People's Pilot, Volume 6, Number 37, Rensselaer, Jasper County, 4 March 1897 — UNION PACIFIC SCHEME. [ARTICLE]

UNION PACIFIC SCHEME.

There Is a Dead African in the Syndicate Woodpile. Congressman Hubbard, of Missouri, one of the members of the Pacific Railroads committee, thinks he smells a large-size mouse in the syndicate plan of disposing of the Union Pacific Railroad matter. “The whole purpose of the appointment of the reorganization committee,” said Mr. Hubbard, “is to put the Union Pacific in the possession of the Chicago & Northwestern. These other railroads having terminals in the west appreciate this fact and are alive to their own interests. That accounts for their desire to get control through the organization of a combination. With rival roads competing for the property, the government is in a most advantageous position, and I for one am opposed to its forfeiting the slightest part of it. There is no occasion for haste. The Union Pacific is now being run by government receivers and is paying well. “In this connection it may be well to say that if in the progress of the negotiations for the settlement of the debt it should bo deemed advisable for the government to acquire a perfect title to the roads, that there would be no more occasion for the hue and cry against government ownership than there is now. The road has practically been in the hands of the government

for years, and the heavens have not fallen nor has the republic disintegrated.” Mr. Hubbard Is in a position to know whereof he speaks. He says “the road has practically been in the hands of the government for three years,” and that it is paying well. We insist that the understanding that the Morgan syndicate has with Cleveland bodes no good for the government. The public has not forgotten the bond deal for the $62,000,000 bonds between those two worthies by which the syndicate cleared about $10,000,000 and the government was loser for the same amount. These deals are altogether too one sided for the good of the government, and it would be much cheaper for the people for Cleveland to go fishing and stay there, and permit congress to deal with the railroad brigands. Little enough may be expected from that body, but when we send our grist to the Cleve-land-Morgan mill we do well to get the sack back.