New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-12-02
TIE POSITION OF THE UNION PACIFIC.
ANNUAL REPORT OF THE GOVERNMENT D1

DFCTORS-AN ADJUSTMENT RECOMMENDED.
washington. Dec. 1.-The Government directors OF
the Union Pacific Railway Company, in their annual
report to the Secretary OF the Interior under date
OF November 10, 17ss, say hat they have assumed
as a premise now beyond the scope Of discussion the
necessity of an adjustment between the Governments
and the railroad company for the payment Of the
funds heretofore advanced subsidy for building the
road Those moneys Will be due, says The rport,
by the terms OF the agreement between the parties
in a few years and ~ Is manfc, that the road IS
not now and Will not then be. I'm condition TO satisfy
the obligation. II i equally manifest that should
such adjustment not be effected the Government viii
be compelled TO take possession Of the road ana to
operate it-a result full of dangers, endorsements
and difficulties that Il should not be allowed to enter
into the discussion except last and unavoidable
solution Of problem not Otherwise to be solved 1t
nust be clear too.says the report that every year
that Is allowed TO pass without the liquidation and
settlement Of the debt Increases to serious extent
the difficulties of the situation The debtor company
* necessarily under Disadvantage as compared with
ifs unfetrered rivals. 1t owes large debt 20 The
supreme power Of thr land ana cannot deai a' TuS
length With IT'S credo'.
The questions between It and the Government, the
report saws are to be passed upon and determined by
large body Of men, coming from different parts OF he
country actuated It may be in some instances, uy an
honest prejudice founded upon an imperfect ho"edgo
or distorted representation Of facts not un requent
by the conviction that some puEoIy measure shOuII
he adopted against the corporation, even at the risk
Of diminishing its ability respond These and other
clements of uncertainty embaIass the movements OF
the company and paralyze its freedom Of action
1t +. not possible The report adds. that railway
COMPANY situated f. the Union Paclhc shaiI remain
any considerable length Of time IN the same condition.
II must Improve or Gctcioratc. The Government
directors ASSUME that some -'ttlcmcn shJ1h now be
made and commend Tho tunclu-Lps of the majority
.ie
March g. I--7. a. sound juiioious and PRACTICAL ny
adjoining those conclusions they are ni IN" OPINION
n Al he Government viii secure It's claim beyond any
reasonable risk lis lien. they assert, VIII De placed
I'm such shane as 20 make enforcement possible IN case
Of default the payment OF interest ana every year
I'm the future will make ultimate payment OF the
mlnclpa more probable. In concluding then report
The Government directors sdy nai 80 lar rs Ict nav
lccn able 10 ascertain, the Mon ParihC onPahl
has bccn I'm the last gear. managed win hd'Hy ara
Intelligence. Every hing has been done mar c9ul
reasonably be expected. to keep the road In tle me
OF Improvement and To satisfy tie Just r,ggirrmcn is
Of the Govcrnm ent. The report Is signed by n, =
HASKELL NJ ~ Hanna +. r. Coudrrt, Uranium Mac
Ycagh and +. ". savage, Government Directors