, 1888-05-26
A WAY RESOLUTION
The Board of Trade Memorializes
Congress.
The Body Desires the Passage of
the 0uthWaite Bill.
Oppose Abandonment of the Lake
and Advertise for Glass Men.

The board of trade trustees held a
special meeting at the office OF Secretary
Stable Yesterday afternoon.
After a canvas of the outlook for the
extension Of territorial railways this year,
the appended resolution was introduced
by President Warren, and adopted by a
unanimous vote:
WHEREAS, We are satisfied that the
present administration of the Union
Pacific Railway company has devoted
itself honestly and intelligently to the
task of rescuing that company from the
insolvency that seriously threatened 1t,
and that it has devoted itself by rigid
economy and intelligent management and
by the application of every dollar of the
earning capacity of the system to its i'm
provement and betterment, and to placing
it on a sound and enduring financial foun-
dation; and
WHEREAS, We be lieve it is largely
due to the present administration of the
Union Pacific Railway company that the
United States to-day holds in the Union
Pacific railway full security for the repay
ment of its whole debt and of the interest,
if protected by proper legislation;
And that it has become evident that it
is impossible for the Union Pacific Rail
way company to carry on such a system of
extension of its branch lines as to enable
it to meet the necessities of transportation
in the Western country through which it
passes, including Wyoming Territory,
without the assistance of congress in *
tending the time for the payment of the
obligation to the government; and,
WHEREAS, We believe that it is
absolutely necessary for the business In
terests of Wyoming Territory, and for the
city of Cheyenne, that said company
should have an opportunity to extend its
system of branch lines into our rapidly
developing territory;
And also that the extension of such
branch lines would greatly foster and en-
courage trade within this city and terri
tory, and would be of great use in build
ing dp and advancing the manufacturing
and other commercial interests of this ter
ritory; and
WHEREAS, The bill now before
the congress of the United States. known
as the Cultivate bill, has been in its gen
eral features recommended and approved
by the majority of the Pacific railroad
investigating committee, which bill it
seems to us is proper legislation and pro-
vidcs a method OF adjustment of the in
debtedness Of said company to the gov
ernment upon such terms, by the extern
sion Of time for payment Of said indebted
ness, as will make it possible for the said
railway company to pay its said indebted
ness to the government and at the same
time protect and further the business in
terests of this territory by the extension
of branch lines. Therefore, be it
Il csolred, BY the board Of trade Of
the city of Cheyenne: that We believe
that the present administration of the
Union Pacific Railway company is dcvot-
ing itself honestly and intelligently to the
work of putting the company IN 4 sound
financial basis;
That in our opinion said bill provides
for a Just and equitable basis of settlement
between said railway company and the
government of the United States;
That if said bill is passed by the CON
gross of the United States it seems evil
dent to us that under its wise provisions
the certain payment of said company's in
Gebtcdness to the government is amply
secure;
That we believe it for the business in
terests of the West that congress grant the
extension asked upon the terms provided
in said bill;
That the development of this territory
must, in our opinion, largely depend upon
the favorable action of the congress of the
United States in regard to the Union
Pacific Railway company, and thus to
place that company in a position to ex,
tend branch lines of railroad; that such
extension would mean to this territory
development, with all its attending pros.
perity;
Resolred, That a copy of these resolu-
tons be forwarded to the Hon. Joseph
NJ. Carey, delegate to congress from Wyo-
ming, with the request that he use his
best endeavors to secure the passage at
the present session of congress of the said
extension bill.
THE LAKE.
The board of trade trustees frown upon