The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-02-07
pERKINs ANsWERED HOGG.

Win the text OF the jas t1tiA9-''N-
PERKINS ANSWERED HoGG.
House committee on CONSTITUTE nal
amendments this afternoon c-ntiAu.d as
public hearing on the H5gs amen-m 'nts.
lhe etmmiylee met first in small roo.h.
MIR Green moved that uae cV4nAi zee
move to tae house CHAMBER to hear jude
Perkins rej.lndes TO Ex-Governor hoss'
MIR. McMsans moved as suosti -ute
tina Judge Perkins BE- invited TO a-d'ess
The c.nmlltee in tine sman t~ol.
iMr. Ellis Lines ,GueJ said tAe SINE
cour .esy Should De extended 20 re- ans
tuat vas extended 70 HoSg.
Juuge McMeuns SAID mat II Judge ier'
kins wlsAed 10 address The eo-a.i!'te >
he .l9uld DO 50 10 ,he c1nm tie % N,
cut TOR tear that S. cody might al
ae CMoMeansl Nus afraid OF some nS
ne would withdraw his milton.
he motion to ADJOURN 10 tle no So
chaqnber was carried,
iafge audience was present in tie
house to near Judge te.Ains, wno epo"e
firm the floor declining ChA.r-.al Saan-
hons lnyt.ati.n 10 taSe the spaa.er 5
stand.
Juags Perkins SAID lawyer was at a
d-s4avantage In an effort 10 make sio-
Ject Interesting nicer il lad Bel .araey
discussed, bur things had been Sad Dy
iIe other side winch neces;ita, sd a
further presentation Of law aal facts,
he desired trs. to Impress be f~ct
that tae proposed amendment applied u
all corporations as well as 70 lai to-G
rectly nut It had been NINA 81 that he
amendment would apply Cn.y 10 rail I'd
ccTIolG-,ivrg.
ana next proposition OF the ether side
was hat this is not al eX POS, 4a.tJ Ia, -.
lie ci,ed cases decdGd ~ ne refer IL
sup 't.1e court 20 show lhat tn p OPP 3ed
saer5meAl did in fact coLS,.t.13 "a et
post facto Jaw. rae PR pose, a.ue4
nent c-L,ained a penii euac.m.L- L. .h3
torn of fine aui torte.tu.e OF tie lie
o. he c.l'p .dt..n. Ihe r.le OF tv..e .ee
p es, .'ibed in The ameAdneu- for pr.y.ns
Insolvency made it an cA POST ia 10 lo.
Inc attachment piepo ed 20 p.,,e n
: o.yeDcy By past faces and i.fli, cap. al
punishment upon toe CIR. ora i'm.
lhe tlird ptoposJ,. quesd.nel by the
ftnes side was thai tde proposed amend
ment wouid impair .he ub.i ga.ion OF ION.
u 2cis. he State mad authorized The or
sani%atlon OF corporations; thee cor
loia,ious We're authorized to issue si.oc..
ana bonds; these bonds were EN- IA n.
l ne proposed Amendment prop SD to de-
clare certain of these bends ID. HIS
lnpalrlng the obligation of the coLtra
WhIch they represent The other si.o
dare not contrCyert The fact that in he
hr't commission case the tIus ees 70
certain b-n1hclders appeared and $40 a
mat tae bonds they represented we q
oelng impaii ed by certain rates estlD-
l.shsd ny the commission. The au h r CT
lnese amendments was then z We. nor o
tue state sworn to enforce the Law. he
vase cIed rested upon the vaiIity If
The bonds, Then was the time to esa1-
Lish wlether the tonds represented ii. IL
,lGGS values The gauntlet was throAn
Town then that the b. nds We're Wild
J e. the validity cf the bonds WIS MT
'aIleu into question. 1t was now too late
or any persln who had the opportun ty
~ a. oihelal capacity to ascer AIN the
'dhdity OF these bonds, and did n,t d,
90 to come before q legislative csmmir-
zee and claim they were invalid.
II there We're any fictitious bonss mr.
,souhs issued by Texas railroads the rail-
oau commission has the power to dis
'vFeF Vhem' and everybody kn.ws that
ne discovery would have been made
ong ago. He was astonished at the nroof
'aYanced, namely, that the stock of a Ger.
am road had sold in Wall street at l-o
cues on che dollar, AT the time ouo ed,
ne read IN question was being peor
,"uiHeu ana an assessment OF more ,han
took. "sa'HS' '''e
Inc railrcad commissions yaluatio, on
ailrosds had beer fixed al I. ms W.,
aooE and materials were cheapest. He
sseIted that the Texas and Pa q ~ >
sv,vVV mile and that as II was paving
interest on only $4,000 a mile, the Nj
othIrg. fe'1'N'hs
lie adyerted to the land grants. assert
us mat they showed the SUP ere WI
3 ~ CT me fathers OF Texas.
~ 70 rae question CT pusl.c D ll,y.
Suse rerh.ns said: "Lcok ii rgtt i,
81 n ~ tooe ~ ne proposition Is TO des rev
' lsrs'Vo'OVu OF stocks and bood, which
or ~ on tneir lace at least, Issued ia
60 me statutes Ct the Sate.'' T1a "a
;sssTisd' was reputation, pora NJ
Inpie. He referred to the 70 ls., -,
~ tra's, p ore9 then thin thev Az
w. tNeuty years ago to adoot M. 3r ~ {
oNie. oy repudiati d5c,lire ss s-tIsI
= Na.lolsd Issues OF Ion 5 an a. r
tvuey' lie declared that II wa nos
ITO .Pte 70 sell the stocks and hoads a, new
aI!feads AT par. " i'e"
yoro .sa the fact that exc yern r !
,vss' Win all his Influence, had + liza =
e! late the bonds Of the In fjno
- al az ana he ventured TO as en. III .
~ man would fail in an attero,t ~ +
ms 5soN"te the bonds Of any inlepea lent |
,s - using the payment Of taxes ON tina
n ~ earning value. he de Earsd hat
T, $ sSe piack land country. farms asses "a
~ 20 % an acre rented for s. an acre. THAI
,~ - per cent. The railroads. acearis
e the railrpad copmisslon err,e3
aina feht on tbs basis OF their ses ed
ons M sa.a he realized the difficulty which
ornn any man wis representei a /
s,,bhoFAtion No man could fen sym
asny or affection for a corpora.'op te INV
arei colo, intangible thing. But he
nv 70 assert that Ia appearing for the
s,PSraton' he was speaking far m r.
-, Gus Than the gentleman 10 whom he
c ~. Feplying. To des.r roy these cornora-
s sns would be to attack the people otl
80 the general espensen acc.,I,t
.rst by ex-Govern5- fiosS me "a /
IN cqmmeres commission prescribed
e'eJunt ana the railroad commits,
~