New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-25
THE AIDED PACIFIC ROADS.
COMMISSIONERS GIVE THEIR OPINION.

uEssRs LIrTLER AND ANDERSON APPEAR BsFokh
rH, HoUsK COMMITTEE.
WAsutsGrox, Feb. 24-In response 10 inFitat'ou
Msssrs Litter AMI Anderson Of tho Paciho hA'r"su
Commission sppearsi before the House Commit'oe o"
Pacific Railroads this morning Commissioner fAIti-o"
was present but is expected to appear al IA oA"
day.
p,,or. asking M, Litter to express his views npou
thu Pacific R,lrosd qa ssuon tho chairman presented
and hal placel file a lsttor IRON Mr.. hunths1on'
who calls attention the fact that he was Wy
reason OF interruptions from giving fu answ"r ~ ass
last hearing 70 question pat Is TO what tile Centra
Pacific Railroad hal d,as toward P.yins its dent AZ
maturity List unee mtg It suppose thar ne o'a
no, wish to make ne thinks aivslbie 20 m'Ao
1t In writing.
Mr. Ittler then ldressoi the opm nltee. Taxing up
tho case of the Union Pacific sel attention I'd tho
fact that TIE uortv nal rep rtii thN tno onion
Pacsc was solve 1T with fair extension woaid DO
able to pay rs DEBT
Turning his attention to the Central Paoihc Rslro'a
Mr. tter said that country which tho roaa
ran from Prom ,ntory Pju TO the fruckse River WAS
the poorest he al The Csntr u Pachc Coh
p,uy" said Mr. Ltter, towns everything OF value vi
California including the city OF San Francisco ihe
controlling ms nbers OF ttat company owns1 ie
mai ,rty OF tho strest line, In San Francisco foe
terminal faciteA Witness msntionei this to show tue
importance Govern snt liei over taoss
properties II It could BIS done as me ms OF hrsey ~"
creasng is security for the compsny's deot
said Mr. Littler: Some OF US wouid hang the cnief
spirits OF this companS he Central Pac ihc) some OF us
would seize the property, all OF US wo ud make them
nav 100 cents on the dollar The witness mad not had
tim, Z, coufer enougn wit, Mr.. An erson on the subject
yet at present thsy goo reason ~ the Govern
ment cou nit It's claims to tue Court OF Cah,
with the rght appeal tn the Supre ne Coart He had
every conf ience ia the courts
Mr. Cultivate asked how wold do TIC take oil OF the
far
and AT the cad OF that tim; 60 for the men who had
ravished the compiny
Mr. Litter reptile alphabetically that the Governmene
would DOT get a dollar under that plan.
In answer 10 Mr wobsrs question TO why II would
not be well 10 receiver to b, appointed for the
Gem raj Pacific Company. Mr.. Ltter said that pro 3
pecve insolvency was no ground Tor the app III iheht
II receiver an the supreme curt uniortisateiy 10,
thr had bel that not dollar or the uept
would he due 1897. that default could not be
TcciareI Ana suppose II got order a receiver
me Hoxernmcn: yonII receive n worthless piece VI
property which it could not operate without loss
Tiers were he sid. two poi of view froD wncn to
look at this Pacific karold question One wa. the
the moral question involved in the remarkable manage
ncnt and ia sumo cases crime OF tue directors OF thc
ro L. Viewing tho mltter rs moral question. the
majority hal recommended hill ch would EN- ct the
punishment Of toe oenarr we IN us me- p,
Thr nj or these raiiro us III been ntei ny
extraordinary Tin lnct o. ubiultons AT rSaled In
daring tie gre enterprises OF Iuerors in war
There methods, sad tue speaker. whlci Con-
10 roceei to a forfeiture an rrcelyerSlp The other
was to devise W iicn the companies would
accept and in Com bill, of the terms OF
acc.ptaace was mat rho companies should give tue
United states the glt tn BRING suit in the nam OF th
rpordiions ag iinst the persons wIo hal 30 anitei
FIR nd rne court, hal decided that no sut csud be
successfully instituted until deb fell due. AM thc
only 40 suit could b. brought now ~ for
Con sress hill Ia such shape tna the corpora
tons wond accept IL give the Government tue right
TO hrins suit. In regard to the question as to
whrt ser the mphues woull accept bill with that
provision IN II, COul Only SPEAK froL general IN
formation he had received but he satisfied that the
Union Pncfc would never maze anv trouble no ut tue
pr vision The Cenru Pacific not going To lot go It's
GRIP upon its system II II cOui mag any KIM or
teriis He thong that he 50 cGnOdrrs wOull Insist
that e bill should he accepted. Why should these four
men. gorged with plum Ter. 10 the stockhol !ers:
Here Is bill hut will MT accept because II brings
into curt These four men did not hold majority
uf I ie stock to-day
Mr. Tracy in luired why they retained In the
directorate.
Mt An lerspn replied that thcy skiltul managers
AMI. whils the mDn,y 10 wing into their own
pockets they hat lat drbble nto the mouths OF
Those whom they wanted 10 keep silent
Chairman Oitlw ait asket " act Ter IL wonl not ne
sufficient IT iuud upon itch TO base an application Tor
the appointment OF Il receiver when company fahs Nv
manipulation pay sin Gle dollar in preparation Tor
the PAYMENT of its deht soon 10 b'co NJ due
Mr. Litter ad nltte1 that sncl an application mlgnt ne
made but he inquired no" tho io"oi'Of "s"i
operate the rad.