New-York tribune., 1867-04-13
ALBANY.
r,,g wHARvEs AND PIERs COMMISSION BnL-THE
FIRE COMMISSION BILL PASSED THE ASSEMBLY
THE REPORT on THE PACIFIC MAIL STEAMSHIP



FIRE COMMISSION BILL PASSED TiIE ASSEMBLY
THE REPORT on THE PACIFIC MAIL STEAMSHIP
CoMPANY's AFFAIRS
M TELEGRAPH TRIBUNE.
ALBANY, Friday, April IL, 1867.
The action of the Assembly last evening in order
ing into Committee of the Whole the bill for Wharves
and Piers Commission Of NewYork. indicates that there
s vet some hope that this will pass that body
No bill of the session has met much opposition and yet
none has been worthy The opposition TO the measure
only based upon two groundsst that the principle
of governing certain interests Of the City of NewYorki
bad and second that the Citizens Association were It's
prpcjpal advocates Heretofore Commissions were only
odous to certain persons because they thought they were
instituted for political purposes No such plea can De
affirm that 1t benefits any party more than the city
state and world, that it inerferes with the rights
of the city NewYork The wharves and piers belong
TO the State and not to the city, and therefore the aser
ton that the principle upon s %c0 I se baf non which
the fire commission or any other was based Is Iase III
theory and in fact The ables Democrat III InG sit sit
ture H. c. Murphy, and the bitterest Repupcah ags. %
the commission system OF government III tn9 ht, sS M
body Senator ,d pesOn oDS sustained mr uPy p ann
ing that it was such a0.t eooqt PRnG M net ' be de-
MED that the best lawyers Legislature are in the
Senate and that that body as whole, are strenu0sY
gated for partisan purposes yet this bill only had Two
Votes against In way or other could II there be tor
Assembly it will be only through the nOnsensca efforts
OF set OF who think their knowledge OF poncsls
has been raised that the bill Is the emanatlon OF
the Citizens; Association. While | think the general
crv against this Association is wrong. yet u
is nevertheless, fact patent to everybody III ADany
that the Association is in bad Odor with our legislators,
The opponents OF the Association say 1t is not what IL
preteds TO bea great body to carry on reforms IN gov
emment-but an organization intended onIy 70 ihSI @
the interests Of those connected with IT, That TINS Or
pzaon will outlve all such ISLANDERS have no doubt;
bpt s, even If the charges were true 1t FURNISHES no
why te Wharyes and Piers bill should be defeated
il is not the eInanaton of the Citizens Asssociaton They
nothing tOdo with it. except the interest Iney Ge IN
Of NewYork For years past, the Legislature has been
borne down with bills from private individuals and cor.
poratiOns asking for certain privileges ON the river mont
Of your city Last year toneree eer was Ss Gbs
man. TO examine the question and report to this Legsa
of That Committee reported this
SION and together with report that some more responsible
and capable body should take charge }pe wnarves anu
PsEi sSi 0'HfT Thcy S "rodSSsd S%si9gs,
under the charge OF other persons Aue same he tn9
Citizens Association introduced commission bi ana
the Senate both by its Committee ON Commerce ana te
body itself. remodelcd the bill that IN ls prlncmi
provisions eonformed TO the Suggestions Oh .c Sp
Committees report As was said IN former dlsPat.Gh,
Senate, has received so much supervision ana carr
ful consideration as this one, ana before ~ ieI'
1at mat TG1y Sat %ere found to be correct by
gentlemen OF both parties, and in legal yiewU II was 50
drawn that the constitutional rights OF al citizens were
protected The Citizens Association only did any per
son Association has right to DO present Dill whch
New York and the world The Senate thought that on
points they right and on some wrong and they
70 the Assembly in the most perfect manner possible.
The agents of the Association did not demur and Went
heartily into the support Of the Senates bill, and have
tried all honorable means TO have acted upon Dy lhe
House They TGmd not ne not SSe for The ndcn
dence OF few Democrats who dsregarded the advice OF
wouidbe headers voted put it INTO Committee of
the Whole After consideration by this Com
mittee for some ting, the mll was pro
tomorrow afternoon when it should be considered, and
on that day ordered TO third reading To delay the or
dering would endanger defeat Of measure which will
tlon OF Mr. Wyeth last evening made legal argu'
men defense of the bil and because he was Demo
crat some of the members Of that party did all they
could defeat his purposes many times In ANY thng but
The Assembly this morning passed the bill providing
for the appointment Of additional Fire ior
your city and the increase OF pay OF the members OF the
force. The provisions OF the bill have already been
The Committee appointed to investigate the affairs Of
the Pacific Mail steamship Company have unanimously
sry delay they proceeded to the performance of the d
ties devOlving upon thc taking such measures as seemed
them 10 reach fair impartial conclusion 1t is Just
to say that the officers and Board Of Directors OF the
Company exhibited earnest desire for the fullest and
freest investigation chcerfuly answering all ques-
ons and furnishing such information as was desired
At the same time the Commissioners In justice 10 them
selves must deny all knowledge Of the newspaper pub,
lcaton Of their proceedings Tho reports which found
Of the testimony elicited as viii he seen by COM
10 gaD the public by irrespo1sie persons with the
object If any Of adding fuel TO the flame Of speculation
Briefly the charges against the Company its Board Of
Dreotors as specified in the preamble TO the resolution
under which your Committee appointed were AZ
follows: -, ,,,,, 49,,
Steamship Company had falsely and rauduently with
view to tho accomplishment OF their own private ENDS,
and for the purpose OF depreciang the market value OF
the stock Of said Company 10 tho end that the directors
sened and continue to represent that the business OF
the Company decline. Second That the surplus
moneys belonging to sad co company y arc % iGsS IN Dr
poets Of said Company arc gloomy ana diseonragnR.
Fourth That these representations had created such
feeling OF insecurity on the part OF te tnat
their great loss and In some instances, their ruin.
These charges would be serious II alleged against the
management Of the most insignificant corporation ere
aed by act Of the Legislature. but when made agas
powerful organization like the Pacific Mail Steamship
Co. with $2OOOO00 capital held by tens Of thousands Of
our ctz ens they grave and important charac-
ter In view OF this fact the Committee feel
in making close and searching investigation into all the
affairs Of the Company A. regards the rst char8e he
only foundation for seems to have been the fact aai
to three per cent--a serious reduction TO be
sure, but made for any speculative pur
pose. All the testimony seems conclusive ON
This pOiAt. Mr.. Jerome, the heaviest loser
by this fall bears witness to the fact that the manage
ment OF the Company Ia conducted with care and
honesty Even Mr. Garrison had to admit that he knew
Of dshonOrabe transactions on the part OF MS as
leutIy represented that the surplus moneys of the Com
pauy arc than in truth they arc We can say u was
not sustained aud present the following sworn statement
OF the profit and loss OF the concern
Profit and loss surplus, Nov, 1884,. s25l,34s 0I
Profit and loss surplus, Feb, ls65...... 356.S95 OJ
Profit and loss surplus, May, 1865 261,2l3
Profit and loss surplus Aug l365....... l9l,Ojl "a
Profit and loss surplus Nov, 1sG5....... l5l23 81
Profit and loss surplus Feb, 1896 4O0,92 50
Profit and loss surplus May, 1866. .... ss6s1l AZ
Profit and loss surplus, Aug. iS66........ v61s02
Profit and loss surplus Nov, 1860. lO0G07 76
Profit and loss SURPLUS Feb, 1857. 3lO6o2 -
To ascertain the actual assets OF the Company the Com