The morning call., 1895-02-12
OFFER TO PAY CASH.
Pacific Railway Men Getting
Nervous.
BETTER THAN REFUNDING.
Will Settle With Unc'e Sam and Get
the Property.
THAT is THE SCHEME PROPOSED.
Only They Want to Put Up Much Less
Than the Amount Of Their
Indebtedness.
THAT is THE SCHEME PROPOSED.

courage and are making another assault Oh
Congress. 1t is now openly charged, and
in at least one case known to be true that
money is being used to accomplish their
ends. One OF the notorious lobbyists
around the Capitol was to-day seen giving
money to one Of the assistant doorkeepers
of the House of Representatives. whether
this was a purely personal money trans
action or a tip" or was intended to reach
other parties, can of course only be sur
missed. bat the fact that this lobbyist has
been calling out members and talking to
them in the interest of the Pacific railroads
makes it at least very suspicious clrcum-
stance. Phil Thompson, an ex-Congress-
man, was to-day on the floor of the House
circulating among members in the most
brazen way and advocating one OF the
schemes which the railroads are said to be
back of. This is that the Pacific roads debt
question be lett to President Cleveland,
Attornev-General Olney and the Secretary
of the Treasury 20 adjudicate and settle in
their own discretion. Mr. Boatner says
Congress will never grant such large dis
cretionary powers 20 these three officials.
Mr.. Huntington now has his personal
representative from New FORK, Charles II.
q,
IN WASHINGTON. Tweed appeared before
the House Pacific Railroads Committee
to-day, and late tonight was in consulta-
ton with lobbyist John Boyd at the Hotel
Normandie. where Huntington always
keeps MS suite Of rooms engaged. The
Union Pacific is anxious to settle by paying
Up its principal, amounting to S33 600,
and Messrs. Anderson and Boissevain, rep
resenting Union Pacific stockholders, are
tonight engaged in drawing up q bill on
this basis which they will submit for Mr..
Boatner's consideration. Roatner is will
ing enough to make some such compromise
with both roads, but is anxious to draw up
4 bin that would secure the Endorsement
and support of the Caiifornians.
He believes he may be able to do this by
a bill providing that the Government shall
reserve the right to pursue the directors for
the balance due after the roads have paid
their principals of the debt. He viii also
incorporate provision limiting the capi-
talization of the reorganued companies
SO that shippers will not have to shoulder
any burden caused by interest on fictitious
values Of stock.
This plan IS not acceptable to Mr.. Reilly.
the principal and let the interesS go, and
insists that his bill will save every dollar
to the Government.
He said to the CALL correspondent to-
night: e'T.don't see how The Government
could pursue those directors under the
proposed plan, after the Government has
accepted the principal in full satisfaction.
There certainly would be a very grave ques-
ton raised as to the right to do this. My
bill expressly authorizes the Attorney
General to bring these suits against the
directors
1t appears that this plan of compromis-
ing by paving the principal is not salts
factory to Huntington, for the reason that
he could not raise the $27, 800, 900 neces-
sary. Senator Brice said to the CALL cor
RESPONDENT to-day: 'tThe Pacific railroads
stock IS scattered, and the holders are for
tne most part poor men and couldn't raise
this amount Of money; though, If they
coi;id, /, for my part, would be willing to
make this sort of cash compromise"
It is certain that this IS the reason Hunt
ington IS not favorable to this scheme, for
in MS argument before the committee to-
day Attorney Tweed suggested a way to
raise this money by Government secured
bonds to be issued to the parties advanc.
iag the money 10 the Central Pacific, so
Mr. Huntington has given Reilly to under
stand that another effort must be made to
pass his funding bill, and it viii be re-
ported TO the House again tomorrow.
Mr. Reilly said tonight that he didn't
know whether the Committee on Rules
would grant any more time, and, indeed,
everybody seems in doubt as TO what this
committee will do concerning any OF these
important measures. That three men
should be allowed to shape the order of
business OF the House and have absolute
dictatoriaI powers in legislative body of
300 members is a most unusual parlia-
mentary situations but it is a fact that
these three men-Crisp, Catchings and
Enthusiastically constitute a powerful
oligarchy.
Whatever Olney and Carlisle recommend
in the matter Of the Pacific roads goes
with Cleveland, and he has only to make
his wishes known to Speaker Crisp, who,
in turn, instlrcts his lieutenants and man.
arers on the floor of the House. Catchings
and Outhwaite. The last two have already
stated TO the CALL correspondent that no
further time would be granted for Pacific
roads legislation, bit, as intirnated,
Speaker Crisp may cause them to change
their minds.
Mr.. Boatner and the Californians are
fearful this will be theeresult If SO, the
railroads will have such leaders as Crisp,
Catchings. Outhwaite, Wilson OF West Yir-
ginia, Turner of Georgia, Caruth Of Ken
tucky, and other leading Democrats to
make their fight, and the result might be
reversal of the roads temporary defeat OF
Saturday week.
The House Committee on Pacific Rail-
WAYS gave hearing to-day TO the repre-
sentatives of the companies. Eliery An
derson, the receiver and Government dl-
rector OF the Union Pacific, and a. A. ID.
BoisseYain, who represents large foreign
holdings in the same company, and c. II.
Tweed of the Central Pacific presented
proposition OF the corporations to settle
their Government debts by the payment OF
the principal thereof, an arrangement by
which the Union Pacific may pay to the
United States about $33, 100000 and the
Central Pacific about 81, 600.
The represen fatiyes of the large inter