New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-29
TVTON PACIFIC FORECLOSi ne.
RESOLUTION TO STOP IT OFFERED IN TIL
SENATE THE COMMISSION MEASURE
OFFERED F,AVORABLY REPORTED

ORDERED FAVORABLY REPORTED.
Washington. Jan. S-The proposed sale OF the
nroper,v of the Union Pacific Railroad under tore-
closure PROCEEDINGS Instituted by the Attorney
General Is sought 10 be impeded and prevented oy
, resolution offered in the Senate today py NJ
Allen the Populst Senator from Nebraska IL IN
structs the Pacific Railroad committee 10 ln''''
and report whether under existing IN" the rA'0u-
tive Department has the authority 20 torecose ''7
lion and sell the property without additional eSis-
aton and whether It is not the duty OF the Fres'-
ssrt % redeem and pay off the paramount liens
and take possession OF the property; ana IL directs
the Attorney General 10 refrain from entering III"
further stipulations Or agreements penang ''e in-
ouiry In speech in support OF the resolution h''
Allen insisted that under existing law IL was tho
duty of the President not 10 direct foreclosure ous
"a nav off all paramount liens and take possession
OF the property. To an inquiry by Ny Piatt 'Ssp'
Comm whether the remedies provided IN the stat
nte were cumulative or were alternative MT !>'en
repIlei that the language was sucn as 10 smut OUT
the Idea OF the remedies being alternative lie
lso ecla red that the price named in the agreement
With th. REORGANIZATION Committee was not equai
20 e per cent Of the value or the property Inc
resolution went over without action. MI Tnurston
1Rep Neb) announcing his desire to speak on u
tomorrow.
After being amended that Il should not inter-
far. with the foreclosure proceedings which the
Government has instituted agains, the Union IA
cnc road the Harrison bill 10 settle the indebted
ness OF the Pacific railways 10 the Government ~
commission consisting OF the Secretary Of the
Treasury the Secretary Of the Interior and the At
torney-o;en.rai was. At the meeting to-day or the
subcommittee OF the Pacific Railroads Committee.
ordered reported favorabiy 10 the fuil COMMITTEES.
The bill provides that the Government shall con-
,inue the right TO control the rates OF fare and
transportation. that the Commission snall repor.
its action within one year from the passage OF
tho bill and gives 10 IN. Commission rpl mower 20
sstte the Indebtedness OF any or all OF the bono.
aided roads TO the Government Inc dmen1nient
nyr, fled ON the bill to-day eliminating the Union
Pacific from the Jurisdiction Of the Commission be-
causs OF the foreclosure proceedings limits the
Commissions work the Indebtedness or the
Central Pacific, the Central branch OF the Union
p,cac extending from Atchison. Kan. 100 miles
west and the Sioux city and Pacific rosd rom rom
stony 1'ity TO Fremont. \eb. The amended BILL
yHi he laid before the full Pacific Railways Com
mittee az a special session TO be held saturday.
md Judging from the sentiments expressed AT the
nrior meeting OF the committee. II - regarded as
nnor unlikely that favorable report VIII be or
dersd In this event Speaker Reed Will be asked 10
set aside the necessary time for lis consideration
T,hs fare OF the bill is uncertain. and those who
are most deeply interested in IL expressed disin-
ciInation to-day speculate on the chances OF 10