Omaha daily bee., 1897-01-15
PROCEED WITH FORECLOSURE.

Chicago Times Herald. Let the attorney
general move forward. The United States
has the right OF way on the dockets OF the
courts and Il will not be long before some OF
these fellows will be begging to make new
terms.
Denver Republicans The defeat of the bill
makes foreclosure seem almost necessity
but that does not mean the government will
lose by the operation Indeed, II Is already
reported that a syndicate has been formed
TO take the Union Pacific by paying large
percentage Of the debt due to the govern
mcnt, and we have no doubt that this will
be done.
New York World; Now that the retundine
bill is definitely defeated the government
should proceed to foreclose It's mortgages and
to sue the stock and bondholders for the 500,
100000 or so for which they are personally
responsible. In other words, the governs
ment should row proceed to get what 1t can
and go finally out of a business that has
bred corruption from beginning to end.
Buffalo Express; The failure OF the bill
probably mears that immediate steps will be
taken to forecloSe the governments mort.
cages on the roads. This does not neces-
sallly imply that the government will take
possession Of the roads, though that may
follow. 1t will probably first offer them al
public sale, and there are said to be eastern
capitalists anxious to- secure them and will.
ing to pay the government enough to make
UP u CoHSlueTdDlt part OF ltS losses. III tnal
should prove to be the case it would probably
be best to sell them But 1t would be better
to convert them into government roads than
to let them go to private corporations fol
any mere song.
Cleveland Plain Dealer: The necessity of
prompt and radical attention by the gov
ernment is shown by the fact that the South
ern Pacific has a lease of the Central Pa
cific and is dvertng all the business it can
from the Central Pacific to the Southern
lines, thus aiming to render practically
worthless one of the government securities
for its leans of credit and cash. The Cen
trail Pacific has been trying to break the
lease on the ground of violation of condi-
| tions, but the Powers bill would have kept
1t in the grasp of the Southern Pacific for
eighty years more, when, If not before II
would have been rendered absolutely value
less as security and been abandoned
Chicago Tribune: The Washington dis
patches state that foreclosure proceedings
will be commenced at once against the
Pacific roads. 1t is stated also that last
week bill was submitted to congress which
provides that all foreclosure suits may be
brought before the circuit court of appeals
for the District of Columbia. Otherwise
there will have to be separate suits in a
dozen states, involving much time, expense
and labor. If the proceedings are carried
on at Washington the law officers of the
government will be on the ground, and can
attend to everything. This BILL which was
drafted by the attorney general, should be
passed at once. who in the senate or
house will venture to oppose a measure
which is so manifestly in the interest of
the people?
Springfield CMass) Republican: Considera-
tons like this have prompted the supporters
of government ownership in congress to con
tnue that body in the do-nothing attitude
and compel the executive to go ahead They