The Pacific Railroads And the Government

Cover The Pacific Railroads And the Government
The Pacific Railroads And the Government
Henry Taylor Blake
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Their process of reasoning is interest- ing and significant. The first consideration they advance is that the companies are able to pa}' more to the Government annually than their charter requires and the Committee add, " we think their net earnings will not be less in the future. " This point disposed of they next inquire whether Congress has the legal right to alter the terms of the contract, the companies 1878. ] The Pacific Railroads and the Government. 653 having fulfilled its obligations ...on their part. Here the act of 1862 first engages their attention as reserving to Congress no right to alter, amend, or repeal the charter, except " in order to promote the construction of the railroad and telegraph line, and keeping the same in working order, and to secure to the Govern- ment at all times, but particularly in time of war, the use and benefits of the same for postal, military and other purposes. " The reply of the Committee to this, is, at least, ingenious. They say, " were this limited interpretation placed on the reservation, it would not in the opinion of your Committee defeat the bill they report.

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