Autobiography of Seventy Years, Vol. 1-2Hoar, George Frisbie
History
Autobiography of Seventy Years, Vol. 1-2
Hoar, George Frisbie
United States -- History -- 1865-1921; United States -- Politics and government -- 1865-1900
I stood third on the Committee on which I was a member. It
was thought best that Mr. Wilson, the Chairman, who was a
very able and distinguished lawyer, should go to Boston where
the books of the Companies were kept, and make a searching
examination of their books and accounts. Mr. Shellabarger
of Ohio, the second member on the Committee, one of the ablest
lawyers in the House, was in poor health. He consented to
serve only on the condition that he should not be compelled
to do any duty requiring any considerable labor. So I had
to a large degree the charge of the investigation in Washington,
where the witnesses were examined, and in the end the duty
of preparing the report.
We did not deal in our report with the alleged misconduct
of the individual members of the House, but solely with the
two corporations. The report sets forth the transaction at
length, and contains the following summary of the Committee's
conclusions:
The purpose of the whole act was expressly declared to be
"to promote the public interest and welfare by the construction
of said railroad and telegraph line, and keeping the same
in working order, and to secure the Government at all times,
but particularly in time of war, the use and benefit of the
same for postal, military, and other purposes."
Your committee cannot doubt that it was the purpose of Congress
in all this to provide for something more than a mere gift
of so much land, and a loan of so many bonds on the one side,
and the construction and equipment of so many miles of railroad
and telegraph on the other.
The United States was not a mere creditor, loaning a sum of
money upon a mortgage. The railroad corporation was not a
mere contractor, bound to furnish a specified structure and
nothing more. The law created a body politic and corporate,
bound, as a trustee, so to manage this great public franchise
and endowment that not only the security for the great debts
due the United States should not be impaired, but so that
there should be ample resources to perform its great public
duties in time of commercial disaster and in time of war.
Public-domain text, read in full here on John Shaqi.
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