The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-04-22
HUNTIN' IN Scored.
Senator Mo, SIN Pitches into the
Railway Magnate.
OPPOSED TO THE REFUNDING BILL.

Tho Alabama senator Says the Proceed
ings Proposed by the Committee IL One
OF bargain and Sale In Disposing of the
Rights OF the Covernment-substitute
Bill offered Remarks Made ON the
Matter.
WASHINGTON. April s2-The views of
Senator Mosgan Oh the Pacific railway
refunding bill were submitted to the SEN
ate Tuesday The senator takes a posi-
tion decidedly antagonistic to the bill re-
ported TO tho two houses and begins by
sharply criticIsing the joint meetin gs OF
the sub-committees Of the two houses for
the formulation Of the bill.
He characterized this concerted action
as breach Of duty and privilege. "Such
action is. he says, calculated to bring
the pressure of outside influence of the
most serious character To bear directly
upon the action OF the senate and to its
free judgment upon the measure before
it. The added burden Of the adjudica.
tion by a committee Of the house is cal
culated to smother out the minority"
Extraordinary Condition of Affairs.
Taking up the bill, the senator says the
proceeding proposed is one Of bargain and
sale In disposing of the property and rights
OF the government, and is novel, because
hitherto congress has not engaged In that
line of business. Iea
"An examination Of Mr.. Huntington's
testimony, taken before the senate com.
mittee on Pacific roads," he says, twill
disclose most extraordinary condition
of affairs relating to the Central and
Southern Pacific railroads, and other
roads connecting with them. Continu-
Ing, he says:
without attempting, in this paper, TO
array the evidence of fraud or psculailon
which huntingdon ties imony vainly at
tempts To conceal. attention is drawn 10
the fact that his evasions of the truth, as
it is thoroughly established, are his main
reliance for misleading congress in his
effort TO capture the Central Pacific rail
way, after IL has made him and his three
OF four associates enormously rich, on the
plea that his pride impeis him to save the
road from bankruptcy, TO which his
fraudulent dealings seem to have driv.
en- it."
Proposes q Substitute BII.
Senator Morgan proposes, as "a substi-
tute, bill adding power that is not now
provided by law that will enable the gov
ornment To liquidato a debt that is fall
ing due on the subsidy bonds, and the
first mortgage bonds of these companies,
and to provide for the collection of the
debt paid for interest upon the subsidy
bonds, and to apply the income OF the cor.
porations to such purposes. He lays down
as fundamental the following PROPOSE.
tions:
II That no creditors of these oompa.
nies other than the United States has the
ability to handle this great mass of in
debtedness resting upon these roads so as
TO preserve the just rights of all con-
cerned.
- That these charters were not grant.
cd, nor was government aid given To.
these roads, with any intention, expressed
or implied, that the charters should ever
expire or that they could be destroyed by
judicial Decree or that the control OF
them as instrumentalities OF government
should ever be taken out Of the hands of
congress
Able to Pay Their Debts.
'8. That no court has power to sell, dis
solve. OF wind up either of these corpora
lions any more than a court could dis
solve and wind up bureau in one of the
executive dep Irtmenis Of the govern
nent."
He asserts that under fair and honest
the roads are able to pay
heir debts and says:
1T will be n censure upon the Ameti.
AN name that will blacken IL the world
,ver IL IL can ever be said with any color
II probability that the crimes of the credit
nobilier and Others quite as worthy of
eprobation which lowered about the era
lie of the first and grandest of our trans
Continental railroads have followed IL and
lounded IL 10 it, grave and presided at its
lenth and burial "