New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18


sell his constituency and TO his couutry al large IN
which depetcs the Treasury wAcn az that is de-
sired is attainablr without expense 30 the people
Profoundly DESTROYS for the speedy compile
ton OF his great entcrpris, ana believing tlSt We icc
upon the sa,ject, respectfully recommend ne pas
sage of iis bill. j. X. LUrrRLLIr
We concur substantially in the conclusions Of this re-
port. VI. W. RICE,
ADRIAN >. iEW1lE
ANTI-SUBSIDY VIEWS OF MR. MORRISON.
The Texas and Pacific Railway Company
seek to obtain guarantee of the United states for
the payment of the interest on S3S.750,oo0 o. my
year per cent bonds, TO be issued by slld railroad
company, and used by 1t An building and extending
railroad from Forth Worth. in Texas, TO the Pa
ciGc Ocean at san Diego. in California The road to
to be issued amount 10 S27G7S per mile and the
interest guaranteed 10 be paid by t4e United states,
used sinking fund and invested IN Government
bonds bearing thu same rate Of interest, would pay 500
100000 OF IA" public dcbt.
has Congress the power to authorize the Coveted
guaranteed II II has then power has been conferred
upon Congress TO make gifts o! The public moncvs ana
public property TO priyu' corporations ana indivdIas.
Has any such power been granted by ihe Constitution
or Is necessary to The execution OF ans power that Is
rms railroad when built will he the private property
OF he shareholders. IL viii be mi tary ana posi- road,
III tne she sclse, ana l. the sanc eA.nt' ahh none
other thai all other railroads Of he country over which
the Government may tr"n'porit Us mails troops, or sup
plies able comp atom military and post
roads II submitted that the power has not been con
partner IA such an enterprise 10y subscription 10 IT. cap
itl stock to Authorize the consl ruciou OF tie
road ont Of the Of the people TO DC made gt
10 the railroad company.
POwrR or CONGRESS IL 1nE PREMISES.
The attempt derive such power, the power 20 build
aud give away railroad from the power 70 establish
military post roads k ia the opinion OF the under
signed, attempt To IcrycE the obvious purpose OF
power intended for tie publ good 10 private ends The
United states are bound to provide for The general de-
100. nv
operate q railroad for the exclusive benefit OF private
corporation, because they may ultimately and IN some
possible contingency want 10 use Il for ritry pnr
pose any more than they may gO ini0 partnership with
stcckIascs because horses are necessary In war Inc
United states have power To regulate foreign commerce
ana @ ,, Ven "a, , ~ i i, @ ,,
chant way nulatiug and encouraging business.
The uod unable to perceive any distinction In
Irincrlc between these cases AID the demand ~ the
protectors OF THE rail DAD FOR loan OF The Government
credit the extent Of millions with which 10 pros
ecute "a private speculation
Prc,idcut jackson. III biz veto message o. thu May
yllle Road Bi, discussed the power ~ question aud
denied the rbt Of Congress M tire premises without
previous amendment - tae Constitution granting ths
power which, his opinion, r. afly reserved 1r The
instrument IL stood and now stni- 90 respect 10 this
power Pr,sIcu; Polk held The views and 'No,oI
large PAT Oi hs last annual message 10 this grave
question. Jen just csnuinS To assume dangerous pro-
portions The weight authority On favor OF 90, views
Of Pre- Jackson and rolk is overwhelming. Among
the statesmen Of ne caicr d"t of The Republic there
was nttc 10 difference OF opinion. content myself
with Tie naked statement Of the historical truth, ANA
VIII not burden thcac pages Win thr Dil.hI aii!y OF
names. rom Jtnerson down. which might be- brought TO
The railway company which asks for this enormous
appropriation Of credt present, clam upon he pub
lie which entities IL 10 exemption from The gcner rae
The enterprise j. ntaly private one. ani Tho
pany already recc we'd nom the United -tte, and
he state TcN- sufficient basis of credit to have bulk
the road bad r. ass-is been pfnGeniy managed.
