Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-01-26
DOMESTIC NEWS.
Gloomy outlook for The Chinese Treaties

DOMESTIC NEWS.
Gloomy Outlook for the Chinese Treaties.
WASHINGTON, January 25th.-The expect
ed regular weekly meeting of the Senate
Committee on Foreign Relations to consider
the Chinese treaties did not take place to-
day. The committee consists of nine mem
bers, and only four of them put in an appear
ance, namely, Senators Eaton, Morgan,
Pendleton and Kirkwood. Senators Hamlin
and Carpenter are confined at their residences
by illness, and others were variously occu-
pied this mernlng-Hill of Georgia attending
a session Of the committee which is nivesti-
eating how the Chinese treaties got out,
Johnston of Virginia being engaged with his
special committee on pleuro-pneumonia of
cattle, and Conkling preparing to deliver an
argument in the Supreme Court this after
noon. There being no quorum, Chairman
Eaton was unable even to obtain sanction
for his proposition to request authority from
the Senate for the committee to hold meetings
for the consideration Of the treaties during
the Senate sessions, and he is so much dis
Outraged by the apparent lack of interest dis
played in the subject thus far that he doubts
the utility ef again attempting to get a
quorum of the committee together before the
time for next Tuesdays regular nesting.
TALLY explained by what seems to have been
a disposition of some of the Senators to wait
for expressions of public sentiment concern
ing them, especially from the Pacific coast.
The delay has, however, been so prolonged
that there now seems to be practically no
chance whatever for obtaining legislation at
this session to carry the treaties into effect,
and it must be added that there is to day no Ger.
tainty of the treaties themselves being finally
acted upon on before the next Senate con-
venes in special session, which will be shortly
after the 4th of March.
The Controversy Between the G. p. X. II.
Go. and the Government.
WASHINGTON, January 25th.-A conference
was held this afternoon at the Attorney
Generals office between representatives of
the Central Pacific Railroad and the Govern
ment, in regard to the controversy which has
arisen between the Government and the rail
road company in regard to the dividend re-
Gently declared by the company. Secretary
Schurz, Assistant Attorney General Mccain
mon and Auditor of Railroad Accounts
French representing the Government, and
Vice. President c. P. Huntington, accompa-
MED by Messrs. Shellabarger and Wilson,
counsel for the railroad, were present. The
conference lasted several hours, but no def
mite adjustment of the question at issue was
reached at the time of adjournment.
SECOND DISPATCH.l
WASHINGTON, January 25th.-Vice- Presi-
dent Huntington says tonight, with refer
ence to the conference held to-day between
representatives of the Central Pacific Rail-
road Company and the Government, that the
conference was without result so far, but
that there would be another tomorrow, III
which he hoped to be able to show that
Auditor French has misinterpreted the
figures furnished by the company's books.
1--WE have earned our last dividend" said
Huntington, land unless we are enjoined
we intend to pay it to the stockholders"
An Action of Importance 10 Mining stock
Investors.
CHICAGO, January 25th.-The Inter Oceans
New York special says: An action involving
several questions OF Importance to investors
in mining stocks has been begun in the Su.
preme Court by A. n. Holmes, lawyer.
against Jerome B. Chaffee, as President and
David Moffatt, Jr., as VicePresident, of the
Little Pittsburg Consolidated Mining Com
pany. The principal question to be deter.
mined in the case, if the allegations of the
complaint are proved, is whether the con-
made personally liable for damages in know
ingly making false representation as to
the value of their mines, SO as to induce
the investment of capital. Holmes alleges
that the larger part of the pack of ore of
silver and lead on the company's property,
covering third of an acre, had been
worked out and exhausted previous to the
formation of the company (; that the defend
ants invited a large party OF persons from
New York and other places to visit Lead
vile, and that by means of the statements
and representations made caused them to be-
lieve there were several million of dollars of
reserves of ore in sight, etc. Holmes then
recites some of the personal representations
that were made to him by Chaffee and Moffat,
to induce him to purchase stock, among
Others that there were reserves sufficient TO
pay dividends Of 800, 900 per month for at
least three years that the property was
worth so much more than $50 share
that Chaffee's daughter, at his suggestion,
had sold her Government bonds to purchase
Little Pittsburg at that price, and that it
could be procured at that price only from
him. Holmes says that on the strength of
them he invested $1,000 in stock at $50 a
share He now declares them to be untrue
at the time and made to deceive and defraud
him that the value of the reserves did not
ally at the time worth 81 a share, and that
Chaffee and daughter had not made the in
vestment he pretended. The third cause of
action is based chiefly on the report made by
Chaffse in August, 1879, to the Directors,
which induced Holmes to put in s.. 900 more.
For all his losses Holmes asks 500, 900 dam
ages. The answer has not been served.
The Telegraph TroubIe.
NEW YORK, January 25th.-The case of
Rufus Hatch against the Western Union,
Atlantic and Pacific and Western Union Tel
egraph Companies, to prevent their CONSOLE
datiop, was called in the Supreme Court in
chambers to-day The session was taken up
in reading the atfidavits of officials of the vari-
Gus companies, denying that the purpose of the
consolidation was inimical to the public. Jay
Gould made an affidavit that he was Direc-
tor in the defendant corporation, the Ameri-
can Union; that prior to the consolida-
ton negotiations Rufus Hatch came to
the advantages that would come
from union of the companies that Hatch
said he was getting up pool of 1000
shares of Western Union in anticipation of
the harmonious working of the companies,
and asked him (Gould) to go in with him.
Gould's affidavit further proceeds to say the
consolidation was largely Influenced and
brought about by the advice of Rufus Hatch
himself. An affidavit was received from
Washington E. Common, in which he said he
had an interview with Rufus Hatch on the
l9th of January. in which the latter stated
that he was the owner of quantity of the
capital stock of the American Union Com
pany that he was displeased at being kept
out of the deal, as he called it, and that he
ought to have been taken into it. He sug-
gested that his shares Of American Union
stock should be taken by them at the price
the Western Union was then selling at. He