Omaha Daily Bee Newspaper, August 6, 1884, Page 2

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S 2 t MAHA UAILY BEE---WEDNESVDAY, AUGUST 6 [ CAPITAL PRIZE §$75,000 THE UNION #a Tickets only 85, Shares in Proportion'wa Lonisiana State Lottery Company. " W Ao hereby certify that we rupervise the @ ll:(l’l:"l‘zzflmghly 'llvvi Hrnz(-AmwA Deavings of 1 islana State Lottery Company nd i e manage. and sontrel 1he Drawing. themselves, and that the same are conducted i) Ronesty, fairness. and in good faith toward all par ties, and we anthorize the company to use this cor 1ifleate, with fao-similes of OUr Bignatures attacked n dts adosrtleoments.” fi Comnssonme Tnoorporated In 1868 for 26 years by the #or educational and charitable purposes—with & cep S\l of $1,000,000—40 which & reserve fund of over 560,000 has #inoo been added. $ By an overwhelming popular vole e franch'se wat'made & part of the Bregens state consliukion adopted Decomber 9d. A. D, 1570. 72 i ‘The only Lottery ever voted on and en- dorsed by the people of any State. It never soales or poetpones. Its grand single number drawings take ! monm"mmny to wina Fortu A splendid na ne Tighth Grand Drawing Class 11, In the Acad: of Musie, New Orleans, Tuesday, Aug. m 1884 —-171st Monthly drawing, OAPITAL PRIZE, 875,000 100,000 Tickets at Five Dollars Each, Frao: tions, in Fiftha in proportion, LIST OF PRIZI PACIFIC. Histary of the iwindlc from Its [ncep- tion Dowa. Oheated the Country Out of 44 Millions in the Construction, Issued 47 Millions of Illegal In- debtedness and Pocketed the Money. Defied the Thurman Act, Paying the Government Nothing, and Dividing 19 Mil- lions Contrary to Law, ! Finally, Brought to Terms by Fear, Fired Dillon Out and Elected Adams. A Suppressed Senate fReport—The House Bill in the Senate, From the New York Timex, (Conelusion. ) Aslong ago s tho 2d of Kebruary, 1883, the commissioner of railroads ad- drossed Secrotary Toller, calling his at- tention to the lurge unsettled indebted nees of the Union Pacific on account of munds, MoMillan, Logan, Tngalls, Hoar, Bayard, Lamar, Garland and Pugh. This was Jan, 21. Very soon the committee went to work, first obtaining from the interior department and the attorney general's office, long statements of the stops taken by them to have enforced the Thurman act. About the last of February the committe under the lead of Messra Edmunds and Garland came tr one or two conclusio The first was that the Central Pacific had fairly tried to live up to the law, but that in every rospect tho Union Pacific_ managers had #et it af naught and indicated a com- plete and most sssured indifference to the Jaw. Mr. Edmunds was full of the subject, and the committee directed him to write a report. He did so but it has never reached the senate nor the public. That paper was submitted by him to the committee. Some of its members de- murrred, but his logic was so unanswer- ablo that finslly all of them gave their assent, But so secret had been their de- liberations that none outside of the com- mitteo understood fully what was in the wind. Mr. Edmunds’ report was not a long one, but it reached conclusions that possessed & personal interest for somo well.known financiers. Beginning with n review of the government aid to the Union Pacific road, it went on to discuss the need, constitutionality and provis- 10ns of the Thurman act, These plain provisions are recited, admitting of no cquivocation or double meaning. That not one cent had been paid into the treasury uuder its 25 per cent provision since July 1, 1878, was brought out, while during the same time over $19,000,- 000 has been divided in dividends, And this with section 6 of the Thurman act, providing that ‘“‘no dividend shall be voted, made or paid for or to any stock- holder when the company shall be in default in respect to the payment of the e bl y hich Dee. 81, 1881 i idi % PRIZES OF $6000 2,000 Abaay SAee Yyt A “ | enid sinking fund.” This wholesale de- 6 do $1,727,742. Ho admitted that the com- flance of law the roport characterized as 10 do pany claimed that it was less, becauso without parallel. Taking