Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1897-01-09
TNE FUNDING BILL,
Debate in House on the Pacific
Railroad Bill.
Closing OF One OF the New Mexico
Banks.
Nob XIII a NurierouS Negro Desperate
In South Carolina.
RIOTouS sTRiEING AlNIRS.

Washington. Jan =. lhr huu-n I, day
Resumed the debate ou the ihrihr rail
ruai funding hlll Patterson democrat,
Irunr~-,a member ot the committee
OPENED the debate aud mhir - hAlt.h"ur's
sprpch iu favor uf the measure. II was
uselr4s a. ii-rd-- IA" wrong hr
zaid. which hal ~ standing III court
The truth was that the government
lrAnri it, bonds To- the projectors Jon
security whlrh the nit,d States accept.
cd The projectors occupied uo trust rr-
lation ~ the government ~" second
mortgagr held 10y the go'rtum"ut GOV.
rrri 2,2.1 mrh- Each mlr carried al
indebtedness IT iia3Ia.
II confess" SAID be-, that my iar" l.
set Ike llnt against gu'"runrnt control
Of these roads Applause.
Ia runclu-lun hr said be- nrll,N,i that
the hlll presented the best bargain the
gNrtnmrnt ruu.i maxi.
Harrison prm,rrnt Alabama another
mrlulwr ot the committee. followed III
upp"~ltlon to the mll. lIr believed thr
time Tor action had crmr. hut ihr pend.
ing measure WA tuu liberal tu o." com.
paulr-. The PROPOSITION made hN the
| mon rdrl''" To- the government MAS
much better than this hll The nlun
Pacific wa IN better p-itluu To- pay than
the rutrul Pacific, VII, should both b,
placed uu the sam" tunuug' Harrison
pru.u~,i a substitute which would ere
ate cunmI -~lou consisting ut the sec
rrtaN IT thr treasury, secretary ut u,
| Interior ami IN" ATTORNEY general Will
| full power tu -rttlr the indebtedness nj
all the bonded railroads. ln -upport o
| this substitute. he urged tlnt cuugtr-,
cuuld not obtain Information on whlcl
to negotiate. second. the two huu-r- coul,
not agree. and third. that the commission
could conduct "a settlement IN "A business
| ike Way Ia much better advantage thai
the government could toy the passage u
hard aud fast hlil.
huatnrr, Louisiana. antagonizel th'
till lie insisted that the guvetnmrn
to-iaN hy the execution u the Thurman
act had lien on All IA" property uf III
ruad and II obtained no additional -rcur
II, hy the pending hlIl. lie declare
that the government WA not hrlples
creditor II All ln-olNrut lrhtnf The guN
ernnlrnt rouh not atlpri to disregard th
fact That these roads hal been drsITllr,
ot enough money to pay the entire debt
Ilr declared that the government had
right after It exhausted its ability II ~
cure It- debt from the roads Ia prncrt-
against those who dr-pollrd them. II
wanted 1t hi-tlnctl, understood that thi
~ any other funding blll Will give lhrs
men aunt claim.
T. not that the READ pufp'~e ot IA
southern Pacific" asked Mr MagulTr.
"ltl-ln my oplui,u IA" prime motiN
" all this Legislation replied bnatnr
"uWurr- II these colossal fortunes M
more Interested IA relieving thrm-elNr
Of this liability than settling the night
of the niied states.
, swanson, democrat Virginia as-"rtr
that thi- TIN constituted the Iubrc-t pr,
p,-lti,n from the standpoint II the go'
rrnmrnt ever submitted I" cougtrS
TH" Years age. hr said. the mon Pacll
reorganization committee offered n ptoI
uSltluu tWir" A. gpi ~ this.