It is quite time that the troublesome complications surrounding this entire subject, which has been transmitted to us as a legacy from former days, should be adjusted and settled.
No one, I think, expects that these railroad companies will be able to pay their immense indebtedness to the Government at its maturity.
Any proceeding or arrangement that would result now, or at any other time, in putting these roads, or any portion of them, in the possession and control of the Government is, in my opinion, to be rejected, certainly as long as there is the least chance for indemnification through any other means.
I suppose we are hardly justified in indulging the irritation and indignation naturally arising from a contemplation of malfeasance to such an extent as to lead to the useless destruction of these roads or loss of the advances made by the Government. I believe that our efforts should be in a more practical direction, and should tend, with no condonation of wrongdoing, to the collection by the Government, on behalf of the people, of the public money now in jeopardy.
While the plan presented by a majority of the commission appears to be well devised and gives at least partial promise of the results sought, the fact will not escape attention that its success depends upon its acceptance by the companies and their ability to perform its conditions after acceptance. It is exceedingly important that any adjustment now made should be final and effective. These considerations suggest the possibility that the remedy proposed in the majority report might well be applied to a part only of these aided railroad companies.
The settlement and determination of the questions involved are peculiarly within the province of the Congress. The subject has been made quite a familiar one by Congressional discussion. This is now supplemented in a valuable manner by the facts presented in the reports herewith submitted.
The public interest urges prompt and efficient action.
GROVER CLEVELAND.
EXECUTIVE MANSION, January 23, 1888.
To the Senate and House of Representatives:
I transmit herewith the first report of the board of control created by the act of Congress approved August 4, 1886 (24 U.S. Statutes at Large, p. 252), for the management of an industrial home in the Territory of Utah, containing a statement of the action of the board in establishing the home and an account of expenditures from the appropriation made for that purpose in the act above mentioned.
GROVER CLEVELAND.
EXECUTIVE MANSION, Washington, January 30, 1888.
To the Senate:
I transmit herewith, in response to the resolution of the Senate of the 21st of December last, a report from the Secretary of State, in relation to Midway Island.
GROVER CLEVELAND.
EXECUTIVE MANSION, Washington, February 7, 1888.