, 1897-10-23

WASHINGTON LETTER.


people againsi the M..I[a.sy -In.u.s-
tralion and Senator HaE-I has r-Ic.s-
against than and lhelr own r4.y W..
great force and prCTD,nes5.
This closing performance Z .ag..c IN.
paign Cf ulcertaIn,y n al tliAg5 tN'
ceps abuse AMI ml.agni-y was ihe luJ.
iication CT A charge Ina, in sSme my.
terious way Senator Hanna hid p. ,g.
the SAFE OF the Union Pacific ranr-ai Z,
a synd!ca.e o: New York lLLkers as
year, end CHAINED n lx,hI@ge FIR thlO
pledge large campaign col.r.bu .oas.
Thai this s.atcnen. is abs1.u.g.y i~.sI
Is SO apparent that is 2ffect has 4-reIdy
been a boomerang. Il has rtac-el upJ-
its authors and upon their parry.
The reason CT this is Uw5-to.d: frs.
Their Statement has Sc p-,p.e % .cck,
ing uo the mater, ana they flIi tina.
the sa.e c. the read WIS ordered by :
democratic administration. and hat thG
pressn. administration had nothing L
do but merely to carry Out the pan;
originated and practically comp.e,eI b,
their democratic predecessors; second
that these plans only provided for 4 sait
OF the road to the higheS. bidder. henct
there could be no iavCri ism. The pre-.
caution was taken to sc, an asreemeni
from cersaln paroles that a cer.ain sun
would he bid, in order to proven, its be-
ing knocked down al a very low price
bD. this agreement does not proven
others bidding, and it IS now understood
that o.her bids will be made.
1t is mus apparent .ha. the ol,ire hu..
l1baloo made by the democratic pres:
on tbs subject is merely Cor effect upor
voters in the coming elections, knowing
OF course, that a large share Of the vot.
ers have not followed his question il
de;ail, and that they wolld not know
whether the statement was true or false
Acknowledgement McKenna, whose
integrity and high Standing cannot bs
called in question, said. in discussing mi
matter:
THE reorganization comm.ct6e has ii
40 way been shown he Slightest favol
or given the least advantage. The roat
will be sod to the h!gaas. ~regpoas.bJ;
bidder, without any reference / his per.
sonari:y. II 4 bid Q. s5l 900. 900 is made
and the reorganization Commute doe:
not increase is offer 20 So. 900, 900, III:
properly will go - the paroles making
the new proposal. The guaranteed bic
was obtain to pr5venv the possibility O.
DISASTROUS loss. l: this guarantee do
not exis,, an opportunity wou.d be at,
fordsd for bidders to form I c~obinatio-
and offer 4 cnpIrat.v5.y igw figure fcl
the road.
THE increase in tae reorganization
comm;stee's BID is easily explained
Subsequent to the filing o; the or.g.na.
guarantee bid OF Si5,75i.O59 a number
CT overlooked contentious were discov.
cred. THESE n ciudol he bridge acros:
the Missouri river a. Omaha and a nun
Der OF money considerations. The bridge
mortgages amou2,oi tc about 5 1900
900, the Len On the Omaha and Council
Bluffs division 10 mare than 81 1000, OO(
and o:her colssnicns brought the ag.
grega:e to nearly 1000, coo.
IN view c: th5s5 contentious the de.
crees Of lie courts were un5atisiac:ory
and papers were prepared for an appeal
A thar limo |.la rE-,y, ~ "a, Ff-, coo,
mit;ee increased is bid by s4,245,94l It
these adj! :oHa! sums, thus nais.
ing the 'to-2. 0.i % w $50, OO0, 900. In
al o;her respsc,s The decrees were jus;
and satisfactory"
Attcrney-Gener2l McKen1a expressly
s.lpD.a.es Ill. there Was no forma.
agreement made between the govern
mens and the reorganization committee
The guarantee bid was arranged by let
tiers between former Acknowledgement
Harmon and special counsel for the
conmi:tee. The agreement, he says
gees nc further than to provide for the
APPEARANCE OF tie government; in suits
brought to foreclose the first mortgage
bonds and 20 bring suit Tor foreclosing
lis own. The sale OF the property, he
says. mus necessarily be under the d.
rection OF the courts, with the Whole
word for bidders.
The attorney-general cannot see that
the government had any other a.terna-
tive than to become a party to forec,os-
ure proceedings after the failure o. con-
gress to enact refunding leg station.
With the foreclosure OF the first mort
gage bonds, he says, the government
would have had nothing but an equity
OF redemption" In other words, the
government would have been forced to
liqu!date ,tse Obligations under the first
mortgage in order to protect It's own in
terestA This course the former admin
inistraaon considered insxpedisnt and