, 1873-02-26
WASHINGTON.
+ Continued from tho First Pagc.]

M, Pol"ni then rrocecled Is dlacuss Tho report
made by Nj. Butlor I.ss ys:terl.y snd De- denied s
ssns ss:nnpon Ess III L
Hills sssroh s had ablo to make since last evon-
ttp b. .a q to @ o 5ohn ws
il esss h;t SsS sasssS M fls ssFP ts
Iouse Of Commons, tho offenscs having bsen CONF
mttea beforo their elee!ion These never had been ~
iher oaensee wers committed.
Mr. ELDR1DaE-poea the gentleman, elaltn q-i That
Qongroas has tho same power as tho British tArlR"
Mr. poLANp-o Certainly 10. ,...... 49,.
Tho half hour extension Of time having come TO m
end. !. was proposed y s0ne member that tho time
shSa I asn y sHsndsa osnt,on.n o,p .,a
that ho would divide bis tne
MIR. .POIAND-oertainly. ., ...
be & dividing eternIy osrs f Of aashter1 object 10
es1ersl Me1nbess-."o Oh no, DO not ob,eot.'
Mr. BUTLEN-1 Withdraw tho objection.
NJ. sLoOUM-I object on tho ground that there arc
0fteen Or twenty mombere who dessro to speak,
e. %ss I'd no
deaire any further extension Of tmo au8htor 1t 9lo
GUMS e1pense as shall haye an opportunity to close
Ths BPEAKER-The gentleman from Maasschu-
eetts, Who IL sfeoted by this resolution {Anes de-
Uiork.
AMEs' pGTEHsR.
Ms. MCPHERSON, the Clerk, then proceeded to
cuped one ii liz front seats, and With his hoa ress
a%asnes aud c. Som. q tho closo feen hs the srgament
ellctted Whispered comments of .ppsoval and ocea-
:ss 1h
resd, 10 that e7en the senslbitiea Of Amca himsof
s SSt Il ss dss
f1ssssa fhs Tssdins % elessd It ip&ta hpslfspsst !. -
sorpion Of te history of tho Pacific Railroad
Speaking Of the Ho1e contract, le says On the sh Of
RON tiS IL 1 Missouri M T River was lot to h. II Hoo, the
only contractor orering 70 undertake ao N
adventure. 81, month. demonstrated bis ,t inability to
ceplon Of tho consolidation Of personal means into
cooperato body, vhereby the pecunisry ability Of
Of eonsracng tke road willis It ths sans tins enjoy
ing the ahelter ot corporate liability only According
obligations Of Ho1ie CONTRACT and entered upon its
performance. waa soon manifest hat oye9 ~ Or
IS a s y FGa hs es snd H.
.ble to ths suseeseful prosecution Of The work:
mortgage bonds, and tho Government bonds payable
In currency wore Of uncertain value and dileult Of
tho ysst amount Of material essential to construction
va compelled 70 follow nltead the long ana tedious
for transportation, and Without insurance sgainst tho
peris Of navigation. ALI masarala wera high, and the
a, S e
Of the se'a hsn and e1 Nana
Eary in septembor, 1855, became manifest nut tho
work must atop, unless additional strength could bo
sociaston and long consideration, myaet and others
associated with for the frat tnas took interest
adaons % r.sd s Worf wont
n; Ss
rs y @
%gs'sd 5sss nsa M II 3 Dseess4& sses5&'a
long and nearly Intellectual struggle the dnal con-
II 9ssa dobsa
be rapidly pushed to completion. congreas had long
inucemena to capitalists to n1nbark In tho construc
ton Of the road aud and my asaociatea accepted ita
seaaon to apprehend unfrlsndly Of hoale legislation
for every department Of tha Government manifested
1ndy The 9s f bs sd T.
Of dep.stsns md go,ssn9msSnt S Officials ct
crs.sod speed Of construction, and never lost ~ op
Urging forward II LID ne7er entersa zoy nssd tat
the Company would rex for Or nesd additional less-
isgod sales BY mo Of Credit Mobler .toci and then
denly md without warming sprung upon Il, IN ths
critical period Of It's fortunes, and In relation to which
these l ciroam.t.nees. @ WITH al legislation sought
granted, and no future action Of congress to be
It'd liz bssa for o. ; faFs .ps i g charged :
Congress shares Of stock In tho Credit MobIst for
prces below ita true yalue with intent to influence
il true 1t Is prtdcated upon three facts, all OF which
should be shown 10 the aatafacon Of the body In Or
the Conittoe First the shares must have boon sold
atprcoa 80 manifestly and palpaby below theE true
ss 70 sesy sagsaas ' IA .aa s
such natuze that their ownership would create In
r. nssst 81 e. s1
specific matter thing to be brought before Congress
sought to be Influenced, should be alleged and
proved It Is by no means clear, from the testimony
~; hs sess ed At g: IL la. th1p no it ,Ss
had no current price, md the amount for which 1t
buyer and LIS inclination TO assume extraordinary
rsts the hand, or ILLS tendency to conservative
proof before Committee Of tho House by witnesses
largely Interested III Euilroad construction
r. I'D .s sssp aud As s xnsa Hsa ss soe4 ae
offered TO them 1t par, It was INSTANTLY declined by
reason Of the enormous risks involved These capital
and tho venture was therefore declined Apart from
some proof that smalt amount of this stock changed
hands between persona addicted to speculation, At
about b0aothlng ia shown in References to s value
has % Pot on the h not !, n
esnce and sabstttuts the conclusive imputa;
Of such Transaction occurring between men
who had long maintained tho mostly fftendly pcssonr
relations, Of whom nothing was asl led, aud BY whom
nothing waa promised. Il to oyerturn al the safe-
guards afforded person and property by common law
and, in lieu thereof establish inqulsitonal code
under which no mans reputation Ia eafe. Il mny bs
eaid the giving by any person and the receiving by
Is Identical hofowith, selling and buying et made
quste price, imports corruption, in both gyer
and receiver, the buyer and aeller, Who.
ever proolatn,a. this doctrtps Should instantly
Presidents and BuperIntendens have presented L
members Of Congress tS value of tsansposs:on oys,
have been received, to tho end that Justice may b'
dons, and the one presented for Indictment and u
gratuity have nothing to do with tho question. Tier
e no middle ground on which to stand. For tho frs
fo1x Ena