tion for that which they asked the public to do for their relief. "It was proposed, therefore, tbat everything else should be conceded to them, and white no body desired to throw a straw in the way of the successful prosecution and final completion of (his great highway acroxs the continent, it was nevertheless thought by the com rail tee to b no more than a verv" reasonable thing to ak that i ney should expend a portion of their capital in the construction of two short portages wnich would enable other navigation companies to put i iion the Columbia river other steamboats for the purpose of establishing competing lines of transportation ciween i-oriianu ana toe uau of navigation. The reasonableness of this de mand whs conceded by the company, and the point In dispute was a to t he question of time, vl 1 they asked was that they should not be lim ited in point of time in respect to the construc tion of these two portages in such a way substan lially and materially to interfere with the pro gress of their work in the t elected place wcere It would be most profitable for them to push it. Momeof the commute-were for a shorter time, others were willing to grant a longer time. The times as now fixed in this reported bill were the limes fixed by the railroad company Itself. This is their proposition: this Is their offer: thl-4 is what they say they are willing and able to do, acid what they propose and consul to do as a consideration by them for that which they have asked from the public. "I understand the objection to tie that this is oppressive upon the company; tha. it Is a hard ship upon the company: that it limits them so In point of time as that they will not be able to OT.mnlT with the conditions. Who Is au'borized to sprtak for the company in that behaM? Who knows what the company is able to do? Who .an undertake to say that this is more than they win he able to perform? I suppose that, the President of the corporation and the Directors of ma (MruontllOD. llio.e who ure luimcnim iu lis Hicer and those who will be required tofurtish the means, ar netter n pa. ior tb uiau auvoueee It is a question for them to answer; It, is a question directly between Cougress and ..... iro irailon. It cert unlyJs immaterial in this discussion to say thit we neither kuow nor care what the ompany clioooe.or are willing, or lira able t' do. Tor the very poiui i i.ue oo wuun . .v.af tiim ii u. hinlsMu upon the company. If n. comimny says it is not a hardship, if it says .hot it nn undertake and will undertake and .... tit iio this th D certainly every coriM.le-at:on of public convenience and public policy not on ly aut not izes but require us to take It at it word, forth sooner that navigation is .. i tv-u uii.l rnen to coinoetition the b -tter It , ..V.r-v.rv .nin.wiiraaiauJ child throughout the whole continent, for It benefits the eutire n.. If It could be opened to-morrow, it ....... t. u. p-re nt ouM'c advantage. ..i mi. therefore, that we ought not la the interest of the company to make an objection whlci the company does uot make or lis owu, and that the arrangements which are contained o. ii, u bill and which were the result oi con r..rii.-e between the committee and the com nur.v. ought tint to be disturbed, inasmuch as in lira pellicular at least it is what the compauy jm4 offered aud agreed to do; and certainly we ought out of consideration to the public interest, ... Lac ihU thins- done in the speediest manner lu which we can reasonably and practically ob tain It." . -.,..'.. f And, fellow citizenB, it is a fact thut bo far r.f the nrincinal stockholders of the N. K. H. Co., are concerned, many of whom I know in the cities of Philadelphia, Pittsburg and other ulaces, aud I say it to their credit, wero in favor r. . . . . i J . K of sucn provisions & wuum upu " MONOPOLY OF THE COLUMBIA &IVKR, But the trouble is bete. There were certain man liters of the N. P. R. B. that were opposed to it I have no doubt of that, but the greatest opposi t;..n mine from the O. S. X. Co., and it is a fact L-,,,.n to me that when .ae or two of the friend nf the O. 5. X. Co., in 7 St Senate, arose in thei ..lMi-ea and asked for a louder time, for four or fire years, for the constructs of the road around the Cascades and the Dalles, that the President of the V P. It. It. Co., himself, Mr. Wright, objected utrenoiulv in the iobbv of the Senate, aud said that this proceeding was without his consent, that the company nan agreea to tne diu as reportea .n 1 that it was the (J. &. A. Co. which was male iikt this opposition, and I see a lare stockholde nAhe X. P. R. Co. in the audience now who knows that every one of these assertions ara trne, I refer to Mr. Montgomery. (Mr Montgomery arose in the audience and said, " What the Sena tor says is entirely true in that respect. I was present and heard it). Xot only so but the Ore guman said at first that it was the bill the com pany wanted, and that they had subjugated Mitchell; that I had been compelled to concede everything to them; but a few of the land-grabbers 1 don't refer to the stockholders generally of the company because I believe the great ma jority of them are honorable men, hut there are a few land grabbers, and they, in connection with the O. S. X. Co., are the ones who have been otwtnjctin? the bills. But it was heralded all over the State afterwards that this bill was not accept able to the company; that nobody was in favor of it but Mitchell; that Grover and Williams were both against it; that it was the defeat of all legislation on the subject. 