New-York tribune., 1869-04-08


BdDard,, MapocD, stanford WihAm'-ls.
Gen<i, Morris,
Sc;%sSs c;:ss:l sss. s.: hsin h.1SS P.R:i.5 RG:ss.
Crowley
Bradley, Chapman, Kennedy horon-A
OF course it will be put on the preferred calendar
and rushed through.
Mr.. Bemuss Special Railroad Committee reported
this morning in favor of the conversion of the
50 per cent scIip dividend into stock, and intro
duced at the Same time bill carrying out the
recommendations of the Committee. The following
is the report
The Committee appointed under resolution OF the
Assembly adopted Feb 1852 for the purpose OF nVes
gating the facts connected with the increase OF the
stock OF certain railroad companies named IN sara
the premises report That they have taken testimony IN
regard matter referred TO them By said resolution
and 1nd that the capital stock Of certain OF SAID railroad
companies has been increased from time 10 une elther
Of section as OF the act TO authorize the formation OF
railroad corporations and 10 regulate the same passed
held under lease" passed in 1855 and 1861 In
regard to the increase so made your oon'
mtee are OF opinion that legislation Ia necessary
The NewYork Central Railroad Company on the 18th OF
December last authorized the issuing OF interest cern
That Company, instead Of dividing annually its whole
surplus earnings among It's stockhOiders had ro t
large amounts n tracking and improving
its road and adding 70 ts property for the 11 m
work required OF IT, The interest oertheaes ABOVE IT,
ferred to issued for the purpose O S snc
expenditure and TO reimburse the same Nneh ,ne I9 h
pany should be enabled 70 IH 90 FOR tbe pnpno
Was the most economical mode OF raising less expensive
H. and 70 have borro we'd money from time
10 me as IL needed foe the purpose OF mprovlng s
=, 19nd that the moneys which they represent
beoug fairly the stockholders OF the Company ana
abe 70 furnish the public as well the increased safety
OF those using the road has created mutually between
terest to boih For the purpose enabling the Com
pany exchange Its stock for such Interest cerheates
II necessary that authority should be gwen 10 increase
its stock.
The bill reads as follows:
An Aor .uiApg the stock Of the SeWY0rk Ceu
p,opk Of ne stas Of Noe YorI rqrs'"i'd I" S'"oe and
src. l. The New.York Central Railroad Company is
hereby authorized with the concurrence OF twothrds IN
provided by section nine OF the act entitled An Act
10 authorize the formation OF Railroad anu
It's capital stock to the amount OF 50 per cent oil us
SEC The increase of capital stock authorized by the
hrst section OF this act shah be used only IN exchanging
tho for the interest cerheatos oI sau oonp@any @
authorized by the Directors OF SAID company ~ 'hen
NEE ting held Dec 10, 1868.
SIC 3. This act shall take effect '"''"
AS soon as the bill was read the first and second
time it was made the special order for this evening
There were only two votes against it, that OF Alr.
Smith of Oswego and Speaker Younglove.
IL took about 20 minutes only this morniag for the
Assembly to vote ono million one hundred thousand
dollars out Of the State Treasury Three bills were
in this space Of time logrolled' through, creating
more excitement and confusion on the floor than has
been witnessed this session. The first bill was grant
ina State aid to the extent OF 100000 to the Mid
land and Oswego Railroad. This passed-Yeas, rs !;
Nays. 80. Then the Whitehall and Plattsburg BILL
which gives that road $250OOO received 6S votes IN
it's favor, to 80 against. Then the Buffalo and
Washington came in for Its share, and
proposed TO take $2J00OO more, and the Assembly
consented Yeas 20, Nays 49, The railroad men
thought this was pretty good days work
Among the reports made in the Assembly TINS
morning was one from the Committee on Cities
favorable 10 q Passenger Transit BILL which allows
company to keep vehicles and carry baggage from
one part of New-York to another. They are TO be
limited in their charges and is the nearest approach
10 the London cab system which has yet received
the sanction of New-York Legislature. If the bill
masses (and there is every probability Of it, person
NAV ride from any part of New-York City to point
below Forty-second-st for fifty cents and have his
| trunk carried for twenty-five cents more Inc Dill
has already passed the Senate.
The subcommittee Of the Whole reported in
favor of the bill increasing the fees OF the Sherh OF
New-York. 1t is now ready for a third reading
| The Assembly Committee on Cities agreed to a
Senate bill giving $4,000 to the Boys and Girls Lodg-
ing Houses under the charge Of the Chiidrens Aid
Society Of New-York.
| The Assembly bill amending the Excise law was
nresepted TO the Senate this morning and motion
was made that ID be referred directly to the Commit
| tee of the Whole without going through the lsuai
| nlan of a reference to the Committee on Internal
Affairs This motion was defeated. and the bill sent
% its appropriate committee, by vote OF Yeas To-
Nays 49, All the Republicans voted in the afhrma-
tive ON the latter notion and the Democrats IN the
negative.
Gen. SWANS bill providing for two tier rail-
road through New-YoIk City to Harlem, passed the
Assembly this mornng-Yeas, 81; Nays % Inc
nlan Is generally acceptable and the pressure
for its success through the Senate Will not De I'M
| potent. ,,u
The Committee on Contested Elections this morn
inc reported in favor of Mr.. Hawkins tSFng the
seat of Mr.. Decker, now representing the hlchmonu
! Comfy District. The Democrats, under the leader
ship of Mr.. Hitchman, who was supported Dy seVera
Republicans had the report made speciai oruer ior
Tuesday next Mr.. Gleason tried to have the matter
settled by Friday, but he was outvoted.
message was received from the Governor Gaming
attention to the overcrowding of the State Pnsons
The number OF convicts is said to be douDied snoo
1850 and there has been great increase since 'iio
close of the war; All the prisons are more thah iu
The population of the State is rapidly increasing
and larger prison accommodations are required In