The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-17
CONSTITUTIONAL CONVENTION.


Consideratien ofthe Report efthe Cemm's'ee
ON Banking and Corporations. ,.,
ALBANY, August 10. 1867.
The State Constitutional Convention reassembed &C.
day.
Memorials were presented asking that tho Liquor Pro-
hibton question may DO submitted separately.
L THE STATE OFFICERS.
Mr. TUCKER, from the committee appointed TO consider
The question in regard to the election tenure Of ohics
compensation, &C., Of the Secretary Of State, Comp
rosr Treasurer State Engineer Surveyor and Attorney
General submitted a report advising that the heads OF
State departments shall be elected at the same time with
the Governor and hold Office for the came tsrm-the
Attorney General TO DO lawyer Of at least ten years
standing and the State Engineer to be practical eng.
The treasurer until the meeting the Legislature when,
after due and for cause the Legislature may re-
aenartmen,s not 10 be- increased or diminished the
said officers not to be entitled to fees Of any nature
Messrs. Dugannc and Kechum dissent from that por.
ton Of the report which favors the election OF secretary
| Of state and Attorney General.
The report was referred.
| REPORTS IN RELATION INCORPORATED coNrAuEa
| Mr. BALLARD, OF Cortland from the committee to
referred the resolution In regard TO the expe
dicncy Of providing in the constitution reported that all
corporations composed Of stockholders shareholders
shall conduct their elections for directors as to enable
such number or shares to choose director such
number bears 10 the whole number represented
the election in the ratio unity bears TO the
| number Of directors TO be chosen.
Mr.. BALLARD also presented resolution 10 regard 10
the Legislature to pass general act regulating the IN
corporation Of companes also resolution as 10 'ne
propricty OF recurring the railroads or this state 10
adop, pro rata tariff for freight subject TO regulation
by the legislature the Canal Board also resolution
by directors chosen annually by the stockholders there
Of and that stockholder shall vote at any eiecuon
who has not such for ninety days continuously
next preceding the election; also resolution 10 hold
railroad corporations and steamboat companies 10 more
accountability for losses o.. life or limb occa-
stoned through neglect ignorance.
Mr. BALLARD stated that said committee have con-
na these matters appropratey oe0ns 20 se
ask To be discharged from the CONSIDERATION OF tnese
IMPEACHMENT rRIArs SENATE.
Mr. PoSD called up the resolution providing pay FOR
Senators when they may be engaged in the trial OF I'M
parchment cares, and 1t was lost
ALLEGED FRAUDS.
Mr. CHEEsEBRo called the resolution requesting the
Canal Investigating Committee 10 report as soon
as practicable the testimony taken by them in regard to
canal frauds since tho publication o. th. hrs. report
also that they tie requested TO furnish the Convention
with their conclusions. Adopted.
REAL AND Personal PROPERTY.
@r. s. townsend moved that the Comptroller be
requested to Inform the Convention Of the value OF real
and personal property owned per capita In the several
countless also the amount OF property represented by
moneyed corporations and associations LAID on the
| table.
Mr.. KRUa moved to strike from the article Ia regard
TO and county officers the clause providing that
district attorneys, while acting such, shall DO nelgi-
bic to other Offices. Laid on the table
BANKING CORPORATIONS.
The Convention then went into Committee OF the
| Whole, con-
slider the report Of the Committee Banking and Cor
| poIations
BIZ. BAIL moved that corporations may DO formed
general laws but shall not be created amended
| by special act except for municipal purposes.
| Mr. BALLAD favored the retention Of the second
clause which provides that oil general laws and special
passed pursuant TO this section or which may have
heretofore been passed. may be altered from to time or
| subsequently, MI. BALLARD moved 10 strike out the
| words general aud special acls."
Mr. BELL accepted this and the amendment was
AZ SEYMOUR moved TO strike out Of the first clause
| the words T" or amended"
Mr. BEApLE moved to substitute for the word
"amended the words their powers increased or d.
ton Of existing railroad corporations, that here
alter exist shall be authorized where the aggregate
he felt to be absolutely necessary to make tho
of railroad combinations beyond certain point the sub
reason to fear that by impure influence brought bear
upon the Legislature combinations may be formed such
wiz create power so gigantic as 10 osershadow the
| power and strength Of the State Itself.
| MIR. OPDyKE favored the amendment, instancipg the
railroad history OF New Jersey lesson that ought hot
Mr.. JAMS Brooks was opposed to the amendment,
he believed that in thus committing ourselves rrevo
cably TO such principle nothing could be more detr
city Of New York, but of the whole State We now have
powerful rivals for the trade Of the West and
| not help the OF Baltimore and Philadelphia and
the railroads tributary TO them more than by hamperng
our capital while theirs remains TO consolidate
against vs.. This no thought very unwse matter for
the Convention to msddle with II is properly sub
ject for the Legislature to pass upon and one that i,
should have power over from year 10 year.
Mr. DuGAyNg supported the amendment
Mr. LAsDoS and Mr.. SEYMOUR opposed il.
Mr.. ALvoRp spoke earnestly in favor Of the amend.
meat absolutely necessary to the protection OF the
interests and rights OF the people aud TO the retention Of
her trade and commerce, arguing that mammoth com.
bnaons inevitably lead 10 monopolies high freshts
and exorbiani fares.
Mr.. scaEiL opposed the amendment directly au,ag.
onistc to the best interests OF people and calcu.
lated to discourage the private enterprise OF our
citizens IL such legislation that driving capt.
tai away from home aud into channels that already
| powerful rivals OF carrying trade.
Tho debate continued by Messrs James Brooks
and cassidy against the amendment, and Messrs Raih-
| bun and Avord in favor
Nj L. CORNING said he felt induced 10 make tho
remark. that after thirty years. experience railroad
matters he feels bound say that nc considered the
proposition contained in the amendment vie one,
and ought to be engrafted in the constitution
Before the question taken two O'Clock arrived,
and the Convention adjourned I'll ten O'Clock
morrow
JEFF DAVIS ON RECONSTRUCTION.