1 have showu you that mv colleague MR. GR0VKK WAS NOT OPPOSED TO IT, By his having voted lor it. Now I will show that uiy colleague, Mr. Williams approved it after it had passed the Seuate, In the most unquali fied terms. Representative Williams made a speech in the House ot representatives. It was ala night ses-tion. and the bill was not up particular!-for discussion, but according to the rules of the House, they could discuss any measure they ple;ed,aud Mr. Williams and Judge Ja cobs, ot W. T., made speeches in which they as hented, as I said, in tbe most unqualified terms to the bill. That was the night of the day after the bill bad passed the Senate, and bad gone to the House ot Representatives aud was on their table. Now I want to show you what Mr. Wil liams said, and what he very properly said I think on that occasion Mr. Williams was speaking generally in favor of the House bill for she extension of time to the X. P. K. K. Co., and stnongotber things, he used the following lan Kiiiigo : "The Senate bill, which was this day laid on our table, contains, substantially, all of the pro visions ol the bill which I am now discussing with many Important additional provisions, in which I concur, and I doubt not they will, when the bill is reacned. be incorporated into the bid and will receive the assent of the com rnitiee and the House, as I understand they have of the company." Sow then the Oregon delegation although they were wide apart at first, came together on the bill, and it was fiualiy passed the Senate as I have shown you from the record with the apporval of all and as no man will ever deny. Xow. then . a few words on what the bill is as passed by the Senate Have you exumined it, do you citizens of Portland, property holders here, interested in the welfare aud prosperity of this city, understand it ? s nave you esamineu it r DO tne I PEOPLE OF EASTERN OREGON Who are lock-bound to-day, understand it. Do the people of this whole State under stand it? If they do what is there wrong about it, that is w hat I want to know. Will the Oregoniau to-morrow morning tell its readers what there is in that bill from end to ena that is not in the true interest of tbe peo Pie or this State, what there is in that bill . beginning to end that the X'orthern r-acinc Uiiiroad Co. has any right to take ex "epuou tor i hat there is In that bill from na to end that will tend to nmhurn. ih. vwinern raoiuc liailroad Co. in obtaining ..UQS WltU Which to bllil.I thoir rrarl Tr ves tneui an extension of tim for tan ars. 1 hat is rizht. I am In fvr nf it an iways nave oeen. And I am their friend to ..vuUuSu iuv ueen reviled by some ;i iu uieu connected with the company, pimply because I insisted on conditions in our interest. And 1 will during the re- "J l"a ngut their battles in 7... r "?.T, ",e . Unitl States I J t . uo " 1 k them jou imi you in opposition to the inter sta of tbe people of the State which la part tepreseut. I will suffer my right arm to leiaMmoa at lis socket bctore I will do that ju.u. ii. Kites tnem an extension of ten years M'bat else? Why, it says that within tionths of the passage of the Act they shall com tience work on the Columbia river, at or the mouth Of Snake river unrl knil.l f .- V - iwiir miles tch year thereafter ; and one hundred miles In all each vear. What else? Why it provides that they shall within two year from the pas sage of the Act. build on the line of their road, not off the line of their road, because the exten sion is down the Colombia river, on tbe south side to the city of Portland, and thence Puget Sound; it provides that they shall wltnin two year from the passage of the Act, construct and equip around the Cascades of the Columbia that portion of their road, not of some other com pany s road, in the same line as tne line oi tne P. R. R. itself, and a part of the line, and in two years and a half fiom the date of the pas sage of tbe bill that they shall CONSTRUCT AND KQUIP A BOA.D On their line around the Dalles of the Columbia It provides that after they shall have constructed these portage roads that they shall receive from all the boats or tne ooiumma nver uy wDomwer owned or run, all freight and passengers up and I down at reasonable rates and without unjust dis crimination. Is there anything wrong about thatf (Applause.) Will the people of the city of Port land or of the State of Oregon object to that ? Did vou ever consider for a moment the tribute that is being levied to-day upon the commerce oi the Pacific Xorthwest by the O. S. X. Co. ? I took the time and the pains last winter to exam ine the rates ot transportation on neany every water line ot this broad continent and to compare the charges on all those lines with the charges for transpoatrtiou on the Columbia river, and what is the conclusion ? Why, it is this that the O. S. N. Co. to-day charge on up river freight, from ten to twenty times owing to the character oi the ireignt, more for the transportation of freight on the Co lumbia river than is charged on any other water line of transportation on this continent. (Ap plause.) They have a good thing, I do not blame them for holding on to it. They came here at an early day and had the foresight to see in the dis tant future tne great adrantage tnat wouia result to them by taking advantage of those passes through the Cascade mountains. But the interest of the people demand a new order of things a free Columbia. And I want to say right