up the com- w i tho company counted as operating ex- | .o plea, as madoe by President Dillon, 800 do penses money spent for new construction that the l’l;lfl ought not to be made to f “ transportation, r. Edmunds indicaf s e g shall consist solely of ‘tho necessary ex- | ;, U[rl)iniml of that in exceedingly strong L penlu;mtu:}l‘ly P"dl":dh‘]" th; i“rh:n terms, He showed that the law was — erating the ssme [road] and keeping i 1967 Prtss, oot tha sme n 8 state of ropaie." Bub even | Saadatory, and no matter what disputed foation for rates 8o olube should bo made only | deducting the claim of the ot Tare) o ot isrebiy A, o e ot L D ad, s0 manifestly contrary to law, he | Py A B0 1 RAS B FLERY For further {nformation write cloarly giving ful | FOAC, 8O MAI L * . leased from its plain obligation, Or, e~ Make P. 0. Monoy Ordors payablo and :zl‘xl::g‘tls\:t(;gcw;‘;qnull delinquent in the supposing it had withheld the money ,036,824. i ORLEANS NATIONAL BANK, New Orleans, Ia. Postal Notes and ordinary letters by Mall or Ex pross (all surhs of 85 and upwards by Expross af on expenes) to M A. DAUPHIN, orM. A DAUPHIK, Now Orloans La, 607 Boventh 8t., Wash ngton, D. C. STRCKPIAND The Steck is a Durahle Piano. THE STECK HAS SINGING QUALITY OF TONE FOUND NO OTHER PIANO. BOLD NLY BY WOODBRIDGE BROS., 215 OPERA HOURE, OMAHA NEB. DOCTOR WHITTIER 617 St. Charles St., 8t. Louls, Mo. Ar radate of o Medies] Co 1oen longer Nemveoy 87w rial and other A s, Blood Poisoning, Ath unparalieled L {ndiscretion, Excoss, Slfecan on Intest sieuiig Discases Arising from Exposure or (ndul Sollbving sficets ne (4 s freeto any ad fieo or by mall froe, s d I nvlied. fo e A Positive Written Guarantee wivem In all curable cases, Mediclnes sens overywhere, Pamphlets, Inrlllh or Gorman, 64 ., ds- acribing abovo diseases, in male or' fomale, FREE. ”MABRRIAGE CUIDE ! VLot now, A book of greal fntgrest to all, M Heppioes 'sre protieied by 11 sdvice thrives on Horlick's Food," write hundreds of wrateful mothers. Motber's milk contains no March. An artificial food for Infants should contain mo marc. Tho best aud most nutrtious food in health (] o slcknouw fo [{y LFADY DIGRATED, roe from tarch and roquires 1o cokiug, Itcommended by Physciann iy beneticial o Nursing i Price 40 ‘cents. 1y il druieints. bildren, free. i Ching extani. WIll be sent by mail on recelp HORLICK’S FOOD CO., Racine, Wis. 84~ Unx HORLIOK'S DRY EXTUACT OF MALT™WS HAMBURG-AMERICAN Faclket Company. DIRECT LINE FOR ENGLAND, FRANOE AND GERMANY, The of thly well-known lipe are bultt of s T e e carry the United: Blatos wad leave New Yorks Thure- or, Pymouth (LONDON) Ghior- HAMBUMG. - agents in Pase e 1 sarape. ol JEFFERSON PARK DINING HALL , MRS, J. BCHOLLER, Proprietor, Day Board $4.00 Per Waok, Everything new and first clars Too oresm and Lem. mfl:‘w Coffee 6 cents, aud & served st al hours. 61 North Sixtesnth Street, Omsha, Neb. TSI CP R — James Medinal Insituis Chariered by tieStateol 1L s for theexpress pu; of Givingimmediate relleiic all chronic. urinary and pri. vate disccses. Gonorrheea, Gleet andbyphilis in ull theis complicated forme, also al' diseases of the Skin und Blood promptly relieved and permanentlycured by reme. dies teatedn u Forly Years Mpecial Practice, Semina) %5 Night Losses by Dreams, Pimples on tre Fuce Lost Manhood, positively cured There &3 mas experimeniing, The spprojiate i.s.edy 434t ilce used in each case, Consultat.ons, #onal or by letter, sacredly confiden contents or sender, JAMES, No. 204Washingion 51, ,Chicago, 2 Ingion 6. Chicago, 1}, Commissioner Armstrong recommend- od that the Attorney.Geueral be directed to bring suit for recovering the money due, and also have his attention called to the law, which vrovides that if the road should for six months after they were due neglect to executaany of the provisions ot the provisions of the Thur- man act, *‘such failures shall operate as a forfoiture of all the rights, privileges, grants, and franchises derived from the United States, and it shall be the duty of the Attorney General of the Umted States to cause such forfeiture to be ju- dicially enforced.” Here