The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-03-08
HE HAS TOLD IT ALL
Huntington Concludes by Scientifically
Roasting His Enemies.
BUSINESS OF THE CONGRESS
Consideration of Appropriation ard
Other Bills in the House-Re-
garding Capital Punishment
Worlds Fair Medals.

Washington. March 7.-Senator Nor
gan to-day resumed questioning c. p
Huntington in the Pacific railroad in
quiry by the senate committee on Pacific
railroads. The first question was directed
TO ascertaining whether the Union Pacific
road lost money in consequence of diver
sion of traffic from the Central Pacific 10
that OF the Southern Pacific.
Huntington said II had not, as IL was
fact that more than so per cent of the
transcontinental business over all rail-
roads was carried over the Central Pa
cific. He said this matter was arranged
by an understanding as to rates and dis
tribution OF business among all transcon-
tinental lines. He said this was not a
pool but mere agreement. This state
ment had the effect of diverting inquiry
into the system of pooling and division of
business, but Huntington professed not to
be familiar with the details. He said such
agreements had been in effect 25 years
The feature OF the afternoon was a live
~ tilt between Morgan and Frye over the
latter objecting to one of Morgan's Ques-
tions as unfair. Morgan was allowed TO
ask the question after saying II he was
not he would appeal TO the senate. Hunt
ington said S.0o0000 was received from
land grant sales and used to help build
the road. He denied having kept a lobby
anywhere but admitted having paid s25-
N"'fN'N " aNAoiIter anu tFuSlN men. InIs
completed Huntington's examination and
the hearing adjourned until Friday.
Huntington asserted that the aver
age local rates in California were as
low as any other part of the world.
Notwithstanding the expense Of opera
ting the roads was proportionately
much greater. In reply to questions
as TO his disposal Of stocks in the
Southern Pacific (the Kentucky corpor-
atom. Huntington said he had never
sold any of II at any price. Speaking
OF the land grant of the Central Paci-
fic, Mr.. Huntington said II amounted
TO about 1000. 900 acres. but that most
OF II was in Western Utah and Nevada
and was Of but little value. He said
the company had so far realized less
than $S.000.000 on the land grant
Morgan examined Huntington at
length as TO contracts with shippers for
rebates and other purposes looking to
discrimination but he said he knew
nothing about the details-of these mat
ters. He said. however. that the rebate
system was legitimate.
At 2:45 o'clock Morgan announced
he had concluded his examinatinon OF
Huntington and the committee ad-
Journed until next Friday.
In closing Huntington made a state
ment, giving In concise form the facts
which his examination had developed
In regard to the cost OF building the
road. the resources upon which the
work was done and the difficulties IL
was necessary to overcome. This state
ment contained an estimate of the
value OF the properties received i'm pay
for the work at so cents in gold for
each dollar. II was as follows: s2s. .000.-
600 In government bonds on the basis
OF so cents I'm gold. Si6.s00. 900; s2S. 900 900
In first mortgage bonds s1s.s00. 900;
100000 San Francisco bonds, 10000;
SIC. 100000 In land bonds. $1,000. 900; $50.
10000 capital stock at 10 cents, or in
gold at 6 cents 50. soc. .000 total s43. 3.440. 900.
Concluding he said: 1T does seem
hard that nearly 30 years after the
work has been completed. the repre-
sentatives of this great nation should
be asking the builders OF these roads
TO answer charges made by probably
as worthless a set of men as ever un-
dertook to block the wheels OF COM
merce or dog the heels OF an army or
a great industrial army like that which
works within the ranks of the Central
Pacific railroad company"