here that I have no personal hostility to that company, nor to any member of that company, ana l wouia DO THEM A FAVOB As readllv as any one else In the city of Port land or the State of Oregon, provided that by do inpr them a favor I would not be actinic against what I conceived to be the true interests of the t ate of Oregon. (Annlause.) The O S. N. Co., have reason to know this, as wlthlnthe last year or so. as a gentleman representing the P.O. de partment, ana now on mis piauunu iiu, through my Influence in the P. O. department, I Hiiccheiieri in trettltie them thousands of doll ark rmm the Government, and why? because I be lieved they were entitled to it. They had been fined for not stopping at all the post olflces be tween here and Astoria, which was a phvsisal impossibility for them to do. without putting on mnrn hna-a. and thev were finid and their pay was keot bck amounting to thousands of dollars. and through an extra effort, secured payment to the O. S. N, Co., of thousands of dollars I forget the amount, 7. 8, 10 or. la. l aon't rememoer now how much, but several thousand dollars, and which they never would receive without my ef forts. I have o personal hostility to them, but I believed It my duty to the people of this Mtate, who, tbrougn tne ijeiristature, empiny uio s theie attorney at Washington, to do what I could to open up the Columbia river to free navigation, and. therefore, within two weeks after I took ray seat, in the senate, I took steps in the committee on Transportation Routes to the Seaboard, which resulted in getting liberal appropriations for the construction of locks around the Cascades of the Columbia. Now whatelse is there in the X. P. ti R bills. The next provision is that all the lands of the grant shall be SOLD TU ACTUAL SETTLERS At a maxiinam price of $2 50 per acre, and shall a sold in nuantities not exceeding 160 Now. the Oreironian found fault with that. Well, now let tne say on that question that any other kind of bill giving an extension of time to any company could not get, in my judgment, tea votes in cither branch of Con- greKg not ten votes. J nat proposition is not mine. It is not a new idea ot mine. I no not claim any credit for it, but that was the doctrine this Government laid down shortly after the X. P R. K. bill was passed, aud. as I said before, the sentiment is so chrystalized in Congress that T Hnn't believe anv considerable number of members of the House or the senate wouia vote for any land grant or extension of time, uuless it were provided that the company receiving it should sell their land at not more than 2 oO per acre, and I say it is right, and for one 1 will not vote for any bin wnicn nas not mat provis ion in it. Now, I must hurry along, i wouia like to talk four or five hours about this, but I cannot ; there are many charges agaiust me, ana I have to answer each of them. If I do not answer all the charges to-night which have been made, yon will find an article as long as vourarm in the Oregonian to-morrow morning, j . , , ... , t .... . saying Mitchell evauea tnis ami emueu mm , but IWi ll answer all ot them that I have time to, and if we cannot cet through to-night we will have a meeting to-morrow. (Laughter.) I will say. however, before 1 leave this matter, that I hope and believe tne oiu ior tne exten sion of time to the X. P. Ii. K. Co.. as it passed the Senate, will pass the House at the next ses sion. It may bo anemded in some particulars. I WOULD AMEND IT MYSELF In one paaticular If I had my way. There was an amendment put in In the Senate, on motion of Senator Eiyley, of Tennessee, about taxation of the lands, which I did not favor, because I thought it would tend to embarrass tne com pany. I want to oe iair huu uo iii wisu iu em barrass tbe company. I want them to have leg islation that will enable them to build this great national h ighwsy as a rival to the other roads whose attorney I have been maliciously and un lustly charged with beinsr. Now, fellow.cltlzens, t want vour attention for about twenty minutes on another matter, and I want it for the purpose of answering a criticism which has been made on m V actions on wnai are k uiw u uh inn x tiut It. it f unuing diiih. . i who. Kt iron ia n and bv other papers; some papers in the Ea.st. the . 1. HUU llr lusiuuto, uu ms delnhia Times, and pernaps in otner papers whose columns hve been, controlled by men who have been trying to put me down ; that my action on what are known as the Paelnc R. K. Funding Bills was in opposition to the true In- terests of the olnltnlAll VPS. Onvernment. andlt has been in- more than insinuated; it has been charged directly, but never sustained by a par ticle of proof, that my action iu reference to these bills was Influenced by Improper motives and unworthy considerations. Now, then, to any lunt. intelligent criticism maue oy uuj jiir, J . . . . i n I AM ..v. Ii H. .1 u rtAr ufi t f ..IhOP I IIM , liri'HIIIJllJ ji Ml', wuv. , - - - " - thin or anv other DUbtlc measure. there can. as a matterofcouMe.be no possible nhieciinn. and I rroDOse to meet all suchcriil- uma. all fair. Intelligent, honorable criticisms. in the sDirit in whlflh ihey are tendered. I pro pose that they shall receive my respectful con sideration and answer TO THE CHAKGE, HOWEVER, Fellow-citizens, that I, at any time since I have held a seat in the United States Senate, on tKat or anv other subiect. have been the attorney of the Union Pacific or the jCentral Pacific, or of any other company, or of any omcer. stocsnoiaer, octant, uttnmev or friend of any railroad company, or have acted in their interest; or for anv conside ration whatever, in any manner, I say here, to night, in the presence of God and of these wit nesses, that so far as that charge is concerned it is infamouslv and! unqualifiedly false, and not only so, but I assert here, to-night, that in o far as that charge has been made by any person wno nas re BidArl in tha citv of Portland for the last eighteen years, during which time I have resided here, that he knew it to be false when he made it. (Applause.) the. citv of Portland, however, and the people of the State of Oregon, have i perfect . . r . . . 