, 1875-12-03

le,lncB to 1F4ta. and it's fn:n depart tue s':3
Of wouds, or gather III tho kiya N chat or Nenrc,
UNION PACIFIC.
Tho Decision OF the Shprcnao C0strt.
ft.stsateh n Ser rork H,r,,.a.
WAsMtSnrox, u. e., !,ov. 49, Tho tenaaton
of the day in Washington Inns beeu tho re''d:r-
I'M, Of the ung expected tect. ion of tho Cntf'!
Statca HNpteitie GtHtt in Ills Enon PGcllc N4H-
roa,l canc, WHICH, a. Atsnrney.uonofaI licrr",ou*
Aad In LIS argument Tor tho bufcrnsuent, in-
solse7 Indirectly money co!ialcrntlon an'ofl'lt-
ing to a4JD, 0y0. 093. Your money rditur will tell
yoH iI,u the Hluek of tho Company finttnatc,l IA
Wall street IN rcnponsc 10 Tho derhIun OF thu
fnlIt. Notwithstanding that sofnetliuG or tho
effect upon tho ma'Get llat! hnen "diAcoI!nted
by the fulfilled expectation Of decision fasnra-
bio to tho Company. l'lit LLe scene in tl!o capitol
hero III worth 4 few words Of fdescrptiou: Aneaacr
aud hItio,ls crowd IT htMcuators. Wall street
agents lawyers. AMI Importers hhteEEd tlm
door 1f tic courtroom lsouptly nt tic hour OF
uoun, wl,en ihu nine Judges, In all the solemn
dignity Ut their robcs Of black silk, t}lol into
tlIeIr niun lufl,. backed chairs upon tho hiHl,
bencll. and lo0hod down up1n tho seMt-crcle of
lawsora In fr.,ns aitting IN the verr Hpola "liet'
Clavs and Wut,stcr'B olatury naUlto tho Gcl1es
| Of the claniLcr ul,cn it WAS tho Eenata oE sLe
| United Status. In tho fow mnutas preliminary
to the announcement OF tllo ti,st opiu'un
| tho Wall street opesators and agontB fnttiscly
| rau over their ciphcr-koYe, that they might
tuaao no snistake in tho nae4aagcs they wcro
10 flash to tue oxpoctaut speculatoes at tina Sow
York stock Exchange go lni!es AWAY. wheh tho
| bNtision for ur against the Khi1Toad Company
should bo announced. Tno reporters brushed
{ III, thefr power. Of memory, for they dared 10:
| lake noIcs. 1t is Que If tito rulen o: tho Su-
| premo Court that no ono rayo tho attorney or
o|cr4s may put pou or pencil to papnt ans ~heto
within its p1or.ncse. 1t length the sitst epspos,
| MS announced. 1lcads wcro thruAt forward
aud hands aere enrlod Abont earA IN the caPer-
uess to 'catcl, tho title. It wss aone Western
National Bank vcrsus delinquent debor, and
heala "ero drawn lack anu earn unt'unpeted
tha waiting crowd taking tho lnil.ct'oa heroic
ally. ..
| 1t tito fon1th opinion necka were craned for
| ward once moro, aud e!isnco like that of dcatl
fell upon tho r1onl when Judge DAyta Eald, II
ur1 assignod to road tho opinion in tho case Of
tho Cniau l'acitlo Roiiroai ys. tho United
s.ates." Tn went The rcndipg nmid docp still
.,eau. Wien the Judge had reached tho portion
debatos In ConGress, the strong point iA Attos-
hey. .(iener al poE1epontB htgnmont for the Gov
esnmont, hut would abide ls Tho exact language
Of tho statute aud lte e,tdont meaning, aud when
tccd by tho United Slater tho uoyern-
mont would never havo hesitated to
pay tho railroad tho full amount claimed,
1t was evident that tho decision wna
OF tho speoutators slipped out Of court OH ttptoc
and GO telborapae0 to Wall street,. Dnk otheH
doomed it satest to wait fur tho and Of the pa
| per, tho reading Of which took over hatt al
hour. At length, whoh tho fuat seuteuce WIT
read. "the JUDGMENT Of tho Court OF Claims Ii
affirmed" tue whole crowd Hcurr1ed out OF the
courtroom At the top Of their epued aud spet
down tho long aislts Of the Gupitul to the tcle
graph offices located in the south wing, wlenct
hundreds Of messages vcro dashed OF to Wal
street and to the ovnnlng preaa over tho eoun
try. Tho decision spplioa, Of course, to all tht
; Pacific railroatlB. although tho sult 10 tlIs in
stance was brought by Tie Union Pacific.
