, 1873-02-08


now prominently identified with the MANAGE
ment OF tho Union Pacific Railroad, who pro-
tossed to bo much scandalizol at some Of tho
revelations before tho Wilson Investigating
Committee indicating tho poverty Of the corpo-
ration, now virtually acknowledge it to DO
bankrupt. They como before Congress md aslt
that the Government shall bo authorized to con-
tinuo the payment Of half tho amount duo, and
as 1t comes duo, to tho road for Government
transportation. 1t is stated that this sum will
amount to about half million dollars, and will
be absolutely necessary to kocp the road in ruin
ming order. Thia confession, instead Of be-
ing a recommendation TINT Congress should
authorize tho payment Of any moro
money Is rather q warming against the
advance of another dollar. 1t tic road is banll
rupt, 1t las become 40 on account Of the money
that has been stolen III tho process Of conBtruc-
tion and because 1t now represents capital and
q dobt upon which 1t is impossible to pay tho in
torost. There is no hopo Of recovery On tho
proaont basis, because the present basis is oxor-
bitunt. It is only by Tipiug out the old score,
aud placing tho road upon financial basis OF
what It is actually worth, that it eau over become
self-suatainirg. II tlis must be dono sooner or
lator, and tho force Of tho principle will bo rcadi
y. recognized, then every additional dollar that
tho Government pnya over to the road is 30 much
wasted. Let tho fact Of bankruptcy bo aclnowl-
edged, now that 1t is known, and tho Goyorn-
mont should claim what 6et.off it can.
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We print tho memorial to tho Legislature OF
tho packers Of Chicago. They makeout strong
caso. They ongagel in business last fell undor
tho existing laws, and with no notice TINT any
change was to be made. Tho people Of Hyde
Park endured tho factory OF tue Northwestern
Fortilizing Company ainco 1867, with 10 effort
to suppress it. Tho Chicago packers engaged
In thoir bus!ness this soason without tho slight
est notice Of any logal interruption. Tho pacls-
ing ssaAon has now loss than thirty laya to run,
and they pray the Legislature to tako no action
that will prevent them completing their
business for this eoason. They repro
sent tAat no injury can be done to my
poraon, There aro piled up ut Ainswortll
already several thousand tons Of mattor, waiting
reconstruction OF tho works OF tho Fertilizing
Company. That condition Of things iB tlxol
fact, and 10 delay legislative or judicial action
for tho balance OF tho pachlng season will not
mako mattors my worse for Hyde Park, while It
will enable these Embellishments to complete
their seaBon nnd their contracts, involving
millions OF dollara. It is further claimed
that upon examination the utilization of oiTa1
and blood docs not require that theso packing.
lousos shall remove thoir ofral to Hyde Park
that processes are already III operation By which
! this offal ia inntantly rendered inolorous antl
larln1eaa and that, therefore, oach pack.
! iug-houso, at small additional OK.
! pcuBe, can DO all that the Fartilzing
| Company can do, without keeping tho ofral lol,{
enough to become offensive, and without the
delays, cost, and accumulationa incidental to III
various Aandlinga aud exposure to the aIr. II