was a decisive official step, calling to the attention of Secretary Toller the neglect of the At- torney-General to obey the law and pro- coed against the company for a forfeiture of its franchise. The report was forwarded to Mr, Brewster the same day. April 21 a copy was sent to President Sidney D ilon by Secretary Teller and a demand for pay- ment made. After quoting the section of the Thurman act which prescribes fine and imprisonment for the directors if they paid any dividends without making these settloments, Secretary Teller ‘‘sug- gested” that the undisputed $1,036, be handed over at once, even if the rest were withheld on any excuse. May 1 M. Dillon found time to answer this de- mand, He paid no attention to the law relative to the obligatory payment of 25 per cent. of the net earnings, but calmly went into a little calculation to show that by his figures the government owed the road for postal service some $4 650,- 027 and has been paid but 81,911,138, loaving a balance claimed to be due of $2,738,81 Concluding that the gov- ernment, then, was the heaviest debtor, he wound up with gentle simplicity: 't seems hardly reasonable to require the company to pay the balance thus claimed by you until the questions in controversy can be judicially setiled.” Inasmuch as the system of ** balances’’ was not alluded to in the law, and there could be no ‘“‘controversy” sbout the company’s obligation to pay what was demanded, this roply was almost monu- mental. May 11 the papers were sent to the at- torney general by Secretary Teller, recit- ing the facts and recommending that the proper judicial proceeding be entered upon, At about the same time Mr. Dil lon arrived here and had several inter- views with the attornoy-general, Both seemed satisfied witn them, and Mr. Dil- ack to Now York, Mr, Brew- ster put into the court an account in “set-of" of the amount duo the United States against the *‘claim” of the road. He did nothing looking to the indictment of the directors af the road nor the for feture of its franchise, which under the circumstances presented to him by Secre- pending a settlement, it must retain it as a trost fund until decided by the courts that it had already been paid in another form. Instead of that, the directors, though expressly prohibited from doing 80, had divided these funds In dividends through a term of years, until, if they should be defeated in their claims for transportation, these sinking funds could not be replaced and the entire scheme of of the Taurman act fall to the ground. In fine, the directors have taken into their own heads to offer the sinking fund aclaim where the law demanded cash, and the law officers of the government had allowed it to go on. The revort closed with a resolution calling the president’s attention to theso fucts and asking to order the attorney general to proceed to have excouted the penalties prescribed against the Union Pacific directors for illegally doclaring thene dividends—viz: ‘‘Any officer who shall vote, declare, make or pay, and any stockholder who shall receive any such dividend, shall be liable to the United States for the amount thercof, which when recovered, shall be paid into the sinking fund. And every such offi- cer, person or stockholder who shall knowingly vote, declare, or pay such dividend shall be deemed guilty of a mis- demeanor, and on conviction thereof shall be punished by a fine not exceed- ing 810,000 and imprisonment not ex- ceeding one year, That was the resolu- tion of the senate judiciary committee, and had it ever reached the senate that body would have adopted it. Could these directors have refunded to the sink ing fund the nineteen millions thus di- vided, to say nothing of the part of the ponalty in talics! These directors last year were Sidney Dillon, Dayvid Dows, Jay Gould, Russell Sago and A. H. Green of New York; Fred L. Ames, Eli- sha Atkins, Ezra H. Baker, F. G. Dex- ter, and Charles Fransis Adams, of Bos- ton; J. A, Ruamrill, of Springflold, Mass; Hugh Riddle, of Chicago, 8. H. H Olark, of Omaha; John Sharp, of Salt Lake City, and Grenville M, Dodge of Council