The Indianapolis journal., 1896-12-23

the great estates which, control the Union
Pacific Railroad. which have made great
managed il as to ''swindle the sinking
fund.-" and cause great scandal i'm rela-
ton to the roads. A part of the plan was
to have receivers appointed in the interest
of men who controlled the road and better
facilitate the defeat of the government
claims.
Mr.. Gear. chairman of the committee on
Pacific roads asked il Mr. Pettigrew ia
vored the operation of these roads by the
government.
The South Dakota senator answered that
certainly the government could not possi-
bly, manage the Pacific roads worse than
they had been managed. IL would DO away
with the pools combina tions and discrirn-
ination in rates which made the American
railroads a target for criticism. Mr.. Pet
tigrew urged that the government should
embrace this opportunity for expert
ment in government ownership OF a great
continental line He 6eIieyed ne tne goseah e0srafe
the Union Pacific road and its branch
lines.
cessity of considering the important ques-
tion of settlement with the PACING roads
The Indebtedness. reaching S115,OOO 600, was
debt and the peril of its loss seemed to
disturb no one. He hoped it would be one
of the first subjects considered after the
Mr.. Morgan said the statements made
by Mr.. Pettigrew We're of most grave
character. In effect they meant that GER
tain individuals had made fraudulent COM
hination 70 load down these Pacific roads
SO as to absorb them. 1t was difficult Tor
of fraud and rascality' that had made
this subject a perfect "saturnalia Oh
fraud It was M Mr. rsi MGrgan gMobier frauds
carried on by the same methods OIL prlpery
and corruption. The subject had been SO
deeply buried i'm fraud and crime as to be
almost beyond the possibility of intelligent
consideration
A GORGON OF MONOPOLY.
AS to the pending funding bill Mr.. Nor
| gan said he opposed it, and when it came
| I'M he would insist on the fullest latitude
| of debate He particularly desired to see
! the interests of the people of the Pacihc
| coast protected against this monopoly and
| against a combination OF those two vast IN
! nuences-the Union Pacific and the Central
PaciGc-under private control. No section
of the country had been so bound and
made subservient as those of the Pacihc
| coast by this "gorgon of monopoly. lie
! believed the pending funding bill should be
/ recommitted TO the committee and more
| adequate remedy presented. The Union IA
| interest on the first mortgage bonds and
| yet il came to Congress as bankrupt ana
mendicant asking for pity IL was not only
| pa wing interest on it's own bonds, but was
| paying dividends TO British bondholuers
| These roads were pursuing what had be-
S nited nIed PSnGs Ptatssthe III running down and
wrecking of roads in order to manipulate
/ them.
| Mr. Vest interposed at this point with
a question as TO the meaning of the Presi-
dent. in his recent message that unless
| Congress acted on this PACING raiiroad ran
| question the executive DrdHcn Wouiu aS'
by Jan. /.
Mr.. Morgan gave deprecatory gesture
and and said; and IN be s MAS gyp divineIy in
spired who could interpret the dreams OF
| Pharaoh. The senator ought not to ask
me to interpret the Presidents message.
| liz any man is capable of interpreting that
message il Is the senator from missouri. 1
am not stopping to interpret the message
| Mr.. Vest, with message In hand, desired
| a more explicit answer and proceeded to
| read the Presidents words but he was cut
off. amid laughter, by, Mr.. Morgan,s earn.
est remark: II wish the senator would not
| bother me with that message"
Mr. Morgan proceeded at considerable
length urging that it WAS was lp OF supreme nf nm nm
into private hands. particularly the hands
of foreign bondholders. 1t was coming to
the point that an American stockholder i'm
| an American railroad was curiosity who
ought TO be put in side show.
Mr. Gear quickly interruptedd' d esang nnd yoIn fne
| long. not only owned by Americans. but by
American women, who held majority OF
And who owns the bonds?'' inquired Mr..
Morgan. SHOW me the men who hold the
bonds and will show you those who con-
| troll the road" II was but a few minutes
| before the expiration of the morning hour
| when Mr.. Morgan closed.
Mr. Gear spoke briefly. urging speedy ac-
| tion on the Pacific railroad question and
| saying he would seek to secure some head
way Immediately after the holidays; He
| announced that If quorum of the senators
was here during the recess. meetings would
| be held to inquire into questions which had
| been reported. Mr.. Pettigrew's resolution
| was then referred to the committee on Pa
| cific railroads.
Mr. Call secured the adoption of a resolu-
| ton requesting the secretary of state for
! information to the killing of Charles
| Gavin. United States citizen in Cuba. He
| read a letter from Mrs. j. NJ. Gavin, mother
| of the deceased, appealing for an inquiry
| and saying her son had been hacked to
| pieces by Spanish soldiers.
| After passing several private pension bills
| the Senate, at 2:3s D. M. went into eXecu-
tive session, which lasted until 1905. The
| Senate then adjourned to Jan. 5. 1897.