
tia Suffrage [Applause.l We have aheved Impartial
Suffrage No man contests it. No man disputes II.
Now give us Universal Amnety. We ought
to have 1t. [Applause.l 1t is tim that alienation
should cease. 1t is time that hatrd engendered by
the late contest should cease. 1t time that the
American people, the whole of them. should be
our common nationality. No utcast, aliens,
none prescribed; and the, united once
more, take the vows Of allegiance. and
support the honor, and unit and the pros
perity Of this great Republic. Applause.I plead
for Reconciliation perfect and compte. stand for
nesy SO thorough that shalbe left outside OF its
circle. desire to every Amerlan recalled TO 10y
atty by being asked TO stan equally with us
on common platform of Anrican nationality.
fApplause Fellow-citizens, promised this four
years ago in the Republican Natlonl Platform. 1t has
not been conceded to We nut take it. We have
asked for it long enough. no let the people
say 1--WE will have It," [Applause.] In
several states-in Virginia, in Mkouri, in West Vr
ginia-the people have been asld, "Will you have
every man enfranchised, pIscribedp and they
have answered. {" Yesl yes No procripton; universal
amnesty" The whole people ill so answer If
the question can be fairly representa- have put the
question represent the affirmative OF that question,
and call on the people TO vote hat no shall
doubt that the American people deland universal am
nesty and the restoration OF every withheld right to
every American born, naturalzedon our soil
People OF Indiana, know your enerous hearts are
with me. i believe your votes wi testify that your
hearts are sound and true. belize that you can
not be bought. know that you canot be buled; and
feel that when your verdict shll be pronounced
il will thrill the hearts OF the friend OF reconciliation
from one end OF the country to the ther know you
and trust yon. Your hearts beat responsive to mine.
Make IL sure that there shall be mbiguity in your
verdict and nothing to mar its Completeness. PRO
lOnged cheeringl
The crowd then slowly dispersed
"