The record-union., 1898-02-16
WHOLE NO. 1876

Whether il would pass the congestion
which sometimes takes place in the
other branch of Congress he could
not say. 1t would be possible how
ever, thus TO demonstrate whether
| there was a power in the House OF
Representatives which would stand in
| the way of the proposed measure in
tended 10 save the people of the coun-
try nearly 100000.
Political parties will sometimes
permit robberes. They will swallow
| the consequences OF those robberies
without strain; but the people will
not allow themselves to be juggled
with whatever political parties may
do" concluded Morgan
Gear objected not only to the pre-
amble of the resolution, but also to the
wording of the resolution as discourte-
Gus TO the Attorney General. Refer
ring to a petition of a London banking
firm, read as a part of Harris remarks.
which contained evidence that thece
was trouble between the Reorganization
Committee and those whom they rep
resented, he said that when rogues
fell out, honest men We're likely to get
| their dues
THAT is Il consummation devoutly TO
be wished exclaimed Harris. when
these thieves fall out perhaps the Unit
ed States will get its dues
Gear. continuing regarded as the
greatest plume in the cap of the pres
ent administration the fact that it re-
ceived one hundred cents on every dol
lar of the Union Pacific Indebtedness.
Then why is it willing to accept As
cents on the dollar for the Kansas Pa
cifc Indebtedness" inquired Morgan.
Il don't know that it is" replied Gear.
But if it is. perhaps it is because the
road is worth only 4S cents on the doll
lar"
Foraker of Ohio discussed the situa-
! ton as it had been viewed by the Pres
ident. The President had asked Con-
gress to give him authority to enter the
sale of the Kansas Pacific as a bidder,
hut Congress had taken no action. The
final offer made by the Reorganization
Committee the President had evidently
regarded as reasonably satisfactory.
Senators might differ from the President
as to the value of the property, but he
had consulted many well informed per-
sens. and felt that in receiving the full
amount of the Kansas Pacific debt. less
| the interest. he was doing very we'll.
Gear moved that the resolution be
referred to the Committee on Pacific
Railroads.
Pending the vote on this motion, Tur-
pie declared that an effort was being
made by the Reorganization Commit
tee TO recoup out of the Kansas Pacific
sale what it was compelled to pay for
the Union Pacific main line in addition
to what it had expected to pay. He
maintained that the Kansas Pacific
branch was necessary to the ownership
of the main line, and that they were
compelled to purchase the branch road.
In view of this fact. they ought to be
forced to pay the SG,0G0. 900 of interest
due
Turpie then offered the following reso-
luton. and asked that it lie over until
| tomorrow:
Resolved. As the opinion OF the SEN
ate, that the sale of the Kansas Pacific
division of the Union Pacific Railroad
made To-day ought not to be confirmed,
except upon the terms that the original
claim and the interest due thereon from
the said railway company of the Kan
sas Division be paid in full by the bid
ders.''
Gears motion to refer the resolution to
the Pacific Railroad Committee was
submitted to the Senate. and the motion
was defeated-19 10 81.
Two verbal amendments by Chandler
We're agreed to, and the resolution was
adopted without division.
On motion of Chandler the preamble
was then stricken from the resolution.
| The resolution as adopted reads as fol-
lows:
Resolved. That the Attorney-General
is directed to inform the Senate if he
has authorized the abandonment of any
intention to redeem the first mortgage
bonds issued by the Union Pacific Rail-
road Company, Eastern division. now
the Kansas Pacific division of the
Union Pacific Railway, and to ask
postponement of the sale thereof and for
the appointment of a receiver therefor
in the interests of the Government OF the
United States, and also if he has author
lied an agreement by which said prop
erty is TO be sold for the face value OF
the subsidy bonds, resulting in loss
to the Government of the amount ut
SG.624. 101. and if the Government has
agreed not to be a bidder at said sale.
At 2:30 p. M. on motion of Davis,
the Senate went into executive session
After the executive session the re-
port of the Attorney General on the
Harris resolution was read.
The bill was passed to create a local
board for the examination of steam
vessels in Alaska.
The Senate. at $50 D. M. adjourned.
HOUSE PROCEEDINGS.
WASHINGTON. Feb. 15.-The House
put in "a busy day. The time was de-
voted to the consideration of bills and
Joint resolutions presented under the
call of committees, and sixteen of more
or less public Importance were passed.
Az order was entered for the considera-
ton of the Loud bill relating to second
class mail matter On March LIST, I'd and
Sd. and the order for the consideration
of the bankruptcy bill. which begins
tomorrow, was modified so that the
final vote shall be taken on Saturday
instead of Monday. as arranged last
week.
In the House to-day COoEey CD or
Missouri, rising to a question of privi
lege. called attention to the fact that
a resolution of inquiry introduced by
him December 18th. calling upon the
Secretary of the Treasury for a state
ment and accounting of the receiver OF
the First National Bank of Sede!ia.
Mo-. which was referred to the Bank
ing anu Currency Committee, had not
been reported back. Under the rules
a resolution of inquiry not reported
upon within seven days is privileged.
After an explanation by Johnson OH)
OF Indiana, on behalf of the sub-com-
mittae of the Banking and Currency