Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-06-25
TO FoREcLosE ON THE U. P,
Agreement of the Senate Pacific Railroads
Committee.
Senator Harris Will. Present a Re.
port Giving the Reaso of Him.
self and Associates.

The Senate committee on Pacific rail-
roads today agreed to report favorably the
resolution Introduced by Senator Harris
CT Kansas expressing the sense of the
Senate that the United States should re-
deem the Union Pacific railroad from prior
liens and take steps to foreclose the gov
eminent mortgage.
The resolution was amended by the ad-
dition of a provision, at the instance of
senator Morgan, requesting the President
TO suspend proceedings to carry irto ef-
rect the agreement alleged to have been
made TO sell the interests of the United
states In the Union Pacific railroad and in
the sinking fund until further action of
Congress is had in reference thereto"
The action of the committee was unani-
nous. Senator Harris was authorized to
make the report.
1r presenting the resolution to the Sen
ate Mr. Harris will introduce a report
which, while 1t is not authorized as n COM
mlttee report, gives the Kansas senator's
views and indicates the reasons of the
committee for the action taken. In this re-
spect 1t is stated that 1t was the intention
OF Congress that the Pacific railroads
should constitute a continuous national
highway, and thus proceeds:
When the executive department of the
government consents to an ARRANGEMENT by
WHICH lIiS FUNDAMENTAL ODJect OIL the law
Is absolutely and forever Defeated, and the
great line SO highly priced is to ne divided
up among warning and conflicting interests
1t Is time for an earnest and emphatic pro-
test on the part Of Congress- AMI when
further 1t is found that the executive not
only permits but actually participates and
aids In the execution of this destruction, as
shown hy the correspondence AS given by
the letters from the Attorney General in
response to the Senate resolution Of jan
uary q and of March 20. 1897. and hereto
attached, and actually proposes to consent
to surrender of the sinking fund and the
ests of the government, it would seem be-
yond the power of the most able CT cor
poration agencies to satisfactorily explain
such action.
This correspondence shows letters from
various government directors highly ap-
proving this unlawful proceeding. If we
are to believe the current news of the day
some of these directors are largely inter-
ested in the proposed new organization, and
history see ms about to repeat itself, and
the practices of the Credit Mebilier and the
construction companies of the past to be
once more revived and put in operation.
IF the, government has knowledge of THIS
plan of reorganization it has not been COM
municated to Congress, and the haste in
the sale of the property under the existing
agreement with 1.-THE former executive,
which is evidentlyua pant of the plan. re-
quires the active intervention Of Congress
in demanding full knowled8Eof the plan
in course of executions
Figures are added to-ahow that under the
Proposed reorganization the government
would lose $24. 7S4 ,396. and it is also claimed
that great losses would be sustained by
other creditors. :