New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-25


TO the United States debt, for IL gives them addlIoha
security; t IL in other respects fayOrabet0 tine roas
when In any one year IS per cent OF the net earnings
will not be sufficient all the operating expenses
mpv he made in no event will more than 25 per cent
be required for that year; neither rom Ihe
bort he said shows that the companies pay all the
interest 10 both preferred and inferior cred1rs anu ~
than any other railroad in the United States they nave
little floating debt, and things now go win them they
will be richer In money, mines and franchises tian Any
railroads or corporations ever constituted; the llth
section gives more time In case OF ueIauIl, 70 anr
good their payments and is not harsh proceeding nor
lliberal in regard TO ret earnings u Is NOT afa
sinking fund prescribed by section OF the Act OF
1862 not a dollar due the Government mas Deth pau
this bin does NOT compel payment might; 1t compes
the net prodts-not defined by the companies but as
all know IL means-tO be ald away III sihhhE ,
security, that i'll 1898, the means shall De reag
uaons insolvency other hazards with which the lew
Drooerties Mr. Cox claimed that no impartial man. or
good lawyer, honest judge can doubt t9r m9nlen
England has compelled the repeal OF charters IN the pub
lie interests Massachusetts ONO ana oer Siates m
substantially reserved that power we au ilo se H
banking law; and In 1870 we exercised the eA,
without saving "by your leave to the banks no one
doubt who reads the decisions quoted on pages "
10 and IL OF the Senate Report the principle mat one
Congress cannot limit the constitutional power OF IA SUD
Mr. HARTRfDGE Dem.. Cal also supported the bill
Mr. PHILLIPS rep, Kan.l also opposed the reference
of the bill, and advocated ls immediate passage. ne
which would not cripple the companies. -. ,....u
Mr. GARFIELD diep., ohol was anxious 70 Know tNS
pressure OF the courts and TO accomplish its Object IN
all previous legislation the same subject the Govern
meht had been Invariably beaten before The courts.
Mr. COX replied that the bin had been drawn
by eminent lawyer IN the Senate, and hhd re-
ccivtd the approval OF an GxJndge OF the Supreme
Court They thought that the Dill would hOd water VI
any court and be would not his Judgment against
MT. PRICE Gep., Iowa) said that IT. ne was called
upon to vote the bill in its present shape, ne would
for it, but with regret because lie Thought 1t ought
to be considered ny the Judiciary Committee. ne
undertook to say, without fear OF successful
uOn that the fourth and hiJh sections Of the b coma
1S 10 lT t 6or for inst srb liigtion
had already taken place IN the courts in regard 10
those corporations.
BUTLER CRrTICIsEs cox AND THE BILL.
Mr. BUTLER rep, Mass.) remarked: l will add my
prediction TO that OF the gentleman from Iowa, that
the bill will not hold water. The man who drew
it was fearful that 1t would not hold water
II Judge, would say: " The Legislative and
Judicial Departments Of the Government are independ
emit and you cannot egsate what snail do or what
bauchod the Supreme Court FAR below what believe II
is and ought to be, and ever has been the Court VIII
not cgsate so; for you II Is Ter tdcere for us II Is tI
dcsre Make the law, ana shall determine under ne
Constitution what 30 Is" Bat that - not the question
now. You will remember that I stood here short
.img aE2 one OF an Tycr%felI ,hnB romonrtl
maturity then inst at r. las sclIci il now and they
would not hear to a single amendment 10 that bill
yru rushed Ike sheep over wall without any leader
Cfor they had eldcr rushed 10 pass that silver bill,
your lips" and It not worth, Tor rue purpose Tor
IIr gentleman from NewYork Nir. Coxl who is now SO
anxious 10 pas hs oil without WORD being SaheSctpt
ne has written AMI printed 10 be said, kept this
Whole House al day Yesterday dn arguing bh AFTER
was passed. kicking dead horse and his thesis was he
danger oi passing bdI lhNOIvg St,OVuVOp "luou, as
bate; and yet he tells that tins 5ui involves rljOOOO
900, aud are debate Ii at a-or an hours de-
bate II nothing. Now, venture To ray, auG put u 10
the conscience OF every man oil YOU Iai i'tIc isn't
81 VINO knows what Is IN the bill that you are
Mr. MORRISON Dem, nl)-You are mistaken about
Mr. HUILER-I anu quito certain that none OF YOU old
gentlemen rpon your eyes I'D rcaClS written documents
much altered lrom the printed blL ! ask no man to
acc n,r ~, @ iny rad tP long BIZ There
may one, two. three OF yOu vino have done SO
bui -uould be wiling TO bee stoned ny every one who
viii r and aver up0n your honor that you have read
the bill now upon the Speakers table lLaughterI
should be about the safest man IL tbe House =,
MI CnlITENDEN Uicp. y. I.I-lou have all tho
bricks Ia your hat. Laughter.
