The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-05-04

to foreign capitalists the immense privileges guaranteed
TO them by the Mayor and City Council by which sale
transfer the control Of said road is virtually given
dens OF another State, which is altogether varianc
with the original design and intention of those who ia
yored the passage of said ordinance the public mind
thereby justly greved and in order therefore that mea
sures may be timely taken to avert evil which may
Resolred by the Second Branch Of the Ciiy Council
mat the Counsellor of the city be and he is hereby re
quested to consider carefully the provisions an ord
passed present session of the CITY Council
entitled, An ordinance to empower and authorize Wm
cart and J. B. Sumwalt those who may become asso
Grated with them to construct and lay upol Bat
more street and other streets City Passenger Railroad
ana report to this Branch early practicable if said
ordnance should be repealed before the said VIM II
Iraverss VIM S Browning, VIM. Doggy Robert Cathcart
and J. b. Sumwalt have incurred any expense or loss
would the Corporation of Baltimore be liable for dam
ages? ~
Mr.. ELLcoTT moved to amend the resolution, rs
ionows: Alter the words ''as early as practicable
insert "whether in his opinion the said act is lepa
and constitutional, and within the powers of this
Corporation; and whether there do not exist prior
grants or pre-emption rights in favor of certain
Railroad Companies" and
Mr.. COTTON accepted the amendment
Mr. CATHCART moved to strike out the preamble
he considered that it contained language uncalled
Tor and Objectionable, rejecting upon the integrity
or the gentlemen named therein.
MIR. COTTON asked Mr. Cathcart to point out tha
Objectionable language
Mr. CATHcART said he thought the whole of it
Objectionable.
Mr.; CoLroN said that unless the truth was obiec-
tlonable to the gentlemen named he could not see
why there should be any objection to the resolution
lie asked whether, when this ordinance was passed
IL was not the general impression that the grant
was gwen to citizens of Baltimore Now what do
we near on every side but that the privileges, so
nuch sought after, have been sold and bartered to
foreign citizens? He stood in his place to answer
Tor the language contained in the preamble and reso
luton no matter what the result. He had no design
10 refect on any man outside or inside the Branch
out he considered this az:natter which should be
taken cognizance of ty the City Council of Balt
more. He had no doubt that some members who
poted lot the bill, would never have done so if they
mad had the least idea that the whole matter was
to be given to Philadelphians He hoped the reso
luton would pass.
Mr.. CATHcART said the preamble stated that it
was common rumor that sale had been made.
NOW that was rejecting upon the gentlemen re-
erred to, before the facts in the case were ascer
tanned.
MIR. CoLToN-"Wil any gentleman here rise and
answer the question whether there has been a sale
or transfer made of the grant?" (Silence for a
few moments)
Mr.; Cook said he would like to hear the gentle
man from the 18th and 20th wards (Mr SewaIN
answer the question.
Mr.. SEwALL-tI can saw that thera has baan -,
sale made" N "
Mr.. CoLToN asked if there had not been an as
signment of the grant made?
Mr.. SEwALL said there had been an assipnment
made; the parties had right to assign, if they
choose. '
Mr.. CoLToN-"Then part of tho nraambIa is
true" F Is
Mr.. Cook said that when the ordinance was be.
tore the Branch, if he had supposed the material
and labor was not to have been procured from our
own citizens, he would have voted against it; but
he never considered that the capital was all to be
procured IN Baltimore. He had been told that
there mad been bond executed in the sum of S4OO
OOO, guaranteeing that the building and manage
ment OF the roads should be entirely in the hands of
BaltmOreans
Mr.. CoLroN said he had seen the bond, and there
was not one feature incorporated in it, as stated by
the gentleman from the Fifth and Sixth wards
Mr. Cook said he thought he had reliable nfor-
nation.
MT SEwALL said the bond was in the hands of
the grantees.
Mr. COLToN thought the member from the 5tb and
9th wards inconsistent in his course Recently he
had voted against an appropriation for the House
OF hefuge, because there was employed there Su-
perlntendent from another State; in this case he
voted for foreign capital to come here and build
the road, and take everything out of the hands of
our own citizens. AS to the roads being entirely
under the control of Batimoreans it was unreason-
able. Would these foreign capitalists invest their
money by millions and let others rule it. ex-
Gept OF their own choice? He didn't believe it
lie had heard that there were bidders in Balti-
more for the same grant, which had been
assigned, and that there were two parties biddino
for it at the same time in PHILADELPHIA. These
reports might be proved true. He asked whether
it was not enough to startle this community before
DOCKS were opened to receive subscriptions to hear
that an assignment had been made, of all that was
intended to benefit the citizens of Baltimore? Some
members might have voted knowingly on the sub
ect he did pretend to say that was the case but he
wanted to vindicate himself, and he thought now
was the proper time to do it.
Mr. CATHCART said he never for a moment was
under the impression that the road would be built
OF Baltimore capital. When the different bills were
before the committee, the omnibus proprietors who
asked for the grant stated they would not be able
to procure subscriptions in Baltimore to the amount
OF over 100000 He was in favor of foreign capi-
tai coming nere to improve our city, and referred
to the purchase of the Canton grounds by an East
ern company. The member from the 7th and 8th
wards said he talks so much about Phadephans
coming here to treat badly; when he himself left
baltimore for Philadelphia to get his WIFE All he
had to say was, that when he should want another,
he better look about for one in Baltimore before
gong further. (Laughter.)
Mr. CoLroN.-"That's 500
Mr: CATHcARr then withdrew his motion to strike
out the preamble. The question was then taken
on the adoption of the resolution, and it was re-
Jected by the following vote
leas-Messrs. President, Cotton, and Eli
COTS.
Nays-Messrs. Cathcart, Cook Taylor, Mussel-
man, McCOmas and Sewall-6.
The Branch then adjourned until tomorrow af-
ternOon at o'clock