New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-06-24

COMPANIES assent to- sac as an extension Of tine
domain Ii esr; satisfaction ,' o. the eisIm
There is another party who, following inc eaa OF tne
Attorney General ccnstue the cJntr;ct strictly against
the comanes and treat the claim ordinary debt
To be collected ut maturity and some even go so t rs
10 compulsory payments into sinking fund forth
wit.. The companies shonld he unable unwilling
TO pay at maturity ct The close %. tlis century o So
this latte. cannot legally he DONE for II would DC decar
ing that be due and payable presently which rae
courts have declared nct TO b. due aEG payable io ~
the companies are simply attempts t override TIE de-
Of the highest court The na:Ire OF THIS lon ven
ture tarnerr hip whatever il may he called, is co
gently summed up the language OF the judges OF the
! Supreme Court
chr 10 the Views .: nd2 as m~bers n debate nor
slider motives which iqrnsneed them 70 vote for or agsins.
,Sii + T. bc ssesrtans s or the anee
tory u he Sss Wien It Was Tassed and : sqnen
me- e R s Sy,.sas IA toe ~S = w Iii
IL TtsSn vs. rc%dsT s @h q are out.
of legislative notion. concerning grants to
70 the Sheh bundled Congress
s T q as d'iS Sr he s q the Pacific
states oWag 70 complications with Eng@5 ~ &c roe p
hc possessions feared i ri. sT09na
degree pfoes6e people occupy which
owes M e5ess y true me eSenea can
q making Suitable provision fcr Tho lntrrs Ins could DC
sSHs tho SS Sa s ss %oad
Of troops and sGppaes And i a. aOiniPs
Pasc sla aS a %Sa fe that tsa
ih Spsa 9r pG and vac us opinion
Il by nc certain Tho people not 9 nays s %
dtonal policy Of the country regng works OF internal
agirsct " eSseSi lon e Of the enterTrise
This enterprise yiwed az national undertaking Tor
to be pifd particular employed
iSrrr ere other reasons soivs producing
S 1Sn Tor is SH : 5s
tween Missouri and Sacramento Rivers which va
road for the transportation OF psrson ana pcpsry WIN It's
tSrrito; coals he deveiop Settlements settle
the n,icd states essentially decreased And there was also
tho pressing want IN tunes OF peace even OF ~ anu
pier for The Army and the Indians. -
TOOK % zeal Wild the subject q INC
in the Of building were graf, ana by many nteisent
Although fres people when resolved upon course Of
railroad miles len 9Th deserts acIos. mount ,ins
and through country ahs1ea BY Is,an. az c
time TO be abGd ard u Az v 81 t mPr
taSng after trial ~ sseat5 ms1'',S i eesi " Of
Zine money than considered possible No argunent
can be drawn r%m ne rasa' ih, ,s eo"s s . - TO
eNis a he iim anil no az can be syod IL 20, tus
witch protested turned oat not 70 Oe e'.sL INC sojoS
Of buding is road was not o9ncoiyed I1f . @ M
private capital ustiond work originating IN
The Toy Of The country ay nothing Of the supposed
T S Or into H. oSa Fands HyS Il It's we're not 49,
suggested that we're boet to enlist pr ysie
nnicTiooE 10 Go and he Inducements he'd 1T
y Nfs r si np "a prvIsnting these
70 r,GrI 70 s s .ee%rg q era Fd Sc
Ills true the pruht 30 neyidns Tor
tsin.d nor s rguisiic s enterprise bat this cons1
~. ., f0 b i' night hys beer ~ / tSc
collsraed company 70 hyan piya,e in!.rS,. ana e
would The pablo from TIE cyIeiin o. W. sne
theory promoted the enterprise TO adv aace ~, Own ier
entsrprse as means 10 ord-tc securing road which
could br used for sovcrnm "a urlo.,s y, %
ph purpose must GoIeId o. he true Inelhles OF ue
itself viewed In the hght Of co'eniT'neou his
tory.
Tire necessity sor a arrangements admitted on
both sides II some ground can be reached winch
Is mutually satisfactory. 1t appears that, considered
marcel, by the money repayments into the Treasury the
railroads falling behind the annual Interest ouuJ
something like S2OO0Ooo n year, and That large bal
arce OF debt png MP be paid between 1898 and 1900
between 600 and $4,000 o0O in the csse OF tie
two principal through line compancs) when II may DC
difficult or impossible for thc paw and which II NAV
be equally difficult impossible for the Government Ia
now taken the following share. These corr
psnIes say that 10 repay "Gfh an '''p pr,i1.
them collect vastly money from taise 40 u.s.
e i'a q e M NAV ave-, away al, the through
traic and defeat tho attempt They tn,rviot. sut
nit proposition 90 rcc0nycy the bnla 81 thr ulisiI
andsone-haf the whole grant "a the Unon Pacific and
teobrs that 70 the Central Pacific n desired
fh urrssnt price 81 the Government sections, ana
start sinking fund with the proee' and annual COO
;sibuous meet the indebtedness by or before 100
been amended In the senate 10 as ~
Rake p.lce lands 2 - In iae deDt due some -
ycsrr hence of equivalent value oi less han Il Per
acre cash down and several pertinent reasons are urged
why the Government would be In better position "ith
thu Lands than with tins doubtful claim alone
Two propositions have emanated from the House Com
mittee requiring The compulsory payments into
sinking fno addit, the present demands, whcta
before stated would only lead u great litigation aud lts
probable overthrow Ia the supreme Court aud Tn other
compromise ocer On par; ot the Government, fixing
the annual sum OF $3.50 be paid in instead OF the
present requirements aud invested ut xix pcr cent Unt
the principal and interest IA Cancelled watch would bc
In 1914 eItonson OF about 10 years tiie 10 inc
conpanics This tie companies understood to object
20 ns being no srge sum for them to undertake 10
In hafycaily In view Of the fact that they VIII soon
be required To replace their iron Falls With
strei and 20 renew their bridges and structures,
,ut probably will be called upon v suffer sharp cou
ercss butt under the immensely adyuntag'ous crcinl
stances Of chrape- labor and nGtcilhls no compared
with those prevailing after the var. There are other
able considerations urged, ouch as the t.ct tha
,rllc the county was a great gamer by the rapid GOA
ptruction OF the road, the companies were oscrr au ~
necessity incurred heavy dents which 10" absorb INC
greater part their and the "tber met that
the hon Is they agreed 20 receive IN 1857 wcrn theh
nearly or aute as good a. gold but the bonds they &c
tualy received in 1865 and sicrwri wero worth rom
so Ia - per n gold value, causing iurthcr IL
crease tholr otter dchts. IL would now, they conohJ
be great hardship 10 compel them - gay back esch
dollar deprecated currency principal ana interest IN
dollars : npfCacuing gold ysl..o. c. r..
hetc Tork, jane 81 1876.
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THE som SDIIHn