Bluffs, These names ougnt to be good for the £19,000,000. VIL Mr. Enmunds had this boombshell ready and approved by the committoo the tirst week in May. ~ He felt satisfied with his work, and looked forward with comfort to the fact that justice was about to ba invoked for tho Jay Gould party, which had so long defied the Thurman act. In the sccret councils of the com- mittes the question was discussed of sending to the house a statement of the attornoy general's delinquency in mot proceeding against the Union Paciffc di rectors, He had set up the 25 per cent. due under the Thurmuan act as a ‘‘set off " to the olaim for transportation made by the road, but this did not seem ade- tary Toller the law expressly says he “shall” do. The “set-of” did not trou- ble Mr. Dillon. He knew that it would be soveral years before the case could be sottled, Nearly a year after, when Mr, Brow- ster was asked by the senate what action he had taken to enforce the Thurman act he briefly referred to these facts, and added as a reason for bis failure to com- ply. withjithejlaw, *‘The case has not soemed to me to require in its present stages strict enforcement of the act o* May 7, 1878, | Thurman u:}l and T have taken no steps to enforce the forfeiture prescribed for failure to comply with the w':th “‘;:‘l‘l‘:’ alnulo was that he had not thoug| 0 law oconcerning himself required to be alwl{lfld. % The protext given by the company for not complying with the Thurman act has been based on & claim for extra compen- sation for carrying the mails and for transportation over the amount allowed by the government. The suit has boen going on without mppreciable results since January 1, 1878, The company thinks it should have over £3,000,000 thus paid toit, and on this refused to pay the demands of the Thurman act, ex- plicit as they wece. This excuse sufficed until men reslly in earnest took hold,and | g then the quickness with which this de quate. The committes considerod wheth- er he had not neglected his official duties innot preventing dividends from being illogally paid before the sinking-fund re- quirements were mot, Nothing came of it, but Attorney General Brewstur prob- ably little realized how near he was to bping made the subject of an inquiry. Leaving that, Mr. Edmunds intrusted his report and resolution to Senator Hoar, who did last session many of the duties on the floor of the chairman of the judiciary committee. The Massachusetts spnator was to bring it into the Senate, and the date was fixed at May Gth. Vi These proceedings, however quiet], conducted, were buFI:K L Union Pacific roopln. They knew of every call for information from the de- partments and all that took place in the attorney-general’s >ffice, ore than that, they had a general idea of what Mr. Edmunds was doing within the closed walls of the committee-room. Men are not kept in Washington for the pur- pose of finding out what is going on for nothing, On the very morning that Mk, Hoar was to make his report Charles Francis Adams, Jr., arrived in Washing- ton, and lpudily}ru in an appearance the senate. © used to be a govern- otor, but in 1882 had succeeded mont- fense was abandoned showed how unten- | 1o the same place in the corperation able it was, have grotjoutu:l the company from al. ways having s claim agaixst the govern. ment and an obliging attorney-genoral from making the sinking fund require- ments only an offaet to it, VI, Early in the session Edmunds intro- duced the bill ) which to pay their debt to the govern- r- dment in 120 semi-sunusl installments, { defer: I ill granting the Unioa aud [ Hoar, Mr. Ingalls, Central Pacific sixty years' extension in respect to Nothing otherwise would | soon after ho had made his memorable visit over the Union Pacific, and recom- mended its stock to the people of New England as a conservative and safe in- vestment, on which assurance many folks of moderate means in that section had so invosted their savings. Mr, Adams lost no time. He saw Mr, Edmunds, Mr, and others. Out of urgent appeals the the report was the following day. his of until submission which the commiasioner of