Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1888-03-27
Cemmitteenen Asked 10
Benenber . few TAings
leaasnr 1tssfoeA Ielb Hsv 9epuDal-
essiy Ratths1i tAs csntral Pa.
eins Hae BeeD.

Of aii Who hsd heard them. The stat
oent which he wished The commits
10 unaesssand thoroughly eas thai q
osntral Pacific Railway Oompany ha
fulfilled sveSy obliRstion 10 The eovefr
0ent, and people tmpoeed upon u B
she aet Of eooaPeeo creating u In q
sinale icssanee, asid he, b u dsseeec
co - this hour b has beoo mindful Z
ever cuty il owed both to ths pohll
and TO the RoveEnmeut. He then d
tailed What ~ ohlieA,ioce vese ths
eongrsss Imposed upon the compan!
One vss that tho road shoald Be bai
and thst 10 should b completed b. Jul
lss, ls56; bus BY postina forth exsfool
dinAsy Efforts. BY hssilAttuR at no q
penses. By giving She hiReess vaas
paid in the whole countfy, By voskir
on mountains in the dead Of vinse
ghsoaah snoV forty feet deep, by q
naustina every RESOURCE TO push th
road acss % tbs Nevada deteft, the vof
sas finished in 1869, seven years befos
the time set BY congress. Inst - ho'
the Osutssl Pasifie hiled the hrst obi
Gatton imposed upcn u By conaTes.
tsaB ths company doubled the eees o
she road By this exeItion, the full buE
den Of which IL had to bear while th
oJvespment saved By the re61oed cos
Il transportation Of its military store
md mails Up 70 1876, when the sos o
congress Contemplated that the foaS
should be finished moro than the oom
pany seOeived IN gold fos the sale OF 90,
oonda received from she koSeRnnent.
The second obligation imposed By th,
,cs Of congress vas that the Oentfal Pa
ciac should pay Ave per cent. Of its -
earnings to the United States from u.
so0pies,on Of the road and thereafter
rbis obligation has been performed
fully and oonscieptiously from the day
mat the last spike was driven.
The third obligation imposed by con-
sress vas that ths government should
navs the use Of the road fos postal
military and other pufpDsss. THIS has
oeen granted IN tse foiiss, sense Ut IL
sssm. Tee npsny performed Rsner.
,u,iy and immsdiAteiy every rtQnire-
sueni Of the cover. m.Ht. Evsfy ofhcei
appJiDSed to ascerts lain whether esct
.slter Of tie Law had been observed las
rspor;ed that tie company 10 IN aefa1i,
70 nothing.
lhs fourth obligation imposed b.
congress vas contained in the rnurmAD
sct, and when she original contract Wss
changed by the passage Of that act,
Spich the Central Pac,iio believed VIC.
.ated every principle OF she laws Of the
ivptrects. q, being advised that the al
.erstiop of the original contract By ths
legislative cepar ment Was beyond lte
u,hor,ty and tina; the set vas invalid J
a.. o,xo.aru sot,c,,sssd fhA rms star "a.
be courts; and when the c5afts sus
aimed tue validity OF ths act the Osu-
raj Pacific compied with it and is still
complying with u, although 10 the Rfeat
ietrimsns OF the corporation and the
government.
Ia reply 70 q question asked BY the
,hsirman as to the effect OF the Thur
nan cot Mr.. Stanford said: "Is dissp
Coinssd its promotora Ihe method Of
Investipg the funds Vas failure. Even
& the business had not fallen OF BY
reason or the competing lines. this de
seot in lhs bill Wsald have rendered u
soxse than useless. The iund has not
accumulated. The secretary Of the
treaeury has invests d the money In gov
eminent bonds paw ina an average pre-.
mium therefor Of 3 per cent. There has
neen paid in by she Central Pacific
railroad company ondsf the act 5, S,l66.
COO, the loss on which MP to August,
1851, vas e1.C12. .066. Ia fact, all ,nsesesl
N the fuLd has been tost, and 70, all
prscticaple purposes there 10 less money
"a that sipkipQ fund than the amoout
patio In by the company BY over $5CO,
900. This iethe history Of the company
q its dealings with ihe government. In
perfoYmiuQ every detail of its obiiga-
taons is has been scrupulouely faithful
senator Stanford said that he would
not speak OF the way that the govern
mens had acted towards the company,
sisho ugh 1t had dealt vigorously With i',
arc ssed il In rumberless Ways end
forced a new coparaot upon it against
i,s will and 10 its great desriment. He
asxt directed the attention OF she COM
mi,,ee 20 the rumors that the builders
of the Central Pacific lad made~sst
,ums of money at the expense Of the
and the people. Every man
sho had EXAMINED she financial history
Of the great ecterprise without pejadice
could treat these Wild stories Win die
daip. The Qoverpment gave the com
oapy In bonds &27, ,665. $50. which we're
sod on an average Of seventy tire cents
ON the dollar ands which brought the
company only 60. ~. .l66. TIE compa.
nv also received for the sale OF its own
nrss mortgage bonds about the same
amount, making the total that Il re-
ceived from both Glasses Of bonds abou,
fSl, ,OUO,u0. Every cent Of that amount
Gas spens In tbs coastru 3tion of the
road. Senator S,anfosd said that oil
the values that the company had and
whatever Of wealth IL has gathered hes
come from lie oWn creation. Egery
dollar Of government bonds aud every
dollar of the 6rst mortgages vent inta
tbs construction CT toe road. The
building OF tee road developed toe
csnn,ry ard created great vaioes. j
vas BY creating values where no vsist
existed eefore thas the builders OF ~
road gathered their fortunes.
Senator Stanford said that the aesee-
ment be,xesn the Central Paaifs Rail
ro.d Company and ths eovsrnnent con
aitu.sd a contract. Esch party TO hi
contract covenepted TO gesform certain
things, and all those thugs which tb'
government agreed TO give the cempan.
vsre 10 become the property of th
COM psny, and Absolutely subjsct 70 1t
disposition. II the company euil: an
u.aiutained Q rosd. held IL sstjsct 4
certain government uses, paid to tk
eoyeruuens 8 per cett. Of iss net pro
c.sds and allowed the g vsrnmers B
retain one half OF the vsias Of charge
for government transportation, IL fali
perfosmed its cscirast-
Io soncsusior, Mr.. stanford ssi3 tbs
be cesrred the committee IN fransr
neu l,sislssiou sppiicabls 10 the CON
rAuy to tear in mind fifst, that 10
csss,any bad pefforsnea all iss oblias
tlens; ssocr6, ihAs it bad saved enoi
noos sumo Of money fer the eovSrr
rsent; third, thai ft never made cen
At the exye Sc ot tie governments O
peopls, fourth. thst tie ecst OF ibe rss
vas q 1eiec By tne Tremendous xst3
tioa of ;ts cousss1csioe, from which th
csverrrsent reserved great ctnsa;: 6fE'
la.t tie d-bs osso 20 the goseromsI
vsli mot be dar fos Ten year,, srd aka
sne relation Of see Gated States 20 ID
| i<rtrL Pasiac is thai OF q consrsa
| vhicn the eovsrrnsns hss no I1s:snc!
sioc 10 viasste.
| Tng CelSGIL Or WOMEN.