, 1865-01-28


thar the roads already constructed have, and this
LcstaIatnfc should be willing to make general
Law that would control and regulate al the roads
roads already constructed By inserting such pro-
visions In a! new charters that no new roads can
MI. NEEc1 hoped the resolution would not pass.
They had inserted tl.is amendment In all the ncw
cha 4ters for railroads which had been reported,
at the hands Of this Legislature. think the rcso-
luton which we passcd contains the true principle
which should govern u.s. and l an Only sorry that
ment, and then these great monopolits would have
never been upon nj. The farming interests Of
the country would have owned the railroads,
one, when propositions or such magnitude aud
vitality az this come before the Legislature for
consideration be was IN fa!or Of guarding against
cip1e, IN ten yea1s from this day they could have
control Of these railroad monopolIes, and thus be
relieved from oppression Hi. Neece uads sew
eral other points On this 1ssuc.
Mr. WEBH OF Alexander, was opposed to tho
resolution passed by the House ftw days ago,
putting in clause s1bjngating all charters to my
pf ihe resolaticn ofFefed BY Tho gentleman m tom rom
Cook (Da1ton) He believed it for tho best interest
of the farming community, and al the people Of
He believed that resolution detrimental to the in
tcrests Of our State and this had been his opinion
ever since It was passed. He had reflected much
ereon % It i. not M iey a to benet S tie people ] Su
to injure them by preventing healthy competition.
We had running through all parts Of our State
rtss s9me are ,s sHsy Lengthy ana
and our object II getting new roads is for the pus
pose Of getting Competition with these already
la1ge monoolies L this BE- tae lHs, fact I. n {,
encourage all new roads, and gel np lively COM
petition. II the restrictions named are put into
the new charters, We di:e9ursse Or pseSent the
fitting the people crd relieving them from oppres-
sisc inonopoles, we only give NC cid ,eae: ada1.
uocal adsantasss. He vas tn favor Of tarin, tho
resolution which was passed sons time slnco &c
Mr. N.r.1s, Of Warren, was = Ezmcr by pro
fcesion and represented farming community, ut
feset In phrt. ind lit was With Tins cos1nuuily
Tits qres t!on. II thrrc wss anything the farmers
rarrcd. it fs thai the=c railroads should be re-
et,Icted 3r their rates Of tariff By the Legislature
ctso, Burlington and Quincy and the Peoria and
uquawEa roads we're competitors. Then the
farming community Of our portion Of the State
But sihee The Peoris and oquawEa has passed into
the hands Of the c. 3. G. road the tariff Of fare
and fEeights has been constantly going up, until it
come t:.at the people arc not willing to bear it.
We proposed In the resolution adopted some days
ago, to provide in the charters Of tho new roads
lie stats. We did not propose 10 restrict them by
any actlon OF. this Iegi:laturc; but We merely
proposed to insert in their charter. the power
T. restrict them n,n,1 n eass they attempted
Pesp peeee ths would asops e., 81. aeasnt ~ss .sS E.
e hs5oie ss ..!d he T:s and v1Psea
ducers Of our wealth. the eustancrs Of inter
csts, the upholders Of our country and were there
much attention Paid to their Interests as there
soroi encouraging small railroads as any other
ssfs e Ais pssPe SsI ent aha 81 I'll sGfa & M sa a.
Legislature had the right and the power to control
all t. esc nonopolIes and corporations- II these
not be tainpered with. we had better be careful
how We charter other companies. We had better
@ take case of the fatu.e at!s..t ns thoaght We
panics under this regulation OF the State and that
We had better apply all the restriction we can to
ths @ ola @ eonp3n,%ss p % when as.ng for amendments
opposed to he resolution thst had lust been Of
ie1ed 70 rescind the former resolution To re-
vested rights with which We cannot Interfere.
Mr.. PAINE, Of Lake, vas nrainst the resolution
| juEt read, to +fescind the one introduced :ul
adopted the other dag. lie thought the resolu-
right direction, which The great farming colnniu-
nlty OF the STATE deese. 1t was fAllacious u1Cu
nlct that tho carrying out principle involved
IN the resolution passed The other day would
crush out new railroads, seeking Incorporation.
