The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-08

Huntington. that he Huntington had never
had more than four or ten shares or Gen.
trail Pacific stock, his stock being in the
finance and construction company.
Mr.. Sumner held that il was not neces-
sary for the government TO take control OF
the property. suggesting that the road
the first mortgage. 1t was probably true,
he admitted. as President Huntington had
said; that the present 1raihc rates 1 1oT,a
of the property, since 1T had to pay 8 per
cent. per annum on an Indebtedness double
Its cost and three times IT'S present pat had
admitted having spent over a million IN
past Congresses for legislation. incidental,
ly, Mr.. Sumner charged that the Central
Pacific had corrupted judges and legisla--
lures, and had debauched the poifucS OF
California.
Representative Geary said he could not
subscribe TO the charges that the judiciary
of California was debauched.
Il do not mean to make wholesale charges
against the judiciary l reypon9 9ron M q iegis-
lator of my own State" he continued eX-
citedly. land l accept it. l say that the
Central Pacific has corrupted JUDGES, J9r.
les and legislators of California when its
interest has been that way:
Representative Geary spoke briefly In IA
yor OF a foreclosure or the mortgage py
the government. Hopkins and Croker had
been long dead, he said, and 1t was a
question whether the government could re-
cover anything from the estates. III the
ll24lI " dCliUD uId " y 11@
debt matured there could be no action
against the Stanford estate until some of
the bonds matured and there was no money
forthcoming to pay. Mr.. Geary said ne did
not wish to appear as a defender of the
Central Pacific. but he did not wish II
thought that California had been utterly
not be denied that conventions had been
bought, that legislatures had been bought;
that Senators and congressman had had
their seats bought for them. He knew
that hooauSp he had hQQn elected in the
face of that opposition; his opponent mad
been an attorney Of the company, who had
been ordered to make the race he re-
ferred to G.. p. Huntington as The dis
tipguished saint who appeared before you
a few days ago in behalf of the ten thou
sand orphans and widows who were stock
highway robbery which had been perpe-
trated by Messrs. Huntington, Hopkins
and company" who. he said, had been de-
nOunced by the f1nancierS OF the world.
When Representative Powers. of Yer
mont. asked how the government could
make good its claim, Mr.. Sumner said the
the branch lines were bonded for two or
three times their value, so that the gov
eminent had no recourse except by suits
against the individual stockholders.
Representatives Kyle and Powers pushed
the question as to whether the estates were
sufficient TO cover the government debts.
The Croker estate, Mr.. sumner said, had
been incorporated and was estimated at
from $50, 100000 to $50, 900, goo; the Hopkins es-
tate Appropriated $50, 900. 900; the Stanford
estate admittedly 81, 10000, and the Hunt
ington the same.
1t was suggested by Representative Bell
tCol). that proceedings could not be
brought against the stockholders of the
read until the security, the road itself, had
been exhausted, and in the discussion 1t
was said by Chairman Reilly that no pro-
ceedings could be taken against the es-
tateS until bonds matured; that only notice
could be given of the claim against the
estate.