"The Union Pacific and Central Pacific railroad companies had received large loans from the U.S. government to build the First Transcontinental Railroad—on gentle terms, but Collis P. Huntington persuaded a friendly member of Congress to introduce a bill excusing the companies from repaying the money, amounting to $130 million (nearly $3 billion in 2007 money).
In January 1896 Hearst dispatched Bierce to Washington, D.C. to foil this attempt. The essence of the plot was secrecy; the railroads' advocates hoped to get the bill through Congress without any public notice or hearings. When the angered Huntington confronted Bierce on the steps of the Capitol and told Bierce to name his price, Bierce's answer ended up in newspapers nationwide: "My price is one hundred thirty million dollars. If, when you are ready to pay, I happen to be out of town, you may hand it over to my friend, the Treasurer of the United States".[6] Bierce's coverage and diatribes on the subject aroused such public wrath that the bill was defeated. Bierce returned to California in November." Wikipedia article
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