The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1875-12-10

IVA mAAs Nss~ns ~pt4 y
t~ss~w NMAp4s NV frAi
1879 tMs~ssSts ~~et.
A~ts
Ws.asnssa~, tsvl as - fsv 4
re~tasl lM,~ssAass wss sssssa y a.
in ts4 s~rssMs seafta@thst u he
IN l'sssAs ssilssaA atwA ~ srI.sl
sseW sAs e~Mss VI slaims The ssast
s&l~~ MA estsN w nilfaai \ iaAa
meat n taiR. 6sV ~ asslHss he NJ,
II rsasss. Thu sasltwsA saei shs
rasstnmtnt ~ withholding ~ Insrt.
~ MN thrss hshaa. Aal ,Nss ~ y
vss ihv rkls~sa IAs~n.ian n rssakte's
shsa s,a ~ Eisen ~ thr rad lhe
.ailraaa ~ lined that \ ms NJ r.
4aissa II pay the ini~fes. arah ~
ls,nas until the rsiHeipal " ,ht hepds
|. due The ease " enc u x,ssse.
smraftane., ~ M ~ mess mea.s gat,,
,hss any either ever argued IN a .puts
II lAs. In The ou,set II biz atsuMsnt
vi to.say ths asscrns, general sail that
the enart's anal Judgment IN this sasr
viii drsrtNlne .he disposition u far
,nrre millIuna III ntonsy than ssst was
Jsle1n.lnsd ~ ~, sinxls ja,lFm.h. Le.
i,Ns, and tbs
~ Axp toltrtrM raSsEatKSeEs
which must follow will largai, eut.
weigh Alt the rscuinry considerations.
More than o2oO. 00O, 900 will bs taken
f,om The property II tho people hnl
transferred 70 chs pockets VI the s.sek.
l.ollers II these reAda II the eea,. AZ
i,rms the judgment below. The ra'l.
rad company Vas represented b, Mr.
Stpngltuu, of New York. and Judge
lia,t,c NJ lIcston. The argument VI
The entire cass did not occupy over
three huurs The attorney general y.
Tho outset apoke upward ~ m hour
aud 4 quarter, aud used Ahonl twenty
minutes ~ his closing argument Tn
Ivr Mr.. Pssrcpont's handling the case
va. mach sl,nplitisd liz only eun-
tsaisd qua point lie mid tho only
question In ths ease was whether tie
rallrps,l company was bound IL reim-
l,nrsv tho interest ~ tho same falls duo
~ n. bonds borrowed from the gos.
.rn,ncn,. Or whcthsr the company may
ppsspone tho payment u The IN. |
tersa'. which ths government ra,s
half yesrly. until ths maturity " tho
honI ~ thu md ~ ~ years. The
COUNSEL for tbs railroad dweit much |
up'ea the fact that ths uniou Pacific |
Nas.rnad 10
AsAfioxAl xSrxwrniss.
sasl IL its support the leopls we're
willing IL be taxed, Mr.. pierepont
In his argument. IN the plaiue.t u
plain language. related tho hiatpry ~
the rosL. IL saA tho first eha,tor
wss .b'Aiprd ~ Walter =. lturgss, |
Han II Chssvsr, ana Hen holiday,
With Tie s.ls enh " pyiyAss gain. II
thu rili VI their valuable franchise MAS
4sl.lel A prinsipalisy " lands The s.elu.
sivs right 10 oil the vast business Of tbs
government without ths slightest DIS
ensnt from individual rates. hesiJss
sans IT,. Oir, COO I'm government
l,a,lds. MIRO tlsn enough 10 build ~.
e., mile n the road. lsnsing this ell.
estal power ord unimagin.tl Neal.,,
IN INV hands 81 : private corporation.
lasting monument 70 The lasill nd
corrupt snrichmsnt VI private irdivid-
usls - ths sxpsuss u tho publis. In
votufn The government only asked
IRA noftes9s on The road 10 secure
The bonds. In speaking u The aeti n
u TN years later. 10 Gays that. en-.
saldsnsd By past success, md using
msaas nov KNOWN VI oil men. this cor
yosation
INVADED AND susJuaArxD
the congress u tbs United ftates and
procured large additional privileges
and donations Mr.. pierrepont III
another part u Lis Argument. NlIuding
70 TN actioo ~ congress In 1878. u.
derine Tho ~ishhplAng 81 thu interest
said lhAt time developed sbe faat that
this great corporation aasa fraud upon
the rublic, and that the nation WAS
taxed 10 pay the corporate spoIiativn,
and shst IN 1879 congress swoto Il
the shame u tasing the people to en-.
rich private corporations Mr Pierre.
punt alsimsd In Tho main that the orig.
insl got u 1856. wss tho charter u
tho company, - II had bsen accepted
by the road, and oil the emLarfass.
nsnia crested BY tho arts Of itt4 or
le7l u.rs removed W tho repeal u
1914 liz sxpre,sly argued TINT The
eo,nlAny Wa private corporation IN
avery ssliss " The word. and that II
WAe slI uonsSnss ~ talk about the road
being y national enterprise, and its
propriutors being treated 10 special i'm.
muaities Section 4 u the Act NJ ls53
pro,iius for bringing suit y equity
against
RUS CORPORATE ABs0nHkn
IT pnb'ic property. l'y tho bill died
mud by tho public records. Il appears
that this corporation hus received it,n,
thu gt,v&rnmsnt besides the enormous
uranls ~ lands sui other properties.
irsnehl6s. snd privileges. 81 -. II.
In goStrnmsnss bo,sls; ~ Ustu, uUU n
iussrth paid tyS,Le gij.ernmeu, mi
mt rslnstnssedrf satisfied u nj, arr
iHes II thE company; that mortgage
e t.7 IN, 900, with Interest lasatle
init ,ratiy ~ y POI cent has htsa ru'
upon tie property - tie company aud
il,s prncards 70 lixrh; tI,st Il lahI efant
norixaee IL 9iO, l0o,nM vii ,n'.r-
". II I lar cent. payable Lal' yearly,
i.ss ~, L.rn made BIZ the Il ntaHs
and tI,e b.nds cid; that On reps |
lt0D. tho company is,Msl IL Londs
ral!aL Inc,ms bonds. 10 the amount II
Stu. DDtD, 900. With interest VI II, ref
......A - Ill. L4lE GnaNin. li.ai ihn