Arizona weekly citizen., 1888-01-07
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NEW YORK, December S0-A special to the World from Washington purooTts 10 give Hn authorized summary Of the two reports of tho Pacific railroad com mission now m President Cleveland's nands. Oommissioners Anderson and ' Llttler hled one Tepor: and Commis- sloner faftison the other, The maiori- y report cOntAlnes some structures dpon certain indicates prevarications of the truth oy Gould. Sage and other former directors ot the Union Pacific, and by Stanford, Huntington, Crocker and Hop- kIns of the Central Pacific. it says the Onion Pacific seems to have passed out Of the control and ownership of those responsible for indicated frauds, and that the present management seems 10 be honest and conscientious, both in respect to the interest Of the stockhold- CTS and creditors 1t speaks highly of the present condition of the property in point of road bed, equipment and ser vice. lt Is accompanied by draft of 0 oil suggesting that the time for the payment of the debt due the govern ment be extended fifty years, but that she roads shall execute formal mort gage to the government which now has only statutory lien, that the deb. be funded Ri three per cent per Hnnun, | payable semi-anuually directly into the United States treasury. but that the roads shall have the privilege of taking | up part of the debt ID advance; that the reads shall provide a sinking fund of one-hslf Of one per cent. annually upon total amount of their debt to the gov ernment for ten years and trustees shall then provide for proper per centum pay ments to the sinking fund.
 The minority report, 1t IS claimed, de- nounces the former officials of the Union Pacific and the present mansgement of the Central Pacific, and says II IS not a n ere question of the psy ment of the government debt. but of the punishment of these offenders. The commissioner recommends ths: the government insti- tute suits to have the charters of both of tine roads forfeited and for the appoint ment of receiver who shall have the power to institute civil Bnd criminal suits against the oficiRls. He suggests that the roads then be offered for sale, and he believes they will be bought Tn by the stockholders.
 WASHINGTON. December 30-The nj
 
 cific railway commissIoD covers sixty eight pages of printed matter. ItreCiies that the subsidy bonds granted to said roads, amounting to S60,OCO.OOO. was sf- terward reduced to S4 0O0,0O0, which formed part of the original scheme Of communication between the Missouri rIver and Pacific ocesu. It shows the payment of interest by the government l. l. e1- ing to Sl14 100000, and grRnts of land from which they have already reRllz d S3l, ,000,000 with S26.000,OOO yet unsold and receipts of aid from other sources of S3.000. GOO, and he also estimates that the companies have had the advantage of S200.000,O00 representing the govern ment's annual advance of nearly S4,OOO,- 900 which the companies are not requIr- ed to pay until maturity of the subsidy bonds in IS95-99. He calculates that to be near S157,000,000. The commis- sIoner says the roads were built for less than S96 coco, but they issued stock and bonds represe nting total of s26S.- 0O0.0O0. The commissioner then says that nearly every obligation these cor porations have assumed under the laws
 
 riers, have been violated. Their man. agement has been a national disgrace. Since tbe date of their inception they have been conducted on purely specu- lative basis. These aided companies combined with others to tax the com munities which they served and they forced the consuming classes of all sec tions of the country to contribute to She -E .E..- . eA fictitious capital which they had Oreated. They discriminsted between articles. They favored particular individuals and companies. They eLerted terrorism over merchants and over communities, thus interfering with the lawful pursuits Of the people. They participated Tn cleo ton contests by secret BciF, sDd by O. lent and raid fluctuations in rates they menRced business, psrsly zed capital and retarded investment and development.
 The majority repor; of the Pacific railroad commission IS now ready and will te submitted to congress on Its re- opening. The majority report signed by E. Ellery Anderson and David T. Littler IS favorable to the Pacific roads, while the minority report, EI-Governor PattisOn, is hostile and declares that the aided railway compsUies have failed to keep faith with the government or to satisfy governments claims. The ma iority report speaking of the Union Pacific finds the main line well built and equipped, while the branches have largely to the earning power or the road. The actual value of the mRin line from Omaha to Ogden, with equipment is placed ct S150.G00.0OO. As ibe gov ernment lien on the Ksnsss Pacific does not apply to the terminal faculties st Kansas City, the commission deemed It impractical to estimate the value ot that property. The report then shows tbat the present value of the obligailon of the Union Pacific to the United States is nearly S5l,OO0,OO0. Reckoning 5 per c-p: on this the sum under the provls- ions of the mortgage proposed oy the bill and nne-half of one per cent out standing bonds, Sl ,s00,000, would repre- sent the annual requirements, when after the expiration of ten years would become s2,O000O0
 NoGALEs. Dec. 3l.-The report that Lorenzo Torres has been forced to re- sign the office of Governor of the State of Sonora, Mexico, IS incorrect. The law of Mexico IS that no governor can leave the state without sancuon or 'he legislature, snd Torres wishing to per souslly superintend the starting of gov erpment stage and mail line between Hermosillo and MszstlsD, 6 resolution WAS passed by the legislature allowing inc governor to go beyond the limits oi the state.
 READING, Pa. Dec. 3l The latest sd- vices from points on the Reading sys- tam are to the effect that the men re- insed to obey the order of ihe conSen- tion of employees to strike.
 LOUIS, December 3l.-Detsils nsVe ,asched here from No Mans Land o' tbe capture and lynchinE of ihe Kelly family. whose horrible crimes were hs s,-o.ious as anything committed by me Rander family. The kellys left theiI ranch. going south. end posse toi,oWed ,bam fifty miles in TeIes. The old man escaped bat bis son Bill was hanged shu mother and daughter shot while tne nosse were endesvoring to capture thein'
 MADRID. December 3l.-The spanish ,ovarnment has invited representatives of the United States and Spanisn American republics to cooperate ID Te tue Sbr,stopher Columbus celebration. The L-- Loo, haarkriy adODteu Dy