railroads had | What Mr, Adams did in that twenty-f vropared. Tnis opened up the entire | hours no one knows so we;l a8 r‘.i’m.:fi.' subject. It was roferred to the ;udiui-?' committee, consisting of Messre. I It probably waa the hardest day's work that be ever did for the road, No con- cealment was made to him that the com- mittee had resolved to act and that the result would be extremely unpleasant to the directors in several ways. IMr Adams protested. He said that he had alwa; been told that everything was all right, and for himsclf he was perfectly guiltiess of any intent to violate the law by voting for dividends. As a new director he had very little to do with the management. His personal appeal was a very strong one. He represeated how unenviable a osition he would occupy, having given fita endomement t0 the managers and the stock, if the road should be brought to terma, Mr. Ed He declared that such action as munds contemplated would de- ntire value of the stock, create mpletely discredit Jay Gould, and bring to ruin many excellent and worthy men who innocently had pur. chased the company's mecurities, This Iatter suggestion had _some weight, and the storm.clouds of the approaching crash in Wall street gave }orw to his apprehension of the tinancial effect. Mr. Adams was hardly able to realize the edge upon which he and the others atood, but the committee's report made it clear to him that ever since the passage of the Thurman act the directors had been defying the law, and it only needed men who, like Mr. Edmunds, had no fear of Jay Gould to topple over the whole fabric with a sin- gle push, Mr. Adams insisted upon a atay of proceedings until the company could be heard. He thought something coald be done, and that a compromise could ke arranged, Asa result of his urgent entreaties further action was sus- pended. and May 20 set down as the dato on which the company could make its statoment. The interval was indu:tr'ously profited by the Gould party. They saw that bar- ren ‘‘sot-offs” would not do with the men now atter them. They resolved by almost any means to delay, if they could not defeat, this movement to protect the government. In the meantime the Wall stroot crash gave them a handle upon which to hang and appeal for time. May 20 Mr. Dillon’s argument was submitted to the committee. Among the objec- tion made to any action was that Attor- ney General Brewster had agreed that the Thurman act should be treated as a nuility, at least until the endless suits in the court of claims were disposed of. The committee was in no mood to be put off by Mr. Thurman's arrangements. Then the plea that no wrong had been intended by the innocent railroad man- agers, and the potent one thattheenforce- ment of the law would provoke a panic and probably throw the Unton Pacific in- to the hands of the government, were presented. The committoe hesitated and finally gave the railroad people to understand that they would not precipitate. If guarontees should be given that no mora dividends would be paid, Jay Gould left out as fthe controlliug manager, and the road run first in the interest of the gov- ernment, and secondly for the much- talked-of innocent stock holder, the pen- alties would be left in abeyance for a time. 1%, This seemed to bo a heavy demand to make of a corporation that has never yet paid serious attention to the regulations made by congress. But the managers were frightened. They knew from Mr. Adams’statement thatthings weresqually, and they preferred to delay rather than como to an open fight. Besides, the road is not worth so much as it was, its debt is overwhelming, and so the Gould party were glad to step into the background. They agreed with Mr. Adams to make him president instead of Sidney Dillon, transfer the offices to Bostonand acquiesce in any further terms he might make to pacify the senators The latter were also in a stew because pressure was coming on them from out of Wall street, whose in- terest would alzo be hurt as well as the magnates of the corporation. The com- mittee were willing to yield a good deal if they could be sure that the company’s money would not be illegally divided. 