, 1875-02-11

HESr.
tsrttiai D,spateh to The Chicago Tribune.
WAau1Saruy, D. O., Feb 10.--Tho Union
Pacific Hairaad Company this afternoon sub
r1it.ed to the + ecretar7 Of tho Treasury formal
proposition ofsompromIse Of ali existing differ
cnces between that Company and the Govern
rnent~ Tho proposition is eopsainea II tbs fol-
lowing letter:
OFFICE or THE US,ox PACIFIC nAr1aoAn CourAnr,
eresary y ths 3;sasrpOs1a: Tho e.isting 'f. rels-.
t.ona Letwosu the Government and tue Union Paenc
katroad COMPANY are pura - bsza6: NEITHER party,
Government, In prosecution Of What It deaps 10 u
its just r,ehts' has instituted legal proceed.
ss u assa e IN md w: SsHsps a'rsn
aud those clans asus TO nntergo,or ayo already
uaderaonc. judi aal discrimination: Nothiug can be
tha appearance RI rcstrng lurt demand Of tho Gov
ethmcnt. TIN Directors, heaking for tho stockioll
er reeogns1e ana fully .pp1scias tho sso.t snd gen-
in their power TO reimburse tho 1oyeFnmsnt 40
advanced from the Sstiouai Treasury. Tbs Com.
pnny also feel keenly tho dsad fsptagc they In
cur both H. popular sssec co. sad , IN pesunlary r.
tor the and IT. their noet earnest desire
to do everything they can to establish auch rca.
lest SECURE the demands OF Government, aud, at
the time, promote the prosperity Of the Comra-
ny and ey ptonaostug ,he prosperity or ths Company:
their property. but auch exte1sioa Ut 70 rsea re-
sources, md fse,ht.sa 81 will most raa'J develop
tha great uattonRl domain which 1t trarersea for
thousand miles. And would respectfully csu your
Atteusinn 10 tho important fact that this great
donain cannot 10 dayrlurcd without increasing III ia
Of tho roa, and, in addition tnrreass tho Aea Of
ta1ab'o propsst - matter Of vital Importance to tue
,neut in tta terms aud by jul[cIl decision Ut tho
United States Circuit Court, cannot he enforced III
hs sy ,sa t hs ssstr1 ya'se IT,. n
are nuatingan ntercst account aso uncollect-
ahe until thc pr,ncrs IL dut. psincps! ehd snteEss.
ooo ss apa siosh i" s setua " liz
ossrn.neut VA only s2:J;.s12 For this very largo
sss 'unt nors, ss :c i h'' +. 0n, oxsa l.
sea seeumu1sfs Without Provlston hsins 'nads
10 snses It.. the compauy Will probably be utterly nna;
tsst ihs " viii be nsbe 10 soioct It Except
upon tia assumption that 1t will advance the ouey TO
discharge rsr mortgages kna run tho sesa % Coy
eousA eou'd not aasi:o b. t4naius .sil thsrssors,
Tho Company b.. :, load Of ieht aceusnu!atlug
s hsr tue ae to
tceuEe tust return for t& advances. To do nothing
il to tnJpre bolh the Government aud 1.-THE Company,
rsrt s of TO t Company III il ern po..
@ 1 ,a f. t. ' aus
Tho un1on r4csfo 1sarosA Company psoposssn IT. T. Iay
into tho Treasury Of tho United Hates f58o wv EeF
aud to contiuus the payncut for Twenty seaf4, aud
thereafter,, On ssch lss !sy Of Ju!y: ths ry; rsyy;t
sinking fund to the credit Of the Union paclhe lsait:
road Company, specially devoted 10 t4e extinction Of
reskond .s per cant ler aauun. lawful money, pay
abe aesnt-annua!ly, ard tbs kccsu!ns insrsst each
tatss M s '' ts s'Ff L: to er. t' s. % ' una
rac,hc Railroad Company, anA this aanua! payment
!, ill., unoa Iaeiae fa'iroad Company shall u coa
ao credit 81 tpe Company in the hanas Of tas ecre
tsry of tbs Treasury aa b equal t. tho full amount
Z IT. g r. .s: .a; ns %
S1GsSo b s4asi: sans*sa Sssa hs 'ps +,
s ms,,s.ss Tbs % aovsra%sat rselonsa at .nple IT,
toFest, !. which tins aid sinking fund sha bstr.n.
paymsut sn4 b. lu full discharge of I'll obligations
due from tho Company to eAs 1oFernment. Should
tht* suggestion meet your approval. sould rsspscs.
you 14y tie mattor lafora Congress With such
fsvos.bls Recommendation - yer sa ay ass,a
at!s ea III: u H. eoas ~ ~
lonoral'y to III obligations, enl Will tas couhaeut
hore that tho Government win accept Il ~ tas ye,y
agra to pay. IN addition . ts aae.tantis eompste,
aud aual 1etmb.F.eurns thus Proposed BY tas cona-
which has Deen ensc!ed by The construction Of lhs
Union ikciAc Natf1o1. 4AV ICF44tS CoAL " h4S duf.
cruulent for tha transportation Of troope. and Of
liz carry ng Of ths Uused Bt.es uas, aud Of Indian
suppie4 acrass these vast rains .nd oser the mouA-
tain ranges ssrF great, involving III outlay Ut
Is,aay 1ulons annually. Tbs 4srsics at ths rail-
rod company current rate Of charg.s II dons with
; saving to thu Treasury, according 10 the official
statement Of ths Executive Department, Of we'll nigh
{2oQ0 Goa aauually, to ray nothing of The sup4rior
s.fety, pEomptltule, eelerty, and cettainty With
wltr4 u accomplished 1udssd II y 10 easxgezshon
to a4y, Ii ths Government should fssret out Ill
bad s4rsuasd sa1sxa as eoaa.rustan sf III road,