Tho effect Ia to keen the Government cut o
; about 100000 hnu the COMPOUND intcrca
there On for about twc,ty-three years, wllcn tl,t
nsg1cgaIo Of principal and iptercs.-tI,e latte
not componodcd- bo duo by the coa,pan!
: to the Ulited States III ono Gum. The origlpa
principal OF tho bouds Issued to the roads VA.
about eos. 0O0, o]0. which, with simple intorcbt a
per cent for thirty years, Hould mako the tosa
! Obligation Of tho Company at tho explratlon
lhrty yoarH $1SD, ,Uut. 600. As there IT, no pro
! vision for oompounlsug tin intoscst: the S1l
promo Court dccldulE tGat tho accrued iutereh
and principal are rn. nbe ono sutn At tho end .
, thirty years, tho United ssates will la7o TO les
! about go, 0o0, U0o meantime III tho way OF con,
pound 'nterest, and At tho aud OF tho thift
yeara have only second mortgage apnn u
, ful|road for the cnormoaa sum ol Sl8o,oo0 0ot
THIS calculation proceeds OIL tue suppoHto
. that tho Government w1fl not hare boon rem
D bursed by transportation hervices aono by tn
0 | ra.lrukd. ThcBo services havc heen on!r n frac
tion Of tho interest the bonds III, to this tllt
| hud would only atxJut 0nset tho c0n1pounllnE {
} Interest," so that tho estimhtc Of Whist tho RI!
j roads wlt! owe tho Government at tho cnu t
thirty years will provo not far frafn corroct-
EFFECT III WALL bTNECT.
0 .stlt lort H<raid, !sop. o..
i Az tlla onentnE hour Uhfod Pacific sold froel
al 7416 III Wall ssreet yesterday, until teiegrai
wha received from Washington atAting that til
: Uu,ted States Buprcmo Court had rendered a d.
ciBiou supporting tho Union Pacific In its clal:r
o for raymont for Government transportation
o Instantly Union Pacific became the stropg fel
: turB Of tho day on tho stock Exchange, and VI
!, til tho close Of tho board tho e1cstemoat Vt
!, nlock jumped on the receipt Of tho t]1
4 rurunr OF favorable lecfaion 10 7G'
( b!d, With 7asS eaked. Thu wirea ue'
crowded with 1nostionH to Wa.hinFte
t az to what tho 1eciSon wna the stock All
q | excl tentnt a. IpTeeAsnE every moulent t,n1
y near tue c1oao Of tho day, whom the facts cam
9 / verifying The most eang4tre hopes or rho bnll
j. Tue effect ii thih lee.slon rAs we'll knoMm {
!, The street. It e1voa tho Company hhont = .0oJ
:; casl eac. year in payn'opt for, GpyDfstne
i, walk. The docisinn places tue dlsldout1s OF Il
ii | Company On much hrmtr hnafa, &s mill no box
II by tho Htteet quotations. kparY every 9th
It lending stock rose III sytnrsthy With untS
b Pacific untt tho gong sounded at tho clos
., when Tho i lghoBt Jatts Of tho dkF wrtB tcgi
Il tered. uui1n Pacific stock rnn rapidly mp Il
Hat until n .. II. It closed at ihs bsst Hsnr
It tu.ing thn aay, 72'6. Tho honds fo'lowo
,. cio.lpE at lost5.
ia Amounting tho lsnay.
= Ds. L. G. Angel, who IL tnto,osted in Turki'
= ami Rutsinn bathH llaR contributed very inta
II entIng apcr to tho Medical Record, On II
70 | ntasirn n admitting tho b0dy with rDataratl