The San Francisco call., 1898-08-10
Congressman Mcguire Discussed Everything but His
 Candidacy for the GOvernOrship.

and carried on to the decree and order of sale ! When the time came for the sale the Govern
 nent Of the United States simply stood firmly
 upon the existing law, upon that grand piece or legislation known as the thurman aS.- Ane ! Union Pacific Railroad reo-ganlzed ana prorlp 1 y made bid for the payment or the entire debt r0 the United States Government IT the Government had taken the same course with the Central Pacific Railroad, either 9ir. Hunt inSton and his associates at tne IoFecI0s9f 2 sale would have offered and paid every dollar Of the debt due 70 the GoyernTIleIt, or the owners Of one of the other roads running into ogden would have bought the Central Pacific and established a competing line Tor the oene- . ft of the entire Pacific Coast. Or failing that. the Government would have done it's duty. and. : under tEe act Of 1Ss1, would have taken tue l road into its own possession and custody and l would have seen that contiEuods highway at ! e5ntenplatIon and declaration of the original 1 Pacific Railroad act, would have been estao- lished for the general benefit Of the people, and not for the private enrichment or a few ton oS the West.
 senator Morgan says. and t simply shows ton that he gave tn the earlier stages Of the ! contest, that the government position nas been made better than t was before by the passage or th.s measure h what respect z There Is nothing in the measure that has been ment's position The debt was due; large proportion Of it was overdue.
 The Attorney General Of the United States was preparing the foreclosure papers ana was about to institute foreclosure proceedings in order 10 compel the payment or me ueDL or to take the road in satisfaction or the cain Of the government On Ihe 10th oI March and again on the 18th or March the Attorney Gen eral wrote letters stating that ne was pFepaLT- ing the papers rapidly possible; that tEe liens Of the government or both of these roads were subject to foreclosure and that he in- tended 10 proceed. This measure simply ar rested the foreclosure proceedings Under the measure It finally passed with the Bar ham amendment one year is given for the ne gotiattons for refundIng agreement and. set
 The Central Pacific people are bound to noth- ing At the end Of the year. having heId tne
 -SaGi. o- t1.7 tl q @ reist tbe nro ositiOu altogether and Uncle Sam will be in no better SosftIon that he is to-day at the hs. ft gfrGz N- Tun+inrton and his asso- ciates time within which 70 endeavor to get 3 longer period of refunding and lower rate or lion that they did not intend to comply with They knew that they could not get through fourth Congress, but they got through a bill that declared for the principles upon which got through a bill providing for reIunding Tn ten instead of eighty-six years. according to the that they- must pay 3 per cent interest upon The unpaid installments instead Of per cent. What does Mir Huntington say taat theg eg propose to dO2 Precisely what predlcteo on the floor of the House. They propose to keep ! these negotiations pending with Q measure IT possible 10 get the commission 10 recofnIlell ll1 l longer term and lower interest to the next 1 session Of Congress. MT. Huntington. when in ] tarvieWed few days after the passage or the btIl both by the San Francisco Examiner and ] The San Francisco Call. and asked if the Cen 1 trEi Pacific Railroad people intended 10 settle ! according 10 the terms Of this bill, said eva sively. "Oh. a great many things might hap ! pen within a year; l have known great many : things 10 happen within year. Again In an interview with The Call he said: T think there will be changes in this Legislature
 1 later interview, he said. We must have al least thirty years 10 make the settlement
 years probably. and two per cent interest. But it doesn't make much difference to us whether tt Is eighty-six years or thirty years. He ex- pssts p's 70 hoiq the monopoly Of the Central Pa- clHc Railroad by securing refunding arrange G1oIliEaon ot himself and his successors over the interest and over the transportation Of the the people Of California will tolerate his dOmin- lon ana until they either build competing
 road or untlI they secure the building of . competing road by some one else
 II Tor any reason he and his associates should accept the terms Of the present refunding act,
 what would De the result to the Government of the United States? Simply that by the accept ance Of the terms Of the act all the collateral obligations of all these people to the Govern
 nent would be wiped out forever. In no event
 neither In case of failure to accept nor in case of acceptance by the Central Pacific Railroad Company of the terms of this art can inc position CT the Government be benefited one
 I want to say of Senator Morgan of Ala barna that he has fallen into a grteyous error In this manner He has not looked at the question from the standpoint of Ina interests Of California and of the Pacific Coast He has looked at 1t from the standpoint of an Ala baman- In the House of Representatives after full discussion Of the measure and a vote taken, every Democrat and every PouIIIfst in
 the House, with the single exception of MT
 Bankhead ot Senator Morgan's State. voted to repudlate the position taken by Morgan-voted to sustain the position taken by the T)an1o- cratic and Populist Representatives from the | Pacific Coast and the Silver Republicans from Nevada for Frank c. Negylards of Nevada made a magnificent fight against the measure. supporting and uph0ldiug us. The measure was evidently sought 10 be made a marty measure in the closing hours of the last sas- sion Of Congress, and may say that The time was well chosen for the action that was taken
 because the session ot Congress was draggfne along long after it was expected that the ses. ] sion would close, and, as always under srch circumstances. large proportion of the mem bers who had made their arrangements to Vo ! away from Washington in antictpatior o, l early adjournment had gone away Those yrh6 | left were about the same proportion of West ern Southern, Eastern and Northern Repre- I eer4a+fves When the crisis came over tbie measure 1t was impossible to call back the