Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1884-08-07
THE UNION PACIFIC.


z" Its Knees by Congregational sActies
Which Threatened to Reveal its skeletor
-The Closet Door is Not Locked, However,
NEW YORK, July 81.
The Times this morning prints Ions
washington dispatch giving history OF
the Union Pacific legislation to secure the
payment of the Government dues. Itgives
Mr.. Edmunds the credit of having had
more 10 do with drafting the Thurman
Dill than Senator Thurman, and says that
last winter his bill calling for isemi-an.
nuai payments by the company, to the
Government brought Gould to Edmund's
feet and led to the hasty substitution of
-Chas. Francis Adams, Jr., for Mr. Dillon
as the President of the road. Tse propo-
sition which the directors agreed to was
as follows:
First-No more dividends to be paid
until after Congress again meets.
Secopd-All moneys due for Govern
ment transportation to be retained in the
Treasury.
Third1The company to pay forthwith
into the Treasury, $1s,Sl4, the amount
. Claimed under the Thurman act for 1888.
hC ia taCSO Plope
ositions was wonderful. For the first
time since its Incorporation the company
was brought to terms. This plan was
submitted 90 the committee June IL. It
was accepted but in terms not consoling
to The Railroad people. A
res~>tion was adopted that
upon these terms the committee
81
ject until Congress meets again. The
directors passed the dividend, accepted
Dilion's resignation, and elected Adams
in his place. The Sis 1000 was deposited
with the sub treasurer at Boston. 1t was
q strange proceeding. A Senate acom4
mittee is rot authorized to enforce laws
nor to make agreements with corpora
lions whereby they promise not to act
upon any subject. The Union Pacific,
under ordinary circumstances, would
have said to Mr.. Edmunds: 'What
authority have you? We can only be
reached by the courts" That would
have been a safe answer to make, con-
sidcring how easily courts and law
officers have treated the Union
Pacific. Instead of that Mr. Edmunds
lays down terms aud the rail-
road yields what no law compels
it to surrender; places in the Treasury
near.y q million dollars, and only pre-.
cures in return Mr.. Edmunds' agree.
ment to keep his hands off for five
months. Would the railroad people have
surrendered SO completely unless they
knew they were at some ones mercy?
Meanwhile, in the House the Pacific Rail-
road Committee had taken this thing up
in earnest. All through the Spring they
struggled against delays caused by the
railroad company's attorneys on and off
the committee. They suddenly found
opposition withdrawn, and the House bill
WAS allowed to pass without q dissenting
=, because by the Senate committees
,reement it was certain to be killed in
lie committee when the bill reached the
senate. Van Wyck moved its reference to
he Railroad Committee, on the ground
lat the Judiciary Committee had entered
n agreement with the Union Pacific,
debarred it from acting. EdmundS
II defended the COMMITTED on the
hat its action had averted a panic
.-r.sireet, which would have been
I'd by the true condition of the road
Eng known, unaccompanied by the
3ement OF Government action.
Van WICK consents to the refer
the Judiciary Committee, and it
iluded to during the remaining
sks of the session. Just what
nunds intends to do with the>bilt
ssion, no one knows. The COM
I put itself in his power. He
3 it will be unable to pay and
into the governments hands.
prevent tbs is his aim,
occurring payments to the sinking
.He does not CONSIDER the stock u
ate lien. The company owes al
1922, 900 ,0O9y which sum would
~ res6, yet yearly the in
@ Ack and bonds has been
lafen in the Government ex-
- fulInd Ednunds has taken
,or,,nt it;~despite the fat =
~, ot the stock was illesso @
- G2fmpanysA earnings arfsdor
ardpgh epmpstff~s a
IIfsx shA.-.S
Inc eporG the Glo6S-D