The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-01-22
THE UNION PACIFIC.
a Proposition Said to Have Been
Accepted by tha Government
THE ROAD 10 BE FORECL0SED.
Under the Proposition TIE Government
wouid Lose GGs, 600, Senator Plat
Introduces BIN Concerning the
Indians In the Territory.

WASHINGTON, Jan. 20.--L. f. Eitzger~
aid, chairman Of the reorgapizatioa
committee of the Union Pacific rail-
road, backed by j. Pierpont Morgan
and the Vanderbilts, has made Propo-
sition to the government which has
been accepted by Acknowledgement
Harmon. Under its terms foreclosure
proceedings must be begun at once.
If the government viii foreciose
on the Union Pacific the reorganiza-
ton committee guarantees minimum
bid on the whole property guaranteed
TO net the government $4,000, 600, plus
the sinking fund. The net debt Of the
Union Pacific to the government is
So, coo. 600. VITA the sinking fund IN
eluded It aggregates s89,000,00O- I'm
der this proposition the governments
would lose $4,000, 900, getting only
about 60 per cent. of the debt. As
agreed to by the reorganization com
mittee and the Encouragement, de-
post Of ten per cent Of the bid, OF S4,-
500, 600, Is required as a guarantee Of
good faith. As soon as this sum is de-
posted the encouragement viii pro
coed. Papers are now ready and fore
closure proceedings may begin as soon
as the necessary instructions can be
sent to the district attorneys in the
various localities where suits viii have
to be inaugurated. The reorganiza-
ton committee, controlled by Pierpont
Morgan, has 100000 of collateral
security. Its minimum value of S45,-
600, 600 is subject to any higher bidder,
Of course. But il has a cinch. There
is no one else to bid.
SENATOR PLATT's INDIAN BILL
washington, Jan. Ex-senator Plat,
Of Connecticut, whose views on Indian
Legislation do not generally agree with
those maintained by western members,
| Las presented a bill which is causing
lively comment. 1t is intended, the
author says in the title, to secure to
the citizen Indians in the Indian terri
tory the equal Use Of their tribal lands,
and to extend the jurisdiction Of the
United States courts to the territory.
Senator Platt wants all tie lands be-
longing to the Choctaws and the Chick
asaws allotted so as to give each In
dian his proper proportion. The aP-
praisement and allotment Of lands is
to be done through the Dawes com
mission and under It's supervision.
All mineral and coal lands are to
be reserved for the benefit of the two
tribes. Mineral lands in the Cherokee,
tMuscogee and Seminole tribes are not
to be reserved. Leases Of any sort are
not to hold good for a longer period
than two years, and per capita pay
ments are to be made directly to each
individual citizen. 1t is given out at
the interior department that the bill is
really intended to ratify the treaty
between the Choctaws and the Dawes
commission. 1t Is also said that when
Secretary Francis transmits TO the
president the message containing the
treaty, he wiu approve officially of the
Platt bill as the proper medium for
carrying into effect the views Of the
commission il the five tribes problem.
It contains in its various sections the
provisions Of the treaty with the Chee-
| Jaws heretofore published.