New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-25
IN AND OUT OF CONGRESS-.
THOMAS II. HUBBARD TESTIFIED BEFORE
THE PACIFIC RAILROADS COMMITTEE.
THE WALLER INCIDENT BELIEVED TO BE CLOSED
A ELL TO PROTECT sILvER-To 1NvEsT1-
GATE THE WORKINGS OF Reel

GATE THE WORKINGS OF REEL
PROCITY-TTNANCIAL BILLS
Washington. Feb 24.-Thomas II. Hubbard. repre-
seDtlng the Searles estate to-day appeared before
the House Committee on Pacific Railroads In con-
nection with the affairs Of the Central Pacific Raj
rad The Central Pacific. he he'd had up 70 ms
moment lived up to It's contract with the Govern
ment notwithstanding reports TO the contrary.
TITS being the case the past should not he talked
o. but If a solution of the present difficulties was
desired the future should be considered.
lie read at length from the An1erson-L'tter
Commission report and the repor, Of Governor
Pa,tison regarding the affairs of the roads reier-
ring especially to the charges OF determinations ana
rebates.
Referring 70 the Pattison report on land grants
and profits made from them he said that the state
mcnts were somewhat exaggerated. II the same
rea sonng as that taken by Governor Pattlsoh were
applied 10 benefits obtained by the Government
from increased telegraph. mail and transportation
facilities the results would be fabulous
He asked the committee. in considering matters
nertainnC 10 the Contra, Pacific, 10 consider care
fully whether not the company had conpAed
with It's obligation to the Government lie thought
II had, and in light OF this fact It seemed strange
10 him that the company should be continually re-
ferred 10 as "insolvent' and unreliable.
With regard to tho construction OF the Pacilc
railroads he said that the Government wanted
them built and did not care 10 build them Nseil'
In order to have private individuals UNDERTAKE 'he
enterprise the Government had offered iahos ana
bonds Suppose he said. that at THIS time Inc
Government had said TO those parties, You are TO
do this without profit" would any one have under
taken the work? The position was taken by some
that those who built the roads were mefey Gov Gov
eminent agents, strictly accountable 10 the uoV-
eminent. As the Central PACING ana inc GOVERN
ment had both lived up TO the cent s as ' any two
He did not think that the Central Pacific could
ntf no Dblig
bill Of last Congress. tbs Bill provided for the
int of d, the To MAJ hnT oFf io raise He
did how this could be done without as5ess'ns
its stockholders TO do this at present would be 70
extinguish the stock far as the present stock
holders concerned: They were mostly bo"i:
the majority of them being scattered througnou,
Europe The money might be raised by getting a
syndicate to take new stock Inc metnoo sqs 81
Out This would let the G9yernnen S out as IN 60nt s
as they matured but could not pay the interest
MI hSpor9 Bones as they matured-and furd
the interest The Central Pacific could do this, 9lt
ne GGad not the Of Nj OF Ten
| nessee. TO draw bin embodyins his views
II Is said at the State Department that the Waller
incident las been formally closed by an exchange OF
| notes TO that effect between Ambassador Eusos
and the French Minister for Foreign Anairs ana IL
| is presumed at the Department that Official hotn-
cation TO this effect will be received here III que
| course OF mail.
Walters status IN regard TO his claim for dam
| ages and his rubber concession does not appear 10
| be clearly defined. 1t is obvious that MS pa''on
Will not curtan his right TO sue in the french
courts for redress account OF alleged cruei "ea'
| ,nen, given him while on the way from Madagascar
| N Narse,les But in respect TO this alleged H.
treatmen. Secretary Olney in his recent report 80
the President, characterizes 1t as !ntrihscais IN
| nrobab,e" and either wholly unfounded OF al Des'
rross,v exaggerated" In regard 10 the rubber con-
| inin Ia
favorable He says there is no proc, OF .ts nature
extent validity or value" tina, the French author-
ties have always held the c9ncesson 10 De SnVe
6een siJpposed 10 be dependent upon TIE issue OF
the contest then going on between inc fFe"o" anu
Ths being the condition Of the as gnd Sa
1924 Dy viii ne ,mmeda,eiy avail himself OF The Offer
| ~ the United states Government 10 pIoVlhe MN
free 2a bse qs' Of 2 h IN" Sr Of Ills
men 10 furnish security for costs IN the event OF s
choosing tr 10 Dss It O is certain That Waller w
frvncm submit better evidence OF his right to tho
nave 10 han has vet been produced before secre-
tary Olney will consider the question OF 'eope"'"s
| the case.
Mr.. Brewster CRep., y. y to-day introduced In
the House a BIZ TO protect the silver-mihihg m
dustry OF the country by taking from tho Tree hst
Of the Tariff bill silver bullion silver CONS ana ST.
Yer '' ores and making them dutiabe at 80 per cent
| ad valorem
~. prss,aen. ha, recognized Gilbert Fraser as
| Virginia, West Virginia and Kentucky to reside at
Baltimore
Tho subcommittee OF the Ways and Means Com
rn,,,e. 10 whom was referred the Work OF seiecung
an expert who shall investigate and report on 'he
effect OF the reciprocity clause. which was one OF
| the features Of the Mckinley law. ana examine 'he
| tariff laws OF other countries with whom we nave
| numerical relations TO determine the extent TO
which that principle can be gsne1ay The
man selected by them is William f. Curtis news
paper correspondent. OF this city me sS,, hnc
| riers RECOMMENDATION was adopted without oD)ec-
| tion.
favorable report was made to the Senate to-day
IN q hill nermltting and regulating the organization
~ generations for horse racing ana breeding pui-
noses in the District OF Columbia Inc Dill permits
| one or more meetings each year and authorzes
,rot,,ne running and s;eeplechase meetings. 1t
aleo ncrnts the corporations the owners OF horses
and others participants In me races. 10 omer
purses The races are to be held Delwe,h nPi,. ,
| DAYS unon one track and are TO be subject TO the
reasonable rules OF me J0cKey nb corpora
| tions) and rules prescribed by the commissioners
| -, 10 D,s,rict of Columbia. Poolselling or book
| making Is prohiDi'eu
T., tho Senate to-day Mr. Canery (Dem.. Ia)
| offered An amendment to the House tariff bill pac-
IN, du,v Of 30 per cent ad valorem on all sugars.
| ,apl bottoms and dfferential duty Of eighth
| of q cent a pound sugar. etc. imported from a
country paying bounty thereon, On moiasses De-
cents a gallon and above degrees six cents a gal
| lon.
| Ass,stant Secretary Curtis has returned from
| New-York and resumed his duties
| If was decided by the House Committee on Bank
! ,,o and Currency this morning that at their next
,oo,ng they will consider three bills OF more than
| ordinary Importance. one bill permits banks TO
i.sue circulation TO the par value of their bonds.
Anotber bill restricts the borrowing oc a bank 3
r,nds by the officers without the full knowledge OF
the directors while the third looks TO the establish
| mont Of an international bank, which was one OF
| 49,, rocommonda tons Of the late Pan-Amerlcan
| Congress
| Tho bill FIRST named will provoke the greatest dis