New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-19
A TEMPORARY SETTLEMENT MADE.

CT1ON or TIE SENATE JUDICIARY COMMITTEE
NO DIVIDENDS TO BE PAID THIS YEAR.
WASHINGTON, June 1S.-The chairman of
the Judiciary Committee has sent to the Secretary
OF the Interior letter informing him OF The adoption OF
the following resolution in regard to the Union Pacific
questions which the committee has had under consdera
ton for times
Resored That this committee will postpone until the
frat Monday in December 1854 tue further cOnsderstln
Of the matters arising unaer the act OF MAy = AoLo
relating 10 the Union Pacific Railway Company If the
said company shall immediately carry ont the offer OF r
Adams, stated in his communication dated June -,
1854 addressed 10 the Hon George + Hoar ana on the
express understanding that this action OF the company
and Of the United states IN receiving the money anu
security in said communications mentioned shall have no
effect or any penalty or FORFEITURE OF OIher su " e
against the said company any Of its ofcers but that
all rights, penalties and iorIetreS shaIl stanu ds Iese
acts had not been done.
Followingis the communication Of Charles Francis
Adams IT, Government director Of the company, as de-
livered to Mr.. Hoari
Referring to what passed at your meeting with certain
directors OF the Union Pacific Railway Company, III B0s-
ton on the 10Th inst, would state that the following
was there proposed the basis Of temporary settlement
with the Government pending action VI inc courts VI
First-No further dividends shall be paid on the stock
OF the company during the present year.
SecOnd-Untl the questions now penang IN court are
decided and settlement between the Government ana
the company effected, the government sns retain Ia tne
treasury all earnings now due, or which may hereafter
becOTe due, not only on the subsidized lines OF the com
pany, but also on the n0nsuDsl dLe1 portion 0i s e
specified in President bilious letter OF June D. addressed
| 10 the Secretary OF the Interior. -,
Third-saying all legal rights points in lit
| CATION, the company viii forthwith pay into the
| Treasury on account OF the sinking fund
the sum OF S7lSSl4 60 being the amount demanded BY
the Secretary OF the Treasury as payment under the
Thurman act for the year ending December 81, 1888
said sum be treated payment on account should
more hereafter prove TO be due 10 the Government and
a. payment advance Of amounts II future TO become
due should less prove now 70 be due.
FOurth-The sum OF S6S,359 50 deposited In the
Treasury July 20, 1881, shall be carried to the credit
OF the sinking fund, set forth in President Duons
letter OF June 5, 1854. already referred 20.
aaba
ernment ample security for payments which shall
become due when the matters at Issue in the consuuc
ton OF the Thurman shall have been decided by the
courts According TO the contention OF the company
(supp ementa statement june O. page 81, the balance
now due which this proposal would leave unpaid sup
posing the demand by the Secretary Of the Interior was
otherwise correctly computed would be only So9s LAG
security for the payment OF this sum the Government
holds its hands the adjusted unadiudcated though in
large part disputed claims OF the company gan5t II
to the amount Of $4,000 400 and also the amounts
assumed 70 due for services rendered on the suos
died portion OF its lines, which will before the close Oh
the year amount TO some 100000.