Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1850-1859, 1853-02-11
KR11SBuR6 gnBONlIl3
FRIDAY. FEBRUARY II, 1858.
Sunburv & Erie Railroad.

The following are the proceedings OF the
city Councils of Philadelphia authorizing
corporate subscription to the Sudbury 4
Erie Railroad. We copy from the Ne"s
and North IMerican.
SELECT COUNCIL, Feb. 3.-Mr. Smith
called up for consideration the foiio"inS
ordinance " to authorize subscription on
the part Of the City, to the capital stock
Of the Sunbury and Erie Railroad Compa-
ny"
Section l. Be it ordained aud enacted
by the Citizens of Philadelphia, in Select
and Common Councils assembled, That the
Mayor of the City be, and =. hereby au'
thorized to subscribe in the name OF the
Mayor, Aldermen, and Citizens Of Phia-
delphia, for ten thousand shares in the cap
ital stock OF the Sudbury and Erie Rairoad
Company, whenever like number ot
shares, excepting all subscriptions now
already made, shall have been subscribed,
in conformity with the provisions OF the
charter @: said Railroad Company and ID
like manner for an additional ten thousand
shares when an additional ten thousand
shares shall have been subscribed as atore-
said by others.
Mr. Perkins moved to amend by insert
ing the following, between "subscrlbed
and the words sin conformity" " No
portion of which shall be obtained from
any of the counties or boroughs winch
have already made subscriptions" On
the question of the amendment 1t was
agreed to. On the question of the passage
Of the ordinance, as amended the yeas and
nays were required, which were as follows
Yeas-Messrs. Cattell, puffee, Hutch
inson, Perkius, Smith, Thomas, Waterman
and Wetherill, Presidents.
Nays-Messrs. Hagart, Lancaster and
Kast-3.
So the ordinance was passed.
COMMON COUNCIL, same day.-The or
dinancc from Select Council, authorizing
the subscription on the part Of the city t.
she Sunbury and Erie Railroad, comm.
ND in this chamber, Mr.. Randall oftere'
the following proviso:
Provided, that the said subscription shall
be made upon tho express condition tha
the said Com pany shall obtain such legis
lation as will enable the Select and Com
mon Councils of the city of Philadelphia
90 vote in the same manner as other stock
FOLDERS, at all elections for Directors.
MIR. Randall earnestly aud warmly sup
ported his amendment
Mr.. Ozue urged the adoption OF tn
proviso.
Mr.. Diehl advocated the passage Of tb
bill without the proviso; which he consid
cred calculated to embarrass it.
Mr.. Randall still advocated his amend
nent. =
..lAes .ai;.;; .ai.;>, ii1kod,u' 'hou Tcte 1en II, n
cause he thought it would tend to en-
barrass the original bill.
Mr.. Walborn made an energetic speec
IN opposition to the amendment, and advc
Gated the passage Of the ordinance as |
stood.
Mr.. Randall here withdrew the provisC
having been assured by Mr.. Griscom tha
he was authorized by the President Of til
Sudbury and Erie Railroad to say that tn
necessary legislation would be asked for t
meet the object Of the amendment.
Mr. Hinman proposed to amend by pre-
viding that the subscription shall be mad
by transfer of the bonds Of Pennsyivani
Railroad Company. After some debate
the question was taken, and the amend
ment was lost by vote Of yeas > nay
II.
The question then recurring on the frs
section Of the ordinance, Mr.. Grlscoi
made speech III favor of the measure.
Mr.. Ofne moved an additional section
providing for an appropriation OF onc-ha
of one per cent. of the income from IL
subscription, quarterly to the sinking fun'
This amendment was not agreed to.
The final question was then taken o
the resolution, and the vote stood as 70
lows: Yeas-Messrs. Abbey, Diehl, lrvir
Griscom, Hanscll, Porter, Pohl, Randall
Thornley,, Walborn and Snowden, Pres
dent-ll. Nays-Mcssrs. Copeland, Hi
man, Orne, Poulson and Wickershsm-'
Mr.. Hinman expressed himself favor
bic to the subscription, but voted again
it because opposed to the manner in whle
it was made.
1t will be seen from these proceedin:
that although Philadelphia has at last b
gun to rub her eyes open, she has not,
was represented, actually subscribed s.
100000 to the S & +. Co, and even 10
has, with extreme prudence, hedge
in her delegated authority tc subscrli
with carefully worded restrictions th'
would seem to Indicate lurking doubt Z
the enterprise itself, or, what is more l'S
ly, its management hitherto. Phi'ade
phia should have built this road ten yea'
ago, and the only wonder to the people
the interior is that she should have folde
her hands SO long, instead Of acting
the matter with energy and sagacious III
erality. The prospects now are fairer sha
ever before, but as it will take ten
twelve millions to finish the road aud
will not be a paying concern until compile
ted and in possession Of the through trade
its early completion, even with the pre-
posed 81, ,OOO, 900, will still be a matter G