The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-06-19

| Az tue amendments being disposed OF
tue bill was read a third time and passe,
oy Q vote OF S3 yeas TO 10 nays. The vot
IN detail was rs follows:
rkks.-Mcssrs. Allison, Beck, Bowen. Cameron
OF Wisconsin, Colguitt. Conger, Cullom, Dawes
ingalls,, Jackson, Jones OF Florida, Jones OF Ne
yada, Laphan, Mcmillan. Mcpherson, Malone
aandcrsoE, Miller Of California. Mitchell, Nor
VOORHEES,, and Wison-33.
| ,NAls.-Mcssrs. Bayard. Brown, Coke. George
Hampton, Jonas. Kenna. Lamar. Msxey. Morgan
Is. ''' ""' "Ao'
The Senate at 6:25 =. NJ. adjourned.
Housc OF Representatives.
A further conference was ordered on The
post-office appropriation bill. Messrs
Townshend OF Illinois. Holman. and Horn
were appointed on the part Of the House
Mr.. Miller, OF Pennsylvania. offered q
question OF privilege resolution, declaring
that James X. Chalmers was entitled TO a
seat from the Second district OF Missis.
sippi.
Mr.. Thompson. OF Kentucky, raised the
question Of consideration, and the House
refused TO consider ii now--yeas, 6S; nays,
1919.
The Ohio contested-election case OF
Campbell and Morey being then called up,
the question IF consideration was raised
bv Mr. Thompson. OF Kentucky, and the
House also refused TO consider il.
The House then proceeded TO the con-
s'deration OF the Pacific railroad bill
known rs the Thurman amendment bill.
The bill extends the provisions OF the
Thurman act to the Kansas Pacific Com
pany, the Sioux City and Pacific Company,
and TO the centrai branch OF the Union Pa
ci6c Company. Ii allows the investment
OF the sinking funds Of all the companies
in their own first mortgage bonds or any
United States bonds or securities, or their
application TO the eXtinguishment of in
terest on subsidy bonds. II requires one
half OF the annual compensation for Gov
ernmeut services to be carried TO the sink
ing fund, and also large annual payment
into the sinking fund. The 10Th section
declures that failure on the part OF any OF
the companies TO comply with these re-
qurcments for six months shall operate as
a forfeiture Of franchise.
The substitute offered by the minority
Of the Pacific Railroad Committee pro-
vides for the eXtinguishment OF the debt
due to the Government by the issue by
the companies OF three per cent. sixty
years-redemption bonds.
Speeches were made by Messrs. Throck-
morton OF Texas. Thompson OF Kentucky,
Post OF PENNSYLVANIA, Jordan OF Ohio,
and Cassidy of Nevada. In the course OF
Mr.. Cassidy's speech Opposing the MAORI
ty bill and advocating the minority billy he
said that he had before him the statement OF
the Government experts, who had Just been
examining the books OF the Union Pacific
4 -, NJ hot pfot
showed that there was falling off in the net
earnings Of that company OF 81, 9S3,000 for
the vcmOnths ending May 81. 1884, as COM
pared with 1888; that the revenue and ex-
penses OF the entire system during the same
period showed deficit OF S729,000: that
the company. in order to pay its July diyi-
dend. would have to borrow or to draw
from other sources, Sl,400,000 that the
debt OF the company on March 81, 1884,
the capital stock.) was 1929
07j, 600; and that its floating debt Included
in the grand tOtaD was 81 100000. The
Central Pacific Company had complied
strictly with the letter OF the law; had
paid every dollar required under the Thur
man act, and to-day was not dollar in
arrears TO the Government. 1t had, be-
sides, sinking fund OF its own in which
It had some S6,000,000, and with which
it would discharge its first-mortgage
bonds, so that that corporation came to
this Congress with clean hands. There was
no evidence that it sought to wreck its
and unload IT on the Government.
lie argued that it would be wise to zeal
wi n these companies, and
that the passage OF the majority bill would
have the effect OF increasing local freight
and passenger rates.
Mr. Hewitt opposed both the majority
and the minority bills as being inadequate
to the purpose. lie would move to re-
commit the bill with instructions directing
the Secretary OF the Treasury to report
on the first Monday in December
plan by which the act of May 9TH,
1873. should be enlarged by additional
to be made by the railroad COM
panies, so that the debt to the United
States (p-incipal and INTEREST," should GER
tainly be paid at maturity or at the eX-
pirat,en OF any extension that the Secre-
tary might deem necessary to be made.
There was a misrepresentation, he said, rs
TO the present condition OF these great
companies. They had been treated as if
thew were prosperous. He wished that
that was so. One OF them, however, was
standing on the verge OF bankruptcy. It's
would be passed, and he doubted
whether they would ever be resumed.
What he asked that the House should
do with these companies was what every
would do with a debtor
short of means /: nurse the debtor and give
him an opportunity to pay his debt instead
of crushing him.
The discussion was continued by Messrs.
Anderson of Kansas, Laird OF Nebraska,
Bedford Of Colorado, and Sumner OF Cali
fornia.
Mr.. Thompson, OF Kentucky, having
charge Of the majority bill. offered an
making the aggregate payment
required OF the companies 50 per cent. in
stead OF 80.
The previous question was then ordered
and the House. at $40 Z. NJ, took recess
until 10 O'Clock tomorrow.
Washington items.
(By telegraph to the Dispatch.I
WASHINGTON, June 1S.-The First Comp
troller CT the Treasury has nearly com