The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-03-14
THE TEYIS-PfCIFIC SUBSIDY.
MIR. Morrison Presenting the Minority Report
OF the House Committee.

WASHINGTON. March 10 r. Morrison,
from the Committee on Pacl' Railroads II the
House. submitted to-day m able minority re-
port on the TeXas-Pacnc Railroad bill. He in
sisis that the proposition 10 subsilizn that cor
poration is practically proposal To- make a Kit
Of the credit Of the Government to the indi-
vidun stockholders who ara - profit thereby.
The intcrasl guaranteed To- ho paid 10y the Gov
eminent on thr s3s.7jo 900 wouli. !: invested in
n sinking fund.- pay $500 600 900 81 the public
debt Thnre is no constitutional mower in Con-
gross To- appropriate the revenue of tue Govern
ment for the benefit Of priNdt" corporations. and
the arguments iti9ancrd IN suprlr; ri tho pro-
posed glt Of credit are entirely lhlla"ious. The
power To provide for tho genera de-! nee is un-
lues, TONED: but 1t nigh, a- we'll nr urs-'l ihat
Il AN 20 into p0iturrship wdh a STOCK rn,-'r
b''aus" horses may b" needed IN -" event ~
war. ~ ~ contend that II shuu! bun rnllrnu IL
n'nuse they may hr needed t"irinsi" II ir"op,.
The Government has the power - rrgulht"
foreign commerce and cumnerr- between IN"
States. but II does not follow that Il 'nay ru-
dorse the notes OF shipbullder or u merchant
TO promote the general welfare. Mr. Morrison
rr,r~ briefly To- the elaborate discuss ion 90 TINS
subject in Jacksons veto ~ the Maysvillr road
and Polk's last annual message and continues
Ms follows:
Among the statesmen Of earlier days If the republic
N, ,eli Vim he ,alcd statement OF tc historical ,rWth
anA wil not burden these, rage, with the bq1nt
msit be troa.ht to IT'S surreri Tie corporation
claim which enutc. it to exemption iroui the general
rsy Inn; n y"'s Hisa r la and ' Ts'q re
state. vast bonded subsidies II s nr u get back Ia
u,ufged never Wa. aud nes,r win lie HONESTLY admins
tered when We passed the limit, % c9nniionHl power
struc ton has become unlaplily familiar
Mr.. Morrison reminds the House TINT il has
already 10y solemn resolution declared that
there shall be no further Grant OF public lands.
or loaning Of the public credit IN any FORM. lie
also asserts that the hand granted by the State
OF Texas has been forfeited by the company.
and contends that the Government would he
paving dear for the lands IN me Ierrltores OF
New Mexico and Arizona and the state Of Cali
iOrnia to buy them back. rs IN" bili Proposed by
the majority of the committee FRA 1ically docs.
The rxpcrioncrthrGo yrrnmrnthas already had
in Substituting Pacific linllroads ought 10 satisfy
public Treasury "A number Of corporations. which
in return iOr our lil-rohsid'rrd bounty nhNr OPP
pressed the people and grown $" strong as 10
defy the Government. or 30 ri'h rs tocofrupt It's
itself mas failed TO withstand the corruplng in
furnces, of the Rrenl corporations II has ere
aied. There T. nothing IN tho history Of ~"
Texas Pacific Railroad Company which just-
ies the conclusion that it, methods and prac;
ticrs will he different from the methods and
practices of its predecessors. In conclusion
Mr. Morrison says that II Is ~ duy
ont whether The Tcxqs Pa"t'lr acau,red tnn
franchises and right of way il proposes To- mort
| gnge TO the GoNrtnmcni; 10 Hsc'IiAu hnM II sot
III l'nso - Texas, whether by grant from tho
STAT OF TcNa A. or ~ rnrStnss,f irom or eqAs9i,
| Haihoad Company. he rrirrs 10 the decision
| of the supreme Court OF the United States in
tue case OF Davis ~, Grey tlGth NaaIr, Hagc
203l. where II is mold tha, the Memphis. l.. paso
and Pacific WAS surviving 'url9rAtlon, with
all It's properly IN puSseselon nndAl lts Faculties
| unimlairnd. Tins franchise the Tryus PHclc
| proposes 10 mortgage 10 indenAify the Governs
inrilt tor its guarantee. Ii therefore becomes n
mat rial fact TO know whether II wns rver ne;
| quircd in either of the modes suegu Sted. ana
! whether II has not been forfeited. This ques-
| tion was not considered hy the committee, but
| Mr. Morrison thinks II ought To b. inquired into
| by the proper committee OF the House.