Sacramento daily record-union., 1890-04-06

III
SENATOR STANFORD.
He is interviewed on Legisiation-AIse 4
Upon His Private Affairs.
SAN Francisco, April 5th.-Senator Le- |
land Stanford, accompanied by his wife,
arrived in this city this morning, having
come direct from Washington in has special
car.
The Senator was seen at his California
street residence by Post reporter shortly
after his arrival. He is suffering from
severe cold, which he contracted before he
left the Capital City, but he says ii has con-
fined itself entirely to his threat, and that
aside from soreness of that organ and a
disagreeable hoerseness his health is fairly
good.
II em not entirely well, however" con-
Gnued the Senator, land in about a month
from now shall visit some OF the famous
health resorts, particularly the one at 'Kis-
sengen, in Germsny. Ny physicians tell
me that my health is rot so greatly i'm
paired but that three or four months of the
kissengen treatment will quite restore me
to my usual vigor.H
The Senator says that his health during
the winter has been very good, and that
Notwithstanding that social life ct the
capitalis extremely trying and exacting,
he made it point to attend all the meet
ings of the. committees of which he was a
member, and TO attend to all other affairs
of importance which came before him.
THE interests of California are gaining
ground very rapidly in Congress" he said.
The recent visits of those committees to
this coast have resulted in great good, and
statesmen are now beginning to compre.
bend our wants as the knowledge of the
States great future dawns upon them.
" have taken deep interest during the
present session in the sugar question. Of
course we could do nothing in the House,
but is possible to accomplish much in
the Senate. Sugar has become such a
mammoth industry that i. is worthy OF the
most serious consideration. j believe that
IN less than five years we will be able to
produce all of our sugar. for wherever In.
dian corn will grow there beets will thrive
also"
The Senator has a financial project for
the stimulation OF the energies of the
country, to.which he has given study, and
is anxious to bring it before the Senate and
speak upon 1t. In discussing some of the
main points of the proposition, he said:
My idea is that, so far as is possible, all
property should have credit based upon
Its value to the extent that it becomes en-
ergized and can be used in the active affairs
OF life. The illustration is found in the
advance by the Government of 80 per cent.
currency on its home bonds This :makes
the foundation of the national banking
system.
Now the Government bonds are worth
to the holder the interest, but when the
Government advances 80 per cent .on its
value it is energized to that extent, and
that 80 per cent. becomes an active factor
in fto ttS Of
the course of years great values, while the
present bond system has drawn to the
owner per cent. and has created no val
ues to the country, because the 4 per cent
.cories out of the people Therefore the
bonds have added nothing to the welfare
of the country. Property is valuable
largely according to its activity.
"The principle of loanipg by the..Govern-
ment is applicable to all property as it is to
the bonds, but real estate is the most per-
manent of all securities, and in the begin
ming 1t Is well to commence there and see
how it works. Besides, the credit of the
Government loaned to the farmers would
fetch an amount of money that would
largely stimulate the enterprise of the
country, give employment to labor and
afford vent for the energies of the peo-
pie seeking a field for its activities. The
value of property depends upon its use.
Ny idea is that the people of the United
States should loan to the individual the
nations credit. For this let the farmer
pay or IL per cent, as is deemed most
wise. By the present bond system the
Government gives the use of its credit with
no return.
This scheme and project of mine is to
energize and bring out the latent forces of
property-to do for the farm what steam
does for the engine. 1t is one of the means
of realizing the possibilities of humanity.
The Creator has not given US reasonable
wants without giving US the means of sup
plying them. 1t is only a question of de-
velopment. The intelligent control of the
forces is what is desired, aud the question
is how to utilize them to the greatest pos
sible extent. This is no new principle in
voked at ALL Ii is only in the apDlica-
ton"
In speaking of his trip across the conti-
nent the Senator remarked that this is the
quickest one he had ever made. 1--WE were
only four days and fourteen hours from
Washington, and | believe that even this
good time could be greatly reduced, as all
along the road on this side of the Mississ.
ippi there is great deal of local business
done, and much delay on that account
necessarily follows"
In reference to the iumor that the Union
with road to California Senator Stanford
stated that he had it from President Adams
that the company had no such intention.
ut stands TO reason that they would not.
as they have the benefit of our system as a
feeder to their road, and by building
competing line they would antagonizs us.
AT present they are en- ally of ours
A reference by the reporter to the rumor
that the Senator intended resigning the
Presidency of the Southern Pacific brought
forth the following reply: Before max
ing any positive statement upon that point
it will be necessary for me to consult with
my associates. 1t is not new thought on
my part. For two or three years past |
have considered that my time was too
much taken up with other matters to give
the attention 10 the details of the work
that is required. If / should retire from
the position it would result in no material
or perceptible change, as my interests
would remain the same as now"
The affairs of the university and the re-
tarding of the work by the heavy and con-
tiIuous rains of the past winter rest heavily
upon the Senator's mind. The completion
and opening of thus academy of learning
before he dies is the fondest hope of his
life, occupies much of his thoughts, and is
one of the principal objects of his present
visit to this city. He said that he feared
that this work has been so delayed that it
might be impossible to open the institution
in the fall, as he had originally intended,
but he would not know for q certainty un-
til be had visited Palo Alto and inspected
the work personally. Speaking of the
Presidency of the university, he said that
il was his desire to select some good, COM
petent man TO accept the position of Vice.
President, ''and if he proves the proper
kind of man | shall make him President
shall use care in the selection, for the rea-
son that | intend to vest him with great
power. He must have, aside from integrity
and learning, administrative ability, as the
planning of new building and other similar
work will devo've upon him. NY power to
manage the affairs of the university will
die with me. It's administration will then
fall into the hands of the Trustees
The Senator said that he had been grossly
misrepresented in an interview in the Er.
amiaer, which stated that be was anxious
TO return TO the Senate" He stated TO the
Post reporter that he had made no such
statement He merely spoke of MS anxiety
to speak upon the financial subject which
has engrossed SO much of his time and