Omaha daily bee., 1896-12-23

the Pacific roads. The Indebtedness, reach
ing $4,000, 600 was In danger OF being lost
and yet this vast debt and the peril OF it's
loss seemed to disturb no one. lie hoped
II would be one OF the first subjects con-
sldered after the holidays
MORGAN ON THE FRAUDS.
Mr.. Morgan democrat Of Alabama said
the statements made by Mr. pcttigrow were
Of most grave character. In effect they
meant that certain individuals had made
fraudulent combinations to load down these
Pacific roads so as to absorb them II was
diflcult for any single mind 10 grasp the Ga
byrinth OF fraud and rascality" that had maze
this subject a perfect "saturnala Of fraud -"
II was, Mr. Morgan declared a twin brother
to the credit moblicr frauds carried on by
the same methods Of bribery and corrup-
ton
The subject had been 80 deeply buried in
fraud and crime as 10 be almost beyond
tho possibility OF intelligent consideration.
AS to the pending funding bill, Mr. Morgan
said he opposed It and when II came up he
would insist on the fullest latitude OF de-
bate. He particularly desired to see the
interests OF the people OF the Pacific coast
against this monopoly and against a comb-
nation OF those two vast in1ucnccs-UniOn
Pacific and Central Pacifc-under private
control. No section Of the country had been
so bound and made sui servipnt as those of
the Pacific coast by this gorgon OF monopoly.
lie believed the pending funding bill should
be recommitted TO the committee and a
more adequate remedy presented The
Union Pacific had enough In It's treasury to
repay interest on the first mortgage bonds,
ana yet II came to congress as bankrupt
and mendiclnt asking for pity. II was not
only paying interest on its own bonds. but
was paying dividends to bondholders These
roads were pursuing what had become
fixed policy in railway management in the
United States-the running down and wreck
ing OF roads in order TO manipulate them.
Mr.. Vest, democrat OF Missouri inter
posed at this point with question as to
the statement of the president in his recent
message that unless congress acted on the
Pacific roads the executive would act on
January /.
MESSAGE HARD TO UNDERSTAND.
Mr. Morgan gave a deprecatory gesture
and said: Now in all Egypt there was only
one man, and he was divinely inspired, who
could interpret the dreams Of Pharaoh The
senator ought not to ask me to interpret the
presidents message If any man is capable
OF interpreting that message 1t Is the sem
'ator from Missouri. | am not stopping to
interpret the message"
Mr. Vest, with message in hand, desired
more exact answer, and proceeded to read
the presidents words but he was cut of,
amid laughter, by Mr.. MOrgans earnest re-
mark: IL wish the senator would not bother
with that message"
Mr.. Morgan proceeded at considerable
length urging that 1t was OF supreme inn
portance that these roads should not fall
into private hands particularly the hands of
foreign bondholders 1t was coming to the
point that an American stockholder in an
American railroad was curiosity who ought
to be put in sideshow.
Mr.. Gear quickly interrupted. citing the
instance Of an American road 1000 miles
long not only owned by Americans but by
American women, who held a majority of
the stock.
"And who owns the bonds?" inquired Mr..
Morgan. "Show me the men who hold the
bonds and | will show you those who con-
troll the road"
II was hut a few minutes before the ex-
piratlon of the morning hour when Mr..
Morgan closed.
Mr.. Gear spoke briefly urging speedy ac-
tion on the Pacific railroad question and
saying he would seek to secure some head
way Immediately after the holidays. He
announced that II quorum of the senator's
was here during the recess meetings would
be held to inquire into questions which had
been raised
Mr.. Pettigrew's resolution was then re-
forred to the committee on Pacific roads.
Mr.. Call. democrat OF Florida, secured
the adoption of a resolution requesting the
secretary OF state for Information as to the
killing of Charles Gavin n United States
citizen in Cuba. He read letter from Mrs
]. Gavin, mother Of the deceased, appealing
for an inquiry, and saying her son had been
''hacled to pieces" hy Snanish soldiers
AFTER passing several private pension bills
the senate, at 2:SS p. M, went into eXecu-
tive session, which lasted until 2:35 The
NuA.. 4