Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-02-17
KANSAS PACIFIC SALE
Senator Thurston Defends the Ad-
ministration.
4 GOOD PIECE OF FINANCIERING
Bankruptcy Bill Taken Up by the
House.
AMENDMENTS AGREED TO

Mr.. Thurston CNeb.) presented in the
Senate today joint resolution providing
for commission to supervise the col
lection of fund among all the schools and
colleges of the United States for the pur-
pose of erecting a monument to Gen. La
fayette in the city of Paris, France, the
same to be presented to the government of
France and unveiled and dedicated on the
Fourth Of July, n0O.
Mr.. Turpie's resolution declaring that the
sale of the Kansas Pacific ought not to
be confirmed unless the government re-
ceived moi only the principal, but also the
interest of its cleim, was laid before the
Senate, and Mr.. Thurston resumed his
remarks upon 1t.
He pointed out that the entire debt of the
Union Pacific railroad. which Included the
Kansas Pacific branch. to the government
was about $7O0O0.O00. The sales of the
main and branch lines would return to the
government $65 1000, or ~ per cent CT
the roads indebtedness to the United
States.
This. Mr.. Th1rs.on held was a piece Of
good fnanciering on the part of the presi-
dent, who, he said, was better Informed
upon the value OF the ROAD and all the de-
taiis barring upon that value than any
other official of the government in Com
Sress or out. lie pointed ou- that IL the
sale OF the Kansas Pacific were not con-
hrmed, the President woaid have no alter
native but to redeem the first mortgage
Bonds and thus instead of having i'm the
treasury more than SO, J1DuOp as a result
OF the sale, the government would have to
invest about $I,WO,0D0 more in ,asn 20 re
oeem the first mortgage bonds, and would
then have on its hands a property that was
of so little value, as compared with what
some senators imagined that no. a single
one or the great railroads centering in
Kansas CITY thought enough of ii to VEN
lure bid upoi, IL at the sale yesterday.
Mr. Thurston regarded the settlement eff
Iected by the administration of the whole
Pacfc railroad business as eminently sat-
tIsctory-a Tar better settlement, better
by nearly $20,000,000, than that proposed
TO nave been made by the Cleveland adj
ministration. This business is in the hands
OF the President. and the country may well
be satisfied with the discretion. the BUSH
ness sagacity, the Judgment and the states
manship of William Mckinley
Replying to Mr.. Thurston. Mr. Harris
lkan.l read a telegram he had received
last night from Topeka, Kan, as follows:
Government lien sold here. Special mes
senger sent TO St. Louis to have Sanborn
approve sale in the morning.
Mr.. Harris said he did not know wha,
practical effect the passage of the pending
resolution might have, but it was eyidenl
that the purchasers were manifesting re
markable haste to secure the confirmation
of the SALE
Remarks in favor of the resolution were
n ade by Mr.. Rawlins, Utah, and i'm on
position by Mr.. Gear of Iowa. While Mr.
warren OF Wyoming was speaking the
morning hour expired and the resolution
ITS privilege having been lost, went to the
calendar.
Mr.. German MD suggested that tba
Scrbett case be voted upon Monday Feb
ri Ia y at 3 pm. This was agreed to-
Inc Corbett case was temporarily laid
ASIDE, and MIR. Turpie moved to take rp
ris resolution relating to the Kansas Pa
| c3fic sale.
The motion was agreed to-i4L23
The detailed vote was as follows:
feas.Allen, Bate Berry, Cannon, Chani-
Ter. Chiffon, Clark Clay. Davis, Gray.
Harris. Heitfeld, Kenney. Kyle, LINDSAY,
Mallory, Mantle, Martin Mitchell. Money.
Morgan, Nelson, Pasco. Perkins, PettigreW'
Pettus, Rawlins, Roach. Teller. TiIiman'
IGriey, Turner, Turpie, Vest-34
Nays-Carter, Cullom Deboe. Elkins
Fairbanks, Frye. Gallinger, Hale. Hanna
Hansbrough. Hoar, Lodge, Mcbride, Nc
MILAN, Mason, Morrill, Plat Comm. Proc
tor. Quay, Sewell Stewart, Thurston War
| ren-23.