1 . " T t.i.wn right to know my reasons ior tue posmou j. um taken and the votes I have cast on that or any nthor rmhlic measure since I have held a seat in the Senate; nor am I ashamed to come before the nola of the State of Oreson, en masse, ana look them in the face and irive them mv reasons for my conduct. Xow, in the first place, bear in mind, that so far from having opposed all bills providing for the fundinir of the Pacific railroad debts, the very reverse is true; because I have ever since I took my seat in the Senate favored a hill for that purpose. Xow, there are very few of the people, perhaps, VEET VKW LA.WYKR9 INDEED Iu the State of Oregon, who have giveu their at tention to this matter and understand it. This subject came before the Senate first prominently, about three years ago, and was referred by the Senate for investigation to the Railroad and Judi cary committees of that body. At that time, Sen ator Kelly, my colleague in the Senate, and myself were both members of lhe Senate Railroad com mittee. I was not then its chairman; these two bills, or rather this subject, because it came before the committee as a general subject for investiga tion; after receiving a most thorough investigation of weeks and months before these two committees. lteoue bm wasreported by the Judicary com- mit . a We orit o( tha, coonlit. . through Senator Thurman of Ohio. Another reported from the Railroad committee receiving ith one exception, 1 believe, 1 think, senator Hamilton, of Texas, a unanimous approval of every member ot that committee. iow men, who were the members of that committee at that time? They were West, of Lousiana; Cragin, of Xew Hampshire; Howe, of Wisconsin; Hamiltou, of Texas, Dawes, of Massachusetts; Ransom, of North Corolina; Eaton, of Connecticut; Kelly, of Oregon, and myself. So tbat the bill re ported from the Railroad committee two years ago, which iu principle was the identical bill supported by me at the last session of Congress, was reported and supported by every member of the Railroad committee two years ago, including Senator Kelly, of Oregon and myself. I have not time, of course, to go into the history of these two bills and show all their provisions and wherein they differed iu principle and detail. It would take a whole day to go over this subject. The Act of Congress of 1802, known as the Pacific Railroad Act." said in substance to tbe Union Ceutral P. R. R. Cos., you build a &AILHOA.D ACROSS TUB OONHNK.NT From the Missouri lliver to the Pacific Oceant the Government of the Uuited Suites, for tbe purpose of aiding you in that matter, will give you a land grant, and will issue its bonds for a certain amount per mile, bearing interest. The Government will take u first mortgage on the road to secure repayment at matmity of the bonds, principal anil interest, and the company shall pay to the Government auuually five por centum of the net earnings of the road after its completion, and the Government was to re tain all moneys arising from Government trans portation. Then the Act of 1864 came iu and changed the-original contract between the Gov ernment and these companies. Under the first Act, as I have said, the Government had taken a first mortgage on tbe road. The Act of 1864 changed this, and authorized the companies to issue their bonds ior an equal amount, some $$5,000,000, and give a first mortgage, the United States releasing the first and taking a Second mortgage ; and it also provided that, in stead of the Government retaining the whole of the moneys arising from Government trauspor tation it should only retain one-half that amount, and that live per cent, ot the net earnings t-heuld ba paid annually. 'I be Government has been pavim; tbe interest on these bonds semi annually, ever siuce, and an important dif ference between the Government and the com panies arose. The Government claimed that the railroads should refund to the United States this interest semi-annually, as paid by the Gov ernment The companies, on the other haud, took the position that under their contract with the United States they were not in law bound to renav anv part of the interest to the Govern ment until the principal of the bonds which ran thirty years had matured. There then was an important legal controversy, so that Congress oassed an Act in 1873 to enable the Courts to settle the question and decide what the contract was between the United States and tbe railroad companies. That Act was passed, authorizing an action to be brought in the Court of Claims The action was brought, and that Court decided unanimously that the cliiui of the Government was uot good, and could not be maintained An appeal was taken to the Supreme Court ol the United States, and what did the Supreme Court of the United States dor They also de cided wxanimously, so that it was