New-York tribune., 1867-08-20
EvENING SESSION.

The Convention met at n o'clock. Several
memor we're presented and referred A.. ,-.., :,
A. Albcrgcr, President q the Board ofCana Commission
ers relative 10 breaks IN the Ere Canal during the past
Tie 'Conyontiou then went into n Committee Of the
Whole he RsTa;t ci the Committee on Banking and
The . ~ penaEs question - 70 PC on on me the
franchise % any railroad Of ts stafr sa ba
void, except by express consent Of eacn stoeKnoiuer
Mr. GREELEY opposed this amendment, as also the
amendment OF A. Parker providing that there shall be
gate capta exceeds s5OOOOOo We had abundant e1per
fence 10 show that when two railroad corporations
ind their ntcrst in certain coalition, that
coalition viii surely be formed; No law , can
prevent 1t. Tais provision OF MT iis Parker,s
character Of the proyisIon why ix upon s50OoOOo Ia
preference any other Again he objected 10 the
Of All the stockholdfs lie had known TO buy stock
simply prevent auncton. which the Interests OF cor
and more calculated 10 provoke the unnecessary hostility
thousand votes TO the CONSTITUTION IDS they
Mr. sIiVFsTER Rep Columbla) opposed the amend
ment such provisions should not be incorporated IN the
Constitution The state should not be bound down Tor ~
years such policy The whole subject should be cit
Mr. A. j. FARMER Dem. Albany had heard no argn
ment I'm favor OF consolidation that not already real
ned by the interest Of connecting railroads fasseneis
and freight were transported directly from New
York 10 the cities Of the great West There was
now 10 breaking OF bulk in the uansmssi3n
Of property. Could consolidation 90 more Ill
the proposed amendment was adopted, u would
remove "A great source OF corruption from the
Legislature. and ftbero was any one thing expected 0,
this Convention IL that remedies would Dc devised
to prevent corruption The only consolidation ehse'e1
n this state waH from Albany To Buialo-tb length OF
the Erie Canal-and that about as much as TINS state
could stand The effect had been seen upon the p.rss
of the canals COatnue this consolidation $50 miles Iur
her and the canals could not stand MP under IT, III was
the Democratic doctrine that great monopoes were not
20 be encouraged Allow these corporations 10 oohs1n
date, and hereiwould be an end TO conpetltIon. ne
Hudson and Harlem Railroads were controlled OIL t,oss 10y
one man now There competition on lnOse
routes, aud hence the enormous prices Tor freghts
charged during The Winter when the rver was cioSfa Dy
ON foot than tle consolidation Of the New-l0rk Ccnfa
the Hudson River and the Harlem Roads the scheme
was TO 20 further and include In It's grasp the new iok
and Erie Railroad and thus build up gigantic inonoPoy,
He denied that the amendment had been IN e re
could state Mr. Corning had no design 70 acquire
airy interest control over any OF ~ e enrs Road
some wears since and had consented with great reluet
anee to act as director the surs corro Of that road
il It were laid at his feet. He referred
20 the pTs % & to aSs %s. To
so much power in the hands Of one millionaire he LOOK
possession Of railroads % not 70 sem 1na IN wa and thus
WELD monyed power greater than that OF any monarch
feSs opposed the amend
ment. ..,o,
NJ NJ 95SUFR Tep Wayne) moved TO add 70 A. j.
parkers amendment that corporation shall be permit
tod either by purchase Or sompetne &c CHARACTER
any y, oHfT aREHpEY eS thought
hsa oh1 besu su bS result OF he consolidation Of the
Central and he wished there was consohdatea .no n
hroug from New York TO Chicago he did not iesr .e
crv ~ monopolies with reference TO railroads gen
tcmen choose 70 buy railroads Others could pe ou.
The people were not denied this right ana neroo sp %
word monopoly had no application 10 tho su9ec' ui'"''
discussion. -. .f.
MT Archers amendment was lost. T
Mr PAIGE ()em schenectady moved 70 amend a. ~ ~
parkers amendment so that railroad cohsoiua.oaa
sha take place where the aggregate capta shall
S20OC0,Oo0. -, - a.,o,t ...'
Mr. ROBERTSON dem, N ~ moved 20 , acpV,' at was
r,esa A division taken on the notion Wnen ""'
ssscgtained that there was quorum present.
The PRESIDENT took the CHAIR ana red Ia their
names. ....., -. \, ,,,a. fhore being no quo
% nresent he could only entertain motion ior cAnoi
tbe Convention, or adjournment; =. q. ,a,o,rn
'ny me-, ~ AIVoRD Rep Onondaga) moved 10 a9Jcurn,
hcb was carried and the Convention adjourned 10 ~
o,ciock Tomorrow