Show I PACIFIC RAILWAYS 1 Minority Report Presented By the House Committee Washington Feb 26The members of the House Pacific Railway Committee Commit-tee who opposed the second bill for settling set-tling the debts of the Union and Central Cen-tral Pacific companies have presented t the House a minority report discussing discus-sing the defects of the bill from their point of view The report is signed by Representatives Snodgrass of Tennessee Wisconsin Tennes-see Harris of Kansasr and Cooper of The report says We call attention to the following fatal defects of the bill Whiloostens ibly providing for the payment of the principal of the subsidy bonds amountIng amount-Ing to 64623512 it really gives to the debtor companies an option which they may not accept and during which time the burden of the providing for the payment of all sums principal and Interest which may fall due is thrown upon the government Should the propositions positions of the bill be accepted by the debtor companies it will result In the transfer of the lien which the government gov-ernment holds as to the principal of the debt to parties whose interest will be entirely antagonistic to the entrely antagonistc government govern-ment in the final payment of the net interest advanced amounting to the sum of 75712429 which is by the terms of the bill expressly relegated to a third place as a security which will be in effect no security whatever I as there will be superior to the government gov-ernment claim the sum of 129247047 one half drawing five per cent and one half four per cent all of which will be managed as to destroy any possibility pos-sibility of ultimate payment of the government gov-ernment interest Other objections mentioned are that the sinking fund must be kept intact for twelve months and payment made by the government on the interest and principal of the bonds that fall due that companies may declare dividends before they have paid the debt to the United States a mention of the terminals is omitted in provisions for a new mortgage mort-gage that permission Is given for portions of the Union Pacific to be acquired by other corporations that all the companies are not required to comply with the provisions of the bill and finally that it amounts to an extension ex-tension to the companies of one year on their debts A bill designed to overcome these objections accompanies the report Rnlway Iegisidtlon Washington Feb 2S There seems to be little prospect of more attempts at Pacific railway legislation will be made in this Congress Supporters of the bill In the House went to the Senate to make a canvass of its chances and were told by Senator White of California that half a dozen senators had resolved to see to it that no legislation on the lines of the eiy bH should pass the Senate Western Association St Louis Feb 2Wheit Chairman Caldwell of the Western Trunk line passenger committee left hero last week ha was confident that there would ba no I more trouble getting the southwestern I lines to Jg the agreement Passenger Agebt Le Baurae of the Cotton Belt however changed the condition con-dition of affairs by announcing that his road would not become a party to the Western Trunk line passenger agreement agree-ment unless a committee be formed with headquarters in St Louis to take charge of the southwestern business and further that the chairmanship of such commutes I be given to L F Day chairman ot the I Southwestern Traffic association Rogers Denies St Louis Feb VicePresident L W Rodgers of the American Railway union who addressed the Trades Assem hly at FM19110 hal on Sunday says The published account of what was said at Walhalla hal did me an Injustice In alleging that I declared myself a revolu 1yself tionist and defied the courts I am before the courts now under indictment and I would not prejudice my cause by such a rash remark Further than this I am not and never was n revolutionist The word mine of Mr phelan were mistaken for The Atchison Cut Chicago Feb 26The Southern Pacific has called upon Chairman Caldwell of the Western Passenger TrunK Line committee com-mittee for a ruling regarding the action or me AtchIson road In reducIng the one way east from Los Angeles From the evidence submitted the chairman was compelled to declare that the action of the Atchison was not warranted by the facts as lie understands them The matter will he investigated further and will come up at the regular meeting of the committee which Is t be held tomorrou When tile Atchison gave notice to the Southern Pacific of its intention to reduce its rates out of Los Angeles It announced that the cut wa to be made to meet the compe tition of outside lines because as the notice read wo assume that all the ment committee lines are observing the agree The chairman decided that the Atchison had submitted no direct evidence that the rate was being cut bY anybody The chances are that when the present trouble is sifted t the bottom it will be round that it is only a phase of the old trouble between the Southern Pacific and the Atchison Another matter which has given rise to grave fears of a general demoralization demoraliza-tion in transcontinental rates has been adjusted to the great relief of the we tern t-ern lines Tickets Issued by the Southern Pacific reading vin Kansas City to Omaha thence to Chicago o have been cut of late That portion of the ticket between be-tween Kansas City and Omaha was a succulent thing for the scalpers and they were gathering in large numbers of the tlcjtels and demoralizing the rates east and west from Kansas City The Union Pacific raised a strong protest and the the Southern Pacific agreed to take the tickets off the market The Union Pacific would have made reprisals if the matter had continued for a few days longer RnUWJ otcs The inauguration of the San Joaquln I Valley road has given a tremendous impetus i im-petus to the Salt Lake and Los Angeles project The railways have made a rate of one fare for the round trip from ail points in convention Utah to Salt Lake for the constitutional conyenton The Rio Granda Western railway Immigration Im-migration department has made arrangements arrange-ments with J S Garrison of Salt LaKe city to go into eastern Kansas to work up a big colony for Uth A large number num-ber of letters received convince the RIo Grande Western railway that now is the time to do active energetic work and success suc-cess will follow There may be a change in the depot arrangements ar-rangements of the Sat Lake c Los Angeles An-geles this year The Saltair people are willing to continue their arrangements with the Rio Grande Western provided the terms are a little more favorable than last year and negotiations are now pending Should they fall through an arrangement ar-rangement may be made with the Union Pacific or the Salt Lake Los Angeles Pacifc may open up its own terminal facilities |