The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1857-07-10
Protest against the BILL Eor the
Sale of alle Main Line.

Sale of fERe VAIN Line.
The undersigned place on the Journal OF the
Senate the reasons for voting against the pas
sage of the House bill No. S52, (re-print on
Senate file No. 1920 entitled can Act Tor the
sale of the Main Line OF the Public Works"
lst. Because, although protesting to offer the
Main Line to the highest bidder, the bill dis
eliminates SO largely in the conditions of sale,
terms of payment, and the exemption from tax
alton, in favor of the Pennsylvania Railroad
company, as almost to exclude bona Gde compe-
titlon. And yet it empowers irresponsible IN
dividuals TO bid for The purpose OF speculation,
by authorizing them, if they should become the
purchasers, ''o assign and transfer their right 10
the said Main Line, under said purchase, to a.
ny Railroad or Canal company created by the
laws of the Commonwealth" The privilege OF
transfer, under such circumstances, without IL
creasing competition, gives color to the assertion
that the bill has been so framed as 10 enable pri
vate parties-now engaged in procuring this
iegislalion-to purchase merely for toe purpose
of selling at an advance, as an indemnity tor
their services.
ID. Because, although the bill purports TO BE-
a sale Of the Main Line. 1t, in reality. more
4
Company, if that company should obtain il On
the terms proposed. The extraordinary eXten-
sion Of credit, the low rate Of interest, the re-
lease OF the tonnage tax, and the exemption,
forever, from all other taxation or duties for
State purposes, will enable that company to Ii
quidatp every dollar Of the purchase money be-
fore the last payment shall b. mature. by mere
~ appropriatiHg, for that puTpose, the taxes
from which they are thus released.
81. Because the release Of the tonnage tax Is
not accompanied with such limitation upon
the future rate Of dividends Of said company.
as will cause said release to ennre to the benefit
Of the trade and commerce Of the State. such
Limitation would be IN accordance with the o
ririnal design OF the euterpriSiag citizens Of
Philadelphia and Pittybure, and OF the various
municipalities vho subscribed 81 literally to
the Pennsylvania Railroad Company, not ey-
pecting or desiring large dividends upon their
investments, but TO promote the great public OBJ
jrcts above referred 10.
4th Because the bill provides that IN the e.
vent Of the Pennsylvania Railroad company be-
coming the purchaser, said company shall not
only be- exempt from the Tonnage tax, now a.
mounting 10 S22G,Q00 per annum, but that in
addition, it sshall be- released from the payment
Of all other taxes or duties to the Common
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