The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-01-31

tions OF an exceptionable character, Of a
dangerous tendency to railroad and great
interests, are sometimes introduced on
resolution days 10 affect the stock market.
False reports are sometimes resorted to
to the same end.. / have not supposed
that the House Of Representatives could
be made available for enterprises Of this
description. But, however this may be,
l know Of no way in which mischief re-
sultng from such transactions can be
averted except by securing tho election OF
respectable men TO represent tho positions
In legislative bodies. No property can be
mo.e secure than the character OF the
government to the jurisdiction Of which
It's subjects will permit. To attempt to
buy your peace from strikers Of this class
is the encouragement Of the very spirit
which impels the attack. AS rumOr has
j prevailed in Wall street this afternoon
that some resolution OF fearful import to
the Union Pacific Railroad Company was
to be offered in the House on Monday, the
market price Of stock has been thereby
considerably depressed. Whether this is
or not the identical scare to which your
attention has been called, cannot deter
mine from the facts before mo. Ii you
feel Of liberty to inform mo by
telegraph OF the precise nature of the ca
tastrophe, to avert which you ore kind
enough to offer your aid, the Executive
Committee Of the Company shall be in.
formed to tho end that they may consider
it their duty In the premises, but without
more definite information thanI have al
ready received, we must abide the result.
Not unmindlul that the authors Of these
conspiracies themselves sometimes be-
come the only victims. An answer to
this telegram addressed to my house, will
reach me ut any time. II you can, for.
ward by to.morrow's mail copy Of your
first letter, or the substance Of it. II the
copy is not retained, l shall be glad TO
receiveit.
rSignedl HORACE B. CLARE.
The witness resumed by stating that Mr..
Pophleton. the attorney OF the company,
left New York Sunday night and came TO
Washington, and undertook to place the
correspondence in the possession of some
member OF the House, SO that If such a
resolution as had been referred to had
been introduced the whole thing would
have como out. The same day witness
received the following:
WASHINGTON, April z, 1879.
To Il. r. Clark, No. 10, East 22Bd street,
NeW York:
Your long message is just received. l
cannot understand your failnTe to get my
first letter, and still less the misapprehCn-
sion and discourtesy Of your telegram.
But as it seems to me the emergency is
very great. If you can suggest any one
here with whom / had better confer, or
| if you desire to talk over wires to-day l
will come to the telegraph Office. I will
write tonight addressed to No. 10, East
22nd street, but fear the letter will be
too late TO be Of much account.
ESigned GEO. B. CowLAIN.
TO Cowlain's telegram witness said he
replied as follows:
New York, April Z, 1879.
10 q. B. CotClGiB, care Gen. Butter, VASE
ingt0n:
Your telegram OF this morning is rc.
ceived. regret that you deem mine Of
yesterday discourteous, as it was not so
intended. ! have assumed that your in
tervcntion was friendly in its character,
and felt No embarrassment expressing
my views relative to the legislative stock
jobbing transactions. AS the energy
seems to be, as you state, considerable, 1
have requested A. j, Pophleton, of Ne
braska, who Is q friend and adviser Of
tho Union Pacific Railroad Company, and
has our entire confidence, and who Is
now in this city, to go to Washington to-
night and meet you there tomorrow
morning. BE will stop at the National
Hotel. You are at liberty to say to Mr..
Pophleton whatever you would say 10
myself, as he is fully authorized to repre-.
sent the Union Pacific Railroad Company
in the matter referred TO, and will take
such course as, under all the circum.
stances, he shall deem expcdent Please
inform me by telegraph of tho receipt Of
this, and add any other suggestions which
may occur to you.
Witness resumed, and said Pophleton
came to Washington that evening, Wit.
ness said to POphleton in talking over this
matter, that tho Union Pacific Railroad
Company would not give one cent for the
purpose suggested by Cowlain.
By Mr.. Slocum: Was anything done
that Monday?
A. Pophleton says motion was made
in the House to suspend tho rules and
somebody who had papers offered to let
theresolntion come in If he could be per-
mltted to produce correspondence.
Mr.. Slocum here referred to the GLOBE
OF April Sth, 1879, and read o resolution
moved by Negley requiring payment Of
interest by the Union Pacific Railroad
Company. Brooks on that occasion, 1t
appeared, objected, and called for the
regular order OF business, when Negloy
moved to suspend the rules that he might
offer the resolution, Neglcy made a
point as TO the propriety Ol stockholders
opposing the introduction ofthe measure.
Brooks Started by inquiriDg II it was
proper for Wall street spectators to in
troduce resolution Of this character.
Witness said, l hold in my hands the
papers which were then in the possession
OF Brooks, and which have been read 70
this committee, and stated further that
not one shilling was expended except for
tue pClsuuhl GAJSusCo VI 1VpulubOu III
coming 10 Washington. Witness being
interrogated as to the resolution passed
by the Board Of Directors in December
last for tho issue of $1G,0OO,O00 Of new
bonds, give the reasons why they were
uot issued, among others that they be-
came due in 1873 and matured so soon
that they would not have time to provide
for their extension, and besides, within
two months past, there had been forged
coupons OF the bonds already on the mar.
ket to the extent Of $lS0,000, many oi
which coupons had been paid.
Committee adjourned until tomorrow.
MEMPHIS.
MRMPnIs. January 9O.--At q meeting Of