New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-15
c. P HUNTINGTON TESTIFIES
HEARING BY THE SENATE PACIFIC RAIL-
ROADS COMMITTEE.
SHARP QUESTIONS BY SENATOR MoRGAN-MR
HUNTINGTON OPPOSES THE THuRSroN BILL
AND APPEALS TO THE COMMITTEE NOT
TO PUT TOO HEAVY A BURDEN ON
THE CENTRAL PACIFIC

Washington Feb 1.-THE Senate Committee
Pacific Railroads this morning resumed its hearings
the various bills before II for the settlement OF
the debts OF the Pacific railroads TO the Govern
ment. Among those in attendance were coins T.
Huntington, president of the Central Pacific, and
Smith Tweed, its general counsel; David H. Litter.
general counsel Of the Sioux City and Pacific; Mr.
Coombs, representing the Credits Communication
Company, composed OF 300 or 400 savings
banks interested in the Sioux City road. ana
Wlnslow S. Pierce general counsel of the Reorganl-
zation Committee OF the Union Pacific. Mr.. Pierce
presented for the consideration Of the committee
bill embcdylng the pan of the REORGANIZATION
Committee for the settlement Of the Union Pacific
debt. 1t provides for
l. Appointment by the President subject to APP
members to Investigate, determine and report TO
the President the fair cash value OF the claim and
Q Authority 10 the commissioners to subpoena
and examine witnesses. 70 have process OF courts
mssioncrs and secretary, and makes maximum APP
3 Repcr, Of Commissioners. or a majority. subject
to approval OF President TO be conclusive as to me
f for %nh exoers ec may be pad o
the claim and lien Of the Government; the Secre-
tary Of the Treasury. upon such payment, TO exc;
cute III. instrument OF assignment OF lien and
claim reservlng tho sinking fund.
comnanv ernpowered to acquire ana operate the
lines and property Of the Union Pacific RG%ay
s sarRP inyv;o wa sue" corporate
o. t'4 b U,,icat ~, ,bc rs"~ra,,lzDd cornranv
nndnr tho new conditions but reservinc tho Gov
ernments prefsren,c.e rieh, 70 tr.nsportauon OF
G. Authority and direction to the Attorney Cen
eral. IN default Of payment a. tie amount hN"d nv
the Commission 70 forecIo'r ~" zen ot thc Govern
ment and upon sac 30 Nl me amount OF inc IN
:. reservation OF remedies % tho United States
and Of power to alter. almond or repeal tho act
Mr. Huntington was placed upon the stand. after
,a,,c hoo, mn, rnde- oath in accorA,nce with the
having pee' P'' u'I'' '"' d" d" w."
Senate resolution Of YESTERDAY nr s"lu .ln' Il ,pe
Pacific roads had been built as military necessities
he know nothing Of H. IL horan ly rcc,ing tn"
S,rlcrltIes under when the central racinc was
constructed and the difference ln cost II materials
then and now. The Central Pac.hr was today he
said. the beat equipped ana c"WN 40 '".' ''e "' -
ness of all the transcontincn'al lines. With rea-
sona,ie extension % time he said the road could
~ ,",,ar ,,,,,r - &C. ,.,.t orI an ,c.,,,ol I'M
tcrcs The charge that the Central racine J. az NOT
done ifs whole duty toward N Their lines espe1 ally
the Union racine ne s''i' iAl no p'SS'
Mr.. Morgan urg'l that III Huntington state 20
tho committee the difference. between the rates
49,, .',.- ,t., f.,. t..-. anal ,,,.r to-.
cha'bei DS ''e .'-.'''' 80. ''''
made the agree in"nt WIN inc oFci'ah1 ROADS
Nh HUNTINGTON could not give these figures. but
sad that copv Of the contract had been deposited
with the Interstate 'oii'ineI' e '''"'''Ss'''
Senator Morgan pressed ms e-,''ns ana S'"-
ho,,,, IN. identified ., uroduce the contract first
shou'1 ne ''"'.'.'- ~ t.,,
This, they thought "ould pIo"aby 'I'"h Tot l'"e.I
Il am NJ, prepared to accept the statement uhat
81, o,,..,,., "a. sb,,v all ;h,t A. least want {,
'''d' '"''''"N' va -''0' -" - -
know sad Mr.. Morgan J. AZ IeAst Snail 'A'i
else my right 10 crOss-exaninc this witness inai
o'1' 80,
suoJ'c' ,,
Il desr" Mr: MOI an 10 htNr az nm . 'n'o' ',i"
ton, replied Nlr hN"'.iP'o"' "D' ci'N'' '"'''
tht Sc ne III ms i,'i'' . . . ,..,,-
"NoI certainly IA -, .eNpec' -, Up, n''"S
questioned on NJ s"y!e,ic aasoi ~ Mo.s'n
At9a s,T rG.e To- pcT befoSc The comnee Sth
copy Of tlc cpAit ! 49, ~ 'N"'"'''i ~ ia
Senator 1hurstons Dill. when 'i''mpdtri coz
sONdatiOn OF the Union racine ana ''hlfa ac'ir
would be. Mr Huntington be!ev,l' injurious 70 ume
interests OF me owners OF pom mrs '"e' I'm
D.nauon wound ioice tHc 81 lA'OH OF o'n'l '''','
west OF ogden! No posslD,, a.saM,dbo co''a a, a.,
cTie 10 me mon r@''I1S '"ioHsm m, ~,
OF senator 4huI s,on ne 'i'.i1t ae'', 49, =
continue 70 pay Al .a t.p'1 an r NJ
the desert shou4l De us''' - 4 - oi az ,'r