Mr LUILER-Preclscy 80 There are no bricks Ia my
nat TO he torown At 9ny body N9T AK yGa To- pa o
sinking fund bin loeleye ~ deauns WIN MS question:,
believe IN the right Of the House ana 9f congress To
but that this iii Ia WITHIN those limits But was
amazed; nay. WAS more than amazei was sho,htu,
Nrw-York Cir CoN)-who-c attention want 70
call To this and pray hIm not t. leave the hal speak
that they involved SlOOOO0OO tAc result Of the Wild
justice OF the p"'r' God hep w. go you .'dnlossinS
nnuncrl vote that now, gcntemcni DO yon vote that
DO you follow lead DO you say mat strike wlch
was organized by tram hands and was carried out to
murde upne death. robbery, arson and Destruction
Mia ricc Of The people or that The act was spolia
ton and robbcry do not agree 10 another thing that
that gentleman saws lie says that Congress has right
proceed 10 the conscaon OF this railroad prop
,rly Nobod, property Is safe unacr sncn an lntcrnss
ton without 10, consideration by the proper committee
Nj DICKEY Dem, Ohu)-Afc YOU IN tiNur ut some
measure requiring the settlement Of the Indebtedness Of
these GoiamnieSi
Mr. DICKEY-.Docs rot the gentleman believe that
these companies VIII hugatc any measure that congress
may pas and vii they not hight Us III every ehoIt To
Mr. BUTLER-That question, when resolved into its
roads belong Iomrn, and selfish m,ni do
Mr. DICKLY-SO that any action by Congress will be
ltigated by them and defeated, II possible.
Mr. BUiLER-If you had seen CAS- they have seem
Congress pass year after year laws which, whenever
brought the supreme decarcdt to be
ter nulltcs you would be ENCOURAGED to Keep on IN lit
millions OF property, without even referring 1t for re-
vision Ia poor committee ms have the honor to be
on then should advise those companies. II they nsked
my OPINION to lltigate it, l should say to them We
never considered that bill; nobody In the House knew
anything about 1t; there were not ten lawyers in the
House WHO had read the hill the time they voted
It, aud they knew nothing about It; and when the
can deal with this law because it passed without de-
bate IL was passed without examination Ivy any COM
mtcc OF the HouS ana we therefore are al liberty
10 judgment urOn IT," Now say: DO
you want TO vote wild justice" and "condsca.
lion u these railroad companies open TO that
DO you expect anybody 10 pay money that Is not due,
Is not duet You they shall now pry II in. You
can say that hut will tell You what want want, II
possible to have sucn bill passed thar you cannot trot
a coach and four through In double harness That is the
kind OF a bill want. Where II the old Democratic cry
for the independence Of the House. and against the prop
rrty body Of the senatci Why you lie down before the
Senate land Republican Senate, tOOD liked whipped
spanels whenever the Senate passes bill The Senate
sent you silver Bill, and You gobbed II ~ duck
would a frog. Loud laughter. The Senate sent you a
Funding Bill and jump a. 1t a. YOU would at the
dictates Of yoqr candidate for the Presidency
Mr., BUTLER cOntInued-NOw want to say word
alb Pacific
of Gratitude, IL 1t should Tomorrow with
moi In has ed 1 that q the