The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-11-18
Mr.. THURSTON'S PLAN
BE Hes a Scheme by Which the Gov
srnment May Realize so Per Cent.
THE U. p. REORGANIZATION
Nebraska's Senator Thinks Uncle
Sam VIII Be Winner by Adopt
Ing His Proposition
Tariff Views.

Omaha. Nov. 17.-Local railway cir
cles wer given a new insight into the
various plans OF the proposed reorgani-
nation OF the Union Pacific to-day. The
matter comes in the form Of an author
ixed statement from Senator Thurston
through Col. james B. Haynes. Sena-
tor Thurston left this evening for
Washington. In an interview the SEN
ator said: MY resignation as gen.
eral solicitor of the Union Pacific has
been forwarded to Judge Dillon In New
York and will not be presented to the
receivers OF the road for about a week.
have little idea what the prospect Is
for a successful reorganization OF the
Pacific roads under the plan proposed
by the present committee. 1 have an
ther idea for the readjustment OF this
government matter and reorganization
OF the Pacific properties somewhat In
line with the recommendations OF the
government receivers. but not accord
ing to their method OF reaching the re-
suit. I believe II would be a great
thing for the country at large to have
the Union Pacific and Central Pacific
iines operated together as one prop
erty. At present the whole country Is
4
west OF Ogden. operated by the South
ern Pacific. which has the choice
whether hts traffic shall go via the
Union Pacific or the southern line. l
think II was one OF the purposes
OF the government in chartering the
roads that they should continue as one
line. operated together and l think
reasonable legislation can be enacted
to secure that result. I have prepared
bill. which l shall introduce in the
senate early in the session. the general
plan of which Is this: Take a state
ment of the governments claim against
the main line from the Missouri river
20 San Jose. as II viii stand July l. 1896.
and offer that claim as a whole for
sale 10 the highest bidder who VIII
give 40 or so per cent. Of the principal
or interest. make the minimum 50
the government would get nearly one
half of Its entire claim. sell that claim
to one purchaser. giving the purchaser
all the rights OF the government. In
cluding Its right OF entry. possession
and foreclosure Give TO one court OF
the United States. presumably OF Ne
brasloa- jurisdiction over a suit to fore
close on the entire property and on the
foreclosure sale provide that the prop
erty should be sold as a whole. a pur-
chasing committee to be created as a
corporation and as such to possess all
the corporate powers that congress
conferred upon the several lines.
That, In brief. ~ my ideal solution
OF the Pacific roads controversy and
the reorganization OF the roads as a
through line. think a committee
could be organized within 80 days to
buy the claim for 80 per cent. OF the
entire amount. The sale would excite
spirited bidding and the amount real
tied might be greater than SO per cent.
OF the governments cla1m- The gov
ernment would certainly get all that
II could hope to realize from any meth
cd Of enforcing Its claim
"T think republicans should try to
| organize this without combination
with the populists. When the Utah
senators come In in January. the re-
/ publlcans will be able to organize the
senate. II not before. l think the re-
publlcans In congress ought TO pass a
general tariff act In harmony with Its
idea Of American protection and on
which we would be willing TO so TO the
country m the presidential campaign
| i do not believe In any temporary ex-
pedient TO increase the revenue"