, 1875-02-03

u ulIy Ut lHu ASo IL WIN GouuueHlly i1TcQ1c{e
ed that ION Sco7r's subsidy scheme WAS like
iy 10 be reported favorably by the Senate
Committee md to pass TINT body. This san-
guinc anticipation was Suddenly nipped in
tho bud, it now appears, by the publication
in the New York Sun Of series of doc,1-
ments and letters relating to tie Memphis l.
Ell Paso Railroad. This wns the original of
devised by JouN 9. FnEMoyr, who pro-
posed both to got subsidies from Con-
gress mad to raise money on bonds in
Europe. The story of the European
adventure has already bocn told. It had
for denouement the sentence Of Gen
FREMONT to several years' incarceration for
obtaining money under false pretenses, passed
upon FREMONT IN eontumaeio since lo pre-
ferred to remain in this country rather than
60 to France to serve out the sentence Or con-
test its Justice. Se1eral Of Con. FnEMoNrs
colleagues in the Bchome arc now engaged in
carrying out the conclusions of French JUS
tico. The operations Of this corporation On
this sido Of the watcr now appear to have
baen Of similar nature to those Of tho Credit
Mobilier. Congress- was probably worked
upon in much the same manner, viz: by dis
tribution Of stock among members. Unfor-
tunatoly in the case of Credit bobilier the
nature of tho boast was not exposed until it
had mado all the havoc possible. The
railronl had boen constructed and the
Government credit had been pledged. The
exposure only served to show tho villiany Of
the scheme, and to hold up some of the
principal conspirators to public obloqny. But
the case will be reversed with Mr. SCOTT and
Texas Pacific. Here the raiders upon tho
Public Treasury will come before Congress
after having started out in the sa,ne way
Credit Mohilier started out. It is hardly to
Io expected, in the face Of such an exposure,
that the Senate Committee will rapport favor
ably to the subsidy now, even if they had
intended to do so; aud If they do the scheme
will not be sanctioned by the Senate itself.
In the House ttero il still another reason
why the Soorr subsidy will not receive mo-
jorlty vote. At least wo cannot SEQ how this
can happen unless largo number Of the
Representatives openly stultify themselves,
and also expose themselves to the strong sus-
pIcion Of bribery. Early in the present ses-
sion the following resolution, offered by Atr.
HOLMAN, Of Indiana, was passed by the
House
Rsso'red, TAAs In tho judgment OF this House. in
tbs present condition " tho financial natra Ut the
Government, no Substitutes III 1nonoy, bonds, publio
Iaaas or any pledge Of public credit, shuuld be
granted by Congress- to any assocstions corpora
tons engaged Or preparing 10 engage In public pri
vas enterprises and that all appropriations from tha
publiU Treasury ought to be limited ut this time to
such amounts only ~ ahsl b. tmpetatiysly required
by the public service.
The vote on this resolution was 149 yeas to
Is nays. Every Congressman who voted for
1t is morally pledged to his constituency md
tho country to oppose every subsidy scheme
which comea before Congress. There are 293
members Of tho House. II, therefore, every
| member were in his sent, and evory man
who voted against this resolution and every
man who failed to vote on 1t one way or the
other should be marshaled in favor OF the
Ton scorT subsidy, it could only receive l4a
votes, or several less than the requisite ma
jority. But, IS there waro only Is members
who dared to place themselves on record
| against the HOLMAN resolution, 1t il fair to
ass,l.ne that this is about tho proportion OF
the House which cares to fly in the face Of
public sentiment on this subsidy question.
II majority Of tie House has formally
declared all opposition to all snbsidies at the
present tine, what process Of reasoning can
bs adopted whiel, shall convince 1t that the
| most gigantic Of al raids upon Congress shall
be declared exceptional? We have shown III
previous articles TINT TON scorg's scheme ia
simply demand that Congress shall increasa
tsxoa by *1, 500, 600 per anuum aud the public
debt $1o0, 600, GOO in order TO enable hia
Credlt-AIobiler Construction Company Ia
divide about 100000, 600 Of plunder. l1r.
scoGT wants a guarantee OF $4,000 mile
for his railroad, anl, as it will only cost about
$20,o0o mile, be aud his Construction Com
pany propose to pockst the difference. Ihs
amount OF principal which the Government
IL asked to guarantee will be about $1eo.
900, 900 in ali, aud the amount Of interest,"
per cent on that amount for forty yoass-
$3.50. .0o0, 600 more, making In all grant
total Of e87o, ,ooo, 900.
No nambsr OF tho House 1t Represents