Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-02-17

NATIONS CAPITAL
Bill 10 Regulate the Affairs Of
Pacific Railroads.
Bill iof Ascsftairmsrt Of United States
Debt Il Mortgages.
Our Coast Barqust to Susan
3. Anthcny-Peusicns

| OF tue House SATURDAY. Inc l1ufnAi u n
dss's proceedings vas approved. yeas l2e !;
nays /.
The republicans were hrst to feel the ef-
iec,s OF the new rules several OF them v h0
were not present during the roll call being
| refused PERMISSION TO record their votes
thereafter.
BaLks Of fMsssschusett. asked unanimous
consent fJr the immediate passage of =
Joint resolution au horlxing the appoint
ment Of 80 additional medical examiners in
the gension bureau.
Richardson of Tennessee thought the
rules should be adhered To and he object
ed.
Dunnell from Minnesota from the com
mittee on the eleventh census eported hack
the Senate bill providing for The ascertsining
Of the mortgage Indebtedness Of the count
ny.
Dockery of Missouri offered an amend
ment providing that sections l3 To l6 of the
original census act shall apply - the pro
visions Of this act. He stated that the bill
was not an amendment TO the original act
and consequently its defect lay in the fact
that it failed TO provide any pains or penal
ties for officers guilty Of mzlfesssnce or for
any person or corporation who refused to
answer any quest ms lr)poonded.
Dunneli SAID that although he did not
" sh to delay the passage of the bill he
would make no objection 10 the amend
ment.
Buchanan Of New jersey doubted the
power of Congress to compel United
States citizen to disclose his Indebtedness
to ANY body.
The amendment was adopted, SO to 63,
and the bill as amended passed, yeas, 1873
nays %.
fubiic business was then suspended and |
the House proceeded to listen to IIropri- |
ate euloges to the memory of the late
Hon. Richard W. To~n-hend of Illinois.
Addresses were made by Messrs Holman |
of Indiana, Hooker of Mississippi, Comp |
ton of Mary land, Cutcheon of Michigan, |
Henderson of IoSa, McMiilin of Tennessee |
and Williams, Henderson, Cannon, Lane
and Springer of Illinois, and then As q
mark of respect to the memory of the de-
ceased, the House, at 5 adjourned
Bill to Regulate the Pacific Railr Dad
Affairs.
The Senate special committee on Pacific |
railroads, after many hearings. thorough |
investigation, and careful consideration,
finally accepted the reporls of Senator Frye |
on the Union Pacific and Senator Davis on |
the Central Pacific, agreed to draw q bill |
providing for the rvfund.ng of their |
debts. /, appears that the Central
Pacific under the terms of the bill to
be reported can make final and full pay |
ment reas0nably certain. The bill agreed |
upon provides FOR Ii ding the present worth |
OF the ndebtedness On The first of July |
1890, and for the pay ment to the United |
) ates of that amount with three per cent
interest payable semi annually; also 4 por- |
ton Of the principal semi Annually 50 that
the entire debt may be paid IN tifty years.
1, requires the L nion Pacific shah give a
mortgage on all It's property aud preserves
to The United States on Its pfese Mt statutory
lien. And prJviIes IN event of failure OF
ssid Company TO accept the pruvis,ors of
thus act II shall be carried TO the C edit of
the slnkiug fund aud half of h. compensa-
uon for services re nGered for the govern
meni. IN addition thereto of 81 ,UU0 900
year or IS per ceutum of the whole mel
arniugs 0t tht Union Pacific railway com
psuy: on the failure TO psy, receive
sha / be appointed 10 upef ate SAID compai
uitII tie prlhciple. and interest of the drt
10 fully repaid. And provides for the sscei-
tan mt nj ut the preset worth Of the debi
OF he CeI tral Pa fc railroad compsuy
tor the pay ment OF Interest at the rate OF
per ceutum per annum payable semi-an"u
ally. shd 50 much of sbe prinelpil as shall
result IN the la, ment of the enIire debt Iii
tb years. Tie blii requires mortgige on
The entire proper OF Tue Central facItu
rsnruad mpany, and that the sou hrru
Pacific railroad company, and Central Pa
cite shall make the present lease su1sistinx
between tht m of additional security TO the
United States tor the pay ment OF this debt
Either OF sad Companies may extend the
payment OF or refund the indie btedue,s
prior 10 that of the United States, to extend
the par value of sucn fir It mortgage bonds.
at a rate of interest not to exeed 5 per
cent. In the event of any default for Do
days in the pa, meut of the interest or THE
principal as requir' by the act, the entire
debt shall immediately mature. The
United States may retain all money due
these companies tor services until the in
stallments OF principal and iaterest upon
their bonds bext maturing after such ser
vices have been rendered are fully paid
The companies shall pay no dividends uu-
less the same are actually earned, and un
less the companies have paid all the inter
est ara nstured debtedness due, with the
peaslty Ter the collation. of the act by any
director OF ofhcer.
The biii provides for the repeal of the
law requiring government directors. ard
also of the lass imposing limitations on the
rights of companies 10 acquire property
ex;end railways, etc, etc. The bill Aill be
reported to the Senate this week.