The herald., 1897-08-29

touching the Nicaragua canal. I ought
to add that the funding bill will surely
reeppear at the next session. The Cali
fornia delegation will be united and ac-
tive in opposing it, Its defeat consider
practically certain, but no friend of good
government ought to lessen his labors.
While the fight is going on the entire
army must be ready"
SCANDAL LOOMING UP
The Examiners editorial is entitled
"A Scandal Looming Up" 1t says:
"The people of the United States should
rouse themselves to the danger that the
monumental steal of the century is likely
to be consummated unless their voice is
raised against it.
'The foreclosure sale of the Union Pa
Gifts is set for October, and only six
weeks remain to prevent the govern
ments interests from being sacrificed
The foreclosure sale cannot extirguisb
the governments rights without the gov
ernments consent, but there is danger
that the governments consent is to be
given. The government has voluntarily
appeared through it's counsel and is a
conssnting party to the collusive suit
that has resulted in the judicial order of
sale. 1t is to be feared that this is bu;
the preliminary to the sacrifice of the
governments interest in the Pacific
railraods-an interest that in the Union
Pacific amounts to a present value (de-
Quoting the sinking fund.- of $53 600, 900
THE people of the United States are
warned of the bargain that is being
made. The Cleveland administration
,,to rc, 7 . \
the reorganiza ton committee to accept
S2S,0o0,OOO as payment in full of the debt.
1t proposed deliberately to sacrifice $25,
100000 to the men who are in control of
the Union Pacific today
SHEER ROBBERY
This is sheer robbery of the public
1t is deliberate scheme to cheat the
government of the United States out of
the money it has advanced and the val
liable privileges it possesses in the Pa
cific railroads. 1t has been demonstrated
automatically by the accounts of the
railroad company itself that even in its
present state the property is worth far
more than the first and second mort
cages. Its net income, even under the
operations Of the men whose interest lies
in depressing the value of the road, is
sufficient to pay 8 or per cent interest
on the $50 000, 000 of the first and second
mortgage debt and still leave the sur
plus. 1t is beyond question that the road
is a BILE to pay the first mortgage debt and
the debt to the government, and have
something left. The proposition to abate
one dollar of the governm nment's claim
against the road is a proposition to allow
the conspirators to take money that be-
longs to the government and the people.
"The proposition is to take not ons
dollar, but $25O00, 900. 1t is the most
monstrous attempt to swindle the gov
ernment ever brought to the light of
day. Yet it has gained the consent of
one administration, and is apparently
to be carried through by the collusion
or indifference of another. No such
scandalous job was proposed even in
war time, when jobbery flourished. Is
the Mckinley administration ready to
take the responsibility of consumma tin q
a bargain that robs the people of $25, ,000,-
900 for the benefit of the men who have
looted the property in the past and want
to control it in the future ?"