not a partisan decision, not a decision of a maioritv of the Court(4mt they decided usaxihouslt that the is CLAIM OF THE GOVERNMENT Was not one which could be malntalnea in tuft, thev decided that the contract made be' tween the U.S. andthese railroad companies, un der the Acts of 1(W2 and lSt4. was such, that the nnmnitnles were not bound to refund to the Gov ernment ot tne u. any pan oi iuo iuibiohi, ui t he bonds, unt il tbe maturity ol the principal of the bonds. In other words, tne bupieme Court decided that neither the principal nor the lnierestof these bonds became dueor payable to the Government of the U. S. from the companies, until thirty (30) years had eiapsea arter tney imii hn ixHued. That, said the Supreme coun of the U. S. the highest judicial tribunal of the land was the contract, whet her it oe gooa or bad. that the Government of the U. H. made in 1864 with these companies. Now, the object ol the funding bill, wbati known as the Thurman Funalug Bill, was lo compel tuese rauroau com-nanies- without their consent, to set aside from their earnings and pay semi-annually Into the treasury of the U.S.. not 5 percent which the confact called for, as construed by the Supreme court, but 25 per cent, of their net earnings. That was the bill the Railroad co nmlitee two years aeo unanimously decided, with oneexceptiou, in a . . 1 1 lit V '. 1 . 1. . .l.m , n acting upon tne uiu wuicu hid cuiumnw Railroads reported to the Senate, tbat the prin ciple of the Thurman bill was unconstitutional and unwise, as did alnll minority of the Judi ciary c -mmlttee. Here, then, we had these two bills in tne wenaie oi iwu years bu-uuc irum iuc Railroad committee, authorizing the companies to pay Into the treasury ot the U. S. $1,500,000 each year, which they were willing to do, to be piaced at interest as a fuud witn which to meet this in debtedness when due. The other, Mr. Thurman's bill, which compelled tnem, witn ut tneir con sent, to change the contract, and pay into the treasury annually 25 per cent, of their earnings ou a debt not due for 25 yeart. These two ullls. n near, favor two years ago, were aiscussea at lengm, neiorw Senate, lor aays ana weens, iiieotiunmwao y equaly diviaea, nearly one-nan oeing in favor of MR. THURMAN S BILL, And nearly one half in favor of the bill reported by thecomrnittee on Railroads, and a ve;y few were not satisfied with either bill. Tbe result was, that after over three weeks discussion, neither of the bills became a law. Now in that discussion two years ato. as the records or the Senate will show, many oi tne ablest lawyers oi the Senate, both Republican and Democratic, took the position and advocated it for days, that the principle enunciated in the Thurman bill was unconstitutional, impolitic unjust and un wise and ought not to be and could not rightfully be adopted by the Government. I took that po sition aud I am not. ashamed or afraid ito avow it My colleague, Senator Kelly, took mat posi tion. We voted together on that ques'ion; if I am wrong he is wrong. As a matterof course we are both liable to be mistaken. But the subject aaln came before the Senate of the United States at the last session. Again it was referred to tne committee on Judiciary and the commute on Railroads. Again a thorough examination was had upon the whole subject. Again two bills wereieportedtothe Senate, one by Mr. Thur man, receiving tbe approbation of only a bare majority of the Judiciary committee and op posed by a full minority of that conwmittee and another reported by the committee on Railroads without a dissenting vote in the committee, al though I think three members of that commit tee did on the final vote, vote for the Thurman bill Now bear in mind, neither of these bills oa mine, neither was reported by me and I nvr introduced a bill on the subject. Senator Thurman, I say, reported one from tbe Judiciary committee, whilst Senator Matthews reported the other from the Rillroad committee. These bills reporied last session differed somewhat in detail from the bills of two years ajro. but not in n,inmni. ihn crffat overshadowing Question be ing whether Congress could constitution Hon ir a the contract between tbe United States and these companies without their consent, whether VESTED EIGHTS COULD BB DBSTLOYED By an act of Congress. Tbe bill of the Railroad Committee, preceding on the theory of a new contract, with the consent of both parties to that contract, provided for the payment into the treas uryj in semi-annual payments of 82,000,000, the companies being willing to do this, and if that is not sufficient to cancel the in 'ebtedness, when the bonds and interest become due, .then they were to have time on the balance, were to pay it in in stallments evry Bix months, all of which was to be secured by mortgage on all their property. The Thurman bill, requires the payment of twenty- i five per cent, of lhe net earnings annually, whether the companies consented or not. These bills, after discussion of soma weeks, at the last 'session resulted finally in the passage of the Thurman bill through the Senate, and it yassed the House without discussion or considera tion. Xaw, then, I desire to say this, because I will shirk no responsibility that I have taken, I opposed the Thurman bill, and I would do it again. (Applause). I would ao it witn all my power, aud why? Because I believed then, as I believe now, that it is not worth the paper it is written on. I believed then, and I believe now, in common with some of the