Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-06-06
THE PACIFIC RAILROADS.
Discussion of the Debt-Exs0DsiOn Bill
IN thc lIouse.
[By telegraph to the Dispatch

tBy telegraph TO the Dispatoh.l
WASHINGTON, June j.-In The course Of
the debate In the House to-day upon the
Pacific railroad dCbt-eXtensiOn bill Mr.
Springer opposed the bill, declaring that
the roads were in prosperous condition
| and conteDding that at the time the debt
would mature under the existing law roads
would Doe running through a prosperous,
thickly-settlcd country and would be value
bic properly. II was proposed nov 10 in
VCstigaic The management Of the railroads,
and he thought that the investigation
should take place before CONGRESS pissed
law which would put the question: ont
Of it, hands for seventy years. He favored
p0stponiDc further consideration OF the
bill until TIE next session OF COngres, when
The House might be in possession OF in
formation which would enable It to act in
telligentiy.
Mr.. Holman. o! Indiana, opposed the
bin and quoted from the report OF the Com
missioner OF Railroads 10 TOE effect that the
net annual earnings OF the Union Pacific
road were SS.13S, 407, and Of the Central
Pacific S7.S2o,37l.
Mr.. Crisp proposed 10 assume full To-
sp0nsibility for the part he had taken in the
matter. and the two gentlemen (refcrring
TO Springer and Ilolman), must assume the
responsibility before the country for the
gross Misrepresentation they had made,
either through. ignorance or an attempt 10
deceive the House. The gentleman from
Indiana lIOlman) reading from the report
OF the Secretary Of the Interior had made
statements which were calculated and
which, he submitted, were deliberately IN.
tended 10 deceive the House. He Crisp
had before him the same document used by
The gentleman in the book In connection
WIKI the identical statement from which he
read cleaf and distinct reiutations Of what
be had stated. The gentleman had stated
that the assets OF the Union Pacific Com
pany were $3.50. 100000, when he knew that
there was included in that unsubsidiZed
lines-lInes on which the Government bad
no lien. The gentleman had sand that the
net earnings Of the Union Pacific railroad
were s., 73S, 000, when the very same book
showed that the earnings OF the company,
within the meaning OF the Thurman oct,
were but 81 $4,000. He presented this az
a refutation Of the state nent Of the gentle
man from Indiana. The figures were right,
but when they were presented to the House
as presented by the gentlemen from Indi-
ana, they spoke, as they always spoke when
so resented-ialsely. When gentlemen
oarbled figures they would be false.
Mr.. Holman rose 10 make statement,
but Mr.. Crisp declined TO yield. when Mr..
Holman exclaimed with irritation "The
gentleman cannot make an assault upon
me- "And." exclaimed Mr.. Crisp, with
equal Irritation, "the gentleman cannot die
tate 20 me what shall say upon the floor
OF this House. lie sought IN class me aud
the committee among men who BETRAYED
the people. ! will not submit 10 II and al
low him 10 escape with impunity. ZAP
pause.l lie must abide by his figures, and
] am in no wise responsible for II. Why
did The gentleman make that statement In
regard 10 the net earnings unless II was 10 |
mislead the. Housef The gentleman stated |
that the net earnings OF the Central Paelhe |
were s7,S20,s7l. II Is marked 30 in the |
book, but when It comes to net earnings