Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1900-06-07
BILL AWAITS name
OF William M'K|NLEY
~ ~
News of Passage of Sioux City
and Pacific Measure
Inspiring.
MEANS NORTHWESTERN ACTIVITY
President Hushtt Has Led Us
!. to Believe He Will DO Great
Things for This
Place.
Sioux civ Tribunc. Juno


What Sioux City has been hoping
for for fifteen years has at last come
TO pass. Both houses of congress have
approved the bill authorizing a settle
ment of the governments claim
against the Sioux City and Pacific
Hallway company. and it is only a
question of Il short time before the
line will pass formally into the pos
session of the Chicago and orthwest-
crn.
Among the local business men there
seems To be no dissent from the opin-
ion that the news is the best received
here in the city's history. That it will
be followed by important construc-
tion work here by the Northwestern
is practically certain. 1t may also be
accepted almost us Il foregone concltl-
sion hat the Neville and Ccnterville
extensions of he same road will soon
be built This means the opening up
of extensive trade territories to the
local lobbcrS i'm two different dircc-
tions. OF the beneficial effect of the
change on the local live stock market
there can be no doubt
President llughitt, of The North
western road. has always expressed a
feeling of the utmost friendincss for
Sioux City. But for his road to do
much toward he development of its
Sioux City properties was out of the
question while it lacked terminals of
its own here. Any improvements
which it might have made on the
Sioux City and Pacific would naturally
have increased the value of the prop
erty and have correspondingly in
creased he price which the North
western would have to pay for it when
the time finally arrived for the settle
mcnt of the governments claim
against it.
Now the long delayed settlement is
to be effected. When that is done
there will be no reason for further
postponcment of the Northwest crns
development of it's Sioux City intcr-
csts. The general hope is that this
will make Sioux City the Northwest
crn's gateway into South Dakota, as
it is already he gateway for the Mil
waulSee into the same territory.
TENT OF THE BILL.
The text of the bin was as follows:
An act to create a commission to make
settlement and adjustment with the Sioux
City and Tactic Railroad company of its
indebtedness to the government of the
United States
BE 1t enacted by the senate and house
of representatives of the United States of
America in congress assembled, That the
secretary of the treasury, the secretary
of the interior and the attorney general
of the United States are hereby author
lied and empowered to make settlement
and adjustment of the Sioux City and Pa
die Railroad company's indebtedness to
the government of the United States; and
To that end may receive and determine
upon amy proposition or propositions from
said Sioux City and Pacific railroad COM
pany or from any other person or persons,
corporation or corporations. and may sell
or assign the mortgage given by said com
pany TO the Tmited States and do amy
and all things proper and necessary to
effect such settlement and adjustment
and secure to the United States the lar-
gest sum possible in the payment of said
indebtedness UP TO the full amount there
of: Provided. That they deem the same
for the best interests of the government;
and when such settlement is approved by
the president 1t shall become operative.
and tie attorney general shall make the
necessary acquittances to said railroad
COMPANY.