8o Senator Hoar went to Boston from the Chicago convention, and there agreed with the Boston directors upon four propositions. (1) No more dividends tobe paid until after congress again meets; (2) all moneys due or to become duo for government transportation to be rotained in the treasury, both for subsi- dized and unsubsidized parts of the road; (3) tho company to pay forthwith into claimed under the Thurman act for the year 1883; (4) the check for $69.359, so long lying unaccepted to ha taken on account, The surrender involved in these prop. ositions was wonderful, To this Mr. Adams expreesed his will- ingness to accede, and tho next day at Now York, in compliance with the un. derstanding given the committee, the directors passed the dividend, accepted Presidont Dillon’s resignation, and eleated Mr, Adams in his place. A fow days efterward the §718,000 was dopos- ited with the sub-treasurer at Boston, X Meanwhile, in the house the Pacific watohed by the [ h railroad committee had taken this thing up in earnest. All through the spring they struggled with it, the railroad attor- neys, both on and off the committee, try- ing to delay action. Here the railroad- men stuck to the sixty-years extension, and the majority insisted on an increase in the per cent taken from the roads by the Thurman act. “‘But,” said Post, of Pennsylvania, and Caseiday, of Nevada, ‘‘what is the use of that! You cannot col- lect the 25 per cent under the present law, and it is nonsense to talk about get- ting the 356 proposed by you.” FPhil Thompson, who was managing the 35 per cont bill, replied that some time an at- torney-general would be found who would exeoute the olear dutles of his office. Finally, after a long fight, he obtained a earing In the house, Speeches were made for two or three days. The lobb; was active. All sorts of ideas were M{ vanced, Abram 8, Hewitt, who is no **wrecker,” put the case in a nutshell. He said: *‘There is & misapprehenslon in this house as to the present condition of these great companies. They havs been spoken of here as if they were prosperous and making money. I wish it were so for the e of the com. panies, whose stock has long since passed into the hands of innocent bid- ders, and for the sake of the people of this country; but these companies are to-day in dire distress, one of them i torioualy in very great straits. Its divi- dends will be passed, I doubt whether in our du{ dividends will be resumed.” Then he laid down the bare proposition that unless the government is careful it will find the Union Pacific railroad on its hands, That night the railroad wmen were admonighed to be in their seats tn the morning to vote for the Past resolu- ton, The next day Thompeon offered an amendment raising to 05 the per cent to be required from the Union Pacific and to 40 that from the Central Pacific. To overy one's astonishment it was adopted without a division and without a vote registered against it, and the bill passed the same way, Whyshis change of front! The railroad men had been informed of the senate judiclary committee’s agree- ment. They knew that Thompson's bill oould get no further. They wasted no strength because the bill was doomed to igeon-holed in the upper branch. Saturday, June 21 it reached the sen- ate. Mr. Van Wyck moved to refer it to the railrord committee on the ground that the judiciary committee had already entered Into an agreement with the Union Pacific which precladed it from pushing this measure, Senator Edmunds tried to silence Van Wyck as being out of order, but on motion of Senator Pen- dleton he was allowed to proceed. After referring to the notorious influence held by the Union Pacific upon congress, de- pariments and even the courts, he read from Mr. Edmunds' letter to Secretary Teller where he says ‘‘the committce will postpone until the first Monday in December, 1884, the further considera- tion of the matters arising under tne act of May 7,.1878." This agreement, Van Wyck urged, would smother the Thompson bill re- the treasury $718,814, being the amount | gardless of its merits, if