ablest lawyers in f the land, whose names 1 will presently mention, that that bill con travenes the porvisions ot a solemn contract made between this Government and its citizens, and whether that contract was made between the Government and the lowliest on earth, or be tween the Government and the most powerful corporation ou earth, I believe that the good faith of the U. S. requires that it shall be faithfully ob served. Let me tell you, fellow citizens, whenever this nation shall assume the right or the power to break faith wifh its contractors, its creditors, or its debtors, whether they be citizens of this country or any nation under heaven whetherthat contract relates to railroads, or whether it relates to me currency of country, or to anything else, it strikes lrom its escutcheon, the PROUDEST BADGE OK OUH NATIONALITY, Then you strike a blow at the credit of the Re public that will cause her,- in long years to come, to fairly stagger with impotency before the nations of the world. Xow. allow me to call your atten tion for a moment to what one of the ablest Dem ocratic lawyers of the Senate said in regard to that bill: I refer to Ben Hill, of Georgia, and surely my Democratic friends will agree with me when I assert, that Men. Hill, of Georgia, what ever else may be said of him, stands to-day pre eminent as a lawyer ana as a mnsi. mu will question that he is one of the ablest constitu tional lawyers in the Senate of the U. S. to-day, and he is one of the ablest debaters in Congress to-dav he is furthermore, as I believe, aconscieu tious, just man in everything that pertains to his duties as a Legislator. What did he say about the Thurman Funding bill, which I have been ac cused of bad faith to the Government in oppos ing ? Here is what Mr. Hill said with reference to the bill nrtnrl bv Mr. Thurman, and whioh finallv bocama a law ? "Thus. sir. I have shown: First, that the bill reported from the Judicary committee, under the torm of alterinc the acts under aumority oi wnicn these mninrtt were made, does in fact seek to alter and change the contracts themselves, and without the consent of the parties to those con tracts. Seeond, That such legislative power can not be found in the theuf of trusts. That the power to interfere under that theory exists only in the courts, and that even the courts can exer cise such a power only alter a aetauit. l nira, That th reservations "to alter, amend, or re peal." contained in the Acts of 1862, and 1864, nnniv wrc intended to apply, and can only ' apply to the corporate existence, powers and franchises of the railroad companies or.it f-nnfirmcH bv those Acts. That the reservations were not needed or intended to give to Congress the power to alter or repeal the au thority to make the loans provided for in those Acts, and that no autnotuy can exisi m unicsa, inherentlv or hv reservation, to alter or rescind the contracts actually made under that authonty after that authority had been executed, after the contract had been made, and after the rights and liabilities of the parties to those contracts had be -rm. vested and fixed..' But again, in answer to a question from Sena. r.r Thurman Senator Hill said : 1 am argu inz upon tbe assumption that you are right, and yet I show that your oiu is uuwusuiunuui hut her K.mfttr Hill further. He said : tt Kill filed to foreclose a mortgage be fore the mortgagoris in default. Then, again it is a common law action of debt to collect i debt before it is due. It is a bill, I repeat, to make the acts of the debtors crimes, which acts th. rnn tract stinulated thev might do and which were offered them as inducements to make the contract. Sir, I afhrm that the Legislature ot F.ntrland in the time of James 1 never asserted a more absolute power. Here certain thing that these corporators might do were provided i f in ih charter vou stipulated that they might do them ; and now you come In by tnis hill nd nroDose to make it a crime 11 iuey u them Was such a monstrous power ever nean i . i of to be exercised by legislators ? Surely, if this be true, the legislative power oi mis uoay i indeed omnipotent. In plain langusge, I repeat urhat I iiav said: it is a bill to make a good . i . i . . i. lf.ill.iavu .... - . hunt agreement soieiv unu Mi. rirwernment anorehends it maae a Daa con tract by agreement, and after the chief induce ments to the Government to make the contract have been fully realized. It is a bill which can j ...Lnt In the courts of law, no huu u yj jiui.Mi.1."- . ....ii...r;t in M.e nowers of legislation, and sav it respectfully in my judgment, no Justifi ation in the forum of conscience. I coul auote similar opinions from numerous Senators M . T ,1- 1... .iiiiir.i to the same etteci, ana yet. j. iuu v.v iili over this State because, when exercisin? my rioht tr. indtreof mv responsibility to the peopi j tv. tmtrf and to ciinstrue the obligation of my oath. I opposed a bill that is thus branded bv the leadine Democratic lawyer of the Senate and others as one more monstrous than any that ever passed under the reign of James (Applause.) I could stand here and OTToTta; TftY THE HOUR. And quote from Democratic and Republican tawyers ou ..!.1.... I. I ,. nnt t IK tlllU. Anil A ill VOU then say to me that I hav acted iu bad faith towards this natiou or toward you, because I have opposed a bill tuat I religiously believed to bo unconstitutional, uju . .4.L...J ..... ,i,ar wt-re advocated and .iurn.lri hr audi Senators. Republican am i. ,i- T,a all attuui where I did lu On- nopition to the Thurman bill. Such men as Matthews, of Ohio: Allison, of Iowa; Uarnum of Connecticut; Biaine oi n.. r irL-.i.ui. liHiinia. of Maryland: baton. of Connecticut; Ferry, or Michigan; Bruce, of M ississippi i',.,.r ..t Klorida: Kandohih. ot Ne VJU1UUU, " ' ' ' " " , , l Jersey: Sarg.ut. of California; Saunder. of t)brasla: Fad dock, of Nebraska; Cameron, of Wisconsin; Teller, of Col .,n. I - I'hutln ot 'jlorarto: Liawes. ui jihw.u.