The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-12-21

he issued for the construction OF the road,
while AZ is asserted that the United states
VIII be fully secured from loss nv n mort
gage upon the road bed, aud upon lands
heretofore granted by the United states.
What that security would really be worth
we will not now discuss; we merely wish
to call attention to what the guarantee
would pledge tho Government to do. Tho
most reasonable estimate of the cost of
construction il placed at over slO0. 600, 900,
and the interest which 1t is proposed that
the Govcrumen t should become responsible
for in the forty years which are to clnpse
before payment OF the bonds becomes due
would amount to over 5000, 900, or
double the original cost of the ROAD.
There is another important point TO be
thought of IN considering the modest de-
mand of Col. Score and his associates. A
company modelled upon the notorious
Credit Mobilicr has been organized under
the name Of the California and Texas
Construction Company whose mission II
is to build the road which II is proposed
that Congress shall compel the taxpayers
OF the country to pay for The histories
of the Credit Mobiier and OF the Contract
and Finance Company OF California show
what facilities such companies possess for
absorbing the proceeds of Government
subsidies. and should awaken the atten-
ton of Congressman to the possibilities
which the existence OF this construction
company creates Irofusc professions of
a disintcrcsted and patriotic desire to build
up the country should not blind Congress
to the ttct that, If the demands OF tn" Texas
Pacific Company should be ncceded to,
there is nothing to prevent the managers
Of the road from letting out To themselves
or tC their representatives, rs the con-
struotinn company, tue contracts for
building the road ut sucn extravigaut
prices M would enable them all to become
immensely rich from the forced contribu-
tons of an ovCr-taxel people.
The present House Of Representatives.
was elected upon the distinct issue of ecou-
omy and reform, and as an acknowledge
meut that the majority of its memb crs
accepted the responsibilities cntailed upon
them ~ this fact Mr.. HOLMAN, very soon
after Congress assembled last winter. in
fact even before the standing committees
were appointed, introduced the following
resolutions
90 hss IlN IN thc u l. ucut ~ this House 10 the
mcut in uHs.ules money bonds. publ" Ian l.. ~
d1r-e ts or h pleist of The pubic credl -huu be
grmtrd by uSress ~ A. ocatons ~ corp "a. ious
enterprises. and ttt 81 appropriations Tom fhg pubic
| Treasury ought Do be ] u.tvi AZ thls time To -ucn
am nits nAA .. shA De !uI -rAufeb demanded oy the
| public ice
This resolution was adopted by vote o.
~ to 80 aud the public Will expect tho
House to stand by its pledge thus publicly
given. regardless OF the special pleadings
or u committee opposed TO the principles
enumerated in Mr.. HOLMAN's resolution, OF
of the allurements OF the lobby. The
names of - Representatives are on record
O. opponents OF ali such schemes a, the
Texas Pacific job, and the people, who hav,
been fully enl ghtened AS TO the means
usually employed by greedy corporations
- overcome tho scruples OF Congressman
reluctant 20 opeu tn public treasury fOI
their benefit. will jralou-lv scrutinze the
course uf every member who may exhibit
n disposition to regulate his pledge 10 OPP
pose subsidies.
II is announced f"om Washington, ap-
parcutly 10y authority, that the passage #
the subsidy bill Will not be pressed az ones
10y lts Friends. TIN, may be accepted a.
toicrably sure inli alton that an effort vii
be- ml ie 10 rush it through at some unex
pc'ted moment before the present Con
grtss al jOurns.