The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1884-07-10

II iIU luHI ~ HIS NiNl iilI 'lIf
UIur ~ rHuuf rustttNI,
thtfprut, thrt tho sale ~ ihD.u worth
lees bonds iu thr uinu Pacific rnuruuN
lur the sum ul Nii,ssi, did actually iuk"
yinrp, n sale bearing UPON III hrc tlit
lrri lint somebody had been unpuys
tinuuilv bought ulunu with his luuds,
Nu same directors would have approved
such IL purchase uult-. u tremendous
amount uf good wiz from some power
nIl party went along with the bonds
Hero II also ihr iilWur, seemingly roe
ugnilrd fact among the officials Of the
Union Pacific road, that those bonds
were bought from James q, blaine, and
that the publication of the fnrts ui the
transaction would ruin that gontlcnisn's
uolitirHl prospects, While discussing
This point Il may lee well Ia romcm her
that there il no -urh power for good or
evil in Congress, - Ihnl possessed
hy the Speaker. The dcstinios a.
legislation are in his powerful keep
ing, II must hc remembered, further,
that nj no previous nor suhsopuent time
did the great Union Pacific 81 greatly
need friends aud assistance In procuring
favorable legislation, and at no other
time was II IN such blaze 81 glory. IL
WAS the DAYS of Credit Mohllier, II was
the era of the very Saturnalia OF corrup-
ton aud Blaine, the dnshing, iertiio
Blaine of Maine, WAS speaker,
The direct question IL did Blaine make
this sale of "a practically worthless bonds
of the Little Rock and Fort smith road
Ia the Union Pacific company for Sbi,Wn,
ar ~ cents on the dollar. n price rarely
paid for ilrsl-class securities! III ne uid,
the inference of corruption IL immediate
and Irresistible. such n sale could not
have meant other than big gift to the
Speaker, and II big gift Ia the speaker
from a corporation like the Union Pacific
could not have meant other than the OK
pcctation of large favors In return.
ON this point one of the most famous
of the "Mulligan letters" II very peril
ncnt. In his testimony before the iionsc
committee James Mulligan, OF boston,
declared that Mr.. Blaine had admitted In
Mr.. Fisher that he hnd sold tho bonds Ia
the onion Pacific, hut that the trade had
been made Tor the parties In Maine who
had invested In the Fort Smith bonds ~
his (Blainc's) request, and that hc did
not have the money in his possession
forty-cight hours. II will be seen from
the letter referred Ia that this statement
ot Mulligan is sustained, and the sale oi
the bonds 10 the Union Pacific admitted
by Blaine. although his letter IL in the
nature oil plea of confession and
avoidance" as the lawyers say.
TIIE FAMOUS LETTER.
Washington. u. G., April Is, lG2.-W. Fisher
My DEAR Mr.. FISHER: answered
you very hastily. last evening, rs
you said you wished nm immcdi-
hurry did not make myself fully
understood. You have been for some
time laboring under u totally erroneous
impression in regard 10 my results ~
the Fort Smith inattcr. The sales OF
bonds which you spoke OF my making
and which you seem to have Thought
were for my own benefit were entirely
otherwise. | did not have the money in
my possession forty-cight hours, but
paid it over directly to the parties, whom
! tried h. every means in my power TO
protect from loss. ! am very sure you
have little idea of the labors, the losses,
the efforts and the sacrifices / have
made within the past year To save those
innocent persons, who invested on my
request, from personal loss. And say
10 Won tonight sOlemnly that ! am inn
ncasurably worse of than If ] had
never touched the Fort Smith matter.
The demand you make upon me now, is
one which am entirely unable to COM
ply with. | cannot do it. 1t is not in
inv power. You say that "necessity
knows no law" Thai applies to me as
well as to you, and when have reached
that point i am now Mt, 1 simply fal
aware rs am, that tho bonds are due
me under the contract. Could i have
these. ] could adjust many matters not
now in my power, and so long AZ TINS
and other matters remain unadjuSted
between ny, | do not recognize the
equity or the lawfulness OF your calling
on me for partial settlement.
am ready at any moment, to make
full fair, comprehensive settlement with
YOU, on the most liberal terms. will
not be cxacting, captious or critical, but
am ready and eager to make broad
and generous adjustment with you. and
if we cau not agree ourselves, we can Sc
lcct q mutual friend who can easily
compromise all points Of difference be
tween US. You will, trust, see that
am ready 10 meet you in spirit OF
friendly cordiality, and yet. with sensc
of self defense that impe!s me to he
frank and expose TO you my pecuniary
weakness. With my very kind regards
to Mrs. Fisher, | AM
Yours Truly,
J. &. BLAINE.
BY reference TO the memorandum APP
pear:ng above, il will be seen that the
bonds of the parties in Maine, these
Door. misguided Investors about whom
he was so solicito!s, wero preferred and
first mortgage and not laNn grant bonds.
Now he declares in this letter that the
sales we're for TIE Maine holders of the
bonds. that is sale OF first mortgage
ID ,.ot In tha rsrc or th;s iattor. and
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