The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-01-17
PROCEEDINGS III CONGRESS-.
Mr.. Van Wyck States That -Four Bill.
lions of Watered Stocks and
Bonds, on Which
Interest IL Paid, Breaks Down the
Industries and Destroys the
Prosperity Of the Nation.
THE FORTY-EIGHTH CONGRESS.



WASHINGTON, Jan. 16.-Among the memo.
rails presented was one by Mr.. Cameron, of
Pennsylvania from the Chamber of Com
merce, Pittsburg, praying for such improve
ment in the MonoDgshela River as will de-
velop the resources of the river; ais, one
from 5000 cigarmakers of Phiadel phia
against ratification of the pending Spanish
treaty.
Mr.. Hoar offered q resolution, which was
Hgreed to. directing the architect OF the
Capital to place in the room of the Senate
wing in which Vice President Henry Wilson
died marble tablet recording the fact and
the date of his death.
A bill for the relief of the Massachusetts,
Bank was considered without action.
A message from the House was received
announcing the disagreement of that body
10 the Senate amendments to the Temporary
Naval Appropriation bill. and asking for
conference, and the Chair appointed con-
feres.
The Chair then laid before the Senate the
Interstate Commercs bill.
Mr.. Van Wyck addressed the Senate. He
Bald that since 1872 all political parties had
demanded redress from grievances in trans
porsation, but party managers seemed to
learn no lesson from disaster, and
were still trying to amuse and csjole
reasonable rates, no discrimination, no pool
ing, no rebates, no greater charge for short
7han long haul This" he said, sis no
zime to delay. The work OF deception can
not longer be carried on. You can not pre-
tend . willingness to do somsthing and that
an obstinate or unwilling House of Repre-
Bentatives refuse. II the Senate falters now
10 accept the House bill aR indignant pso-
pie will believe il falters in double sense
and is seeking by disagreement to prevent
legislation so long sought and SO long
denied" The roads owned and controlled
The elevators, and the farmer. if he desired,
could not possibly ship his own grain or
cattle TO market, for he could obtain no re-
bates. The power and absolute control by
railroads was not always exercised in q
sanity manner. To Illustrate The Union
Pacific became incensed at Columbus, an
active interior city of Nebraska, whose citi-
zens were enterp-sing, and aided to secure
another road. The company determined
they should be punished for such enmity
and rebellion. The rates were changed aud
more was charged per car load from Omhaa
than to Kearney and points farther
West. So the Central Pacific, without ex-
Cuse of revenge or Furnishing rebelious sub.
jects IN their territory, actually charge to
points east of San Francisco through rates to
San Francisco, and then local rates back
Was it not evident that railroads should be
restricted from exscting more for a short
haul than for long one? Mr.. VanWyck
quoted from a letter written by Hon. Will
siam Walter Phelps, in which he said the
latter showed that Senators and Representa-
fives purchased railroad shares on basis of
one to three. Certainly" he said, stocks
and bonds according to this evi.
desce, are owned in this chamber
ON that basis. That is, you pat down one
dollar and take up three, so it would appear
zhet even members of Congress learn where
the little joker is. No wonder there is man
1fested the came contempt for public clamor
ms Vanderbilt is said to have exhibited, in
Language more forcible and not so revere1-
zial as by distinguished Senators. Accord
ang to written and printed statement of
one New Jersey statesman aud P0or's Man
nal, 81 0C0. 600 coo of fictitious watsred stock
was represented In stocks and bonds of rail
roads. On this interest and dividends were
collected from the people, made mortgage
ON every acre OF land in the Republican
Imitation paralyzing Industry, laying tax
upon the producer and consumer; vet we
must remand all this to the natural laws OF
trade. To-day the farmers of the West were
working their own farms on shares, the rail-
roads taking the lions share. They received
not 81 profit or interest on money invested
IN the lands, teams and machinery. Other
industries were equally depressed. Yet the
American Senate seemed intent on how not
70 do il, and determined, at whatever sacri.
flee. that railroad stocks and bonds should
secure liberal interests and dividends,
and great lamentation was made il
stock gamblers, who had stolen
$4,000. o00 0O0 from the industries of the Ma
lion should be disturbed in wringing inter.
est on the same from an over burdened peo-
ole. You stand epologizing for swindlers
who are wreckiDg still more the DrosDerity
nj ia hoH
wealth than the assessed property, real and
personal. OF both Kansas and Nebraska aud
Vanderbilt could buy both States and have
forty millions left. Were these millions
honestly acquired? The Senator from lows
tWJlscn) trenbled lest too much sholld BIZ
done, and the Senator from Kansas
fIngsllsl said he did not stand
as an advocate or champion
of that ''cheap demsgog that appeals to
public opinion against the railroad Rail
roads were entitled to the protection OF the
Jaw" In Kansas and Nebrasks 500 bushels
of corn will not purchase one ton of soft
coal; $50 bushels will not buy one ton OF
hard coal. Yonr sympathy EXPANDS for the
pauper labor OF Europe and India, while
yoLr hearts are steeled against g cry fol
bread. and Americans who are forced to
work ct starvation wages or have their
places supplied in the nines by specially
protected mine owners by psuper ard con-
yict labor imported under contract from
Europe. So, too, in Minnesota aud
Wisconsin. men who elect Representatives
and Senators on the theory that they will
represent them and protect their interest
must give twenty bushels of wheat for tor
of soft coal or forty bushels for q ton Of
hard. Corporations behind $1,000, 900 0O(
of stolen property for years controlling the
State Legislature, National Congress and
Judiciary as remorselessly as did slavery
need not the sympathy or active support o
Senators. 1t is the toiler, seeking labor IL
abe furnace heat, in the underground laby
1inth, and the settler in a dug-out on thl
frontier of Kansas and Nebraska, who's,
wives and children are drawing
warmth from corn because the grea
aornnrafinna rafnea 70 radnna tina rates n