Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1894-06-12
BUILT OUT OF SPITE
Ceary's Assertion as to Stan.
ford University.
IeNoBLE MOTIVE AND STOLEN Cash

The Base Of an Educational Institution
Gate Statesman in Favor Of Government
Ownership of Railways-Ouay Has q
Little Newspaper Story to Deny-Canery
Tells How He Met Havcmeyer.
WASHINGTON, June l2.-The hearing by
the house committee on Pacific railroads
of Representative Geary was rather SEN
sational. The representative not only de-
clared the Leland Stanford university
built with the peoples money and its
bnilder-this by imputation-entitled only
to pen!tentiary cell. but attacked the
motives of the builder. Geary argued
strongly that the act creating the Central
Pacific road contemplated that the gov
eminent should take possession if there
was default in payments. Proceedings
against individual stockholders estates
he considered useless and doubtful of sue
cess. Heretofore the company had never
been in a position to proceed against dis
honest directors, but if the government
took possession it might reach back to
1862 to recover all money diverted through
construction companies or otherwise, re-
turning it to the public treasury.
built with an Isnoble Motive.
II do not KNOW" said Geary, "why we
should put poor old Coxey, who trod on
three or four blades of grass, in Jail and
let go another criminal--because of the
enormity of his offense-who fiiched hun.
dreds of millions and defy him because
in his last moments he erected with his
A,
versity. We of California are proud of
that university, but ashamed of
the motives that built it. We know
that it was erected from meanness and re-
venge to destroy another university that
refused to make the founder a trustee.
Would You wink at the crime through
which that university was erected? No
respect for men living or dead should
blind us into leaving monuments to GRIM
inals that should be monuments to the
people"
Government Control of Railways.
"Would you have the government con-
troll this railroad or all railroads." in
CURED a member of the committee.
This railroad first; all railroads after
ward, replied Gcary.
Representative Mcguire stated that he
was opposed to any funding measure pro-
viding for an extension of the period for
the payment of the Pacific debts Boatner
inquired if Mcguire did not view this as
an opportunity to experiment on govern
! ment control of railroads. Mcguire an
nounced that he regarded it as an oppor-
tunity to settle the whole railroad ques-
ton. Mcguire could see no reason why
the government should give up the chance
OF recovering $50 COG, coo of the Stanford
estate and the Huntington property be-
cause the Hopkins and Croker estates had
been settled.
Effect of the Funding ELL.
| The effect of funding bill would be to
| postpone foreclosure or proceedings
| against the stockholders until the expira-
ton of the funding period. Maguire's
proposition was that the government
should secure the appointment of ma
iority of the directors of the Central
Pacific who should institute suits TO Sc
cure diverted funds. In conclusion he
advocated the necessityofl legislation to sus-
pend the patenting of Pacific land grants,
for which he had introduced resolution
| jointly with Senator White.