Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1875-02-18
Sapyv;lle 5oanai,
KsoxvILLE. FEBRUARY Is, 1878
T.Ie Newest subsidy.
tsidtc Journal.

Estate Journal.
We publish to-day in another
place. the first chapter in the Texas
Pacific Railroad Job" that is about
to ~ crowded on the attention OF
Congress, under the plausible plea Of
asking aid for "internal improve
Inrnis." This moDstrous scheme ~
nothing less than proposal to the
nation 10 guarantee the interest on
railroad bonds to the amount OF
$1,000 per mile, for the benefit OF a
construction company organized on
the plan Of the Infamous Credit Mo-
bilier, 1t is estimated that The cost
or constructing the Texas Pacific
road will be about $4,000 per mile.
The length Of The road is about ] 700
miles. The construction company
has a contract with the railroad COM
pany by which it is to receive sac, 900
per mile for building the road, leav-
ing the patriotic individuals who
make up this company, the snug 1T
tie profit of $34,000,000 But as the
stock of the company at present Is
worth but 20 cents on the dollar, ev-
cry sane man is aware that the ROAD
can never pay the interest on the
bonds. Tom. Scott, Gen. Dodge IL
Co., modestly ask Congress to rob
the people Of the country OF money
enough to step In and relieve the
company Of its embarrassment by
guaranteeing the payment Of the in
tprest on bonds to an amount equal
to double the cost Of building the en-
tire line Of railroad. Every school
hoy knows that guaranteeing in this
case means paying, so that the
proposition Is for Congress to appro-
pirate enough Of the peoples money
to enable Tom. Scott, Gen. Dodge
and their friends who are in the ring
To put $3i ,OO0,0 in their individual
pockets over and above full payment
OF the entire cost Of building the
road, as a reward for their public
spirit, enterprise and honesty.
The only feature Of this gigantic
scheme that seems to Immediately
interest Iowa and her citizens at This
stage of the enterprise, Is the glad
ti1ings coming over the wires that
"the lost is found" More than n
year ago one of its distinguished cit
liens was summoned to the National
Capital to tell what he knew about
the Credit Mobilier corruption fund.
He was at that time supposed to be
somewhere in Texas, acting as Chief
Engineer in locating this same Tex
as Pacific road. He at once proceed
ed to place Hub. Hoxie in charge OF
his interests and business, and start
cd for Washington by the way OF
Arizona; but becoming bewildered
In the mountain ranges Of that IN
hospitable region he disappeared,
and was lost to his friends, his State,
and his country.
Like little Charlie Ross, his name
would occasionally fit before the
public, and the thought or hi>
strange and mysterious fate would
awaken new interest, and revive the
dpspairing hope Of friends that he
might be rescued from his captors.
What Pinkerton with his veteran
detective corps could not accomplish
Iom. Scott with his gigantic subsidy
brigade has surpassed. AS the first
sniff Of $3i,000,0 900 was wafted west
ward on the early morning breeze
that fans the mountain ranges, the
little General who once ratified
around in a Congressional seat steps
brislly to the front and volunteers
10 lead this newest raid on the Ma
tional treasury. /" The lost is found"
Weshall keep our readers posted
a. this grand swindle advances in
developments, and IN the meantime
il might be matter Of interest to
watch the railroad organs, AS we'll rs
Senators and Representatives IN Con-
gress.