The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-02-20
SECOND EDITION
LATEST BY TELEGRAPH
Railway Legislation at Harris
burg-Affairs in Baltimore.
Financial aud Comm erctal
FROM .HARRISBU URG.
The Fort wayne Railway LegisIatio,

The Fort Wayne Railway LegisIatiOn.
HARRISBURG, Feb. 20.-Tne following cor
TesponGence has taken place between Hon.
David Foy, member of the Pennsylvania Legis.
lature, and George w. Cass, President of the
Pittsburg, Fort Wayne, aud Chicago Rail way.
Mr. Foy has introduced an act authorizing the
owners of railroad stock to vote by proxy, and
to use and dispose OF their own property IN any
manner they see dt:-
PITTsBUKe, FORT WAYNE, AND CHICAGO
RAILROAD, PRESIDENTS OFFICE, Feb. IL, 1869.
Hon. David Foy, House of Representatives,
Harrisbui g;-The pnl introduced by you as
is so framed as to meet the wishes and aims of
the gamblers OF Wall street to vote bought
proxies: From Your conversation with me on
the subject inferred that you were opposed to
sll sucn schemes and devices, and, therefore,
am leo to believe that you have not fully con-
mplish by the bill.
Yours, truly, ETC., q. w. CAss.
House OF REPRESENTATIVES,, Feb. lS 1862
George W. Cass. President, etc.:-I amAin re-
eeipt OF your favor OF the l7th inst, asking what
wish TO accomplish by the passage OF my bill
relativeto proxies. IL gives me pleasure to
respond.
l expect to give every sockholder the right
10 vote either in person OR BY PROXY upon
every share of stock WHICH Is HIsPRoPERTY.
If as you declare. this VIII benefit the gam
blers ON Wall street" 1t Will not be the first
time that bad men have availed themselves of
good legislation.
You claim that this is a device" If 1t be a
"devioe" TO allow a man TO do as he ple0Ses with
his OiCa property, you may be right.
30 far as any change IN my Views is concerned,
l refer TO recent events. When L supported
your bill extending the lerm of tGree fourths
of your directors, IL was solely upon your plea
that 1t was necessary TO protect our State
interests. What do since find? Simply that
it was a measure urged by the directors of a
railroad company to keep the olOnerS of
their road from putting them out of
Office! Jay Gould, of New York, swears
under oath that he controls enough interest in
your railroad TO give mis- friends the m anage-
ment. IT that be go, by what right do you
attempt to keep yourself in office by legislation
against the wishes of the oIOneTS? AS your bill
destroys the right of the stockholder to vote for
his own officers, 10 not think 1t either just or
constitutional. so far as the Estate inte-
rest' plea is concerned, IL has been destroyed by
the utter failure of the Pennsylvania Central
Railroad In Its annual report, TO allude to your
road, and by the fact that parties in your lnte-
rest have secured a charter (now in my hands,
enabling Through" line 10 be run between
Chicago, PittsbuTg, and Baltimore, entirely
ignoring our own Pennsylvania Railroad and
our own city OF Philadelphia.
Your first bill has been followed by an attempt
(under the "device'' of a general law to de-
prive men who have bought and paid for their
stock from voting the same. TOE device has
been fully exposed by the legislative reporters
of the New York, Cincinnati, and Philadelphia
press
1 think that 1 have fully answered your
questions. Yours, etc, DAVID FOY.