The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-15
THE RAILROAD DEBT.
c. P. Huntington Before the
Senate Committee.
ne WANTS rHE DEBT REFUNDED.
To Draw One and One-Haif FER Cent
snd Be Pad In Ia-faIiHaents
Every six >.onths-

wassinxou cry. Fsb. Ia-Tas heartag
Is .he eusu-usttes on she PzG1c ra-lT1sisi
question was soassu1esl t6szay. wsih NJ
Casorases. a. attorney Tor the tsresE-t Cozaa-
Tr11asS1z EonaFz1y, On Ire stand re g
S@cxezl 80 re sale q sse -aesx City & "a
elffe rA5zruS.9 except on e7fs1ssso2 ta-t al
other Es7za - Bdi-t - re zoYsTfl11ssasz- ne
said ne Sioux city road w1s re cay ST.
ia fran FrezrasS- ire ter-TzfEs-1s q Iae f~4A-
hora. Mhssn was the only eomget-ng HE q
taa Insor Peeztls RAINING east. ard sag
gsztez shis as the reason fer the desire .
seizure this sale OF Ine SloSEx Nsg- iae
Vanderbilt family wusl8 thus eoz11e iaio
TIRE eonfros 90 ABOUT one-teEfb q tie FAll-
road mileage o. he Un8tes2 STATES and z3'oSiL
per cent. q TIE ASSESSED property f~44-
alton % the word - thai they Nroai4 e
2sae 70 combine xfta - other families "a
Ike fortunate Circumstances an1 say 10
ths remainder o. the DopalaE-sss. Ne 0Sn
TIE earth. you get orf
navtc T. LitEIer. sFea king Tor he Caae-Asso
4 NgrSnWeste-n, replied briefly 10 ~.
Goonall~. SAVING there was nothing ~ &r-
Coorzas plea except thai he Sanfsa me
United States government 70 s1ep N and
help lot o. hankerS. VINO made Saa n
.sstmsnt a. Scax CITY cut or their al2ezli-
rAa Mr. LITTER also asserted that .ae
chicago & North western proposition 20 By
tne Sioux City Inc had reen mazle eFttL-e ?
inds-persiezt u he propositions naa4e IN
ashaE u IRE linen Pactr5c and Central
Pacific he rad no consultation wlIa t5s
Representative % ether lines
{. =. Huntington to,ck the sta0d Sext.
re began ~ szyiag thar when the Paste
rosds ~ere hulis 50 nluea E&s net heard q
their being bnslf Tor war purposes a. had
been since They were bait r5r the polio
ing Of the country, ard 10 permit easy conn
nluTs1cSzts0n between the East ami Wess.
The promoters % tbs lias were REGARDED As
crazy. " hen the road was coTaE4etsd ths
assets rsfe rot Sufficient "a meet the oali-
cations q the road oy several millions.
The road benefited many and injured 70
one. Among other tA.ngs. & had vastly IN
HANGED the valle u the lands thros1ga
waicn X passed. IL had also had the a.
fect OF ca9s4ng alscoaiInuaace - Indian
hostiissses. Mr.. Huntington dwelt upon
the Fast that he read had been kept Ia fine
condition: X WIS, he asserted moss IN con-
dillon - Do tyEtce the business done - all
TIE tralseonlifs~nIal llnss. Tie cutting q
rates and sesalctlon OF time lad bera re-
sIsorsssbse sor the fact thai the company was
not aale 10 meet its obligations. Replying
10 the charge that fsle Central Paeidc had
not shown disposition 10 cooperate with
tie Union Pacific 50 as 20 form a con-
tina0sls line, he said that the charge vas
without f0un.ia tion. OF the through freight
passing over lE-e 1eltFa4 racine ana the
southern Pacific Tor the ten years e8dinG
IN ISs-, the Central Pacific had carried 4
per cent against al competing lines. while
u had for The same time Gfone - per cent.
81 the passenger business In consulting
MS prepared statement. Mr. Huntington
suggested that the debt should be Deian,i-
81 AZ the rate OF liz per cent. AMI provision
made for the payment OF a flxe-i sum. say
every SIX months. until the debt should
be wiped ogt. He thought the security
would ~ good.
In reply 10 questions by Senator Gear,
Mr.. Huntington said z was pot true that
the Southern Pacific had been built large
~ upon moneys earned b. the Central Pa
cific. bat the former roaa had been con
strUcted largely on credit. The COMMITTEES
adjourned until Monday next. wirho 1t con
GLIDING the examination OK Ar. Hunting
ton