it was aliowed to go to the Judiciary Committee. He went on in a startling arraignment of the committee. Turning to Senator Hoar, he said: “They thought to eliminate an unpleasant feature in the company and place at its head a very worthy citizan of Massachusetts, Charles Francis Adams, But I would say to my friend from Mass- achusotts that whilo that may satisty the Judiciary Committee that sort of eminent respectability will not satiefy the people. Charles Francis Adams is President of the company now, but the same gang of gamblers are behind him, They have been running that road for the last fif- teen years only for the money they have gambled in stock. Charles Francis Adams in examining the condition of this railroad told the people of Massachusetts he was satisfied that it was a safe invest- ment. He invited the lambs of Massa- chusetts to come up and be shorn, and because it came from so eminently re- spectable a scource as one bearing the name of Adams they rushed into the pool. What Charles Francis Adams did by his respectability among the people of Massachusetts is sought to be done by the same respectability upon the Con- gress of the United States.” Senator Garland made an ineffectual attempt to show that the committee had not committed itself, and as the situation grew embarrassing Senator Hoar made an explanation. He defended the action of the committee on the ground that a total change in the management of the road was in contemplation, that Mr. Adams was to be made president, the oftices removed to Boston, and the stock kept out of Wall street. With frank- ness he stated the real argument put forth by the Jay Gould people, who were then trembling on the verge of bank- ruptcy. Mr. Hoar said: *They say it will bea very great public injury to us in the present state of the stock market, when there is likely to bea great panic, to come forward and recommend the attor- ney-general of the United States to take measures for forfoiting this franchise. It would utterly destroy the government security for the debt. It would utterly destroy the property of many innocent stock-holders, and it would have effects calamitous and far spreading, much more than these two direct results of your action,” and further Mr, Hoar said for himself, “and whether it [the agree- ment] was a good thing for the public any senator who recollects the history of the last eight weeks [the panic] will judge for himself.” On the assurance of Hoar and Garland that they would give their attention to the bill, Van Wyck withdrew his oppo- sition to its going to the judiciary com- mittee. In the remaining fifteen days of the session it was never alluded to there. Their compact with the railroad was scrupulously kept. xI, Mr. Edmunds has given the Union Pacific people a respite—that is all. The June panic is over and cannot bs in- voked again. Another session of con- gress will give him time to act, now that all the facts are in his possession and the company has put itself in his power. The Thompson bill is in his hands, and he can put it, or almost any other, through the senate. Just what his plan is no one knows exactly. One thing is sure, no more dividends will be paid on Union Pacific stock until the §52,600,000 now owing to the government is provided or, xIL These, then, are the facts, The Union Pacific now owes the government $33,- 520,612 of subsidy bonds, on which the interest unpaid amounts to §19,054 489, and is inoreasing at the rate of a mllion ayear. This becomes due in a dozen years. It has $27,209,000 of hrat-mort- gage bonds and enough others to bring the bonded debt up to $117,487,492, 261,000,000 of stock, a total lien of near- ly $231,000,000, & sum suflicient to build the whole road three times and to spare. Ot all this all the stock and a good part of the mortgages have been illegally is- sued. Yet year by year their interest has been paid, and not one man in the goy- erment has done aught to stop it, save in the despised Thurman act, now galvanized by Me. Edmunds. The road is almost bankrupt. Paral- leled by lines to Ogden, with three com- peting transcontinental