The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-03
Our Harrisburg CorrsspI
HARRIsBUR0d

Of Pennsylcanta-SnLs of the
Otrnsd BY the State, &c.
One Of the most important measure
| was introduced into the House Of
this morning by Mr.. VIM. A. Cook
land county, one Of the democratic
the district composed o. Fayette and
counties As this promises TO be the
all the friends Of the tale Of the public WI
unite give it to you enore:-
| AN ACT TO ApTaoRIzs THE BALE or TIL
| WORKS AND TO REDUCE raK STATE Dial
Be .naot1 &c, That IRON and after toe pssssgs
this act the Com mssionsrs o. 'hs sinking Fuue In
shall be- and they hereby Authorized 10 recsive pr
p.eals for the sails Of the whole any portion OF
public works Of the Commonwealth Of P~nnsylvAni'
whether tho be raroS ds canals branshcs Thereof
/ or any other species OF internal i'm provenenu
| sec 2. The raid Commissioners II the Sinking Fun
shall cause to bs published as ofnn IS they ~. deer
adyiss BILE in ewspapers In Harrisburg Pniixd- 2his
anS Pittsburs, 10 this Commonwealth In Warrington
| D C Baltimore Ne York, Boston, Lon don, Paris 80
the stats d psrimsnt At Harrsb uati IL clos,
oon TIE third day Of October nsst for tie sale
The whole Of the public works nov belonging to the sat
OF u such poi tons OF &c works ~ nay
BE- desired for which State stock will DO received II
par 10 pay ment as cash
SEQ 8 The said proposals shall be sealed up AID d!
rec,ed to the Secretary Of Ste Ut Harris burg and nSl
state particularly the work proposed to bs the
amount .nered md the terms Of payment proposed IS
herein after specified.
SO 4 That he purchase money to b. paid for said
works such portions Of them may be sold nah ~
the option Of the pnrensse DO paid in either Of th' b
Twenty per cent thereof shall bs payable ias.h
within four months after the party making the sPpl
ion shall have received notice o. the acceptance the
BID, and the balance shall be payable In ten anua
nsiAments which shall bear In terest ~ the rate II i've
per cent from the date Of the u the bic
second-Ten per cent thereof shal BE- payable cash
with in four months Altar the party making the popssa
shall have received notice Of the acceptance Of ts
and Tho balance shall be PAPA IN seny equal annual
ehts which shall int est ~ tn rAte) seven
Der cent the date OF the acceptance Of the bid The
ssid instaments shall be secuted by bonds and mort
CAGES, ~ hsrer after prov dad for.
Sec g. II the beet bid offered for the whole portion
of the publ works shall bs an amount sulcsnt 81 an n
.erest Of pc, cent Income squ. to four
ton Of fa public works then said proposal proposals
sbsl be accepted and the party or paths making such
o-r shah be At once notified Of the acceptance OF such
bid provided, hoeever, that such bid Ia only TO-
portion ~ Aoy continuous sob, the Canal Commission
err, joriy of Them, shall first certify In writing to
the Of tho king Fun tina. in th,ir
opinion the ssle Of such portion ~i not interfere with
the eotn working Of the remaining portion OF the sad
worss, OF With its produotvene's TO tts st'ie
Seq Should the amount offered rot be SUI
feiept to yield an income equal 10 four per cent
uton the est OF coIstruc ion IS Aforesaid, or
should the Canal Commissioners decline giuag the cpn
ion to the tec, OF the sale OF any portion OF con
tipu line, then and 10 that case 1t snail be the duty
u tie said Commissioners Of the Sinking Fnd upon tbs
r1eeti1 81 the General Assembly, lay the said
proposals before IL; aao IT, upon examination aud
bderAon the smornt offered to be given for tbs whole
my PORTION Of The aforesaid works, shall be dsemed
ceSt by III. Lsgiltture tn and 10 tina. such
provision may be made to carry into effect uch sale as
raid Commissioners ard the par ies Offering may agree
ugon.
geo T. Any rnircad or causl CON pany already insor
POI aed by this State may oer proposals sud bTcoms
tie purchasers Of said pu ls works. Of sry portion
thsyeo' and IL necessAry msy thsir capital
=; oct in such ani to snt tbs stock
bccer al any meeting regularly calico may determines;
poyieed Il such Increase Of capital shall not exceed
The nm N An mn re-
CO al IL addition thereto.
