The morning call., 1895-02-13
1t Seems to Guide the Committee
on Pacific Railways.
REFUKDIKG TO BE AGAIN CONSIDERED.
The Union Pacific Anxious to Break Away
From the Central in the Settlement
Of Its Indebtedness.

HuVlHS arrived mere 10 personally cOlluuCI
his affairs has conferred with his hench-
men and concluded to reject all PROPOSE
tions but the Reilly bill, and accordingly
the House Committee on Pacific Railroads
this afternoon voted to again report that
measure to the House of Representatives.
There are now three propositions for
Congress to consider: First, the Reilly
bill; second, an alternative proposition,
which the committee submitted with the
Reilly bill without making recommend
alton, however, VIZ: acceptance by the
Government of the principal and remitting
interest on both debts. The third PROPOSE
ton, as stated by Mr.. Boatner to the CALL
correspondent tonight, is as follows:
''The minority of the House Committee
on Pacific Railroads will present minority
report pointing out at considerable length
the ambiguous features of the Reilly bill
and the possibilities of the advantage which
it affords to the Pacific railroads. They
will also report bill as a substitute for
the Reilly bill providing for the foreclosure
of the Government liens at as early date
as practicable; sale of the properties at
minimum price sufficient to pay the Gov
pal of all subsidy bonds issued, together
with all interest to accrue thereon from
now until date of maturity. 1t will also
require settlement of the accounts of the
Government with the Pacific railroads
and Judgment in favor of the Government
against the several companies for what
ever amount of Pacific railroad debts
are not satisfied by the sale of the rail-
roads. The Acknowledgement is directed
to proceed Immediately against the
officers, directors and stockholders of
the several companies, for recovery, in be-
half of the Government, of all property,
moneys and assets of which the roads
have been deprived by unlawful means.
New corporations may purchase the roads
at foreclosure sale, but capitalization is
limited to the amounts invested, with a
reasonable percentage added, and the right
to issue bonds and stocks therefor is linn
tied to actual necessities of the roads and
the investments necessary to be made for
improvements"
tits believed that Judge Mcguire, Cooper
and others who oppose the Reilly bill will
unite in support of this substitute, as well
as all those who favor divorcing the Gov
ernment from all connection with the Pa
citic roads and who are making every rea
sonable effort to bring defaulting directors
to account for their mismanagement
There was not full membership present
at the House committee meeting to-day,
but Boatner, Harris, Snodgrass and Cooper
will constitute a minority against the
Reilly bill.
The Union Pacific people manifest dis
position to cut loose from the Central Pa
cifc and make their fight independent of
the latter company believing that they are
handicapped by it. The Central Pacific,
however, is desperately hanging on to the
coattails of the former. One of the agents
of the Central Pacific said tonight:
"It seems to me it would be to the ad-
vantage of both companies to stand to-
gether."
It is understood that some of the men
here representing the Union Pacific have
expressed lack of sympathy with the
Central Pacific, alleging that Mr.. Hunting
ton has diverted traffic from the Central
route, thereby diverting business from the
Union Pacific.
Mr.. Boissevain intimated to several Con-
gressmen to-day that if the proposition of
the Union Pacific to pay its principal re-
mitting interest, was accepted, inde-
pendent of what action Congress might
take in the case of the Central Pacific, the
stockholders of the Union would build a
line of railroad from Salt Lake to San
Francisco.
Mr.. Miles, private secretary to Hunting
ton when told of this smiled and said /:
"Mr. Huntington has no fears of this be-
cause the Union Pacific stockholders know
that it is better to maintain one road than
to make two roads poor"
Mr.. Miles, while disclaiming any author
ity to speak for his employer, said he
thought that of all the propositions before
Congress the bill to extend the debt for
fifty years with 2 per cent interest would
be most acceptable. He said that as he
understood Huntington's views the latter
would certainly not ask the Government to
remit any part of the debt, but only asked
time and low rate of interest in which to
nav the whole However, if such a propo-
sition came from Congress it might, per-
haps. be accepted by the Central Pacific
Company, 'for, said he, "what individual
offer to remit a part of the debt?'
When Mr.. Huntington was seen late to-
night in his apartment at La Normandie
Hotel he was with his agent, Mr.. Boyd.
The railroad magnate was reading copy
OF The CALL of last Tuesday, which Mr..
Boyd had brought him, giving an account
of the difficulty between Mayor Sutro and
Irving M. Scott. He enjoyed the pictures
very much, and laughed heartily at Sutro
shaking his fist at Scott and calling him a
Southern Pacific hireling." Mr.. Hunt
ington is always good-humored when he
refers to Sutro, and calls him "His dear
friend Adolph." He said: II see that my
friend Adolph has been petitioning Con-
gress. I would like to take my dear friend
by the hand and thank him, for he has
done me more good than all my friends. J"
John Boyd, however, is not endowed with
eo1,s soft for bac