lines, hardly able to earn its bonded charges, weighted with illegal debts, it is staggering to in- solvency. The earnings are falling away, trains being taken off, countay in- vaded by rival lines, rates of fare and froight falling. Competing with roads having one third the debt, the Union Pacific has seen its best days. Robbed of its blood, Mr, Gould now seems read; at last to throw aside the wreck, provid- ed he can escape the penalties aflixed by law to this wreckage. The stocks and bonds have been largely disposed of to other holders; they must suffer from the shrinkage whicb 7 : reduced the stock to & third of its for value. And through all this riot the governm with law on its side, has been put off and scorned by retexts so flimsy that they must have geeu understood, ¥ 111, This is the history, briefly told, of the last year's sequel to the previous man- agement of the government's great in. terest in Union Pacific. Space has suf- ficed only to glance at what has actually boen done, The strange actions of cer- tain men in public life in connection . | therewith will make even more suggest- ive reading when the story is written. e L I do not lika thee, Dr. Fell, The reason why,I cannot tell.” It has often been wondered ai, the bad odor this oft-quoted Goctor was in. 'T'was probably because he, being one of the old-school doctors, made up pills as large as bullets, which nothing but an ostrich could bolt without nausea. Hence the dislike. Dr. R. V. Pierce's *‘Ploasant Purgative Pellets,” are sugar- coated aud no larger than bird-shot, and are quick to do their work. For all de- rangements of the liver, bowels and stomach they are specific, Wed&Sat EDHOLM & ERICKSON, WHOLESALE AND RETAI. JEWELERS Jewelry of & designs made to order. Large stock of Diamonds and Fine Gold Jewelry. AGENTS FOR GORHAM MANUFACT'NG CO'S STERLING SILVERWARE LARGE STCCK OF Howard Waltham, Elgin, Lancaster and Columhus Watches SOLE AGENTS FOR THE CELEBRATED A. SCHNEIDER WATCH, DRESDEN., Cor. 15th and Dode . opposite Postoflice. G, MBATSIOESy | CARRIAGEFACTORY THE LEADING 1409 and 1411 Dodee St.. { Oatalogues tarnished on Applicati n. Omaha Ne RUEMPING, BOLTE & COMPANY, ~MANUFACTURERS OF— ORNAMENTAL GALVANIZED [RON CORNICES, Dormer Windows, Finials, Window Cape, Iron Crestinzs, Metalll Sky-lights, &. Tin, Iron atw, S10 Bouth 191h Seroct, Oraaha, Nebrasi, 0 712 1Fon and Slate Roo Dr. CONNAUGHTON, 403 BRADY ST., DAVENPORT, IOWA, U. §. A, Established 1878—Catarr ) Deafness, Lung and Nervous Diseases Speedily and Yermanently Cured. Patient: Cured at }loma. Write for *“Tre MEDICAL-MISSIONARY,” for the People. Oonsultation and Correspondence @ratis, P. 0. Box 252, Telephone No. 26. HON. EDWARD RUSSELL, Postmaster, Davenport, says: * Phyaician of] ren Abliity ana Marked Success.” CONGRESSMAN MU{.PH‘I. Davenport, ~ritea: ‘*An rionorable Man, Fine Success, Wonderful Curos.”— Hours & to b, HALLET DAVIS AND CO'S PIANOS [ENDORSED BY FRANZ LISZT.] EMEIRSON PIARNOS. BOSTON, March lst, 1831, N PIANO 0O —GRyTusMEN—Your Instramsnts, Grand, Squarc and Upright, aro realiy noble and uarivaisl e boauty of tono and faish. Allow mo'to congratulate vou on your sterling progr GUSTAVE SATTER, EINMNIBAT.L. ORGL.AN RECOMMENDS ITSELF. -A__ EOSPE SOLE AGENT, =1619 Dodge Street, Omaha, Neb RICHARDS & CLARKE, Proprietors. l E W. A. CLARKE, Superinaudent Omaha Iron Works U. P. RAILWAY, - - 17TH & 18TH STREE1® MANUFACTURERS CF AND DEALERS [N Stoam Engines, Boi WATER WHEELS. ROLLER MILL Mill and Grain Elevator Machinerv MILL FURNISHINGS OF ALL KINDS, INCLUDING THE Celebrated Anch B i ETEAM POMPE sTtan: WATILOnD Gromiag Oloth BRASS GOODS AND PIPE FITTINGS ARCHITECTURAL AND BRIDGE IRON, "TIIR ¥2TIOY TTICO We are prepnrm! to furnish plans and estimates, and will contract for L}m erection of Flouring Mills and Grain Elevators, or for changing Hm}rnn‘z Mills, from Ston to the Roller System, 35~ Kspecial attention given to furnishing Powder Placts for any pur- pose, and estima)cs made for some General machinery repairs attended promptly. Aadress RICHALD & CLARKE, Oxaha, Neb

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