The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-01-08

tiOn To- the Pacific coast, the rates OF
compensation paid by the government
To the companies were reduced 50 low
that instead Of receiving an amount
double or even equal TO the interest on
the subsidy bonds, they were LETT debt
| ors annually 10 the interest accounts
In large amounts.
do you claim this hill is "A judiCious
and proper arrangement With those
who have done what they could tn dis
charge their obligations to the govern
ment?" asked Mr, Boatner.
Il do" replied Mr. Powers, lie pro-
ceeded 10 say thnt h. knew Mr.. Boat
ner regarded the Pacific railroad pro-
! jectors as a set Of rascals because they
had gotten rich Hut h. asserted that
| II they had discharged all their ohliga-
l tinns To the government and had got
I ten rich in other ways it was uohOdys
business. THIS, he said. they had done.
| He then gave computation of the
present Indebtedness ~ the roads On
! Jan. I, 1891. at $50, IA, iOS un the IniOn
Pacific and Kansas Pacific, and SSs,-
6Sl5l4 on the Central Pacific ana West
crn Pacific. The time had come, he
said. when the government must act.
The roads had dcfaulted, The govern
ment could .forecloS" or IL could seize
| the roads under the law. III either of
these courses was pursued the govern
mcnt would be Obliged to Immediately
pay the outstanding FIRST mortgage
bonds amounting in the aggregate to
| SCI 3s5. .O0O Was this advisable With
the present condition of the treasury?
| Hut this was not all. he said, II thc
I government took the roads IL would
have an inside road" without trr1ni-
mails. Not u train could he run into
Omaha. The government could not
operate Il without terminals, u could
not sell 1t without terminals To- adNan-
| tagc. In case uf tho attempt to sell
/ the property would he at the mercy of
| the owners Of the terminals. The plan
| which the Pacific railroad committee
/ proposed he said, Was To cNtingulsh
/ the remaining debts Of these compa-
nies by periodical payments with in
/ tcrest upon the deferred payments at
per cent These debts, the bill pro-
| yided. should be- secured 10y second
mortage made by the companies when
should embrace not only subsidized
parts OF the roads on which the gov
ernment has now second Hen nut also
ON all their branches. terminals. lands
and equipments to which the lien of
/ the oyernment does not now extend.
I ..,,,',,,',i',. ,.',,,i., s., M. s,oy.rnnrnt
/ ,ana.,,',., -, x,tu ana onn a. . nor cent.
~ 80. .nn,,,I ,,,,m.nts hv .ncb com.
80, IN ,,r',o,,nt ~ urluripal S3G,. 600
@ ~ o.. ,a, ,,,,,.. ga oOo for ten
.''..'' 80 49,, ha,,,n,,. "a IN. rate of
go oon ann,,.,i,,' n ,nts hiu Was nnssed
,,y ,r,, ,,n,'''rnns,t sboull eventually
be Obliged To take the roads. Mr.. Pow
ers said. II would then have railroad
~ ~ saiS ,h,, I'm was obIectIonable 10
~, Ha,u W" ~. I,1 nn, knoX wbath-
pu'.i ,'',,,,a ace,,n, ,ts nyoytsions-
80 - ~. .,,asttnrs Mr. povers said
III lep's y. ,,aa raic,l,,ed an "a
a,e 'ne o.,o ,',i,,, as ,h,' n.t earnings az
'.'''p' ",'''"'''
Wv ,, .t,.,,, A NOR cont nn
WY Wv - 49,. ,',,',,,,,,,,, =, asLed AIR
,ne s'''N VI WI"
ihss. A.. .,.,.,,,,,,it,rs ,n sntar
10 u,"ip, p''',,' w. ~, .n,ld no,
Ih,o ,ne "i' a''h' ,i,, w, ,,,,s,oct ~
ash tnSnr =" - ""
u,N.u."u' A.. ,,..,, ,,otua ~ the
VIVA, " ~ ~, ,ra,,,sS 20 nav A
STOCK gu M"'n ,,oo1y ~ uas.a-
Per 'th''' "'"''
chuset,s' .,a, T. ,,.,r,, az. t-,to,
t.h'rai ,uo'"' u "'''" WV
racine " MI ...,.., ..,,,,,,,,.o,, ,sLed
can thr Company .u''r'
Mr: Mc' 'a,y, v, ~ ',,'.',.,, F." rc,li,d
inat u wv ~, ~ ~ CON Thc
MI fo"eIS. w , ,n,," II, ,,,,t ,,eIi
c,nuliloh 81 ths ~. J,,,,n, Tho
pe worse thhh " ""' wv"
Ia N.NN