Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-11-22
UNION PACIFIC REORGANIZATION
Senator Thurston Believes the Govern
meut Should Sell TO highest Bidder.

Senator Thursfon Believes the Govern
meut Should Sell TO highest bidder.
Omaha, Nov. 17.-Local railway cir
Giles were given a new insight into the
various plans of proposed reorganisa-
ton of the Union PACING today. The |
matter comes in the form of an author-
lied statement from Senator Thurston
through Colonel James b. Haynes SEN
ator Thurston left this evening Tor
washington. In an interview the sem
ator said:
my resignation as general solicitor
of the Union Pacific railway has been
forwarded to Judge Dillon In New
York and will not be presented to the
receivers of the road for about week.
1 have little idea what the prospect Is
for successful reorganization OF the
Pacific roads under the plan proposed
by the present committee. l have an
other idea for the readjustment of this
government matter and reorganization
of Pacific properties, somewhat IN flhe
with the recommendation of the gov
eminent receivers, but not according
to their method of reaching the result
l believe it would be a great thing for
| the country at large to have the Union
Pacific and Central Pacific lines oper-
ent the whole country is. largely at the
| mercy of the Pacific line west of Ogden,
| operated by the Southern Pacific. which
| has the choice whether it's traffic shall
go via the Union Pacific or the South
| ern Pacific. I think it was one of the
| purposes of the government in charter
| ing the roads that they should continue
as one line, operated together, and l
think reasonable legislation can be en-
| acted to assure that result.
1T have prepared bill which l shall
introduce in the senate, the general
plan of which is this: Take state
ment of the governments claim against
the main line from the Missouri river
to San Jose as 1t will stand July l, 1896,
and offer that claim as whole for sale
to the highest bidder who will give AZ
or so per cent of the principal or in
terest; make the minimum so the gov
eminent would get nearly half of Its
entire claim; sell that claim to one pur-
| chaser, giving the purchaser all the
| rights of the government, including It's
right of entry, possession and foreclos
ure. Give to one court of the United
States, presumably of Nebraska, juris
diction over a suit to foreclose on th'
entire property and on the foreclosure
sale provide that the property should
| be sold as a whole, a purchasing com
| mittee to be created as corporation
i and as such to possess all the corporate
e powers to congress conferred upon thu
several lines
: THAT, in brief, is my ideal solution
of the Pacific roads controversy an
: reorganization of the roads as
n through line. think committe
: could be organized within 80 days I
t buy the claim for so per cent of tn
: entire amount. The sale would eXcit
: spirited bidding and the amountcreal
: lied might be greater than so per cen
II of the governments claim. The gov
e eminent would certainly get all tina
: 1t could hope to realize from any metf
It cd of enforcing its claim.
h II think republicans should try
e organize the senate without combiI
= alton with the populists. When the tw
s Utah senators come in in January, tn
d republicans will be able to organize I'll
senate, If not before.
II think the republicans in congres
ID ought to pass a general tariff act
harmony with its idea of American pr,
lection and on which we would |
willing to go to the country in the pres
ie Dental campaign. l do not believe
70 any temporary expedient to increa
the revenue"