Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1886-02-04
WASHINGTON.


wAsHrsoros. Feb 2.-In shs senate
To-Day, Senator Cameron, from the Cor.-
mittee 90 NsTal Affairs, reported favor.
aoiy nis bill authorizing the Prez,d. nj
70 appoint from civil life An Assistant
secretary, 1t salary Of 5000.
They Nua show Cas.e
The Secretary OF the Interior TODAY
entered rule on the Atlantic and
Pscifo Railway Company, returnable
on March I'd next, to show can-e WIN
50 much OF the orders of withdrawal
dated April 70. ls73, and November q.
1873, Tor public land on the alleged
road OF ste Atlantic and Pacific Com
pany from San Buenaveutura, on the
facif1e ocean, 20 San Francisco. shoQld
not be revoked and the land embraced
therein restored. SomsthinR over four
and half million acres are said to be
involved
Report Of the Government psreessr.
Of the tsiss Pacific.
The report of the Government Direc
tors OF the Union Pacific Railway Com
pany vas received by Secretary Lamar
this afternoon. Uader the head of
"the relations Of the Railway Com-
pany to the Government" the roper,
says: rhe salient feature IN the re!s-
tons of the Union Pacific to the Gov
eminent ~ that the road IL debto, TO
tue Government 20 = very large amount.
the debt being secured oaiy by a second
mortgage upon a portion of the prop
srty of the company. Under these
circumstances there has grown up 40
uneasiness on the part Of Congress lest
the debt 70 the United States might be
nnalIy lost, and legislation has been had
with view TO prevent that result, but
the Legislation had 30 far seems to be
admitted on all sides to have failed of
Its obJsct, and to have brought about a
state of affairs which calls for early
action. For some years every Secretary
OF the Treasury. every commissioner Of
Railroads and every Board OF Govern
ment Directors has reported to Con
Rress that the Thurman Act, ander the
cIrcum stances az they have altered since
its a sage, Q yearly locking up 10 com
psra I'VE idleness large sums of mo ey,
90 toe mutual loss and injury Of debtor
and creditor. Ii is prob sole, therefore,
and II certainly seems to be the desire,
that early Congressional legislation De
had upon this subject"
Ia the consideration of the various
measures that will doubtless be pro-
posed, nothing can be more important
.han that the Government should h4v.
as clear an estimate as possible of the
real vaire of the property upon vhics
It's debt rests, and the lead which its
debtor carries, and of his ability IN
bear IL.
The following statement exhibits tt,
entire mileage of the system, including
all its flushed branches, on September
30, 1856, and its liabilities in bonds and
stock In the hands OF the public and its
floating debt. In the bonded debt Is
included the S35, ~, 900 Of United States
subsidy bonds issued IN aid Of the Union
Pacific and central branch and { l6 .564,-
X5l, balance OF interest on the same
less the sinking fund in the hands of
she Government, debt and stock per
mile:
Union Pacific Railroad Miles 1892 !:
bonds and United States debt, f70.2l3,-
200; floating debt, 81, $4,000; stock,
ga. 100 900; total. fl04, s93. 900.
Branch Llnes-Miles 35OS; bonds and
United States debt, - $4,000; stock.
s.. 402, 600 total, <l2 665 900.
Union Pacific System Miles $40 |;
bonds and United States debt, $40 9.k3,
900; floating debt, f553. 600; stock.
$l4 co. OO; total, x45, 546. 900.
But against this Indebtedness the
company has other assets than the road
itself, consisting principally Of land and
land assets and the stocks and tonds OF
its branch lines and other corporations
TO arrive nov at what an average mile
Of the system Is worth in earning power
and what annual charge is imposed on
It by the above obligations, We will take
the business for the twelve months end
ing on Sept. 30th, 1895, and show the
earnings Of the whole system and the
disposition made of them: whole sys
tenn. 5I49 miles, gross earnings, $28,-
GS&, l6S; expenses aud taxes, $l7, 747, 900;
net earnings, fl0.9i7, l66; income from
Investments, x754 .357 fetal income,
| Sll.6Il ,525; coupons, interest, etc., ST.
593, $50; land taxes and expenses, $40
249: sinking fund requirements, 1851,
ass; total fixed charges. S,325, 625; net
income, a.. AS, 800; United States re-
quirements, 81, .66l; surplus, 81, 307, :
2.S9.v
oklahoma.
General James b. Weaver, of Iowa,
and Hon. sydney Clark. ex-member OF
Congress from Kansas, addressed the
Committee on Territories today in be
half Of the organic vi N of the Terri
tory Of Oklahoma. General Weaver
stated that the lands are now in illegal
possession OF foreign and other cattle
syndicates. No Indians had occupied
them for twenty years, and Il was not
nov the policy of the Government 70
settle any more Indians IN the Terri
tory. Every consideration of good
government and fair dealing With the
Indians demands. he said, that this un
occupied land should be pened to set
Element under the well guarded pro
visions of the bill.
Mr.. Clark argued that the only rem
edy for the disgraoeful state OF affairs
nov existing in tbs Territory was In
| Congress, and be urged the committee
to come to the relief Of the Pc pie a.
against the rule Of Illegal mosop lilies
aud syndioates.
Dement, Csatradteted.
Surveyor General Dement, having
gone before the Committee on Public
Lands yesterday and entered general
denial of the reports OF fraud attrib
uted 20 him, three correspondents have
Joined In note to the committee ask
ing TO be allowed TO sabstantiste the
truth of the dispatches they have pub
lished about him. They ask the privii
eee Of proving that Dement, had made
the statements attributed TO him. aud
will be given al opportunity tomorrow
One Of the correspondents claims to
have preserved the notes Of bis inter
view with Dement,, and claims thai they
we're written on paper furnished him by
Dement,.