The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-04
GENERAL WASHINGTON DISPATCHES

SENEGAL WASHINGTON DISPATCHES
wAsnISoros, April ., ls7d
TIE CENTRAL PACIFIC RAILROAD PROPOSE
TIoN-suBsTANcE or THE BILL
The bill introduced to-day by Senator Edmunds to
sinking fund for the liquidation Of government
bonds advanced TO the Central Pacific Railroad Com
pany embodies proposition submitted to him NJ chair
man Of tho Judiciary Committee by Vice President
Huntington In behalf Of that company substantially
follows:-
The company is to convey and release TO tho United
States all the unsod lands hitherto granted 70 Il In the
State Of Nevada and in Utah Territory and the sscie
tary Of The Treasury thereupon place to the credit
Of sinking fund for tho company the value OF those
lands computed at 81 50 per Tho company will
also pay the Treasury for Of this the
proceeds OF any such lands hitherto sold by to the
extent of the excess It may have received over and
above 81 so pcr and the OF surveying. rho
third section OF the bill directs tho Secretary OF
tho Treasury 10 carry TO the credit OF this sinking
fund all amounts due tho company for government
transportation up 10 the LIST day Of last January,
which If not amounting at said date 70 81, 900, 900
shall DO made up TO that sum by the company. The
fourth section requires tho company 70 pay semian
nually into the United States Treasury such In
money or in any United States bonds securities at
vIded, DO sufficient when added to the other to
the credit or said sinking fund to pay on tho govern
ment subsidy bonds with per interest thereon
from their respective dates up maturity Interest
all placed TO the credit or said sinking fnnd
must be credited and added thereto semiannualIy at
tho rate OF six per cent per annum. The payments
thus made in lieu Of all payments other require
n,ents from the Central Pacific Railroad Company
under any act Of Congress in relation TO the rem-
bursement TO the Of the bonds issued 70 It
and 10 the Western Pacific Railroad.
THE EMMA MINE INSTRUMENTATION 81
vERELY oATKcHIzED.
The cross-examination Of James L. Lyon was con-
tnued before the Committee OF Foreign Affairs to-day
he desired to make an explanation concerning his
testimony Saturday. Instead OF visiting Salt Lake
in the spring OF 1890 about the LIST OF September
the last Of August subsequent TO the preliminary
examination before Judge Brady, which was in July,
1870 therefore he did know tho value OF the mine
until he visited Salt Lake. and the working Of the
lode In which be previously claimed an interest This
explanation, no said made his testimony perfectly
consistent
Saturday they had communicated with Salt Lake
and received telegram in reply that Lyon arrived
there the ed OF Nay, 1870. Mr.. Chittenden asked
whether this information was correct
Mr.. Lyon answered that he had telegrsphed 70 the
st. Nicholas Hotel 70 the time he left there 60
Salt Lake. and informed that IL the l1th day
or August
Mr. Chittenden-Have you any recollection that you
arrived a. Salt Lake or about the ed day OF May
1907 A do not know.
Q Then you will not answer that you were In Salt
Lake carly as May, ls70s A. think was there In
the spring, but do not know positively
Mr. Lyon, In the course OF the cross examination,
was Intercepted length about what he had hereto
fore stated concerning transactions in Emma mine
shares In London by General Schenck Park others
Ho believed the Emma mine business was fraud on
tho British public but he took NO means to inform
them OF the fact, rs that was not his business
Q Did you swear before this committee that Park
told you Of his giving shares anything else 70
General Schenck to induce him to become oncially
ISOLATED With the Emma Nine Company A. l nevor
sated that Park said TO that no had given schencx
shares to become director; do not think no used
that language TO me-
O Did you at any timc have Q conversation with
Park and, II So when, tho subject OF tho arrange-
ment" with Schencks You having testified before
the New York Court that Stewart told you that such an
arrangement had been and your answer then was
"No sir; l don't think had" Do you repeat that
answer nows A. have recollection OF his telling
plainly.
Mr.. Chittcnden asked M. LYON who had referred to
conversations with Colonel Baxter, whether he ever
had one word Of with Baxter IN his life
Mr.. Lyon replied he had had more than
ton with him. On ono occasion Il about the
patent Of the Emma mine. He wanted to know Of Nr.
Chittenden what the "catch" or strick" was Mr..
Chittendcn replied the patent was there. Mr..
Lyon said no believed he saw IL there. He called TO
satisfy his curiosity as TO the way the orc carried
out Mr. chittenden asked Lyon whether any other
person than himself present when Park alleged
spoke TO him adversely OF the Emma mino Mr. Lyon
answered he believed that both Stewart and Park
present when tho question about satisfying tho
English shareholders why taken out Of the
mine. Stewart, that occasion, said they could
represent work could be during tho
winter on account OF heavy SHOWS and that there
money enough In hand 10 pay dividends for seven
months Park intended to sell out ON the strength OF
that
q Did you not positively swear in New York that
present during that conversation but Mr.
Park and yourself A. believe both Park and
Stewart present. but four years having passed l
could not be certain.
Tho cross-cxamination was further continued and
ended.
T. J. Hiliycr. who was attorney with ex-
Senator Stewart for Mr.. Lyon In his litga-
tion concerning tho Emma mine in the spring Of
1871, was examined by Mr. Phelps, aud testified that
when IN Utah tho more they learned about tho mne
the they became convinced OF its value up to tho
time tho stock placed tho English market
When Stewart wrote letter 10 Mr.. Lyon saying that
In certain contingency they would be lighting for
worked-out mine no did not, Lyon interpreted It,
moan that ths mine was worked out
The committee adjourned TIL tomorrow.
THE PROPOSED TRANSFER OF THE INDIAN BU-
REAU.
Tho House Committee on Military Affairs unani-
mousy adopted the report this morning transferring
the Indian Bureau from tho Interior Department 10
the War Department