Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1888-03-18
PACIFIC RAlLRoADs.
sKuAroa srANroRp ADDRKssTs TEE ssN-
AYE SPECIAL coMnT1rKn-

sxuAroR eTANroRp ADDnKsgIs TEE sHN-
ATE SPECIAL coMnrIrHn-
WAsurxoTon, ID. g., March ls.-Seu-
at Stanford today appeared before
the senate spe ciai committee TO which
vas referred the reports OF the facine
raiivsy commissioners He said the
government bad reaped from the Cen
trsi Pacific railroad oil the advantages
any one ever exrected IL veuld resp,
and nov IL had . poor debtor to deal
with. II vas a question nov whether
the oovernmsnt would deal 40 Rener.
ously as individual creditors would uu-
der similar Circumstances. There vae
an impressiou sbai the road had de-
laysd having its land grant surveyed IN
order 10 evsde taxes. Asa matter OF
fact, tssfe had been no time shen the
road vss not plssdipe for Surveys. ana
shen IL vss not ready 10 pay fsf tnen.
tot the land department voold not sur
vey them. Any burden nov pSs upon
this road ma<s fall upon the peopis OF
Nevada and Utah. Who are already gay
ing fair charges for sefvics-
Ihe senator told srape.,aiiy tie "a.
mi,.sr story OF the ososts1stson and
conpletiou Of the lice. be said thai
the government bad loaned ifs creoif
4, tie extent of t2s looo.o 90, and the
company had issued bonds 20 Q ike
auount. TIE government honda bad
teen cold al o disceuuf, bsisaine 10
bat \ little over tD.coo.ooo. sed the
c,mpsny's bends had brought Iitsis
less than this sum. Al tie money De
rssllxsd bad been expended tn the con
strucsion Of the road. IL would De
s-en thai tbs Wild stories thss 500 ooOo.-
coo had been made oat Of the Rovssu
nt we're without foundation The
rcsd vas completed seven yeare befoss
ire limit iu time Vas reached, and be
sors thai limit vas reached the govern
men, had saved more IN reduced charges
frr the TRANSFORMATION OF it's nail and
troops than the satife investment Ths
road vas a couspieuccs success. and
could easily have rai3 CT It's Indebted
nsss 4, the government hsd the fasfe'
net. bv iss oyu set, fos.ered compe.Ins
lines. vh.cA divided the oosinsss ant
| charges. He did not sapooss that sry
| one expected the eoverumsu.'s booci
10 be raid ai maturity. The drst mort
| sass bonds ger. dne ~ ihe ssue tint
al shose Of the aoveTrmen
vese doe. Ire coupsnyis sink.ni
supd to meet the ffst mcri
ease bonds amounted 70 tsmmc
Eyrsy dollar Of this made the govern
rent security % much better. 1h
auouni ssartins 10 the credit OF 70
roxd no< 10 the treasury vss sctusli
$50 0Go less titan IT, suscans paid n
by reason OF iss inssstmens II govern
| mens bosds d high prenioma II
| rorernmees in all its other dealings rs
i sola its bceis fes vhAt 70 Q rie eet. los
,re itself Vts;evsr uish: Be the ci.
couni, yet TIE Central faeifs had col
epyeYunect bccds 81 disc5uns an
vss nov asssi TO psy teeir ssce vsla'
Ia might be SAID tcst tsas road issced
Isree sneaus Of s:oes. 50 IL tit, b
this AID rot sSsss anySoty ont q
socksoi3srs- IL tbs gotefrusns Deb
vas paid she eos.rnhssos vs2ia hss
sayet over e&a3 3.o0no. Iss pgsets I
ths rosa we're terivsd nos from tbs eJ
! eruu<us, boi solely frcu tie vAlaes ts'
~ rod bad essassd. =.
0sessai Csosssi HA,uond. OF u