New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-05
IN AND OUT OF CONGRESS-.
ANOTHER PACIFIC RAILROAD HEARING
BY THE HOUSE COMMITTEE.
PATENT RECORDS BRoKEN-A SCIENTIFIC d.
RECTOR FOR THE AGRICULTURAL DEPART
vryr FAVORED - TIE PRESIDENTS
RETrRN-TO RESTRICT CONVICT
LABOR INDIANS PRESENT

THEIR GRIEVANCES.
Washington. March 4-J A. Munroe. freight tran'c
MANAGER Of the Union Pacific Railway. appeared be-
,re the House Committee on Pacific Railroads To-
day lie gave statistics showing the earnings from
,re,eh, OF his road for several years past lie had
no argumen. or suggestions 10 make regarding inc
settlement OF the difficulties OF the Pacific roads by
ceng-es. Us assumed that the earning capacity
OF the roaas particularly In the future would be an
important figure In the settlement The gross earn
ings Of the Union Pacific. he thought, would not IN
the near future exceed 100000 year. or this
amount not than rs per cent could be considered
net.
~ Z Pierce. representing the Reorganization
Committee OF the Union Pacific. said that It was the
purpose OF that committee TO exchange Tor the Dohos
OF every class which are charged on the properties
embraced In reorganization new securities In proper
proportions TO be issued by the reorganzed COM
pany so that under the new mortgage all outstand-
ing bonds and mortgages were TO disappear. and the
railroads. terminals. lands and equipment OF the
Union Pacific to be subject TO no other charge
than that imposed by the new mortgage All out
standing bonds TO be provided for In the re-
organization by the issue OF new bonds and pre-
/ ferred stock The bonds are TO bear per GEN.
interest 10 run fifty years and be secured by first
mortgage on all the railroads and property now
embraced In the mortgages which 1t Is proposed TO
ssl "a 72o imposing on the company an interest
charge Of s. M against an Interest charge on me
same bonds 3 they stand OF about Sb's,2J4 the
/ saving amounting to about slSi6.+is year: 1t Is
tho purpose OF the Reorganization Committee 10
meet the representatives, OF the Government on any
! practical basis OF adjustment. notwithstanding II
may accord to the Government relatively better
terms than those given 10 other security holders
Under the conditions referred to and which continue
TO prevail and increase. II was obviously unsafe to
charge than about 100000 year. and II II was to
be reorganzed this basis prompt action was
requisite The outsta nding bonds secured by mort
cages covering the Union Pacific property embraced
in the reorganization exclusive OF the bonds held In
gregated about i5ossI 900 Or these the Reorganiza-
| tion Committee holds s3s,623.Ooo The outstanding
ecs go The Reorganization Committee held So.
| $4,000. That was 10 say the committee held .o1s
! OF all the outstanding stock The committee ad-
| journed until Monday.
Last week LAO applications for patents were re-
ceIved .,he largest In the history Of the Patent
! ONCE in any single week. indicating renewal OF
! business prosperity.
A delegation headed by Gardiner G. Hubbard had
| n hearing to-day before the Senate Committee on
| Agriculture for the purpose OF presenting resou-
OF the proposed dictatorship in chief
OF scientific business In the Department OF Agricu-
! ture Their argument was based on the desIrabity
OF having permanent officer in charge OF the purely
scientific work. and cited the Organization OF the
/ Smithsonian Institution and the Government sur,
! vcys az instances Surgeon General sernberg. OF
the Army explained the necessity for permanen'ce In
the Office and freedom from change FOR political
He believed that this oficer would save
! many times his salary TO the Government every
year In administrative expenses while he would
greatly the efficiency OF the sixteen different
/ bureaus.
Secretary Carlisle and COMMENCEMENT
Stump eaye n hearing this afternoon TO several at
torneys representing cotton interests as to admitting
into thls country four machnists from England
These machlnists were sent to this country by Eng
lish manufacturers cotton machines to set up the
machines which are imported in detached parts.
zach man had a contract with the English firm. and
they were declared from landing by me Immigrant
U,,ycau az contract laborers. The attorney repre-
sentIn9 various cotton owners contended that
only men IN mlIar with the construction OF the com
| plicatcd machinery could set them up Ihe iapor
| nrganzations contend that to allow these men to
reform such work would deprive American work.
men OF their just deserts Among the attorneys en-,
/ eaged In the was Ex-Governor RUSSELL OF
Massac husetfs
President Cleveland and Private Secretary Thur
her returned from New-York to Washington this
morninr nj 4 o'clock They were met at the Penn
svIvanIa station by the White House carriage and
. we're driven directly 10 the Executive Mansion.
Senate bill authorizing the holding OF a trans
/ Nississippl and international exposition at Omaha,
Neb in 1885, was to-day favorably reported to the
! Senate Provision Is made for Government ex-
hlbt and buildings therefor and the liability or the
| Government for these is limited to $50ooo.
! The subcommittee OF the House Labor Commit
tee having charge Of matters pertaining to convict
labor to-day reported favorably to the full com.