The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-22
CONSTITUTIONAL CONVENTION

Banking and Corporations Adopted
csrsideration Of tho Report On tho Power,
| aud l,ruties Of che Governor and Lieutensu'
| (sevevus,,-Vho Governor Prohibited from
| struiur A.v isuI After tho Adjemrnment Of
inc Aes's'"'sre' .AtsAsv, August n, 1897.
TIE Convention assembled at tea O'Clock Several
memoriais we're presented sad referred.
REORGANIZATION or rss MILITIA
Mr. MosRs from the standing COMMITTEES on the
Militia aud Public Dersec reported an article 0rovd-
ing al follows:-
ss o1 s SaSSo az az
bewesa the sGs. o. stshssen and foryavs shall 30
The aiis sSsi b. divided int. acti,. aud
forces; tho former TO b denounssd tbs National
a. ss X .s e
mot the % sa' ss The The ,,
OF lie United States and al nhabsn,s whose religious
rssrss .nas.e war; saa =" e' OF p'se' De es'a9' from
appoint III q with
senate general oacers Gsassl oncer. may
sS: y % :sss ss,,. from their
Section prosldes that company COMMISSIONED oosrs
@ 3 sssa S @ .s . Il s u e
and separate the written Of tho csu.m:
ss q : % e
ss :sss % q
% 0r a. sna q
S Soe ;sI ss % 10
be prescribed by law, aud IA eae the election ana
this article shall no. be found conducive The Improve
rreya 81 Ire members each
In the orssnzson Nat,cna Guard provision shalt
made for ineloang herein liz. Of reserve ossrs o. no
grads :, SSneraSy Sscs,ses from iss
Of ths State They may be by the
Win rank equal % held y brs,s otaerMi; "a TIE
entitled to such privileges
BANKING AND CORPORATIONS.
Mr. soaEL to reconsider the vote referri ng the
report Of the Committee Banking and Corporations
to the Committee on Revision. Carried
H.. BARKER moved 70 strike out the amendment pro-
hibng the consolidation OF railroad corporations whore
the aggregate capital shall exceed $50, 900 900
The yeas and nays wcrs ordered aud tho motion to
strike out iost-45 to &c.
Mr. BARKwR thon moved TO amend as follows:
vided tho effect of this prohibition doss not prevent the
consolidation OF railroad corporations with capital loss
than 5000 000."
Mr. PRossER moved to make the sum $4,000 900.
Mr. BARggR accepted the amendment
Mr. RosxRrsos moved to amend that 'no corporation
shall be created whose capital shalt exceed $50 0Oo
by any corporation not dsrbussd among is s.ocehoId
tn year after ts acquisition shall be applied
TO be enacted for the purpose" Lost.
The amendment OF Mr.. Barker was lost
Mr.. BARKER gave notice OF motion TO reconsider
Mr. PMos offered the following "a an additional section
which was lost
81 s
them and direct e each o. The
managers Of their respective corporations.
Mr. OppyKs moved 10 strike out section four. pro.
dns thai the sss.srs sa have no pSvos 70 s sane
~ srt;cis ~ than sdonted. a
Dr. FoLosR moved 70 instruct the Committee on Re-
vsion the section prohibiting the consolidation
Of railroad corporations whore the aggregate capital
shall exceed twenty miilious the following :'UnIess
the therefor shall have been submitted % the people
al tue general after the passaxe thereof by
the legislature and shall have received the approval OF
majority Of all the electors voting at such sleoton.'
& was laid On the table
Land Once In reply TO resolution OF inquiry, was pre-
| scented.
| The Convention then went into Committee OF the
and Duties OF The Governor and Loutsusnt Governor
Mr. Herman Ia the chair Debate arose on the section
Governor may approve or dsapprove q any portion Of
bill containing separate and distinct propositions pre-
m. AIvoaD moved 70 amend 90 as to connns this
Of the Governor 70 bill making apprTps.tionsS
S os w. S Of
endangerng the rest
Ne ToIoss advocated the amendment
Mr. PRINDLs moved 70 amend, % that In case either
house shall reject bin after che Governor shall have
vetoed any para Of y II shai! fsii 70 become law
Of bill vetoed by the Governor the parts approved
should b Immediately sont TO the once OF the Secretary
portions 70 30 sent back he fegsasurs that they
/ would stand oe fall on their merits.
Governor 70 veto any portion Of bill and approve Of
the rest Il would lead great dAcuIt,ss and liga.
| nor and Legislature His idea would be to allow the
section the present constitution TO remain With two
msmSs% elected !" both houses 70 pass hi over
Veto and takpe from the Governor the power TO sign
the present Constitution would BE- better than Anything
Mr. A. J. PARKER was In favor Of Strengthening the
veto power Il was the conservative element Of the
government and had been approved by the people for
the twenty years He had acquesced in the report
because he thought the additional power conferred
would prove sautary
Mr. EvaRrs said report gave to the Governor power
He denied that the Legislature ever expressed its viii
by sections Il did 80 BY laws whole, and not by
Governor Cove the authority 70 veto par, OF bill
Mr. PrindIs's amendment was adopted by vote OF 90
| to 81
Mr. RuxsEv moved 10 substitute for the section rea.
tive the veto the provision W the present oon-
~9 y. 1ns ne sob.rs secsd 70 both souse. 70
pass bin Veto and that the Governor shall not
sign any bill after thu adjournment Of The Legislature
The Convention took recess until bali past thres
O'Clock.
The Convention reassembed half past three o'clock
Discussion resumed on Mr.. Rumsey's amend
Mr. A1vorp favored the idea Of giving the Governor
ten DAYS after the adjournment OF the Legislature In
which 10 sign bills He would limit the time in order
| 10 prevent abuses existing, as he had been in
formed that within few days the Governor had signed
| bill passed last winter.
| NJ Rumsey's substitute adopted. 80 TO 30.
Mr. ALvoRp moved TO amend 20 a. to authorize par
tisI veto with reference 10 appropriation bills, and 10
allow the ten days after the Adjournment 10
Mr. EvaRrs opposed the idea Of giving the Governor
ten days asr tbs adjournment in which 10 sign bills.
During time tho Governor would act as the supreme
Isais,aiiys authority His veto during that time would
| be absolute and without any appeal. II was allowing
the Legislature shirk responsibility The Legislature
was the law making power and they should DO held 10
Account He would not have bills signed after the ad.
jourpmeut Let tho Legislature remain In session until
Inc Governor has disposed Of all the bills passed. and
then they will have discharged the dntes with which
| they are charged by the people
Messrs CsrRcH and CossrocK sustained this view OF
| the subject
Mr. OppYKn thought that would be useful 10 give
the Governor ten days time In which to sign bills after
L sI.a liiolsxn nj