Chapters on the History of the Southern PacificDaggett, Stuart
History
Chapters on the History of the Southern Pacific
Daggett, Stuart
Pacific railroads -- History; Railroads -- California -- History; Southern Pacific Company
though still less than the 6 per cent carried by the subsidy bonds
themselves.[538]
Passage of Bill
The Thurman bill was carefully considered by the Senate before its
enactment, and may fairly be said to embody the best judgment of
Congress at the time of its enactment. The final vote in the Senate was
taken on April 9, 1879. Forty Senators voted for the bill, and twenty
against it.[539] If paired votes for and against the act be included,
the vote was forty-four to twenty-six. Twenty-seven Democrats voted for
the bill, and six against it. Yet in spite of this strong Democratic
party support and the opposition of Senators Blaine and Conkling,
nearly as many Republicans went on record for the bill as voted or were
paired against it. In the House there were but two votes against the
bill compared with 243 in favor of it.[540]
In neither house was there marked party or sectional division.
Doubtless the passage of the act was made easier by the general
unpopularity of railroad enterprise in 1878, although adequate reasons
for additional legislation undoubtedly existed. It was the period of
the aftermath of the panic of 1873—the epoch of Granger legislation
and railroad control bills, of revelations regarding rebates and
construction frauds. Sentiment ran strongly against great railroad
corporations. Railroads still had stalwart supporters, but it is
putting it mildly to say that the presumption in doubtful cases was
against them.
Feeling of Railroad Men
There is plenty of evidence, nevertheless, that railroad men felt very
bitter that the Thurman bill should ever have been passed. Stanford
declared that no act so destructive to private right had ever before
been attempted in this country, and that only two examples of such
atrocity could be found in English history; one being the suppression
of the order of Templars in the time of Edward the Second, and the
other, the suppression of the religious houses in the time of Henry
the Eighth. Undoubtedly, also, the railroads were active in Congress
in the attempt to prevent the passage of the Thurman Act. The
reader’s attention has already been directed in a previous chapter
to correspondence relating to the Thurman bill which passed between
Huntington and Colton in 1877 and 1878. It will be recalled that in
January, 1878, Huntington wrote that matters did not look well at
Washington. He thought, however, that the railroad would not be much
hurt, although “the boys are very hungry, and it will cost considerably
to be saved.” Some time before this, in May, 1877, Huntington wrote:
We must have friends in Congress from the West Coast, as it is very
important. I think that we can kill the open highway, and get a fair
sinking fund bill by which we can get time beyond the maturity of the
bonds that the Government loaned us, to pay the indebtedness.[541]
Again, in November, Huntington said:
Public-domain text, read in full here on John Shaqi.
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