These new roads will only le affected By general
laW; md t . general lay be passed. IL pursuance
stsict and regulate tariff. oil railroads through
ont the State. and Viii regulate the old heavy
nonopo'ies u well u the new railroads which
who believed Inst law could be pAased By this
Lcg!slstnre regulating the tarifs on freight and
passeneers over any road In thia State, and he
~. CooK, Of Woodiord,, vas opposed to the
tcind. He did not think the Legislature should
impose resolutions Of this Hnd npen new corpo-
ratious, and thus create an inequality OF advaa-
tages between old and new corporations. People
would not be willing to invest their money in
expect it. It wpn1d discourage now companies,
md leave the people at the mercy Of the old cor
portions: Nc thought men Of capital and energy
would not engage in constructing new roads. The
Leg3slatnre might itnpose such restrictions a. to
entirely break up, deIoora1ize and rutn them for
he W. to psf aat q
there was great deal said about Restricting rsii
Itnds-under The term "monopoltes"-.and pro.
hss51g e ReoRs Tas be properly termed
cd on tie introduction Of The original resolution
claiming that these companies imposed heavier
on ho eIss pGSa
| p1nepe of eosnpsfon FL ssgaats 1sss
thsss ts, matters: n, The gentleman nom Warren
resolutions will not hurt there new roads. II
they don,t Propose TO pass lsw subjectins these
Il s
Fulted with eminent lawyers upon tlis very sub
ject and they say the Legislature has m undoubt-
t qeh aT IL to 1aEo.a
ests of the people; they say that the Legi.latuIe
possesses she power to regulate the taE}d Of all
press provision in their charters that ihey will
submit to such restraints the State may impose
upon them. He claimed that the Legislature had
pressivc monopolIes, and that the undoubted
right to regulate aud control these roads Is now
ID the hands Of the people. He .was In favor Of
Nr. BRowF, Of Winnehsgo, said that he wished
ether day which a!e urged in isyor of the 1csolu:
the Senate were opposed to TIE one action. and
that therefore, We should fail. Now, you Ill
know that VIC hare corrected the honorable Senate
eion- But VIC have no evidence that the Senate
will strike ont This provision, which o9r first reso~
1ution required the Committee on Banks and Cor.
poratipns to iusert In their railroad charters But
II they do intend to strike them out, propose 10
act for myself md represent my onsHtuents, and
not go over 10 the Senator from my district and
see what he Il going to do, or ask him what / had
Nov, the gentleman from Woodford st1rted out
lr saying t.at tho resolution introduced the other
day, rcposed too much IN tic hands Of the people;
that provision authorizing future Legislatures to
Impose restrictions upon railroads that might be
Chartered, might be ruinous, unjust and destruct-
i've.
Mr.. CooK asked to correct the gentleman from
Winnebago. He did not say lhe resolution re-
posed TOO much power In the hands Of the people.
lie said It rcposed too much power In the Lcgisla-
ture. He had unlimited confidence in The people,
bodh a. to their capacity and Integrity,
sisr he ' aRd Rdd0ps Il T.
the duty Of tho Legislature 10 carry out
s 1eas :aa ee er { sa @ T. 6s sn
take ii tia, the gentleman thinks the Legislature
might impose nn]nst restrictions upon the rail-
road corporations, Il VIC sloud ALLOW It the prisil
I'd I'd freight ,arid Bit thcn he Afterwards a asys
he believes We hare right to restrict them all
The old corporation as we'll as new-wlthoat any
setms 10 me, weakeps The torce of his argument
against reatrictiona and is in direct conflict with
his whole argument against restricting corpora
IN sFor 81 Te.ncne I'll theee by
general law. Now. 1t seems to me that that still
leaves the nartter In the hands Of the legislature
II be is IN ayor Of general Law, what objcc lions
Gun be consistently urge to one pEoEiding IN the
charters Of companies now organizing, Or that are
asklne to hare their charters altered, amended or
,xMnded, provision that shall make them sub
Thst lis void etill Icase them in tho hands of the
Lcislaiurc and If they are subject to onr Legts-
ai1re without this provision being made In their
thuzters, It csn certainly DO them no harm, 4nd
wopid have no tendency to discourage the build
frE Of new roads. Is there any more danger OF the
Legislature imposing improper and destructive
rrsrrriuta upon railroads BY special shsn by gen
II II there is the least donbt as to our power to
regulate these roads By gcnrrM Ian, why not bc
on The eaie Eidel There Ia at least some doubt
shont being aes e rsasa 1h m
rc'ation to II, md It Is supposed BY Us that We
e1rnot reach them. let us apply safe and positive
rc>thctfona 10 eoI1nrat1ons, which we may mere
zf1cr charter. Whit class Of men arc opposing
thcsc rcHtrict}oraf Il II the gentlemen who come
here seeking the Organization OF nsw railroads !