The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-18
CONSTITUTIONAL CONVENTION.


TIE Cessisn OF state lands 10 tho Federal
Go'erumens-ffursiser Consideration OF shs
Report ON Railroad and Banking Corpora
tioas.
ALsA-v. August IT. 1867.
The Convention at the usna hour
rS cEssoS or STATE TO rax FEDERAL GovsRsnssv
mr. cHANrrN moved the following, which lies over:-
p hssoiyed THAT the Committee Bxl q
eleventh seeon o acs spo s, az part Q, hs ssms sas
WIN the follow ng amendment part of sad eleventh
state sS Be- ss. s' % sa ss sorpo ss Ssa
@ s nor . co.,
has g sny nv, ne saG
eess Issued cd unasr sac authority suea territory
therein Imprisoned or restrained OF liberty"
VOTING AT ELKcrIoss Br OPEN BALLOT
Mr. GRAVES moved a reconsideration OF the adverse
vote on the resolution OF Mr.. e. Brooks instructnx tina
Committee on Suffrage to inquire and report apoa
tho possibility OF requiring voting at all general State
and county elections by open ballot Lost.
RAILROAD AND OTHER CORPORATIONS.
The Convention then went into Committee Of ths
Whole on article eight, relative TO banking and other
corporations. The question pending was upon the
motion OF Mr. A. j. Parker declaring that no railroad
corporations Whose aggregate capital exceeds fifteen
millions shall be allowed to consolidate.
Mr. BusRtr opposed the motion for tho reasons thas
the Convention has No. sufficient data TO ntelgeny
upon the subject that u 1t we're in possession OF ali
necessary facts il would DO insxpedent 20 thus tie up
the enterprises OF our citizens. and that II 10 properly
subject for consideration by the Legislature from 70
year The proposition suggests that we are not to have
he could not slbscrIbeto any srch doctrine and Was
therefore against tying up the matter rrevocaby for the
next twenty years. No ono now tell what will be
the demands OF commerce 1--WE years hence and because
OF ts iact ne would leave tho Legislature free 10 act
the future as NAV DO best to meet those demands
. FIT WAkksAA argued tha', judging OF the 4uture ~
the past would DC extremely dangerous to leave this
question with the LEGISLATURE, and cited the action Of
past legislatures regard 30 authorizing increased fare
on the Central railroad in support OF this opinion
Mr.. FLAcLER moved 70 aInend by PROVIDING that the
sale or purchase or the franchise OF any this
state shall be void except by OF each sock-
holder He said lie approved OF ,he the ,uend-
ment Of the gentleman from Albany, but he doubted
whether II would DO OF any practical value.
Mr.. OpDyKE was opposed 20 tho amendment OF Mr.
Fager, for II looked 10 him like proposition merely
are not here for that purpose but to what ok
the protection OF the interests OF all the people 4
MT. GOULD supported the proposed restriction.
Mr. PAIGE said that the combination Of the Central
Trunk line from Now York 10 Buffalo is ali that the
people need or commerce demands That combination
IS based on equitable arrangements between the severai
companies, and will undoubtedly continue, because in
thus meeting The wants Of the people and Tho
requirements OF commerce the companies cOnsaiS
their best wishes Therefore the proposition IL
not to hamper or parsyze discourage the
enterprise of citizens the OF capital bsvond
a certain point Surprising the various through iinss
should consolidate, practical bonent will thereby
to the people possibly little the sock odcrs
but IL would concentrate In one board of dlrectors
probably IN mind and bill, the power OF weld
ing capital OF sixty eighty millions. Woui II no
commerce will not be advocated thereby; ndu-
ence would be centralized 80 vast as TO DO irresistible
Progress WAS then reported, and tho C0veulion at-
journed ill ten O'c 0ck Monday morning.