New-York tribune., 1878-03-19

pleases. In 1874, the British Government found Itself
in about the same condition that this country i, in
gate the subject and, when 1t reported the obnoxious
shippngaw asrepealed The spirit Of our present nay
relic Of bar arism in the b recently passed for mr
Bennett thse restriction be can 20 10 the North
any purpose he plcases II an American register Il
granted to one. it should be granted to the other
tended to discriminate Tor or against any one Tho Oh
ect OF 1t was TO defeat purpose to obtain By Of
Congress right denied to Others. .
Mr.. MCDONALD tDem., Ind) moved that the further
consideration OF the bill be postponed until after
conclusion OF the morning business toinorrow Agreed
cuRrsrANcY ON THE SINKING FUND.
The Senate then resumed the consideration of Pa
cifc Railroad Sinking Fund Bill.
Mr.. CHRIsTIANCY tRep., slich), member Of the
Judiciary Committee spoke favor of the bill reported
by the Judiciary Committee. and in opposition to
that reported by the Committee on Railroads
He said that the ingenuity OF the members Of that
committee seemed to have been exhausted In preparing
the bill he commented I'm humorous manner on that
poron Of it in regard to penalties to be inflicted upon
the railroad companies In case they fail to make the de-
for the nd ana aces oysCy eve,
company He said ne Knew , cbsres OF only one par.
70 the watch ILaughter Mr.. Christancy argued tha,
il the bin reported by the Railroad Committee should
become n law, the Government would be IN much
worse condition than IT is to-day existing law the
fifth section OF that bill provides for the acceptance OF
the act by the railroad compapie2s 2 pnt tey W never
than the present law suppose the companies do not
accept then the Government will stand next year.
gard 10 sinkng fund, just where 1t stands to-day be
had seen enough however TO know that the companies
will accept this bill they will gladly pay
mean TO say that they are paying for It's passage but the
newspapers OF the couDytnose manufacturers OF pub
lie opnion-are just ready ia these hard times TO ad
vocate this, any other measure, at very reduced
Cgs%ey tssn ms maSeTs sPSS ii to s Of Legal gal
bl reported By the Committee on Railroads, and said
"a air In
mad not noticed the many calculated to weaken
IL Il an absurdity to claim that Congress
has the power to alter, amend or repeal the charier
is all wrcng there are many 0;ner saees S oi eSlsa
of the Pacific Railroad are Involved and yet they are
always subject the sound sense and good judgment
OF Congress; take the tarin laws ior instance.
th,raands of millions Of dollars are dependent
unon tile Judgment Of Congress; but does any one
zee an absrdty in the power OF Congress To alter the
to divert property rights but II Is ample 10 egsate
so compel the companies TO PROVIDE SINKING iund
snnnori of his argument and said that Congress DO
inQ nothing more than ASKING these companies " put
themselves upon the business principles OF honest bls
ness men and begin TO provide IOr sinking !ld 10
iinndote he debt due the Government when Shall ma
tre The Supreme Court OF the United States has decided
the question Of power iv9Veo ~ ,n,S & ooHsG,ersy n -
c0neIIsou he spoke Of the argument of Mr Matthews
as one of ability and said he knew OF no one aDe 10
make such an al gument that Senator upon such
legal dccsODs ne admired the senator
for bs skill Tut could not appreciate hsaogc; he made
ibe whole matter appear something Ike law although
Pending discussion, Mr.. SARGENT (Rep, Cali sub
ted several amendments 10 tue bill To organize Lille
saving ana Coast Guard service aud was oide'ea 'H
Mr. MORoAN Dem, Ala.) then took the floor 10 speak
unon the Pacific Railroad Sinking Fund Bll ana me
vent into executive session. After short time the
doors were opened and the Senate adjourned.