The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-13
THE PACIFIC RAILWAY BILL.
Mr.. Reilly's Measure to he Reported
Back 10 the House.


Back 10 the House.
WASHINGTON, Feb. 1.-THE House COM
mittee on Pacific railroads decided, to-day,
to report the Reilly Pacific railway bill
back to the House for further considera-
ton. The proposition for payment of the
principal of the debt, as submitted by the
organization committee, and which will be
offered as an additional section of the bill,
is as follows:
Section 10. If either the said Union Pa
cifc Railway Company or the committee
formed for the reorganization of said com
pany, or the appointees of said committee,
or the Central Pacific Railroad Company,
within twelve months from the date Of
the passage of this act, shall pay or
Treasury an amount in cash equal to the
par or face value of the subsidy bonds of
the United States. issued to aid in the con-
struction of the railroad of such company.
the Secretary of the Treasury shall accept
said sum and cover the same into the treas
ury. and thereupon all claims of the United
States against such company, together with
all liens securing the same, shall be as
signed Out without recourse to the United
States in any EVENT. by instrument executed
by the Secretary of the Treasury in it's be-
half to the said company, or said committee,
or its appontees or said trustee, purchas-
ing the same, and all money and securities
in the sinking fund of said company in the
treasury of the United States shall be
thereupon paid and delivered over to the
said company, or said committee or trus-
tees"
An additional section of the proposition
gives the reorganization committee power
to organize e. new corporation with the
powers of tibet old corporation. An effort
rules committee setting apart time for the
consideration Of the bill In the House. Mr.
ment that was voted down in committee
will make minority report
Income Tax Resolution Amended.
JTNC,T0N
committee on finance to-day authorized a
favorable report on the House concurrent
resolution extending the time for making
returns under the income tax law from
March 1 to April Is, with the following
additions:
BE it further resolved, that in conput-
ing incomes under said act the amounts
necessarily paid for fire insurance premiums
and for ordinary repairs on any real estate
shall be deducted from the rents accrued
or received from such real estate. And
also resolved, that in computing incomes
under said act the amounts received as
dividends on the stock of any corporation,
company association shall not be in
cIuded in case such dividends are also
liable to the tax of 2 per cent. on the
national profits of said corporations com
pany association although such tax may
not have been actually paid by said corpor-
alton, etc, at the time of making returns
receiving dividends. Be 1t further resolved,
that no taxpayer shall be required In his
or her annual return under said act to an
swer any interrogatories unless specifically
provided in said act'
The resolution as amended afterward
reported to the Senate.
Patents Granted Indianiaus.
Special to the indianapolis Journal
WASHINGTON. Feb. 12.-Patents have
been allowed to the following residents of
Indiana: George N. clyrner Bloomsbury,
bridge; Holland r.. Geisendorff. assignor of
one-half to w. L. Brown. Indianapolis mus
ical instrument; John Gilliland. assignor of
one-half to j. w. Laid, W. II. Williams.
w. w Ginow and II. G.. Whittinghils Dale,
car coupling; John II. Holland, indianapolis,
dust collector. EIas Lewis, Terre sIaute.
safety pin: Robert Mcgowan, Washington,
pump cutoff mechanism for stand pipes:
Robert Mcgowan, Washington. cutoff mech
anis.n for stand pipes: William III. Norttali
assignor Of two-tnirds. TO j. III. Polsdosfer
and sons. Evansville, bottle cap. Frank a.
Rider and s. yivIaxl Fort Wayne, gas en-
CINE. Frederick G.. Wiselogel. Indianapolis.