Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1888-03-05
THE CAPITAL.
HAYM0ND BEFORE THE SENATE
COMMITTEE.
Mosby's Claim on the Government
Randall Looking After Cali
fornia's Interests-Etc,
IsrHcIAIpIsPArcHEs TO THE REcoRD-usIosl
THE PACIFIC ROADS.
Commissioner Anderson and Col. Ha
mond Before the Senata Co,,,,ittaa

Commissioner Anderson and Col. Hay
mond Before the Senate Committee.
WASHINGTON. March 4th.-The Senate
Special Committee to which was referred
the reports OF the Pacific Railway Commits
sion, gave further hearing yesterday to
matters relating to the affairs of the Union
Paclfc. Commissioners Anderson addressed
the committee, explaining substantially as
he had previously explained TO the House
Committee, the provisions of the Commits
sion's bill. During his explanation of the
nature OF the security now possessed by
the Government for the Union Pacific debts,
and that TO be given by the company under
the provisions of either the Commission or
Outhwalte bill, Senator Morgan asked if he
tAnderson) was prepared as a lawyer to
assert that the Government has no right to
declare statutory lien now for the further
security of bonds upon any property that
may be possessed by the company.
10 this Anderson replied that be was
prepared to make that assertion that
while the United States might require the
company to do anything in reason, it could
not extend its lien over one inch of prop
erty that was not authorized by statutory
provisions.
Later during the hearing Senator Morgan
read the following, which he had in the
meantime written out covering his views
of the point thus raised: 1.-The legislative
power is able to give remedy by legal or
equitable attachment, according to the ma
ture of the property to be sequestered, to
simply contract creditor whose demand
is not yet due, and an attachment can also
be prescribed in the statute according to the
judgment of the Legislature. In this case
the necessity of doing this by general law
(if there is any such necessity is avoided
by the reservation of power to alter or
amend the statute. suppose that reserva-
ton has as much reference to providing for
the security OF a mortgaged estate as TO any
other possible need for legislative interfer-
ence and that under its provisions Congress
could give such remedy against consoli-
dated company"
Anderson contended that if the question
thus raised shall come up at all, it will
come not as against the Union Pacific,
which now offers ample security tor its
debt, but against the Central Pacific.
HAYMoND's REJoNDER
To this Colonel Raymond, attorney for
the Central Pacific, reioined that the repu-
tation and integrity OF the Central Pacific
Directors having been assailed, they would
assent to no bill which should propose to
settle the question upon mere moneyed
basis. They would assent to any bill
which provides Tor fair investigation of
all these facts by the Courts, and would
answer all questions regardless of the stat
ute of limitation, all questions as to
whether they were bound to the Govern
ment and would agree with the United
States upon the same principles that govern
the transactions of a guardian with his
wards. They claimed they had done no
wrong to the United States. That was WHY
he had proposed to the committee, a few
days ago, to go over this case upon an en-
tirely different basis, because he was ad-
vised the Directors of the Central Pacific
would not make simply moneyed settle
ment. They could afford to lose this prop
erty, but they could not afford to trade
upon their reputation, character and stand
ipo