The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-07-24

Il
passage ofthe act, and reduces the inter
est nom 6to per cent This brief state
ment settles the merits of the bin of The
minority Of the COMMITTEES. / will ieaye
It's further discussion to my colleague on
the committee, Mr.. Thompson.
where is the hardship imposed upon
tilese companies by the provisions Of
the measure under consideration?
by the donations of the GOVERNMENT
OF lnlillons OF acres of the public domain
and the loan of its credit to the extent
OF $6l,OOO,000 they have constructed tho
main lines and branches of their roads
extending from the Missouri river TO
The Pacific Ocean. Out of the earnings
OF these main lines they have paid the
interest on their bonds and stocks
largely owned by themselves. Not
only have they become millionaires
from this bounty of the Government,
but they have constructed and leased
multiplied hundreds of miles of road
out Of the earnings Of their subsidized
lines, and to-day these two corporations
very largely control the internal and
transcontinental commerce OF the coun-
try.
1t savors more of fiction than of real
ity TO say that twenty years ago. on the
Pacific slope, there were less than half A
dozen individuals, of little note and
limited means, who availed themselves
OF the bounty Of the Government and
conStructeda railway from Sacramento,
IN California, to Ogden, in Utah Terri
tory, and from Sacramento to San Jose.
Assistance in all Of about eight hundred
and sixty miles. This extent of road
received from the Government a grant
o i',' ioo W ~ 70 lu,OUO,OVo OF acres
bo ,0%l ol 81 ~ H5 5!s eId bonds to
Ii . io,'iit ~ ,,o2?po'' according 10
ho,e In l '"i W i VI the company
S9E GG no 900 o"1 Vi 'neSe Iaiius IN value
F-I Fy"h, tbis ho,;,,;,,o. r. Ill.
drod n,,d Eli VI CisHt nun
tbs co'ra' i,',itS VI sut1sluiHea road,
sns in 1"oao l'' thro,,,. ouL lts iron
and ~ .,oti the lehgIh
g"no So,. Vfo,tnr lid' ,Irltousn Art
SALINE AND I,i,,nt,d 90 ''ii ~, lSAl5 st0 lhe
Orleans onnr.{ing un5or Ky Ky VI -to CIV
t.'- l ~, u',''oI ms system
HAT 2,uvU Ililes VI lV"u' ~ "u4ltion to
T,ila tiIgir la5Ts aro pehSli4llhg INTO the
i't P9? y! :, ol NlcAico, ana lhoy are inter-
u7Su,' ~ i my uU no. control l3o nies
-liolG uI roau IN ieNas' ana other lines
IciHcltiilg o4I from 81 Louis, and still
V ',;N lGns IHeS oAIeii'uig from the
~ 1rd,ls;9isSiPEl 70 inc atlantic seaboard.
Inns Inns GloSe corporation OF less
tlai' nan uoAeh individuals own,
op!..a.g allu conlrol these vast and
pIInte!E properties aESregatlng mill
io ia % uoiIarS IN Value'
me Union racine system owns, oper-
ate We auG cohtrolS Withlh fraction Of
III ~, Hiles %, ~, lolu extending from
washington Icfrltory and Oregon,
through lqaho INTO Montana and Utah,
through wyoming, Colorado and Ne
bfaska 10 Councll Bluiis, and through
Ile Hlate OF Kansas 10 Kansas
City, Ill Missouri, thence con-
meeting with the Missouri Pa
cllc system owned iii part by
the same parties who own the Union
Pacific, which extends from st. Louis
through Missouri, Kansas, the Indian
territory and through Texas, by one
line TO Laredo, on the Rio Grande, and
by another line to the gulf at Galveston.
rms Missouri Pacific company owns
also the Iron Mountain line, extending
from ~. Louis TO Texas, through South
west MISSOURI and Arkansas, and there
connecting with the Texas e Pacific sys-
tenn, owned by the same parties, which
extends from New Orleans through
Louisiana to Texas, and thence west
ward through the State for near 500
miles to the neighborhood of FL Paso,
there connecting with the Cali,
fornia Central system. The Mis-
souri, Pacific system owns aud controls
over 5000 miles of road, and it's owner, =.
like the owners of the Central Pacific
are Interested in the st. Louis d San
francisco railway, that is constructed
Il ON st. Louis 70 the Arkansas river, at
Fort Smith, and has the right-of-way
through the Indian Territory to Texas,
with its main line reaching ont westward
to connect with other transcontincntal
INES from the Pacific coast.
now, SIR, snail 1t be said IN the AMeri-
can Congress that these railway pcten-
lates, these powerful corporations,w whose
O" Aers have become milionaires earned
from the proceeds of the eOuntry's lihcr-
ality; snail 1t be said by This House that
they snail not be required to provide for
the interest due upon the debt they owe