Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1876-04-26
Blaine'S Explanation.

which ara cxn1i,.it doni,1. Of the state
., o..,ir.+ Mr.
meh's when we nave 7'''
Blaine. He also made very 1uII drh'''
himself, and toll why he had not called
f.r., ;,,....i.,,,iun ,rof,.rrinq To- make
.,,. ;,,...ti,,,te
MS >l'I'Iiie'''' ANU nv ~
who desired. Mr.. Blame, after HNcl 4 loI'
denial. proceeded to 90 what folks will like
l:,, ,r,,. Lo,..,. f.r tn fcn his mind. and
.,,1;,,l, ,.,+ of hi
We -''' "'''' WV >''''' ''''''''7
speech IL,
Eot these reasons | have d'cln'd 'htt
tine -hort st and most 'NPdIilouS more OF
vindicaiion was the one winch was oo0'l"
t" choose by every c"n>ldrr'l"h 81 my
-c'f prr-onaIlv. ~ Il OF my ohlcfti rc!''li"i>'
have not omitted the testimony OF 4 SIN
Gle material witness to the transaction on
which the accusation against me Is bt>'d,
and. unless | ml>appr'hrnd the scope ana
force of the testimony 1t leaves no charge
against me In any ana All events am
ready to submit the whole matter to the
candid judgment OF the House ana couh-
try. and II the House thihk> lilr nlt"'I
should be fur,her ln41Hcd MO pr- |"
express my en- ne Il t"''l' - |" ~ 'I' ''l'
ASSISTANCE IN my ppArr Ia IN axe 'ne ili|e>
tlTlllon ~ thorough, ~ flTit. ;thu IL IN
partial rs possible.
|" owe Il seeming con I"I'"l'li'n 81 i'Ul
tHli'n /" Tie story Whirh nave az lfoNeu.
'hr H!'~lld IUll"f mas IlItlE HPl''leu III
several newspapers mat was me owner
IT lt"ln HlD"'o' 10 >-D'''" 'l 'ilc l-t' e
!'"ck ana E"i' >ni'll F'i'i"''i o'h"9'" me II
i receive" "l'no"' cor, H''t ''" ~, ANU '''''
Il was from l.''se 'ol''9 u1'.t l''"ilI'> a.
Ar"tt received MS S'J'""' lie >'tttiilch'
l. TrtuItou>iy ana utterly it>'' NO re-
| : onelbIc ;tltlloi appears III " Ii'i' loi
til' "nl"'ln"c" story; hut' III 'i>'h'9> ~ l.
"r7lrc To maze me i"Ilo" M eAi''iti'
Statement: More tll'i :" years 40 III
I I'll" closing days OF VII rliIih"lc ''''ill,' !
l>lrallon. NE government granted 10 ',f
>,'tr Oh Afh;th>'t> SONIC p"piIc ''A',> 1'ii'
IN It's own limits 10 he Apl 'ile' 10 llle con J.
>uuctloh 81 l'tiii o''0 III !ii'l SUI me
Legislature "f Arkansas lncoIl"ra'c'! lhe
Little l"cA ana fofl >lhilh f'nlroad com
Phy' the same year. ana gave l" l''e com,
l'thN 4 poltlo" Oh tilc l'"u> 1t HI" lct,'iH e"
rom 'he general governments TO "i'l III
the construction OF the road -;t"oHl '"P
acres 10 the hlllr, tilhh-pul th' com
/ panv WAS unable to r;tl>e any money Tor
the enterprise, though they made the mo>l
strenuous efforts, ana when the war bIoht
out III lsbl. 'l2ht Ee;us after The state lid
gwen The lands I" the company not Il mile
OF the road was bullt. OF course nothing
Wa, done during the war. After the W;u
all the grants OF lands previously made /
tie southern states were renewed IN cross
In the session OF lobo-6. the Little R"ch
and Fort smith company AGAIN recclNcd i
grant from the state, and again tried tt
raise money TO build their road: lSGJ. l>tt
1867 passed without their getting u dollar
| finally. towards the close OF 1shN, 4 com
l'any Of Boston gentlemen. representing
considerable capital. undertook lis con
s.ruction In raising the requisite means
| they placed the bonds of the road in the
| New England market in the summer 0
l>59, Offering them on terms which SCENE,
very favorable to the purchaser. and offer
ing them at :. tine when investments O
this Kind were fatally popular. In com
mon with hundreds Of other people in New
/ England and other parts Of thc country.
! bought some of these bond,-not a very
large amount-pavinr for them 1T precise
/ " the same rate others paid | never
/ heard. and DO Rot believe that the Little
Rock company, which | know i control
led by hirhlv honorable men. ever }1rtr,
With a bond to any person cAccpt ut til,
regular price fixed for their Sal, The IN
terpri>r though Apparently very promis
/ inr proved un>uccc>~fui ~ did 50 MANY
similar projects tt tie time. | los, INC
! considerable sum of over 10000 hv nay
| investment, and | presume New Enul,no
made "a net loss of - GOO 600 in c0nrl,.t.
| in,r that road i'm Arkansas. 4, She has ln,
over 1nr hundred millions by similar Y, II.
lures. West and south. within 1h. las, /.
wears. In addition to my investment il
he bonds united with others in rai-in.
some money for the company when it me,
it, first financial tioublc. Proceedings ar,
now pending in The United States circui
cour in Arkansas To which | am Il party
of record. for the reimbursement OF til,
money so advanced. AL the bonds | even
purchased | continued to hold. AMI. Whcr
tn" company was organized III - +, cX
changed them tor stock and bonds in in,
new concern, which still own.
My whole connection with the ro:,d ha.
been OPP II ~ the day. 1t there had been
anIthIny To conceal aboH IT, shout,
never HAY" touched 1t. Wherever conceal
mtnt i "rSll able. ''V"iH.'n' Z l. act I~Ih!r
ANA e" not Know any h",t'r test 10 appN
TO the honor an. turnr>> oi Il hH~in">
u;.i-;" TON ~ 10 the question "t pro
Prey lhNoN!u III H'h"rr> 81 "n@rr>
hol HHT an investment OF MS Kind. !
must H' remembered that the lands Wcr
9fantrd 20 the STATE OF Arkansas. and no
|" the iAlIlotu company and that tie com
FAny derived IL HE, franchise AMI Y;tlu,
wholly from the >;at'' and 10 the stare tn
company IS "hch'he an" ansW"r"bI", an'
not IN any sense TO congress. Since
purchased the honds but one act OF Con
yreSs has passed IN any way touching lh
SUBJECT. and that WAS merely to rcctitv
previous mistake III legislation.
l take 1t that, when any security, from
government bonds to town scrip, is otf-rr'
at public sale to any one who can pay 70
1t, every American citizen is free to bay
II you exclude L representative from tn
investment on the ground that, in SOM
secondary or remote way. the Legislation
OF ohTfcss had affected OF may atlrc