The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-04-18
THE PACIFIC ROADS.
HoadIey Makes 81 Statement to the
Attorney-GeneFaI.

AttOrney-GeneraI.
Washington, April 17-The speaker
today laid before the House a letter
from Acknowledgement Oiney, replying
to the resolution asking for certain in
formation concerning the status of the
Pacific railroad matters. The attorney
the special counsel of the government,
Hon. George Hoadley, who represents
that the interest of the United States
in 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
reason that the United States has not
been made a party to such proceedings.
Mr.. Hoadley says that although he
has no special direction from the. at
torney- general, yet he felt authorized
to enter the appearance of the United
States in any of the thirteen suits in
which the receivers have been APP
pointed. The bearing of the receiver
ship 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 the effort made to secure
control of the receivership in the inter
est of the government and its final ac-
complishment by the concession on the
part of the gentlemen having control
of the suits in which the receivers were
appointed of two additional receivers
to be nominated by the attorney-gen-
eral. For this purpose the attorney
general selected John w. Doane and
that even this has confirmed his opin-
ion that S. II. H. Clark, president of
the company, and Oliver w. Mink,
vice-president and comptroller, while
| designated for the positions of receiV-
ers by the gentlemen not especially in
terested in protecting the interests of
the United States are of such capacity
that their selection cannot be regarded
with anything but satisfaction.
AS to the question whether the re-
ceivers in charge of the roads affairs
were not appointed on the suggestion
of the officers and directors thereof
Mr. Hoadley says he presumes Mr.
| Clark and Mr.. Mink were so appointed
Mr.. Anderson was selected, he is in
formed 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 pur-
pose of severing the Union Pacific
! Denver & Gulf railway from the Union
Pacific, by the appointment of separate
receivers. He concludes that such pro-
ceedings seriously threatened the inter
ests of the United States and ne direct
| ed his associates to unite in resisting
| it. 1t further appears from Mr. Hoad.
| ley's letters that he prepared bill
incorporating part, at least, of the ad.
ditional legislation necessary to protect
the Indebtedness due by the company
to the United States. Many conferences
have taken place between himself an6
the committee OF reorganization Sc
tlected by some of the parties represent.
| ing junior and other interests in the
property, and some of which were par
ticipated in by the Encouragement
LAS yet" he says, I'VE have not
been able to agree upon Legislation
which seemed to the parties, yourself
and me on the one side and the mem
bers of the reorganization on the
other would be suitable to work on
| the desired results''
The encouragement has, therefore
prepared, with some assistance bill
| that is nearly ready for submission t
| Congress, and the representatives O.
the committee of the reorganizat ior
have also prepared one, and Mr.
Hoadley says, and whenever it bt
necessary to go into the points of diff
ference between the two bills, if W,
fail to reconcile them, of which l hav,
rot oi--o~ IN all hope, they can b,
C ~ explained