, 1888-02-09

ulTcCtOTs 10 propose 10
| discuss at any length the
plan submitted by the minority report
of the commission, the objective point Of
which is not so much for the recovery Of
| money due to the government NJ the pun
ishment ofthose who are supposed to he
guilty Of having unlawfully diverted the
| property of the company Our business is
with the Union Pacific alone, rs that CONF
pany wishes to pay its debt to the govern.
mert, and as We furesee that the debt can
he secured and collected, our interest lies
with our duty In contining ourselves to
the business considerations that are in
volvcd. II, however, the government di-
rec,ors are not at liberty to express any
opinion rs tn the desirabili'y of The CO, e
recommended by the minority report, they
do not hesitate to say they would view It's
adoption with deep regret. Indeed if this
were the only alternative 1t would, In our
judgment, be better for the government to
lose every dollar Of lis debt and
execute a release to the company.
1t is respectfully submitted that whatever
may have been the wrongs done by ind.
vdulls In their dealings with the Union
Pacific, such wrongs should be atoped for
by those individuals themselves, and by
them only. To punish and destroy cor.
poration because some time in tho past it
may have been despoiled by those who
were bound in law and In conscience to
protect, 1t does not appear to he logical
mttnOu tUIpTClIlS UtT SllCn CDI1-
' ception of justice us would increase the re-
spect of the people tor the law of the land.
| The government directors deem ii unneccs-
| sary Tor them to enter into detailed &C.
| count oi tnc operations OF this company
| during the past year. the reason being that
the act OF congress of March g. 1887, vests u
commission with that power aud makes 1t u
duty To examine thoroughly and report
| upon the financial and executive admslr.,-
tions of the Union Pacific Railway Com
| pany, and the commission having
| thoroughly done this its report gives all
| the information necessary.
In summing up their opinion OF the
ADMINISTRATION Of the Union Phciac Railroad
| Coinpan the commission lays: We rcicr
| to Il Is administration of HE Union Pacific
| Railway Company since tine spring Of 1881.
| In oar Judgment IL is fully and eu irely ex.
nuetnted from that condemnation to bs
| passed on the transactions of Otlier roads
| aud relating o. other periods We are
| satisfied hat this administration has
! dev"lycd itself honestly and inteligently
| To tl.c hefculean TASK OF the rescuins uf
the. Union pAclae Railway Company
from insolvency, which seriously
| threatened it at the inception
ot its work, that IL has devoted itself hy
! rigid economy, by intelligent manugn nment
and 10y the earning capacity of its system
to its improvement and bctterment. To
place that company on sound and rn-
Iu,ing financial foundation. the effort hls
pecn couuhueu uurlhS tne past yIir WIN
| increased intelligence and vigor, and we
think 1t to be largely due to this sdmins
tration that the United States to-day, in our
| ihrouvh The value which il derives N. AN in.
| te,ral mari of lie Uninn psc;tic sysirm III
ur,tectrd bv nroper lrri,latinuS, nliI s.c,,riiv
| tor Repayment OF its whole deb. and inter
est IL gives the government directors
pleasure to express their appre-
| ity and wisdom. but the spirit
| OF iustice and fairness which preyudes the
repOrt of the com mission and of the cour.
age which IL rendered justice which is due
to the present administration OF the Union
| Pacific railway COMPANY which 40 far
| from impairinv the f,terests of the govern,
| ment. has conscieutjousIv and with signal
| ability protected and promoted the iiItpr.
est OF the government which under honest
| administration are Identical with those of
tn. company
1t is fair to expect that such q conclusive
report coming after an interrupted series of
similar rccOlhni endati0ns and reducing
: general proposition To its yery best form
| will huye enough weight with congress to
! lead to immediate settlement with the
! Union Pacific company of its enormous
| debt To the government, at the same time
| putting AN end to strained and anon a lis
| relations that heretofore existed between
| them to the detrinent of both.
| WHAT PEOPLE EAT AZ LARD.
| In the lard Investigation TODAY Fair
banks. of Chicago, described the history of
modern lard product. Twenty-fiye wears
aro lard was pressed from hog nroduct.
leaving the stearine i'm n hard Waxy sub.
| stance. for which there was little dsnnnd
| 'rhen a firm in New York conceived the iisa
| of mixing siesrina with ordiuanv lard and
! formed a compound which nave bett.r snt.
| istnction. ,.,,.ciallv I'm warm countri.s
/ tbun pnre lard. Then packinx house, in
| nnkinp lard got 10 dumuinp into mans
eyeryt6ing. heads. feet etc. and made a
product Which was offensive. having nv
| witness said. "a hogry tuste.r Retine,s
odSt aoout ior so'ie'"ihS to heulrailZS 'lils