The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-19

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sails made in compliance with public notice and
security such Sids nTSp:;as shall sSt
se anS sss % r a In the
them desire to be present.
ssamia.d 'naa and a
GsHd Ss by % BY There
the nd and the chief ocsr thereof shall
settle all accounts in which the corporation
1 debtor to ., s It shall keep Of each claim
each and certify the same to the Comptroller The Comp
days Of each claim presented and he decision y
hs Asdsr the same together with the action of the
Sec ]: The election f.s oh.,.e, officers shall held
sh. be chosen and the ohcsrs who shall bs
See IS nj shall
eight hundred and y three which the Common
Council shall also at least
third This There also By Chosen Or at IN
election al charter officers of said city herein
Tho terms Of oec Of the present Mayor Recorder
heads Of departments hereby extended
day IN May next the expiration Of the term for
See TO- All such parts Of the charter Of the city Of New
same or in affecting the ineonss
tent with this act are hereby repealed but much and
repealed altered modified form af
fected thereby but shall continue and remain full force
and virtue.
Sec le The ticket which shall be pooa at such election
the charter Against amendments to the charter and
% tie ser St@s s 70
charter this act shall bscomea law and the ocors
hsSy Of ,Ss Nay majority q
this act and the election then held shall be void.
See T. In this aot shall be approved majority
shs esss Monday sss@s 'r
seventh section of this act shall expire the said
Sec. il. This act shall take effect Immediately
Mr.. SMITH announced that he would hereafter intro
duce another bill in regard to the purity Of elections
referre6to the New York delegation.
ANOTHER PROPOSED AMENDMENT CITY CHARTER.
request Of the delegation from the New York reform
meeting, amending the city charter, which, his
tion, was referred to the New York delegation Also
bill 10 divide the Seventeenth ward Of New York.
NEW YORK AND MONTGOMERY COMPANY.
Mr. INGALLS, moved that the Judiciary Committee report
the bill complete to charter the New York and Mont.
gomery Mining Company.
LIFE AND HEALTH INSURANCE COMPANIES
Mr. SMITH moved that the bill to incorporate life and
health insurance companies be made the special order
for Monday next. Carried
Mr. JACKSON, dem.) of Chemung called for the special
order, being
THE RAILROAD CONSOLIDATION BILL
Mr. 0sGooD, dem of Rensselaer, moved that this order
Of business be laid the table to take up Mr. B. Tay
ors olutions respecting the Presidents inaugural ad
Mr. HASTINGS (wh'g) of Monroe, moved to postpone the
Mr.. BEcKwrH presented four remonsrances against
consolidation Messrs Wnans, BUSHNELL Burroughs, p.
W. Rose Litteiohn and Whitcomb presented other re-
monstrances Mr. Holley presented petition for con-
solidatien
Mr. INGALLS, moved to postpone the special order until
The House was then resolved into Cowmittee OF the
Whole Mr. W. Rose in the chair on the Railroad Con
Mr. HASTINGS moved to amend by confning the con-
soldation to the railroad companies between Albany
and Buffalo This measure, he said, was one Q!
the utmost importance, and when the people should
understand the purpose Of the bill they would repro
bate it, He regretted that time had not been given
to the consideration Of the matter. There were two
roads from the Hudson from Albany
the other from Troy. There also two roads from
the Hudson to Buffalo, with the exception of one link
These parallel roads to be joined in corporation
All other lines hereafter to be constructed may also be
united in this corporation. He amazed at
the audacy Of those who asked for the passage Of this
bill The seople look with jealousy the inuen of
corporstionthey have always done The legislation
OF the state has been designed to check as far
possible the tremendous influence Of interpretations. To
allow competition in all these matters Is the object of
that requrement-hat general apd not special laws shall
be enacted in regard to incorpora tiens-that they
may all be left open to competition in the case
OF all business done by individuals. But this bill
provides for q monopoly Of immense magnitude
ard powerful and dangerous a. it is large Let the
people understand its nature fully and they would
whelm with remonstIances against it. Let turn tc
the Niagara frontier There various tcrminatons tc
the roads the Niagara between Buffalo and Lewiston
The connect with all the railroad steamboat
Weste1n busnes So of the various examinations on the
Hudson. They can secure without the possibility Of d
version the entire travel ar reightage from the West
Thus they control tho entire business passing through
the State. Can any monopoly be more odous or dan
gerous9 They will have power TO control all business
century to come between the Niagara and tho Hudson
and will be able TO break down every attempt at compe
tition, The ability to make immense profits, which we
grant to them vii, be sufficient to crush all opposition
Mr. H. had heard stockholders in these roads boast of
this It il said TINT this will cheaper the cost Of travel
and the transportation of goods Mr. H. did not believe
them not only make dividends of 10 per cent but divide
stock among the owners, AMI even on this stock
the dividends are declared, and not solely on the
actual investment These companies highly prota
be and they have wish reduce their profits, but
by shutting out all competition, to increase them 1t is
now feared that the railroads have influence over
legislation already fearfully great; all feel It, There
need of this consoidaton-i Is not necessary for
continuous connection between Albany aad Buffalo, for
road do that He cntreated the House to
before granting this power.
Mr.. FORSYTH (demoerat) of Albany, said CONSOLE
and this would give the public low fares, and a
reduction of transporta ton. 1t gives the traveller
a continuous route from one point to an other-now
they troubled with ceaseless annOyances He will
have to deal with only one road. There would
also be double track from Albany Buffalo, and tho
public convenience would be greatly promoted by this 1t
is said vast monopoly will grow out of this He thought
not Any association of persons have right to make
continuous read and why shall it not be granted to these
companies' Railroads sprineng up In other States
for the business between the East and the West Shall
New York yield II to them2 If nat let give facilities
for diminishing the cost Of transportation through the
state All local prejudces should be thrown aside to
promote the public good
Mr. CIArP, (whig) Of Erie did not purpose to make
any extended remarks the subject Hs considered the
proposed matter Of public utility 1t required by
the public g0od He had gone for imposing tolls rail
roads this prBcple and she duty required him
to 90 for this bill
Mr. LnTryJouN, (whig) Of oswego said if there were
nov no railroad between Albany and Buffalo, and a
charter for should be applied for here, would any
member vote against tS No Then why refuse this cen
solidaton II is important to retaining the trade Of
the West that all facilities should be given to roads
to compete with other States The objection Of monopoly
would equally well have applied to each Of the roads
now In existence. Consolidation would reduce The ex
penses OF doing business and must necessarily benefit thu
people There Of railroad presidents hnc