New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-05

rule mess In csiia stng tho amount that shotnd
be allowed by the United states to tho Companies
doubt tho promoters Of that road would bsyc saved
l;Ig' portion Of the assets at their command and
thcy had boon permitted TO OCCUPY the fourteen wears
allowed by tho contract but instead Of that they spent
charges. to anticipate the for opening the road
and came out several millions Of dollars in debt
BY giving effect to tho information which Congress
has In to tho inquiries directed by the Act
suggested by STAFFORD to settle the accounts
between tho Companies and tho Government tho truo
Of 1854 viii be caoc1sllv and eGuabIv carried out
Tho intent was. that the Government should 20 re
imbnrsed for the principle and interest Of the bonds
loaned by the services Of the Commands and FIVE
cent the net earnings It has received such con
sei alton IN heapns measure compete ana r"nnahs
It has kept within its treasury moro than the principal
and inie est Of the bonds constituting is loan &c these
Companies
1t Is a maxim of cuuitv often used In Illustration
"tha YOU cannot eat your cake and keen II y but that
the position in which partisan advisers have placed
the Government by their ill-considcred counsel
The Central Pacific have already paid the Govern
ment in services and money about @11 ,000. 000 put
I'm addition to this and the payments made by the
Union Pacific; at the time Of the maturity OF these
in money by the building OF the roads of these com
panes nearly sl05, 100000
That the amount is not larger Is dIe to the oyer r.
cid Of these roads could not be used as deposit i9r
national banking purposes and they were not rot 9ay
ernmcnt a provision which was marked feature IN
an tho other loans issued at about the same period
II these bonds could have been called ten years arer
their issuance the rate OF interest would have been
reduced from six FER cent to three ana the accounts
between the companies and the Government would
have presented different showing than they now do.
WHAT WILL THE GOVERNMENT Dor
It remains TO be seen, whether the Government
will avail Itself OF the information Which its Commits
sion has collected in to the inquiries directed
by Congress- and will proceed to settle with the Gen.
trail Pacific Railroad Company on the basis OF the
would settle this controversy I'm manner be-
fitting the dignity Of nation that has received SO much
benefit from the contract 1t made with the Central
Pacific Railroad Company go.
IT, however dIsreeardng that which appears from
all the facts and circumstances OF tho case - DO It's
plain duty In tho premises; II shall use Its power to
scrape into its treasury other benefits and other
moneys, beyond what 1t has already received, IT VIII
the Inhabitants of that arid and elevated territory lying
between the ROCKY Mountains and the Sierra Nevadas,
and in levying tribute on the potatoes grown In the
alia lands of Nevada tho Wild hay saved from the
rive precarlOus subsistence from the sagebrush on
tho line of the Central Pacific for the completion Of
the lines other than the Union and Central aided
by the Government, and OF the Canadian Pacfc,
effectuay prevents profit being derived by the
Central from its through overland traffic.
The Central Pacific Railroad Company present this
statement ruthfly showing the history OF It's re-
atOns with tho GOvernn ent, and proving that II has
grevousy suffered by the persistent disregard Of their
legations by the United States
II seeks tho equitable settlement which the
evidence taken by the /" Commission" directed by
Congress, shows to be its right, and asks that it be
made without delay.
ROSCOE CONKLING,
WILLIAM d. sHIPMAN,
OF Counsel