New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-09-21
MORE REVELATIONS.
WHAT "wAsHBURN's MovED wAs--wHAT TT
COST TO GET 1T THROUGH CONGRESS.


,y,r,r "wAsuRuRN's MoyRD WAs--WHAT IT
COST TO GET 1T THROUGH CONGRESS.
In his letter to McCOmb, dated Jan. 80, 1868,
o,es kres SAYS: in view Of Kings letter ana WASH
burns move here go in for making one bond dividend
IN fur 10 order to throw some light upon TINS rcier-
enee, he Oshkosh (wIsl Times publishes speech deliy-
cred By the Hon c. washburn in the House Of Repre-
entatyes March 90 1865 months after the date Of
Ame,'s letter After dwelling upon the conditions OF
rho first bill enacted into law In regard to building
Pacific Railroad Mr. washbun spoke OF the unusual
movers OF the Company and had traced the history or
he hill down 10 that time when he intercepted by
member who offered to tell him how 1t was passed. Mr.
Washburn then proceeded as follows:
must decline TO yield for that statement NO mat
ter how tine act was passed | suppose 1t IL no
use TO advert to that matter OF course DO not pc
neve mat any corrupt influence was ever use1 upon
of the kind; bat believe state nothing more tha
What notorious when say, ina. tue vice. Oh
me Rad has charged Company WIN soJVOJJ as nav
ing been expended in Washington 10 secure te passage
of that act; claiming mat the money WIS ~
Mr price-Ine gentlemen Is referring to the lrst act
Mr. Washburn OF wsconsin-No,su; tue ac1 oi lo0i'
Mr. Hi9pyZI anl sorry to the gentleman make
te statement which just made. TINS IL the rst
used 70 procure the passage OF the act of 1861
MIR, WashOurn OF WISCONSIN, make no renecton
nous fac-that the VcePlesident has claimed inat he
used the money in confidential way III wasnls,oni
If1
Tor ayerng to- and IL ia this that IN TINS act Oh 1903
virtually voting away S6OOOOOOO OF inc people inoey,
tine opponents OF IL IN vain demanded inc les au 4,ays
mon the vote agreeing 10 the report Oh .n oo
terence Committee OF the two Houses ana ny WHICH foto
the bill was finally passed. .,, n,u, Con
have already said that this road cOuld De punt ioi
tho Government subsidy and relterate lhal ponueu
n ~ blt as other built, by contracting Win
tbe lowest bidder To make the road cost tue sochno
era no more than absolutely necessary ana atthe same
time 10 make represent nominal cost tnat wouu TO
leye stockholders from the appearance u noS put
ting in money theG and also 10 reeVe mem from
me 10 per cent dividend propOsons they resort 10 de-
vice unheard OF before In this country.
The stockholders In the Paelnc ROAD are IsW 10 mum
her They could easily have made contract Win theh
eves Tor the building OF the road, without lds or ad
,ertsemeuts of any kind THey could have agreed 10
ns themselves 100000 s2000 per nile, and swelled
I mammal cost 10 sch inquire as 10 neutlallze the III
Nor cent proyIso In regard 10 earnings. But would such
transaction have been earded as an honest or legt
ne and straghtforwara one, and binding the toy
amounts 10 precisely the same thing, arrived at In All in
direct manner, be any more honorable and straight
fnrward or binding on. the Governmentf Instead or
contracting for the construction OF the road all other
roads have been but. what do they dol A, Is, G. and
fl ,e thr stockholders of the company. A. h. q, aud d.
under from the state of Pennsy Orgunke
themselves into company called the Credit MODlIer OF
lu,r1ca A. h. q, ana ID. stockholders, enter into con
t,ot with the Credit MoOier ca bald this ROAD at fabu
us prices the Cfe1lt AoDier lets ont the contract
M tho lowest figure AT which the road pe buiI
making clear profit OF the difference between The price
at which the contract IA taken and the price actually
paid those who do the Nork-a sum, am assured,
mat W not fall short OF many miOns OF dlllaIs. IL
viiI readily DO from this that the company pfac