The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-21
The BaBED STATESMEN COVERED OVER
A Minority Report and Objection from
Swami, Of Maryland. .r.~,
WHAT OF The wHl1Eu sEpulcAREsi
History of the Union Pacific Railroad and the
Credit Mobilier-A Bill to Lock the Stable
Door After the Steed Has Been Stolen.


other matters specified in the resolution Of the
House.
The report enters deliberately into the history OF the
Union Pacific Raroad and shows that the act ncorpS
Of The corporators nor for the advancement Of com
paSis alone ~. mn n sSdtiSn Ties. .ntsrss.
in % ss O. rsao on
the testimony already made public
e q ne n0fs Rs ssS %
utterly dsreearded The committee do not doubt thatt
az
the S9s q the road was which wholly LIRE re-
ana lrst mortgage bonds and that from The stock the
in cash value at least JULIUS '''
being Dsr tn.
entire Mn cost ofthe road road: -. ACKNOWLEDGEMENTS
f g f S f ' CGg ns he:
their dicaity to Congress, which has dealt generously
ss gam o. he:
:'Ss nS ssss
SsS.SS
duty to express Or re, to FORM pngx an S e 2Ss.,
Pn me Of ssS the exercise
Shss oSnsIsss
70 osessd
g ss s sss @ % $ ss
9 ss f r x ss h %s
held their stock openly and WITHOUT conceaiment from
he rhs ssxs 'ha's
sSs
s5%ss in the light Which Tie
Alter further remarks the committee say the division
the e. Of the aha has 20 az
corporati9ns in the manner above described easy i
Containing 6s records
w wfGs Of he r. Tn s &
wos xas ens wSs e e n
as %S az t e h Il
s"1 ;%$ & 1is;
sSsse duties II hs n the sss Of New
not been ihyestigated thoroushiy as was desired
st the to Rss any pSh ssSSp n
Sa s the on is s
miics ihinS the ass shown would furnish "' ''H'-
., at Oh. GROUNDS soa ;SoGaEST or roaTsiTunr
sse and ps Ct M6p Sb
n the wrong doing Of i sSslf
as S Ssn SFsss
hs nsss
s hsSs
10 @s q sass a'y ought equity
THE MOST SIMPLE PRINCIPLE OF EQUITY
ss fs ia. ts
I%ai g .ss y ~ S:S
5fas t sss .ssasy
essary II we are wrong in this opinion there is no
peans The act These questions are judicial questions
As we have said we propose simple method Of raising
we can the administration OF the fund according to the
the lie s9
holders , the same In good ath and Tor value but did
without IL he mink thas
Union Railroad faith sna Tor value 81 tas
the 81 Re %
The committee then refer to s
the Poland committee and submit the accompanying bill
an ssSs1s1s si wilson Samuel
e sSG
A MINORITY REPORT - .A
port could through aHa' the
'%s a sSpnss w rs s
legal remedies recommended by the committee but I
the i the to s oomse
SAM n r.e sS%s is embodied in the
cKnTlIS MEMBERS OF CONGRESS-
Be Seea S'n Sahss Ss
ia Of Iiipe. '''- THOMAS SWAMI Sst1''
reported by the COMMITTEE '''' - tho
An act to amend an act entitled "An act to aid the
RHe Of s Pas snS aS line from the
government the use Of the same for postal military and
and the In the ae s
: : =
the Union Earoaa Company and against s
has u 5ses ssea il
money who have dividend or other 9th
w Of the capital stock Of said road
aTay and contrary 70 equity who have
%Sss s.oS ssSss iss's
under greses having Complied with q The sH acts y
& az ne states snS . si
compel payment Tor said stock, and the collection and
8 4 az nS States whichever shall equity Be held
suit srSa: in The G.cqs Court
ga one Of % @ w
the other parties lies The Court When said cause pend.
aa To- S IN Se. ss
@ es he Of s n 70
Pin % and may b usd y ,sS
into any district and shall be served other like
process BY the Marshal OF such district which prop
ery. real or personal may be attached TO abide the
event OF the suit as like property may be attached
writ issuing from the Circuit Court such district
SEC 3-The books, records, correspondence and all
shah at all times be open 10 inspection by the secretary
the Treasury or such person as he may delegate for
that purpose. ~ ~ a--A ~ NtL1 7lll-
Sac AThe laws OF the United States providing for pro.
ceedngs bankruptcy shall not be held 10 apply TO said
SIC. Ne dividend shan hereafter be made BY said
company but rom the actual net earnings thereof and
no new stock shall be issued or pledge made
out leave OF Congress except for the purpose funding
OF securing the debs now existing or the renewals
Sac; &ENo director officer OF said road shan here.
aer be interested directly Indirectly in any
tnsrewish exceptfo hisiaw compensation said
Sac. 7-Any director or otacer who shall pay or de-
clare OF AID IN paying any dividend or creating any
mortgage or pledge prohibited by this act shall be pun
ne i'd by Imprisonment not exceeding two years. ana