New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-15
ENTRANCE or PRESIDENT ADAMS

The report sont CONSERVATION into the Inicn IA
ciNc management from which Mr Could had
practically Withdrawn. having given his stock a
scattered ownership" This lcf' Mt sidney l'l-
lon who was I'm fcchl. health at tho time. nom
inauy at the head Of affairs. The r"sponsbili'y.
however fell upon the Boston directors. who wer.
the largest stockholders Charles Francis Adams
had become a member ~ the board AT the pre-
yious years election and was taking a very ac-
tive part in the management In this emergency b.
rcprcscn ,ative. and cud"aNor ~ make some sails
factory arrangement whereby ID" proposed sum.
10 ans~er T ,e % ~ N yahn,or On
the evening of May 3. and early me following day
had an interview by appointment W.T. sen
a,9r Eimunds whom he ionnd in high
the conpsnH ''' SoT. ~ Goyernme", witch
TO pay into tho elnking fund ne amount. claimed
by the Interior Department 10 be duo SIC dwelt
tho Attorney General and Secretary - 3D." Into
ror In The rcrformanee - their duties under TIE
WITH i' cor icrsSG ds,inciness tha tho @ciion con-
templa,ed hy 'he committee under r"soutlvn
Entertainment Of the Attornc; General ana secrc-
tary Of the Interior for Grim na negligence Ia no,
against The company II, would listen TO no terms
Except that tho company pay IN without Gr"suon
Thurman act Mr. Adams end~nvored to explain
that the suit then pending va an amcahe one
rrfsd nG YIN loan rn1 h G@ycrn
mont, that 1t depended upon The decision in that
or the Government the company that II the com.
psny should now pay the Governincnt demand
without question and the suit should subsequently
he decided in rs favor Il would be several millions
ahead q It's payments and could not under The
could move the Senator. who seemed to Mr. Adj
bent on 'he company's destruction.
The situation much more Alarming than he
had supposed Tho representatives. OF tho power
ful bear combination had been working their own
viii with Congress for months while the company
had been unrepresen'ed and uniefended. until now
there was a manifest determination TO crowd the
company the wall and drive II into bankruptcy
without permitting It 80 much az hearing. for
Mr. Eimunds positively and oyen rudely refused 10
eject Of this state Of affiirs It Is necewary
member that the country "as 81 That moment on
OF ths Interview tho failure o: Grant. Ward & CO.
took place. and Tie May rnnic ~ NA' did iinm",
represented sixty millions Of stock. and was debtor
to the Government IN sum n'arIy as arg. So.
reason in tho world for Government to assist In
ticuarlv AZ a tim" when unfrl"nhly action toward
il could not affect that property alone. bur would
be likely to proiuc" widespread dianstcr Tho com
panv was confronted by the affirmative ol elmer
confcssng JUDGMENT I'm the pending suit and pay
ing the Government demands IN iun without ques,
lion or being taken by the throat by Congress and
forced into bankrlptcr. And II Senator Edmunds
were to have his way ne choice must be mad At
was concisely stated by Mr. Adams when he said
at the conclusion 81 The interview: "Well, then,
Senator Edmunds am to understand that leave
this room with roo" around my neck" To which
that gentleman replied. 'Tla' ~ the exact state
OF the cage. sir" But Senator E1munds was not
permitted to have his way other members Of the
committee were consulted. and the result that
reasonable delay granted. Between that time
and the 18th Of June an Undertaking was reached
with the judiciary Committee. by which IL was
agreed that upon certain conditions relating TO the
cessation Of dividends for the current year. and
sundry payments account TO the sinking fund.
no summary measures such as had been contem-
plated should De recommended.
v
SUMMARY OF CONGRESSIONAL. CAMPAIGN.
The campaign Of the bear combination during
the first session OF the XLNlllth Congress and its
results may be summarized as follows
Mr. Dunn. Of Arkansas. opened tho bah on the
10Th OF December with bill compelling the com
many IN nay the costs Of surveying all unst,rvovod