-u. of Wisconsin: Hill, of Ueoricia aud Coukliii, of New York. .11 Cun.tnra nnnnu.il thA hi I lU&L 1 OU1HHJCU. You hemocrats I will you charge we wilh bad faith for takini the position I did ou a subject like thia. which I liav. f..ii..7 I tl.i.ik I nminnitoud it. aud iu r f,r..r to which I " endeavored to do my conscientious duty. Will you cbarge me with violation or mv public . . . ... ..nl 1 cm t. vnur fneuii trust, wneu vwo j . - - .- Senator Kelly, stood where I stood, acted as 1 acted and voted as I voted. . Now. Democrats, you have confidence, and Justly too. .v. ,.M..ii it-.-,iv nf Snator Kellv. aud yet, ne and .u,t,ur nn tl.ia imnnrtant subiectnot only so, you Democrats have confidence in the official integrity of, such eminent statesmen and lawyers as Uill, of Georgia; Karon, of Connecticut; Kanuolpn, oi --ew if Maryland: Gordon, of Georcia and Barnnm, of Connect icut ..... num.m. ho tl.M wav. beinE a leader vour party and Chairman for some years past of the Na tional Democratic committee, and yet every one of these ..i..n ,i.fiimi mil lnvran held the same view aud voted precisely as I did on this question. (Applause.) You Republicans bere to night, have conndence I believe in such Republican Senators and lawyers as Allison, Mat thews. Blaine, rerrv, uorsey, onioo. v'""' . "" '"' Saunders. Paddock. Cameron, of Wisconsin; Howe. Tller. Chaffe. Dawes, Oonkling and others, and ye every one of these Republican Senators OPPOSED THE THURMAN BILL, Every one of these men occupied the position that I did, and yet I am charged all over Oregon wherever you can get a paper which is mean enough to utter the contemptible slander that I am ih nttnmev of Jav Oould and Huntington. Now, fellow-citizens, that is all I have to say about that mattr I have done in reference to this matter, what T considered to be my duty. I have no re- trrtM in the case, whatever. Since I have been at Washington, fellow-citizens, it has been my am bition to try and do something, or to be instrumen tal in doing something that might promote the true interests of the people of Oregon, and ad vance the prosperity of this city, and of this State, and of the whole PacificJ northwest. I have tried hard. 1 have done my best, ana now, looking back over the field which I have traveled, through great tribulation, with foes in front, in the rear, and on either side; still, after looking over the whole ground, I say to-night, in the presence of God and of man, that I am unable to see wherein I could have labored to a better advantage, than by laboring just precisely as I have done. ( Prolonged applause). I have faith in Oregon. I think 1 see a great future in store for her. I have faith in the city of Portland as ajcomtaercial.aud metropol itan city. I think there is for her a gieat future. It is with mingled emotions of surprise and pride that I witness to-day, after an absence ot a year, the wonderful advancement ot tins young ana beautiful city, and the rapidly accumulating evi dence of her prosperity; her crowded wharves, her busy streets, her hundreds, of new buildings whose stately forms meet us on evrv side, her Increa-ine commer.-e her - grow. ine population, ner uumucss n ..-j, -.. point with prophetic beauty and wonder to her futur career of greatness and grandeur tel. un,.in.nr Pnrt and: lour city, " as she dos in -queenly ueamyou uiuuinw '- - . . . i i . ,- i. beautiful Willamette. n . u M . v... .... shores of th Adriatic inoHiY, wm nseinthemal-styor her power u i uriw uu tbe shackles of the tribute aat hirers of .snFran cli.co.wbo from our earliest inftney have been evvlns mall upon our commetce, uu standing erect in the MAJESTY OP TIER FBKEDOM And in tbe strength of ber individuality ana power, free from the tax of middle-men, Fbe must make her own contracts and do ber own business with the commercial marts i f Europe, Asia and tbe islands or tne sea. Ana o'ir rai.ate what or her; great in territory, rich in soil.lovely in climate, inexhaustible in resources with her huudredsof miles of sea-coast stretching along her golden borders, her cipaclous hroors, ner fertile valleys, her mighty fo ests, her pastoral ranges, her grand old mountains, her agricul tural, piscatorial, grazing and other elements of wealth, she stands to-aay, even in ner iniancy, peerless among the sisterhood of States in all hat relates to commercial, political uu wuiai prosperity and power. But yet. fallow citizens. here are clogs in tne pain way oi uer sunum- ment, and these must be removed by th ? Judic ious and proper excerclse of the legislative power of the Natlnal Government in ber behalf. Her rivers must be improved, she must nave ner breakwaters and her harbo s ot reluge on ner coast; her great river, the second on the conti nent, must tie cieanea irom inn ubhu oi u.v na tion to tbe sea. so that boats, competitive, can passnnd re-pass.carrying the proauce ot tuis ricn laud from the place of production to the place of sale. (Applause.) Not only this, her people on the frontier, by whose enterprise and Indus try the