Democratic Sentinel, Volume 17, Number 43, Rensselaer, Jasper County, 10 November 1893 — The Union Pacific Railway. [ARTICLE]

The Union Pacific Railway.

The financial condition of the Union Pacific Railway Company as revealed in the appointment of receivers for its property brings sharply to the public attention once more tne question of dealing with the sultsidy bonds granted to the company by the Government. These are United States bonds, but the company was plodged to their payment, principal and interest. The amount granted to the roads in the Uniori Pacific system exceeds $33,500,000, and thoy all fall due in the next six years. 'Not only has the company made no provision for the redemption o' the bonds at maturity, but it has fallen in arrears in the payment of interest to the extent of nearTy’olß,ooo,000, makiqg the total obligation over $51,000,000. These bonds constitute a lien on the property of the company, but it is subsequent "to tha first mortgage, which secures its own enormous funded debt. The provisions of law requiring certain payment t to be made on account of the subsidy have proved wholly inadequate to keep up with the interest on the bonds, wnich the Government has to pay, and every effort herelofore made in behalf of refunding and extending the obligations has failed. The question of what is to bo done will have to engage the attention of Congress again when It finds itself in a position to resume the functions of legislation.—New York Times. The principal causes of sick headache, biliousness and cold chills are found in the stomach and liver. Cured bylieecham's PlUa. Mary Stuart had a lap dog that followed 'her to the scaffold and soon after died of grief. Incurable injuries are the wounds made by a friend.