New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-14
A SUMMARY OF TIE REPORTS.

vi
A MINORITY REPORT PROPER. AND ONE FROM Mn
MORRISON AND ANOTHER FROM MIR. LUrrRELL"
IFRoM THE REGULAR CORRESPONDENT OF THE TRiBuNEI
lpY TELEGRAPH TO THE TRIBUNEI
W,sp,NGToN. March l3.--The minority OF the
House Committee on the Pacific Railroads., consist
ing of Messrs. Iuttrell, Landcrs, Blair, Rice ana
Hewitt. recognize in their report on the Texas ana
Pacific Railway Bill, the necessity for the cohstruc
ton of a Southern tran5-continental road
No single line, they say, can transport the COM
merce now waiting for accommodation, and the
three together will in less than quarter of cen
fury be insufficient to perform the land carrying
trade of the country between the oceans. Passing
then IN the discussion of the question how sucli a
limo shall be secured they review the history oil the
Texas and Pacific Railway Company. They call
attention TO the provisions of its charter and con-
time.
Failing TO meet these provisions, ihe Texas , ana
Pacific Company has obtained by conSi anu ppnh
chase and has III operation 1lJ me. "I rou Mnc
inclose "A paraelogTam In northeastern Iekas hlV'iis
Wor6 now the western terminus of the road which Is
only part of the trunk line. The remainder OF ths tio
granted by the State of Texas probably because ,ne
pecuniary embairassmens Of tue tonpany wetr s'n
There is thus remaining OF the trunk line between fot
Worth ana san Diego distance oi ll?l hles upon
has fallen thur short Of the performance Of lis under
taking although 1t received nom the sate OF Texas ne
munifcent grant the alternate sections OF ahd ior
forty miles IN width along each side OF ITS ine OF eighty
miles IN az, thpu TX ho ' tho Terr,,nries and in
frH. inc oa n, Eon it, compliance wih the CON
,HIioihlt r"il.inE."' upon 10
Unions u ''' san & A.; ,rto, ord
Non''''uA -" ..,'n. =, osrs from Congress-. the
minority of the committee say
In 1s-5 :, amlicd 10 Congress for subsidy OF over
500 600, 900, addition To lis lana grant o --V-sooo
acres IN Texas ana IN Inc d. ~, bmIdnS
n"Ieg n ~ road The hppIicalion failed IL now
changgs tn9 Ios i ran;c" Of interest on $4,000
- ,ir fr the ga der and $40 900 heavier por-
-. al no rnnJ ,uouutup i'm all to S}-. 800 900 at
ner cont annually for rny wears
The bonds OF the Government bearing 4l2 per cent
interest have recently been sold At par In funding s
u,t,nnsir,d the time Is not remote whcn the Govern
ncr cent a, now paid by England. TIE difference be-
tween the interest these per cent Texas and finc
honds for ffiy wear, and the ordinary rates which the
Cnvayun.nt viii have 10 pay ON the amount for
GOV MN ,o e. INFESTED a. II might be by tie Govern
ment for The payment OF debt would amount TO
rb ,uor than the cost road that the Govern
men would be lar 's.rr on c 10 % or, Than 10
at the interest ON lis ; per cent nfty year bonds.
ue,ds nil his there IL no doubt that the whole road
can bo built and equip I'd for less than 10000 prob
a 90 900 n.r mill. the eyre gate will be,
W oV, H., - a, n'srIv InI miles more than tue
T,aS Piedc snrh"ritics represent H. $50. 10000
.xin am aycess Of 80 OSO 900 to bc taken from the
principal for the bcncf OF those who manipulate the
bonds at Inc start qua wao up not amount
of interest guaranteed by the Government would u pl
into sinking fund, amount 10 more IMAM s'ouUV ~
in fifty years, ana We arc Saiu ulV,l ~ $500, ~ Ina
payment OF TINS SUM- IN hddi.ioh 70 'lo vI p,c,ac
hand grant, IN ordcr 70 thanIe INC ivA"' anu "''"
| Company TO complete its road
| ,,,..,,,,r,. ,rr,c,,s srpe,nrs
TIE MINORITY AilA'hS H"h7ip''''
Rut fine minority of the committee are opposed TO
=, n =, .-...,,. ..,..,,.. ,,,, ,.,,.,,
We are opposed 10 all pccuhlay Sup-uts hn kulIan-
tees by the GoVerumeht ia NhaleNei l9n loI 'c pc,n
OF railroads at TINS Time however deshoe thlr con
stTuetion. In time OF peace p private enplt1 seeAins
profitable investment WIZ stneiaiy pionots coinins
cial development quite - iast 1s Is eosiItAn Win
safety ana permanent prosperity. II th n'h ia cnulse
OF heritoIIous eI.r % nm, wv, ~ ih
@ ,r W. IL n need "f caug mon The naun for
ga ,,,r - Wv ,r ,,,,ar,,,.as " " 49,
80. =, III - .. A., ;;.
Ot the southern racine company inc mIhoiliy
| soy.
- --.,- - .o..,....e, a.. 49,, ., H.,
YUMA on ths easIery p'nh OF us i.n.' III vi,
y, ~ ,, I,,,1. na,, ~, cnnmeri,,,p "a IN
IL ciHin,s W y. ~. aaa ia s,arc. ~ o'm, %
an M H. ,racs has been lad ,brough and over extra
inies. Us trach n,s nctu ia' ~, " ~, -, go
100000; ana ne o1o iiss % e Us suin poi',I I
pass Hfou;h anu IT, T,, To- lin I we
.io ,i,h t,e sr1lsr, sf,s f,o,n ,Irb ovins,
g, ne f,,', ~ i Tcy"s and PacIo C"nr,my To- conf
INV win the rcouisitions OF law IL /. now more than
! 900 miles distant The Southern Pacific Rail
i1ad company therefore, VIII suffer great loss. unless
cvr The early eompetion of the road along the J2i
| parallel.
| The minority report bill substantially the same
as that introduced by Mr.. Blair; and after giving
an abstract OF Its provisions continues:
the southern pscc kar1aa aesSs tns h lana grant
nn Wiling 10 support less stringent biz, has declared
M PfpCe 70 we sr po oty wpr do rs%"mspd
the appro praon OF either land the
construction OF I'M, i9au ny We nJ.n.rn ia.o co,
Selling at nearly par and especially do we think un.
called for when an actual nrce.sy amounting 10 COM
those Eastern competitions witch are essential to ITS con
tinued lie unless Congress decides to give both lanh
as Inncn or more certainty OF promoting the public
sood' "i'hou. puoio oApen'e'
We submit nnl u WI mo,a Eu"' "io ' 70 IN. o s
erh i@hc h'iIoa , , % 70 VIC giot SCUM i