New-York tribune., 1869-04-15

these railroad grants not In their nature changeabe
any otter p grounds They are necessarily h9ed and -
mutable hold that these grants belong to the peo-
ss ef a Ss e o mat the
ature NOS the right in morals justice 20 gye them
benefsetiOn II the grant made by the BILL by any one
Ike IT, is worth per annun the eflect OF the pi Il
to give that sum annually to the grantees for all future
time without consideration. 1t seems 20 mo that the
simple Of the proposition s sufficient 70 show
should be founded public reasons and DO for public
benefit Legislation is public trust and not mere
IL should be as impartaiy sdnlDstsred and executed
as any judicial or other power Of government Our
no Distinction between glasses os the coDiuun,
liz lives sa o the syS peops no TO shs 70 the
By grants or gifts Of public properly which are
withheld from others Legislation & IN the name OF the
Where s the authority from the People for the enact
ment Of law making TO individuals the gift here pro
posed to be madef In my Judgment, equity denands
that the value of these railroad grants should be paid
tSs s c Ss state az s and S % than
the reduction VI the debt Of that city Of the
operated Wholly Witn wi the CITY, and by special nss Of
It's streets These streets have either been dedicated to
assessment on such property Tlcy are paved and rs
paved. lighted and cleaned at the expense OF the
who rsaJR sis Ry sSa St S police
penses Of the Municipal GoyeTnnens ,sa mt u any
II should be applied to the payment or these eS
ishsd in the city Of New-Yorf by viftno Of special
grants made by the LEGISLATURE None OF these rairpads
Of the privileges granted except mere nominal cehse
foe, or as IN the case TO which have above fefered
able when made and some them were and Of great
aud increasing pecuniary value The capital stock OF the
to their actual outlay and expenditures Twoof them td
DDly two viz the Sixthave. and Eghthave Railroads.,
rhe receipts Of these two Companies during the FAST
year. follows: Sixthave., t6le,570 81; Eighth
each case are about doable they years
lgo) some idea may be formed OF the great
ay. II ali the conpanos' had been required to
pay to the city sn adequate sum Tor the value oi
you'd have been largely decreased or they had been
equired to pay yearly SonPehsston IN proportion 10
&c sops wed sa % s
So Legislature I % Ssd no more or right in morals; to give
way these privileges aud deprive the OF that
Impose direct tax, Of the same pecnnary extent for
he benefit Of the persons naied in the bill am NOT
he City OF EewYork arp aware that additiohalfach
les for travel required The improvements being
in !. S pS q A @ Sssa
distauce be Travelled from the ferries and railway
nf demand and necessity for more city railroads. win
lady give my sanction TO any Just plan calculated 70
meet this requirement But hoveyer urgent and prsss,
the OF public travel cannot consent 70 give
approval 10 measure which, wbiie ~ may snu
be public violates important pubic rights
r principles or the true policy of government re.
peetly submit 10 the Senate that the just mode OF
roydng additional railroad facilities for the CITY OF
would be TO authorize the construction OF
nch roads suitable routes, with careful
equations for tho protection OF public aud oi
rivate interests. The grant or grants FOR
uch roads to be disposed of by the proper au-
horiues OF such city. az public auction, TO the
artes who will agree with SUFFICIENT security to pay TO
city the largest in gross, the largest SUN an
uay for the privileges granted or IN not at public auc-
on then such other waya may be best calculated 70
ke certain fair aud honeet disposition or the grants
pon terms which will to the city treasury their
and reasonable value An act containing such pro-
isions framed upon such principles at the same time
rovding safeguards for the general public convenience
nd the protection Of private rights, would be free
'om any imputation Of favoritism and inprovldence
nd would the tar lust retdn Tor the
sc OF the public property granted, respectfully AK,
iereore reconsideration Of the ball hsrewita returned