Sc II Two or more individuals shall beoous tne pur
,hsseIR teen the Cove il heeby Fed to
game and incorporate company, under slca name,
ye md title such purchasers majority Of them
maj determine en- And said company or 'rpaoiea Qf
aid works are Fold IN dierspt portsns mall Sossos5
aEd rrcy all ths powers aud and bssuoct 10
III the provision and resrc 10 prescribed by An aot
gns ing Railroad Comp.n.s approved ths nj tscnth
day .. February A D. ls49 not inconsistent with the
piovisions of tbls ast.
So o. Az soon A. the purchaser o, purchasers whose
bids may be accepted spa have made the cash payment
delivered bonds in number and for amount equal to
the annual insanenta provided for and Of which
PAID and bear the rate If interest mentioned In the pro
po, al and all Of which bonds tba secured oy mart
upon the york SO purchased then tbs Secretary Of
State shA tran fer the under the great seal OF the
1mmonwtAth to such purchaser purchasers, heir
successors and assigns uion such terms Conditions
"a are ed In ,hi, act and II nes e,mpsny b
organized contempt In the eighth section hereof
ALSO under the provisions and restrictions prescribed by
said act regulating rAilrssd companies
}. ".
works. any portion thereof may at any time before
toe maturity q the tAd bonds aud after giving to said
Com OF the Sinking Fund At least nineiy Gays
notice OF their Intention 10 oo pay of AID satisfy the
principal OF said boI DIS or Of any Of them,
with Interest until so paid 1t The pre.cr ned rate. And
II A. any time any more OF said berd, shall b
and rem ain paid for the ninety days and
after the maturity thereof. then and In that case
the Commonwealth shall have full power to re.entsr
upon and take possession OF the ,erty Intended to
been ns-fr-d and the gIAuie shAll not be
In NJ time Of such deaul the Governor sha
Gn' q
So, IL. Said company or companies purchasing any
portions OF the public works thAll be at ell times
to keep the sane In good or er And repair and
allow individuals aud npaniss to boats upon the
same; ard they thall mAks no discrimination Of Any
ind against boats ard topn,ge pas'g to and frou any
other portion OF the public works and this tolls and charges
upon tonp age and boss hhall never exceed per mile
those for the Tins beirg BY tho State upon the
other portions Of her works cen aectny Herewith.
SEQ IL Said companies or company shA be required to
carry in good farm, frc the time Of taking possession
the works all contracts existing in regard ire use
of said woIks In completion OF wol ks repair Of
ed and for work and materials made by the State its
agents With companies or individuals and shah pay All
ges asfesed after he date of Possession Ia
OF owners If property along the line thereof.
SEQ ID. Should the whole OF the nao line from Pbia
oephia to HtsbHrg be parohas~d by company
socinon Of INDIVIDUALS, tuen said company association
shall be authozsi ifthey dem .xpedisnt
railroad, by the most ibls routs from the Western
terminus OF the iephia and Columbia R,oad to the
Allegheny Portage Railroad and there sith aud
also to extend the Ae heny Porsgs city o, Pitts
burx ard TO ibcrsase their capital any amount
necessary to the same not sxcssdipg
paid for heir purchase and twenty per cent In addition
thereto.
SEQ IA Al moneys received fro the .als Of the pabe
works, OF any portions thereof hsrenbs'ors pro
vced for shall be paid IL to- and for par: or the Snk
Ing Fund.- under the Of the several acs hereto
fore passed In relation thereto.
SEQ Is should 1t b sscerained any time before the
payment OF The last nssment provided for that further
Legislation Ia required for passing to the purchaser
purchasers AL tbs title and interest OF thi, Common
weslth TO said public works. to portions thsraof
may be Eold the faith Of the Com weAlsn Of Penn
vana 10 hereby plecgeo for the enactment OF all
and performance OF ali aots ssary carry out the
true interest and mesapg Of this act for the sale OF tae
public works Of the State
The feeling in this State in favor of a sale Of the
public works is great AMI growing one, and the
subject is probably the most exciting which will be
brought before the Legislature this session for its
action. A number Of frauds have been recently de-
tected on the line Of the public works, which, taken
in connection with the macy which have formerly
be detected and exposed have given this question
additional interest, both among the people and In