New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-08
THE CENTRAL PACIFIC INVESTIGATION
THE REPORT OF THE WILSON GOMMITrEE-THt
GROUND TAKEN, AND THE RECohhENDA'
TONS MADE.

GROUND TAhLN, AND lhG
TONS MADE.
IBY TELEGRAPH TO THE TRIBUNBI
WAsHINGToN March THE supplemental report
of the Wilson Credit Mobilier Committee on the
Central Pacific Railroad, which was made IN the
House on the last day of the session. has been printed
1t takes the ground that three Commissioners should
be appointed to continue the investigation; put rs
the bill for this purpose was not passed. no further
action can be taken. The report says that the
records documents, contracts and books OF account
of the Company, including those that relate 10 the
original construction of the road, are III SACRAMENTO
aud that most of the officers and witnesses are resi-
dents OF California and that as the Committee were
SO fully engaged the Union Pacihc inquiry, there
was no time TO finish the investigation OF the Cen
trail Pacific before the adjournment 1t quotes from
the testimony of Richard Franchot, the Washington
agent of the Company, and from c. 7. Huntington,
and says:
ct would seem from this testimony OF Mr. Huntington
that there is probabe cause for believing that the capital
OF the Central Pacific Railroad Company does not repre-
cash. but profits construction ana that the prop
ery OF the passed largely into the hands OF ts
own officers who have made contracts IN IT'S name WIN
themselves Whether these contracts have been lawiu
and usnabe t would be unjust 10 the parties TO eA-
press opinion We think they afford good reason
for further inquiry. II also appears that there
Is statement OF the real cost OF the
work IL IL important that such statement
should now be so made as to bind both
parties and prepared with reference 10 the right OF Con
gress TO lezslate to fix fares when the net earnings
amount 10 10 per cent of the cost The case OF the Cen
trail Pacific Railroad Company differs from that OF the
Union Pacific Railroad Company In the essential parteu
lar that the former was created by the State OF Caor
MA latter Ivy the act OF Congress Congress mas
10 with any alleged diobedence by the Central
Pacific Railroad OF the requirements OF the act incorpo
rating IT, unless such dsobedience constitutes breach
OF the conditions which the corporation accepted the
grants from the Government. But Congress Is con-
cerned:
First To5ee that its bounty has not been misappled.
Second: TO fix the true cost of the road.
Third. To see whether the provisions OF the statute
OF 1854 section u.s. has Observed that the several
companies authorized TO construct the Aforesaid roaus
hereby required operate and use said roads ana
elegraphs for all purposes Of communication, travel
and sportaon as far the public and the Govern
Dept are concerned. continuous ne ana IN snch
operation and use 20 afford and secure to each equal ad
vanages and facilities 10 rates, time, and ansporta
ton without any discrimination OF any kind IN favor OF
the road or business Of any either Of said companle
adverse to the road business OF any or either Oh the
Others"
The Committee closed by recommending the pas
sage Of the bill referred to.