The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-01-09
WASHINGTON.
Proposed Repeal of the Union Pa
cifo Railroad Charter.
THE SOUTHERN MEMBERS BARGAIN.
Concentration Of Naval Forces
at Port Royal.
FROM OUR SPECIAL CORRESPONDENT.

WASHINGTON, Jan. s. 1915.
THE UNION PACIFIC RAnRoAD-AN ATTEMPT
TO BRING THE CORPORATION TO A sKNsE OF
IT'S OBLIGATIONS.
The defeat OF the government In It's issue with the
Union Pacific Railroad when tried both in the Court OF
Claims and the Supreme Court has spurred all the par
ties interested 70 fresh measures for bringing this
grasping corporation 70 Of It's obligations In
the first place tho Secretary OF the Treasury is In
hurry TO pay the $500 900 awarded by the Court Of
Claims and confirmed due by the Supreme Court
until he is satisfied the road has paid up its indebt-
edness To the government account Of the five per
cent tax imposed upon its net earnings, and payment
OF which is refused the ground that the company
has had no net earnings since its Incorporation, sug
gesting the inference consequently that dividends have
been paid by sale OF lands In the next place the
agents Of the company have been work defeat all
proposed rival Pacific railroads. such the Texas and
Southern Pacific enterprises and this meanness has
drawn down upon the company the indignation Of the
Southern and Southwestern members who favor these
latter roads The opposition Of the several interests
antagonistc to the Union Pacific is united in
now maturing under the auspices OF of the lead
ing members OF the House proposing the repeal Of the
companys charter and forfeiture OF It's franchises
step in this direction taken the the other
day, when bill was introduced requiring an nvesti-
compel the company TO pay its interest TO the
government as fast It fell due but newer move
ment intends go further and demand the repeal of
the companys charter means OF securing the gov
eminent against tho loss OF the subsidy granted the
road Had the Supreme Court decided in favor OF the
government in the issue with the company this
punishment might not have been resored to- but the
obstinate determination OF the company to get and
keep all It can has aroused feeling Of indignation that
viii not be satisfied with less than effort deprive
II OF its franchises which well known TO have been
forfeited both by the Credit hober frauds and by tho
gross violation OF the provision OF the charter requiring
the stock 10 be paid for in money especially Con-
gress reserved the power to alter amend alter
peal the act creating the corporation and the Select
Committee OF the Forty second Congress on the Credit
Mobilier swinde did az that time report their opinion
that "tne facts would furnish ground for judgment Of
forfeiture OF all the franchises OF the corporation
GLIDING the principal franchise TO be corporation
proper process"
THE CENTENNIAL APPROPRIATION TO BE BAR
GAINED FoR-THE VOTE FOR THE SOUTHERN
PACIFIC RAILROAD AS AN EQUIVALENT.
ltsa general understanding in tho House TO
the Centennial bill that It Will have the support Of the
Southern members and hence DO of It's passage
the House provided nrst however that passage OF
the Southern Pacific Railroad bill shall be assured by
the pledged votes OF those who Interested in the
Centennial bill The South Is earnestly interested IN
securing the passage of the Southern Pacific Railroad
bill, as lie regarded IN the light Of peculiarly
Southern measure, and one which much OF the
future prosperity Of the South depends. 1t Is
threatened that unless assurance Is given that the
Southern Pacific bin shall be passed there is chance
OF the Centennial appropriation receiving the support
OF tie Southern members
A REPUBLICAN CATERER.
Freund, who was appointed to-day by the Committee
Public Buildings and Grounds of the House q It's
caterer in place Of Downing has been discovered to be
republican and measures are on foot to bring this
fact before the committee at It's session The fact
OF his election by the votes OF the republican members
Of the committee, with the aid Of two democrats after
the fortieth ballot is regarded here as good joke
democratic house