National Republican. (Washington City (D.C.)) 1872-1888, 1886-02-19
For the Laundry, the Bath, and for Every Household USE
We Have Done We Propose to Do Again
BUILDING OF RAILROADS.
cone Half the Railroad capitalization
of the Country is Fictitious"

On motion Of Mr. Maxey, the Senate yes
terday passed bill to grant right of way
for a railroad and telegraph line through
the lands Of the Choctaw and Chickasaw
nations Of Indians to the St. Louis and San
Francisco Railroad Company.
On motion of Mr., Berry the bill to grant
q right of way for a railroad through the
Indian territory to the Kansas and Arkau-
sas Valley Railroad Company was taken
up, when a discussion ensued, in the
course OF which the following remarks
were made:
Mr. Plntt said he would like to know some.
thing about this proposed railroad. He would
capitalized, and that it was to be built with
honest and not with "watored" stock aud
bonds He thought It time for the government
from Congress should be built for cash or its
equivalent, and he for one did not propose to
vote for any more such rights of way until as.
sured on this point
| derived from the railroad by the people of the
country, and said the Indians were properly
| protected.
Mir. Jones, of Arkansas. said the building of
| this proposed road would shorten the distance
| from Kansas and from all the northwest to the
mouth OF the Mississippi river perhaps 800 to 100
| miles.
Mr.. Van wyck offered an amendment pro.
| viding that the mortgages and stock issued by
| the company should not exceed the actual
cost in money, Of building and equippiug the
| road.
| Mr.. Jones, OF Arkansas, said the law was
| already amply protective Of all interests. lie
supposed the bonds of this road would be put
| on the market, as bonds in other cases werc
| and purchasers would be required to look ont
| for themselves ms in other cases. The pro.
moters of this railroad were not IN any sense
| spcCulGtOrs, but were substantial business
men. He opposed the amendment
| Mr. Plumb said the proposed amendment
| would not accomplish anything EVILS had
| no doubt grown out of railroad building, but
| the people of the west had been willing to ply
| for their railroads, and the people Of the east
| had made money on the bond transactions,
| for they had supplied the capital. Ifthe labor
question were to be discussed here, it should
| not be in the homeopathic cases suggested by
| the senator from Connecticut (Mr. Plato. Rail.
| road building helped labor.
| Mr.. Platt thought his reputation in the
| Senate such as TO save him from any suspicion
| OF being demagOgue. Having had occasion
lately, as member of the committee or inter
| state commerce, TO examine this railroad ques.
| tion fully he had come to the conclusion that,
| so far as II was in the power of Congress the
building Of railroads on fictitious capitaliza.
| ton ought TO be stopped. lie believed that
| one half the entire railroad capitalization OF
| the country was fictitious.
Mr.. Hoar did not think that that remark ap.
| Piled to the state Of Massachusetts,. Very few
such cases had occurred there.
MT, Plat said i applied, as rule, to t.G
| whole country. As he (Mr. Patt understood
the Arkansas law affecting this proposed rail
| road the company was required TO pay IN Il
cash amount of only $50 for every mile OF the
| road
The hour of 2 o'clock arriving the bill
went over.
Mr.. Van Wyck entered motion to re.
consider the vote by which the Senate
passed the aforementioned bill, granting
right Of way for railroad through the
lands Of the Choctaw and Chickasaw
| Indians.