Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1888-02-25
SEATTLE v. 4. SATURDAY MoRIue, FEBRUARY ss 1854

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thAn - (Vitnes, vss 20 uudersssnd
hog eoeGfsss coa;d fosfeis . charter 20
. sAi;goad company granted by stase
and territorial esverrments. He could
not audesstsnd hov Mr.. Patsisou vocId
foefeit the charters Of the Parii, roads'
branch Ines vneu caneress had nothing
10 do vish granting these charters.
Af. Weber Inquired what were the
sahstsntiai reasons foe granting more
reasonable terms 20 lhe Central Pacific
than - the Onion Psci1e.
Af. LittleR rrplisd thss is vas not BE-
oause lhese Deopie vsse entitled 70 any
euoddsration q the hands Of corare-s.
6s 80 here 70 represent the oovern-
Deut. He would, II Q member of con-
eres. ignore fos time the grimes ana
shoss o0mines OF these men. IA voujd
treat the debs q . busire.s mater 90
business principles. He did NOT believe
thss the people Of the country vese cfy-
ing for the blood Of the managers 60
muoh - for the money thsy Owed this
govesnDent. Il vas The duty OF tre
counties 10 recover this money, and n |
they acted visels u would be able 10 DO
90, not eishstsndipa the eoffovfui pio
sars be bad drawn Of the present condi-
tioa Of the road. He did NOS know
whether the compsuy would accent the
provision feQui.ire them to institute
saits a0ainss their former managers for
malfeasanoe, bus any bill reported by |
the committee should incIude tha1 nro
visicn. Unless the Committee settled |
this matter on business principles the
veuld in 1891 lose 40 O0O |
600 through the Central Pacific. If il
acted wisely, in ten vears $1,000 OM |
vouad have been paid 10 the govern. |
meut and 10 ooold rest il the beljef that |
the entire debt vac In the courpe Of En-
Il vas Q matter Of no oonse-
quence whether Il gave the company |
tifsy or ons hundred years, the govern |
0suS he'd money enough il the treasury |
at present aud found it impossible 10 |
keep the revenues dawn 20 the expeuses, |
NJ. Littlef said be had found Presi. |
dent Cleveland 20 be . clear headed |
business man, ready to treat The subiect |
- Q matter Of business.
Al this point Q reoeos vas taken and |
After that Mr.. Lit,ler aid be desired to |
answer Q question which had besn |
addressed to him, O. to whether the |
frauds committed In the management |
Of the Pacific railroads would mot fur
nish Q basis for the appointment Of Q |
receiver. He thouRhs that II these |
frauds did furnish such basis the |
right 70 Q receiver existed and vas In |
dependent OF any aotiou on she part Of |
. o,nRress. and that nothing remained to |
b doae except for the attorney gen. |
sfaI to proceed vish his application.
Commissioner ABderson then 3D.
dreos-6 the COMMITTEES. There were. be |
lock st the Pacific railroad question.
Ooe vas the moral question involved 10
me remsskSble mansCement and in /
some esses the orime Of sbe directors OF
The roads. and the other vss business
question Of dollars and oents. Il would
nos bs becoming 10 congress ~ the cue
todiau Of the honor of the country 70
say that u wouid Gay TO attention 10
The former question and TO confine it.
self 10 the consideration OF the question |
Of dollars aed cents. while 10 was the
duty Of the government TO see thai the |
Law vas enforced. No direct personal
Insult had been offered 10 the honor Of
The United States. The wrong
aoue vss not such O. the gov
ernmens should seek revenge for
by the distruotion Of the corpor-
oy individuals Who should be punished
In the commission bill one
Of the terms of acceptance vas that |
tbs companies sh houid give sbe United /
Statee the richt 70 bring suit in the |
name OF CORPORATIONS against persons
uoo had committed fraud. He vas
safisded that the Union Pacific would
never make any trouble about the pro.
n NJ ,oaS since 1894 /. I'd hssn absoIn,e