The uBdcIgue is not Uuundiui OF tNr fact that al
later period different Iuir 81 construction prevailed
from that winch pFcNAI, ~ me t@!l,l u'!s % hr H.
public. aud wnich l. now here insisted upou.
Indccpat,d power r. ntCcffary uurt eulacd aud uu-
restrained Power usurpcd never was AMI never ~" oe
honestly administered.
invited ycify and al the penis Of corpoF-
ate greed with which The country under the .atcr con
by stealth ana indrcctou, gan. aud grants OF thc public
property made ihrougn the states then directly
mes real or supposed of War. subsidies assumed the
o1jcctiouaoe ioIIu proposed In the pending bill.
DANGER FROM SUBSIDIES.
The urG, rsened woald remind the House that tais
later r1Ie Of construction only obtained footing AT
period when Anne staesnanshp had grown FESTIVE
under constitutional restraints. which stll believed
10 be- essential and Indispensable TO the protection aud
we-bcng the people, and when rules Of construction
obtaucda footing. which finally wrecked Us Ia evil
war We should rctIacc steps and return to the doc
trine. ana the practices OF the fathers In this the
people have preceded and THIS Ioue has, by solemn
resolution, condemned lhe ntthri gran" OF irhtNh nI
suh,dlcs IN any form. The lands granted already
EXCEED 2OO.0Oo.ObO OF acres quantity Ia area and
equal 10 HE scyn great states oI ono hthucEy,
Tennessee Indiana, ILLINOIS, WISCONSIN, aud Iowa. equal
to the original thirteen states we cXcinde We; Nr
ginia. The money tdbst!ies aItsHg ElshFH' guar
anl1ed, loaned OF gwen Nhch Ia racine ist"dd eggs
hitherto proved to Dc tIulNhcn ciiuH, Gstd
a. "a sinking fund, would hquiuatc more than FJoOVOU-
900 OF the public debt.
Tic property out OF which this 400 miles Of railroad,
10 lee owned priS individuals u 20 he constructed
il wholly TIE creature Of tho Government. IiC share
holders contribute Of II under the provisions OF
th. bill. II this road is matter Of sunCent national
concern De built by the Government, j. submitted
hat the Government, and not the railroad COMPANY,
should IL. Tie present value or the SIS 1pnoO ot
bonds, The principal also giaratetd by
Inc Government. would not ecotd 20 100000. In tGeir
tr0oe1d FORM thc utlcst guarantee OF the Coy
detached. the bonds would be absolutely worth
lcss.
the proposed mortgage 10 indemnify tho Government
for II guarantee The lauoPrnt 81 TIE state of Texas,
wIicu constituted The most valuable ~ the securities
heretofore offered by tho Texas aud Pdciuc Halfway
('tuu,uy 10 the Government indemnity for it, guar
atee has a,scd and II included IN the proposed
mortgage for indemnity under this bill TIE lands here
fofOre granted the company 10y Congress- situate IN
the Territories Of New Mexico ana Arizona and the Sihc
a.; lfornia believed 90 AFFORD tEc Government 10
tlable available agricultural Lands l7 ncpu1idt idbc
whole proceeds arc liable 70 DC consumed lu tltr
survey and sale. II RAILROAD history repeats isci the
viii OrccOsc claim OF the Government
therefore, which the Government obtains Tor It's guar
tee ie found ia IL ght to retain the pcc ana cost OF
carving ita mails troops and Guppes over not tie
f. xs aud Pacific Railway, hut over tlat part 81 II 10
local or " vrryng the ROAD 10 Doe constructed west
OF Fort Worm 10 bee pld for b! tie Government must
long b. inCOs ierabc, Willie through carry M Vii DC
divided between tins and other roads ana branches.
me history OF Pacific Railroad legislation and tac
practices under 10 does not justify the expectation OF ret
earnings when viii uurC TO the benefit o the Govern
I1eut III compensation Tor is guarantee or ot"fNfe
That tna road might constructed and OpeT- ell as
loss III h guarantee Is possible; thut u VII not hc 80
constructed or operated our experience H"uuHAh'Iy