Middlebury register. (Middlebury, Vt.) 1886-1937, 1897-10-22
FRIDAY, OCTOBER %, 1897.

At request of manv readers we have
Etermined to publish our next supple
ent of Vermont Illustrated in magazine
rm. 1t will consist of at least 24 pages,
vided about equally between text and
|ustrations, and Will be due the first
eek in January. Should the circulation
the REGISTER continue to increase as
[pidly as in the past three months, we
In issue these supplements more fre-
Lently or largely increase their Size.
Ind as they continue we shall endeavor
give handsome illustrations OF every
|wn in which the REGISTER circulates.
Reliable agents are wanted to obtain
descriptions in every county in the
ate. to whom liberal commission will
allowed.
ALE OF GOVERNMENT CLAIM ON UNION
PACIFIC RAlL8OAO.
We are sorry to see that it is expected
|e present administration will permit
|e sale of the government lean on the
Mon Pacific road Nov. ,, as entered
to by the Cleveland administration, and
hder conditions that of necessity will
suit in the loss of many millions to the
bvernment. Should this be done it
I'M not be condoned by the people, who
|alize that the property is valuable
bough to secure the government for
Eery dollar loaned to it, if the matter is
toperlv handled. The following eX-
[llent editorial concerning this is from
be Outlook of Oct. lG:
Apparently the arran cement entered into
the Clevela nd administration to sell the
bvcrnment claim upon the Union Pacific,
|ithout authority from congress, and accept
bout seventy cents on the dollar is to be
rried out by the present administration,
hd the sale to taxi place Nov. ,. our read
IS will recall how Senator Thurston, of
sbraska, the former solicitor for the Union
hcific railway, prevented the senate at the
lose of the recent session from passing the
solution to inquire into the terms of this
|lc No official inquiry can now be made
|.fore the sale is announced to take place,
|nd the general public, AT least is Likely II
1T in the dark. II is true that the present
has obtained from the reor
Imitation committee OF the Union Pacific M
hvance of -, 900, 600 over the sum pledge tC
he Cleveland administration; but the gen
Sral rise in railroad securities, ana the ad
'hnce of over ten per cent in the earnings OF
be Union Pacific, keep this concession from
bnstituting a notable public victory. Ever
iith this concession the governments claim
$40 coo 0OO-of which $l7,OO1,0OO is already
bllected-is to be sold for $50,000,00O. The
100 1000 already collected is o part OF the
'5O, ,OOO, 900 offered the government, so that l
! really getting but $3S 100000 for its ne
Iaim of S53 900, 900. At foreclosure sale th'
property will prob ably bring no more than
! offered, but tho eastern market quotations
Import the assertions of western s3natoI
lat the property is worth vastly more. The
Metropolitan press is silent upon this ques
on. but the Springfield Republican and the
artford Courant are awakening the New
ngland public to the fact that Union Pacific
ock, upon the mere pro 'pect that the gov
.rnme NJ Will sell NJ lub uSuIts ndHeut ma
sen to s2S a share, after an asse -smenU of 8
share. In other words the prese 1t marke
alue of the stock is SIS share, or 800. 90
! ALL yet this stock represents merely tn
alue of the property after the debts hav
ieen paid II the administration, unde
lese condition, accepts seventy cents OF
ne dollar of the amount due the government
nd permits the debtor corporation to Ike,
billions of dollars worth of property, it vii
c, as the Springfield Republican declares
a scandalous bargain" There is no hast
bout the sale of this road. The courts hav
lown their ability to manage it until equil
Bile terms are secured or arrangements hav
sen made which commend themselves t
|Dngress.
BiMETALLlsM.
4 The following extract from the Lon
on correspondence of the New Yor
'ribune illustrates what the power