Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1884-04-25
aShington.
KELLOGG'S CASE.

SNIucHCe ue ID SdlI W HdNe, CAUSES Iue
friends of Kellogg no little anxiety.
If the jury believe Walsh it will go
hard with kellogg. The contractor
on the Corpus Christi route had been
vainly trying to get Brady to ''expe-
dite' his route. He finally went to
Kellogg and secured lis influence.
The contractor did so, offered Kellogg
$50, 900 as the story goes, which terms
the latter accepted. In a short
time Brady "fxed'' the route. Kcl-
logg was paid S., 900 in cash and $15,-
900 in drafts, which were brought to
Walsh as the star route broker to ne
gotiate. This is Walsh's story, and
he claims to have documentary proof.
Kellogg was then a United States
senator, and the crime charged is
bribery.
THE PACIFIC RAILWAYS.
WASHINGTON, April 22.-The house
committee on the Pacific railroads to-
day concluded consideration of the
proposed amenements by the Thur
man sinking fund act. They extend
the provisions of the act to the Kan
sas Pacific, Sioux City & Pacific, and
Central branch of the Pacific rail
roads. The secretary of the treasury
is authorized to invest the sinking
funds of each subsidized company in
first mortgage bonds of said cempa-
nies, or i'll any bonds or securities of
the United States at his discretion, or
he may, with the assent of the com
panies, apply the same to the extin-
guishment of interest of the subsidy
bonds, the government to refund the
same on demand at any time it be-
comes necessary III order to meet any
debts or obligations of said corpora
tionS prior in lien to said interest A
third amendment requires each of the
roeds to pay 35 per cent of their net
earnings into the sinking fund, instead
of 25 per cent as now required The
percentage was at first fixed by the
committee at 374 per cent, but was re-
considered with the above result
The fourth amendment relates to
moneys due by the government
to the roads for transportation,
but retained and applied to
the payment of interest and to the
sinking fund, which retention and
application the courts have practical
ly decided was illegal. The gross
amount thus retained, with interest,
is about ten million dollars. Instead
of repaying this money to the com
panies, the amendment provides that
it shall remain in the sinking fund
and 10 be eventually applied to the
extinguishment of debts pricr to
those due the government, thereby
increasing the ability of the COM
panies to pay debts due the govern
ment. A fifth ar endment authorizes
the secretary of tne treasury to with
hold for the purpose of securing the
requirements of the sinking fund all
sums due from the government
for transportation of any kind upon
the entire systems of roads owned,
leased and operated by subsidized
companies to the extent of interest
controlling the company. In such
an emergency, sixth amendment
provides that each company may, if
il so desires, settle its debt, including
both principal and interest, with the
government, within five years from
the passage of the proposed amend
uSlb. 1ecpISSSuIdIiNC lnOHlpSOu,
whose bill formed the basis of the
committees action, says the proposed
legislation will increase the amount
now paid into the sinking fund
by subsidized roads by about $50, 0,000
annually. In 1898, when the bonds
will become due, he estimates that the
increase will aggregate about S26,
600, ,0000.
NOTHING TO DO WITH THE PURCHASE
OF CUBA.
Hon. Jno. w. Foster, United States
minister to Spain, who arrived in
Washington yesterday, has come here
to confer with the authorities regard
ing the details of the proposed com
mercial treaty between SPAN and the
United States. 1t is said on undis-
puted authority his visit has nothing
to do with the alleged plan for the
purchase of Cuba by the United
States.