Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-04-03
Senate.

"Aon1S"1oN' np1 1.sons.ol oocA1en
iioni e.e oonnliooeo W naAn'a.y anal1s report
ed the House resolution granting use of artill-
cry, tents, ETC., for the soldiers reunion at
Mar;otta nh;o aortarnher TN p,...a =. ~.
- - S - =" >1 ~ '4.0
calenuA
reso1ut1on 70 TRANSFER 10 the state depart
ment for safe keeping the records of the COM
mission on the electoral counts wa. agreed to.
hill for relief of Tbon,aa 7 Cho.+aa .na
!, -, - ~ y AAo1~' = :. ua.ee anu
otners' late pr1sa1es IN company =. Inird Ark
aIsas cavalry, passed; also bill for relief of
VIM. l.. Hickman, of Missouri.
Renatoy burnside called mn AZ tho anec;.l ~
A. ~. h;i1 :. - -, -e..-;s.:s-l.~
oe :. 'nc WI " 1snse a. ,es'ttcelons now e1-
cltlzens IN tne army OF the United States.
AFTER discussion Inc Dill was recommltted with
the amendment proposed by Senator Blaine,
that hereafter colored men shall have full right
20 enlist IN al! arms OF the service.
inc raliioad funding Bill came up as unfin,
lsneo Dusiness, ana senator morrill, addressed
the senate IN support OF the Judiciary commit
tees Dill.
-, Senator Morrill, having concluded, Senator
ment making the first mortgage bonds Of the
companies one OF the class OF bonds in which
tne SINKING 1and proposed may pc invested.
senator Blame asked how 1t would be II this
amount wa" deposited IN case the bonds should
DE stolen, as IN the case OF Indian trust bonds
In the interior department some years ago.
senator thurman SAID the democrats would
pc IN power IN 1851 ana then there would be
no trouble about the bonds being stolen.
Senator Blaine said it was when the senator 8
party was in power that the bonds were stolen.
1t was the recollection OF this fact that led
him to make the inquiry:
discussion sprang up from this as to the re-
sponslblllty for the sinking fund and the diff
ferent bonds held as sinking funds and the
Donds issued to the company.
senator Blaine said the managers of the road
said that IT permitted to create their own sink
ing 1und, they could make II pay higher rate
OF 1nterest. ~ mignt De tnat these men could
20 SO Win saiety' out tney might not be there
twenty years hence. ana under new manage
menu tne ponds might take wings and ny away
AZ tne lndlan Donds d1d. therefore 1t was q
wise provision that the government should be
custodian OF tins fund. But was there not 9
shade Of equity in the relation of this difference
OF profit on the fund, that the company, if per-
united to control 1t, could make He Thought
this fund might be turned into the treasury
ana the GENEVA award fund are held. de said
That Tor the fifteen years he had
Deen IN Congress the Pacific roads
nad been before Congress IN some form or
otnef. ne nad an ambition TO survive tins leg
lsAa1lon, out unoel tne proposed Dill tnere was
no penalty 1or settlement. Would 1t not be
n Desser 20 say e1nctiy wnae was Iequ1reo OF me
1oaos' ana tnen let them rest. 30 long as these
suoJects could pc prougnt before congress,
Congress Would pe mace tho tail 10 the Kite VI
Wan s!1eee9; Leglsiation was constantly pro
posed IN oroer 20 aftect the stock market IN
new 1ork. ne dld not think 1t contrary to the
spirit OF the Dill to add provlso, that so long
q the roads comply with the provisions Of the
acts OF 1867 and 1854 and OF this act It shall be
taken as q 11l! performance OF Its obligations.
AS 70 the SINKING fund, let something be done
10 keeP TINS rom being running sore Tor the