Evening star. [volume] (Washington, D.C.) 1854-1972, 1888-02-08
The Consultation Centennial.
REPRESENTATIVE HOOKER's ARGUMENT BEFORE THE
HOUSE COMMITTEE RULES.

tuc Vi u COuluIltct vi tuc CclcUTdtlOI
in Washington Of the hundredth anniversary Of thu
adoption Of the Constitution, and the four hun
dredth anniversary Of the landing of Columbus
The committee listened to him for half an hour
with marked attention. He gave a history or lht
origin OF the movement. and called at
been received by the American Republics
and by the governors OF the several states and Il
the progress that has been made In the prepare
ton for the event. The patriotic purpose OF the
celebration and the advantages to follow from
brn, Ing together the representatives Of the Amer
lean republics h. thought worthy OF consideration
the matter further before reporting TO the House
any Recommendation In the matter.
Union Pacific Railroad.
REPORT OF THE GOVERNMENT DIRECroRs-RRCON
LIMITATIONS IN KEFBkENCE TO THE REFuNDING Oh
THE SUBSIDY DEBT-RsvIEw OF THE REPORTS Oh
THE PACIFIC RAILROAD COMMISSION.
A. C. Haskell Franklin Macveagh, Jas W.
Savage, Frederick r. Coudert, and N. A. Hanna
the Government directors Of the Union Pacific
Railway Co., have submitted report to the Secre-
tary OF the Interior In which 1t Is stated that In
their annual reports for several years past they
have recommended the refunding OF the subsidy
debt OF the road and its extension through
period or years OF sufficient length to al
NIT Of its final extingushment by The
company and the exchange OF the present security
for security covering all the unencumbered as
sets, and which would give the Government, In
case OF forfeiture, completed and profitable rail-
road system The report adds that the Commls-
sioner OF Railroads and his predecessor, also the
Secretary OF the Interior last year. and the recent
report OF the special commission, and In fact all
who have Ofcially considered this subject for the
Government, have reached the same conclusion.
In view or these facts the directors express the
earnest hope that no further delay will occur IN
passing such settlement through Congress.
The report then proceeds to call attention TO and
comment favOrably upon some new features pre-
scribed in the report or the Commission. such as
the suggestion OF q mortgage to secure bonds to be
hx-f no NIL ha
Government at its option TO take some action
against those persons who may have tempered
with the property OF the road and thus diminished
the security OF the Government; to abolish the
Office OF Government director, and to make the
Government in all respects an ordinary mortgage
creditor and the company an ordinary debtoHs
The directors state that they do not propose To
"the objective point OF which is not so much the
recovery OF the money due to the Government as
the punishment Of those who are supposed to be
guilty Of having unlawfully diverted the property
Of the company"
"Our business" continues the report, sis with
the Union Pacific Railway alone, and as that CON-
pany wishes to pay its debt to the Government,
and as we foresee that the debt can be secured and
collected, our interest lies with our duty In con-
inning ourselves TO the business considerations
that are involved"
The directors add that II they expressed any
opinion as TO the minority report they would say
that they would view Its adoption with deep re-
greet. 'Tndeed, they add, 'ff this were the only
alternative II would, In our judgment, be be ter
debt and execute a release to the company"
The detailed operations OF the road are omitted
because these facts b we already been presented
In the report OF the Commission.