Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-01-07
TELEGRAPHIC.
Report of the Directors of the
Uuion Pacific Railroad.
Heavy Timber Seizures by the ReVe-
nue. Department In Florida.
WASHINGTON.

WASHINGTON, D. c., Jan. A.
Tbae, Secretary of the Interior
eve sceived the annual report oi
T. oYernment Directors of the
I ! Mas Pacific Railroad, Charles
e; VIZ Admas, jr., Daniel Chad
q T1ur5p rlJ5sp. B. Smyth, Ralph Buck
Court....Chas. g. Housed. They
4 J. f. ILe opinion that the Union
Pacific Road, in view of the ex-
tremely liberal aid it has received
from the Government, and the bril-
liancy of its success as CONNER.
cial enterprise should be judged by
the most severe standard known
among the railroads of the country
and measured by their standard.
They report its DEFICIENCIES are
many and apparent, and at the
same time they state that the prop
erty instead of deteriorating
is being brought up with steadiness,
though slowly, to a fair degree of
average excellence. They sharply
criticise the failure of the manage
ment to replace the iron rails,
when worn out, with steel rails, and
say that although the policy now
pursued by the company i'll regard
to the material condition of its
property is careful and sufficiently
safe, it is by no means liberal, nor
such as the country has right to
expect nor the Government to insist
upon. The course of the Company in
its business policy towards the public
is, in some respects considered open
to much adverse criticism on the
general ground of illiberality, ETC.,
but nevertheless, they report that
its present tariffs do not appear to
be extortionate. They think the
enactment of the recent funding
act has a direct tendency to retard
or prevent the adoption of a more
liberal but less Immediately profta-
BILE policy by the company, the
Government having thus become
one of the principal benefciaries.
They report that the consideration
Of the Union Pacific, with its cons
Meeting branch lines, is not
desirable in the public interests, but
recommend that companies be COM
PEELED to submit their differences on
the subject of "pro rating to the
decision of some impartial Board of
In conclusion, they
endorse the recommendations of
Secretary Schurz for legislation
which shall enable the Government
to cede to the Railroad Company all
sections of grazing or desert lands
on one side of the road and receive
for it all similar sections on the 9TH
er, in order that each party may
dispose of their lands in large tracts,
in which alone they are desirable or
susceptible of profitable use to pur-
chasers.
The Secretary of the Treasury
to day issued a call for the redemp-
ton of ten millions $50 bonds,
consols of 1867, six millions cOu-
pom, and four millions registered
bonds.
The War Department is informed
of the death of Lieut.. Thos. S.
of the Third Infantry.
He perished with cold whilst out
hunting.
WASHINGTON, Jan. 6.-The Treos-
ury to-day issued the seventy
eighth call for the redemption of
500 bonds of 1865. The amount
called for is ten millions.
Secretary Sherman has returned
and resumed his Office duties.
Senator Thurman this afternoon
addressed letter to the Columbus,
Ohio, Banquet Committee, saying
that it will not be in his power to
attend the Democratic celebration
on the Sth inst, as he is just begin
ming to recover from q severe cold,
and can not but recognize the fact,
that it would be imprudent for him
in such extremely cold weather to
make a trip requiring 800 miles
travel and twice crossing the noun
tains. He offers a few reflections
upon the toast, "The Jackson De-
mocraoy," the theme upon which
be was applied to speak, and con-
fines himself solely to that subject.