realm ot her civiiizatiou is being rapidly ana wiaeiy extennea acro;-s me lernie inv and rich plains of the great valley of the Col umbia must De anoraeu more certain, more uue- quate, more complete protection against, me mur ierous mutilating nana oi me reu iuhu iuuu hs ever been given brfore. If this is not done, then this Government had better, at once and forever, wioe out from its fundamental charter those provisions of its glorious preamble which declare tnat among the purposes of this Govern ment are those Ol securing aomestic tran quility," and providing for the common ae- iriuse. (Applause.) lue recent luuiau nu m through the settlements of Kastern Oregon and Idaho, by which so many of our cit.zeus per ished, so many homes are aesolated, s much oroDeri-v destroyed and whereny panic and con sternation were spread throughout ail our bor ders, is but another terrible reminder of the utter fallacy of tue JJemocratic pny in ou st ess in relation to the reduction of tbe army. If instead of haviug, as we had before these In dian raids, but about twenty -live hundred men all toid, scattered at the different posts west ot the Roclty mountains to PROTECT FROM INVASION AND MASSACRE All this vast fiontier, we had had, as we should have had, from 10,000 to 15,000 men properly distributed, then Indian wars and Indian raids would have been a thing of the past, and while this is so I have also become convinced, and I have studied this question with a great deal ol care, that so long as the present small reservation system is kept up, that not only tne interest 01 our people, but of the Indians themselves would be subserved by turning the whole control of the Indians over to Department of War. (Ap plause.) I believe, that if that were done, mere . . ' .... . i- r u: would be less money go into tne nanus 01 uiiev ing speculators. I believe, that the Indians them selves would in that event get more oeneru irom the appropriaaions made year bv year, by ton- 1 r. . .- .. . .1 11 I... U..U : nra. gress. 1 believe tnat iney woum uc imu m myiv complete subjection, and that better protection .. J . . 1 . I r . : if T would be artorded to people on me iiounci. h had my way about this whole question I will tell you what I would do: I would create four large Indian Reservations. I would have two of them west of the Summit of the Rocky mountains and two of them east of the summit of the Rocky mountains. I would have them located at points remote from the settlements. I would then en courage all the Indians on present reservations, who aie willing to work ana support inemseivcs, iu separate themselves from their tribal relations. I would give them lands in severalty and would issue patents to them. Then I would gajher all the Indians, paying them well for all their proper ty; in America, on, these rOLE RESERVATIONS, I would place over them a strong but a just civil government ; I would provide them with schools and teachers and preachers ; I would have them taught in the arts of civiUzttion and of peace ; 1 would place upon every one of these reservations a stroug military force, a force sufficient at all times aud under all cir cumstances to compel pece and to keep the Indians iu subjection ; I would hold the In dian in subjection to the law, and if he killed a man I would have him arrested, indicted and tried by the Civil Government, and if con victed, I would call it murder, and have him hung, instead of having him pampered and fed by the Government. And then I would throw open the many reservations scattered all over this western country to settlement by the citizeus of this country reservations which have stood and which are standing to day as obstacles in the pathway ot civilization aud the peace and prosperity of this whole country. Now, fellow-citizens, one more word or two and I have done. Tht election is over ; those who have desired to sie nie retired at th end ot my present term, have reason to be gratified. My friends who have desired t- see me con tinue in the place I hold, have reason to fl chagrined. In a few short months I shall be relieved from the great responsibilities which alwav rest upon one occupying the position which I now hold. Eie another month shall have passed away my successor will have been chosen. But one ambition now remains to m, and that is that my motives and my public acts during the term of my public services may not be misunderstood or misconstrued by the people of the State THAT HAS HONORED ME, And whose interests I have at all times assidionsly endeav ored, according to my best Judgnieut aud ability to faith fully guard and defend; at d. fellow citizens, if in the I shall Btandjustitied aud approveo iu the public es ud. stiuiar ...... r ...i.-u nmuti-r r..eomiiHllHe. 1 lie success ui my political opponents iu a party contest, in a closely contested State like the State of Oregon, and wherein my public acts certaiuly were uot directly at issue, 1 do liot accept nor construe as condemnation ot those pulillc acts Others mav, I do not: but it is rather to the calm, quiet. Impartial, unprejudiced tribunal of the w; ole peo ple of the whole Siate, Irrespective of party; when the smoke of battle shall have passed away, and the spirit of personal animosity, ol party rancor, shall have lorever l..st their bitterness iu that great, fathomless sea of the Pa; that I shall submit my record, as your public servant, ana with the verdict that may then be reiuleied, whether u. be for me, or against mo, I sUaU ba content.