The morning call., 1894-04-18
UNION PACIFIC AFFAIRS.
Exact Status of the Road Just
at Present.
UNCLE SAM HAS AN INTEREST
Which 1t Would Appear Is at Present
Being Pretty Carefully Looked
After.

WASHINGTON, April 1.-THE Speaker
to-day laid before the House letter from
Acknowledgement Oluey, replying to the
resolution asking for certain information
concerning the status of Pacific Railroad
matters. The Attornev-G General submits a
COPY of a letter from the special counsel of
the Government, Hon. George Hoadley.
who says the Union Pacific Railway has
not been legally affected by anything done
in the action wherein receivers of that
railway have been appointed, for the rea-
son that the United States has not been
made party to such proceedings.
Mr.. Hoadley says tnat although he has
no special direction from the Attorney
General, yet he felt unauthorized to enter
the appearance of the United States in the
thirteen suits in which the receivers have
been appointed. The bearing of the re-
ceivership upon the practical interests OF
the United States, he says, depends upon
the character Of the receivers and the
maintenance of the property by them in
the highest condition which their earnings
might permit. He notes he effort made to
secure control of the Teceivership in the
interest of the Government and its final
accom- plisbment by the concession on the
part of the gentlemen having control Of
the suits in which the receivers were ap-
pointed of two additional receivers to be
nominated by the AttOrney-Grneral. For
this purpose the AttoTney-General selected
John w. Doane and F. Il. Coudert Mr.
Hoadley asserts that even this has con-
firmed his opinion that S. II. Il. Clark.
president of the company, and Oliver W.
Mink, vice-president and controller.
while designated for the positions of re-
ceIvers by the gentlemen not especially
interested in protecting the interests of tie
United States. are of such high capacity
that their appointment cannot be regarded
with anything hut satisfaction.
AS to the question whether the receiv-
ers in charge of the roads affairs were not
appointed oG the suggestion of the officers
and directors thereof. Mr.. Hoadley says
he presumes MI. Clark and Mr.. Mink
we're so appointed. MIR. Anderson was
selected, be is informed and believes, at
the instance of the officers and directors
and other parties taken into counsel by
them. Mr.. Hoadley refers to the litigation
pending before the appointment of the two
additional receivers for the purpose of
severing the Union Pacific, Denver and
Gulf Railway from the Union Pacific by
the appointm Of separate receivers. He
concludes that such proceedings seriously
threaten the interests of the United States,
and he directed his associates to unite in
resisting it.
1t further appears from Mr.. Hoadley's
letters that he prepared a bill incorpor-
ating part at least of the additional legis-
lation necessary to protect the indebted
ness due by the company to the United
States. Many conferences have taken
place between himself and the committee
of reorganization selected by some of the
parties representing junior and other in
terests in the property, and some of which
were participated In by the Attorney
General
"As yet," he says, eve have not been
able to agree upon legislation which
seemed to the parties, yourself and me on
the one side and the members of the reor-
ganization on the other. which would be
suitabl 10 work out the desired results"
The Attorney-General has therefore pre-
pared with some assistance a bill that is
now nearly ready for submission to Con-
gress, and the representatives of the COM
mittee of reorganization has also pre-
pared one, and Mr.. Hoadey SAYS,
whenever it be necessary to go into
the points of difference between the
two bills If we fail to recognize them. of
which l have not given up all hope, they
can be easily explained"