National Republican. (Washington City (D.C.)) 1872-1888, 1875-02-15
The UNION PACIFIC.


comments Of the fress'
The following extracts from o. rexehanges ma.
be accepted IS q reliable indie Ntlon Oh Puoil
opinion regarding the proposition fc1 sset6iemen
Of the differences existing betwegR / N"o'eln
ment and the Union Pacific Company
From the N. Y. Commercial dvsrtIs., y
The president Of the Union PacIHc ryA 'o az
has written letter to the Secretary of the 1tr =
ury for settlement Of the matter in dispute b
latter stands pledged for S27 600 OOO and is Sc.
cured only by second mortgage on the road At
maturity mat thirty years amer issue the Bonds,
road claims that none Of this is due until the
bonds mature, but the company propose to Yield
years, beginning with July of this year. Afoer
1895 the payment is to be increased to s75OOCe
II is further proposed that the money shall be
kept in the Treasury, as a sinking fund, to the
credit of the Union Pacific Company, and when
It is equal to the amount Of the mortgage. with
SIX per cent. simple interest added, the Govern
meut is to release the mortgages. Six per cent,
interest Is also to be allowed on the sums paid
into int the Treasury. The proposition seems to be
fair TO all concerned, and apparently meets with
favor at Washington. 1t ends doubtful contro-
xersy, secures q settlement. and puts money in
acceptance by the Go vernment.
From the N. Y. TlmesJ
The proposition OF the Union Pacific Railroad
company was Drought before the Cabinet to-day
BY Secretary Bristsw, and discussed at some
should endeayor to secure from the company
modification Of the proposition as to the amount
tobe paid annually, which the Government thinks
ought to be larger than $5O0, 900. Secretary Bis
tow viii ask the company to increase the amount
and If they ascede the proposition will be sent to
the company decline to increase the annual pay.
ment the Secretary will then consider further
in the fere aRe as made
tavOring 1t If no better terms can be Obtained but
that question is held under adyisement. The
security, and will have no security for the paw.
ment proposed BY the company, except its good
faith. An equitable compromise Is regarded as
desirable for both the Government and the com
From the New York Graphic.l
There is much to be said in favor OF the promo
sition Of Mr.. Dillon, the President of the Union
Pacific railroad, to settle. the somewhat compIi-
Gated accounts Of that road with the Government
$4,000 afterwards, until "the amount to The
credit OF the company in the hands of the Score
tary Of the Treasury shall be equal to the full
amount Of the Government mortgage reckoned at
simple interest to same date" 1t Will be recol-
lected that the Government advanced ri 2sS 80
towards the building of this road which was to
be paid by the year 1900, when 1t would amount
with accrued interest," to over 81, O0O, 900 and the
money cannot be required by the Government TIL
that time, 1t is a question whether the Govern
ment had better accept the proposal, and thus
leave the whole question open for future compli-
cations and efforts at adjustment. Certainly the
offer shows good disposition on the part Of the
a claim 1t has successfully resisted Is abundansly
able to resist the demands Of the Government till
the end of the century. And It would seem to be
much better for both the country and the road to
settle the question in dispute at once on some
such equitable basis as this proposed by Mr. Dill
Ion, than to keep 1t open for endless litig .on
quarter Of q century longer.
From New York Exchanged
Mr.. Sidney Dillon, president Of the Union Pa i
cfe railroad, has certainly written q very hand
some letter to Secretary Bristow, and eTinses q
sincere and honorable desire to compromise the
claims Of the Government by paying over to the