Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-03-23
LerIsIn,ire ProceedinEs.

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bills were passed:
Senate bill, for the confinement of per-
sons indicted for crime committed while
in the penitentiary.
Senate bill, to provide for the adjust
ment Of the affairs Of insolvent railroad
companies, and for their reorganization
without sale Of the property thereof
House bill, to provide for the disposition
of unclaimed property in the possession of
railroad companies, amended so as to for
felt the value Of said property to the State,
II not claimed within five years.
The Judiciary Committee reported back
the bill to provide method by which SOL
diers from Ohio absent in other States may
vote at State and county elections, with
sundry amendments, which we're agreed
to.
Mr.. Lang made minority report, pro-
posing to substitute the provisions of his
own bill. After considerable discussion,
it was rejected. Also, an amendment Of
fered by Mr. Fink, providing for the ap-
pOintment of thirty commissioners to carry
ballots to, and return poll books from, the
army.
The bill was again referred to the Com
mittee on Judiciary, for revision.
In relation to the sale Of the State stock
on the Ohio and Pennsylvania Canal, to
officers Of the Cleveland and Mahoning
Railroad, Mr.. Bierce, from the select Com
mittee, made report from which we CLEAN
the following facts
l. That the amount expended by the
State, for which it held stock in the Canal
Company, was $4,000.
2 That during the prosperity Of the ca
nal some $4,000 Of its earnings were laid
by for expenditure on repairs, and loaned
to individual stockholders in the Cleve-
land and Mahoning Railroad, com
peting with the Canal, that subsequently,
these losns were transferred to that rail-
road company Interest and additional
loans increased the amount to about S109,-
900.
8. That the business Of the canal ran
down on account Of the competition Of the
railroad, and value Of stocks greatly de-
preciated.
4. On account Of prospective worthless
ness Of canal stock, the Sinking Fund Com
missioners were authorized in 1855, by the
Legislature, to sell the same, which they
did in November last for $50, 900, the above
mentioned railroad company being virtu-
ally the purchaser; and the committee
were unanimously Of the opinion they got
more for it than any body else would have
given.
5. That the States share of the S1O9, 900
Of earnings, which was about $4,000,
went with its sale Of stock; which was
equivalent to giving the canal stock (origi-
nally S420000) and $37, 900 in money
at interest for the sum of S35, or, in
other words, it gave $1,000 to the railroad
company for accepting its stock in the ca
nal all which shows that the State has not
been very successful in the canal business.
The committee made no recommendation,
but 1t is a query with some Senators,
whether the States share in the money set
apart for repairs, and loaned to the rail
road company, might not be recovered, on
the ground that the canal had not yet
needed tho repairs for which IL was de-
signed. If the money had been expended
on the canal, it is presumable it would have
been worth that much more, and the States
share Of the increased value would have
been $4,000 more, which, added to the
$50, 900, would have been S72, 900; or if
the canal was not worth repairing, then
The money should have been divided, and
the State received S37, 900, which would !
have been $1,000 more than it did receive. |
A motion to print the accompanying tes- |
so pages of manuscript |
the appendix Of the journal, was discussed |
with some warmth, the Democracy seem |
ing anxious to have it in convenient shape |
for an electioneering document against |
certain State officers connected with the |
Before taking a vote, the |
report was laid on the table, and the SEN
ate adjourned.
In the House, Messrs. Converse and Olds
had the brazen-faoedness to boast that they
should vote for Mr.. Dresels reasonable
if they were allowed to record
their votes. The speaker decided that after
a vote by ayes and nays and announce
ment Of the result, members could not vote
unless by unanimous consent