Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-10-27

Wall street quotations the 500, 900 900
Aof first mortgage bonds are worth $751;
Cc0.0O0. 100000, 900 preferred stock
$54 ,000, 600. SOL Zoo. 900 common stock
So, 760, 900 or a TOTAL ACTUALMAR-
KET VALUE OF THE UNION PA
CIFIC PROPERTY IN WALL
STREET TO-DAY OF $154, 76O, 600
nearly twice the sum that would sat
isfy the first mortgage and the govern
ment's entire claim and nearly two
and half times the sum the Morgan
syndicate will bid unless> the President
postpones the sale or forces the syn
dictate to bid sum covering the gov
ernment's claim.
That the syndicate would bid over
$50, 000, 900 and pay the entire govern
ment claim, indeed, is now prepared
to do it. should the President show
backbone and honesty enough to COM
pei it, is shown not only in the fact
that the property is worth over $154,-
100000 in the market, but that the syn
dictate has fund of $20,000,OOO set
aside for extraordinary requirements"
which means that it fears it may be
forced to pay the full government
claim.
Speaking of the infinitely remote
possibility of the government having
to bid in the $50, O0O, 900 of first mort
gage bonds, which would give it the
ownership of the road, the organs that,
are trying to divert attention from the
main steal by talking gibberish about
government ownership, seem to forget
that the government practically owned
this road at the start, for THE UNION
PACIFIC WAS BUILT WITH THE
PEOPLES MONEY.
To-day the people ask nothing but
their plain due. Hundreds of millions
Of private fortunes have been made out
of this road. The government has
been robbed and cheated from the very
beginning. And now it is proposed to
rob the people of $40 100000 more in
the final disposition of the road to =
favored syndicate which gave two mill
ion dollars to McKinley's campaign
fund.
No more plain, bold, infamous prop
osition to deliberately steal $40, 0O0, 900
of the peoples money was ever heard
Of. 1t is sufficient to everlastingly
damn this administration and the name
of Mckinley that the President has,
with his eyes wide open to the enor-
nifty of the proposed sreal permitted
this much time to elapse without inter-
posing to protect the interests of the
government, which the law EXPLIC-
ITLY COMMANDS HIM TO DO. Even
his Attorney General, who is in the
deal, has stated that the government
has the right to postpone the sale and
can compel a postponement There is
no reason why this should not be done
There is no reason why this sale should
not be postponed at least until Con-
gress shall have had time to pass upon
the matter, unless it be that the Pres
ident, knowing Congress would not
dare sanction this bare-faced robbery
Of the people, sees that if his compaign
debt to the syndicate is to be paid a.
all the sale-or we should say the gift
of $20,OOO,OOO Of the governments
money to the syndicate-must not be-
postponed.
There is no other way in which The
people can look at this matter BY
stroke of his pen or by word to his
Attorney General President Mckinley
can save to the government $40 900, 900,
which otherwise will go into the pock-
cts of the Morgan syndicate.
Will Mckinley permit the steal?