The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1878-02-01
NUMBER 81.

more mon Y Va ue into the road from their
own morig gage b,nds than Col. SCOTS party
would out of their bonds indorsed by the
/ Government, and 10 tu'd the road within
! five or SIX years. He said he would not
make this Off If he had rot fir>: satisfied
/ himself that re would be met 1T or near the
Rlo Granfe hT the Texas roads which are
now detri red fium action hy fear that Con-
gresS might after all grant the national
err dit 10 iriure their property. He also
| Offered u amend the bill row in the COM
mlttee So IS o allow the same supervisors
ana restrictions : 10 cons ructiou and rates
by Congress ever the southern Pacific be-
tween Its eastern terminus aud the Texas
frontier. and the several ports in Southern
California as are contained in the Texas
Pacific bill so as 10 place the two offers on
an equality.
Except that the former asks for no flnan-
cial aid, while the latter asks an endowment
Mt the rate of S25 600 and $3.50 900 per mile.
He claimed that the Southern Pacific route
across California, between Yuma and Los
Angeles, was not only the best as to
grades, but also more directly in the line of
through travel and traffic, and could be
mace TO answer equally well to San Diego,
as a branch line was now within ninety
miles of that harbor. He then referred TO
the allegations If the excessive cost of the 74O
miles of the Southern Pacific Road in Cali
tornla, claiming that the grading OF l35 miles
OF the road north of San Fernando had
Texas Pacific road for which the Texas
Construction Company had contract to
receive $4,000 Il mile in bonds and stock or
1--WE dollars for each dollar put into the road
in cash. He challenged comparison of the
cost OF work on the Southern Pacific with it
ofany OF Col. Scott's other roads, mentioning
the Baltimore and Potomac at 100000 per
mile; the Northern Central at Sl44 900 per
mile; the Allegheny Valley at Sl25 600 per
mile and the Pennsylvania Central at $780,
600 per mile OF main line or 100000 per
mile for main line and branches: or he
would be willing 70 compare any financial
arrangement with that of Col. Scott in
payment of S3,0O0,00O annual lease money
for ninety mile road and dependencies
between Philadelphia aud New York,
capital value of s5O,0O0,O0O for a
monopoly when competing line could
have been carried through for 100000 per
mile. Mr. Huntington thea said that of
all men with whom to entrust competition
for the benefit of the people Thos. A. Scott
was the last. The same man WHO alternates
his trips TO Washington to promise compe-
ting roads out o the Treasury with trips to
New ork to patch up treaties To prevent
cOmpetion over roads where there are more
people and more tonnage passed in one day
than acroSS the Cont nent in twelve
months. The same men who for months re-
sisted the efforts of competing company
to cross his tracks at Hopewell, in New Jer-
sey, and who had torn up repeatedly the
tracks OF road west of Pittsburg, and who
compelled an oil pipe line to break its con-
nectioDs with his road, and cart their oil
over it, any who was opposing the free
oil pipe bill at Harrisburg, was an amazing
champion of railroad competition. His
whole life had been one long effort at COM
bination, rings and pools, and he never re-
sorted to competition except when it
was for the good of Scott. Whenever he
connection of the Central Pacific with the
Southern Pacific, and the charge that the
! floating debt reported TO the State Commis-
sioners be read from the same report To
! show that there were deductions to be made
! from the figures given of more than $l0,-
/ 100000, represented by cash bills and bills
| receivable, materials not in the shops and
! Instruments not of a permananent charac-
| ter He then read triegrams from the
| Treasurer of the Central Pacific Company
| stating that the floating debt, after deduct
| ing cash on hand, January l, 1878, was ST.
| Isl 900, and one from the Treasurer of the
| could do better by combining, the people
might take their chances. He further stat
ed that he had reason to believe that both
! Memphis and Nicksbuge had been promis-
ed by Scott the eastern terminus of the
| Texas Pacific road, but was satisfied both
places would be disappointed in the result
If that bill became a lawHthe Southern Pa
cfic wanted the shortest road to the cotton
ports so as to be able to carry the crude sill
yer ore of California and Ariz ma to the
| ships whence they would be taken ut low
| freightS to Europe. In answer TO certain
statements made on The other side as to the
| Southern Pacific Com pany. showing a bal
OF of a floating debt OF s. 100000, which was
mainly due to contractors, and that the
Company had rails and ties sufficient to lay
the track to Marcepa Wells, on hand and on
the way, and would be prepared to put ), 900
men at work at once, if Congress will give
the signal TO do so. The argument willie be
continued and concluded tomorrow, when
when the extension of time OF the Northern
Pacific lane grant will come up.
WASHINGTON NOTES.
WASHINGTON, Jan. 31-Tremendous snow
storm-ten inches at Columbus, Ohio
lines slow and markets behind.
The committee reported favorably on
| Wickersham for Postmaster at Mobile, and
Lewisf or naval officer at New Orleans. The
weather continues inclement. Some commit
tee rooms are partially flooded and general
business is iInpeded by almost i'm passible
streets.
The State Department has official infor-
nation that the Turkish blockade is extend
ed to the port of Durozzo, on the Adriatic
PROBABILITIES.
} WASHINGTON, Jan. 3l.-For the West
Gulf States warmer. clear or partly cloudy
weather followed by increasing cloudiness
and rain areas southerly winds and fall ~
barometer, followed in Texas by rising
barometer and colder northerly winds.