Idaho news. (Blackfoot, Idaho) 1887-1891, 1888-03-17

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Washington dispatch, ~
committee ON Pacific railroad. aoess
unanimously agreed 10 Tho os 's 'ody
bill, extending the time for rs,. ''a"ails
the government debt by the ssl @sa' q
roads comprised in the Union i pal.sa
system 'a''As
The bill is amended by strikin.
all roads except the Union paeis Guy
its bond-ai,ied divisions. Tba aa and
also modified by restrictions which, ~
it more positive in dealing with ea, 'aA'
tions. As an instance il direct Avn
torney general 10 bring suit Al AM. ~
recover the Incorporated AMI
the road, instead Of leaving n w,,Li Aa y
jurisdiction; The extension Of indel,la4s
ness Is for nifty years Ii Is undssssaeAas,
separate bills for each OF Tia pa'.eed
roads will be eventually reported y a'.ae
house, il having been detern,inea" ~. sas
the roads shall be dealt with iudiyia ,n1
Instead of collectively. The eon,n;slJ
this morning received from q p uass
ington, Yiee-president Of the caNut
Pacific railroad, bill for refum,lin,.W
roads Indebtedness to the rovesa, slA
1t provides that the court Of elaims ICY
make computations for finding ths 49, 49,
ent worth Of the debt, instead n M
secretary Of the treasury, and this 1870
shall also determine aud deIne, NJ
equities. The debt shall be diyiIsi ~. W
ESQ equal installments, payabIe $50
annually, with security in the sh.ns
l25-yeAr bond at per cent, ana KAN.
gage. The company may redeem !.
any time Its bonds by dlscOnntins Ns.s
ut 2 per cent There is an autbay,,
ton for relunding the first morteas.
debt by the company, aud Tia ~
clause also provides for altsfnassvs
authorization for the government y Y
fund said debt by issuing ~ ~,
five year BONDS, retieemAble by the ~
trail Pacific.
The whole amount the Union psa;s.
will pay under the hill. added A NJ
present payment OF sums la the sinls.a
fund, will DO StlO, 74l, 7O3 Taxing ~
account, says tho report, lste larqe ~,
tlal payments every Eax months n,
average extension II the debt z
whole does not exceed twenty yesN
In consideration Of the extension n
earnings u the road by the goyemnss
transportation on roads uanesi. Issss9
or operated BY tlle company viii N ~.
piled % the payment If cagreat mslS,.
sus indtallmentA u principal ana isss,.
est. The additional security 1sfsrsa u
the company N mortgages 90 brars
lines and other property may nos 81 y
great As il seems. luE il il ail the etss
pany las, and far m0Fr than tle eogsys
ment lien u0W covers An imp9gsa
change Is mate la Tie sse4;5s
% the bill which provided III
payments over and ab0gS iniergg
which shall he made by the Foaslsshega
he during thr tir8s ten year period ga
third ot ! Ter cent upon the whole dest
This IL changed a. one tenth 81 / is
cent Tor tho first ilys years, ana 49,
half II per cent for tho aecona e.
years II the same This tiiteen IA
year payments u iu accordance Nith sas
cOmpany'a suggestion that payments h
made lighter during tbs first i've ys4fs
and heavier daring the second thaang
templatrd ia the original bill IL
only pthrE material change i that MA,
toned above directing the als0Fnsy va.
erAl 10 institute amt continue 10 pfgas
cute ~ long as the United States SAL
bn th8 holder On owner Of the hoaA
authorized BY this act, proceedings a
law % In equity, az both. a. shall l.
necessary, 10 determine whether ny
stOckholdcr u said COMPANIES Or sisssg
~ them, officials, agents. ~ tapleyes
PAST or present, or other parties, bare
been guilty 81 any crime punishable II
law ia connection with said eumI@zAs1