The New York herald., 1869-03-18
NEW YORK LEGISLATURE.
iENATE.
ALBANY. March Il. 1859.

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SENATE.
ALBANY, March n, 1869.
REPORT or rnE RAILROAD COMMITTEE.
The Railroad Committee, TO whom was referred
the subject OF improper issue Of stock and scrip by
railroad companies, and 70 propose better protec
tion to bona Gde stockholders, presented report
and evidence In connection Herewith.
PROPOSED AMENDMENTS TO THB RAILROAD Law.
Messrs caxrSELL I,i and and MosnAs ,,. proposed one
GENET and GRAHAM another, and Mr.. PARKER q
third. Messrs Campbell and Morgan proposed the
following .
That subdivson 10 Of section - of the general railroad
lay be amended 50 a. a. to read =. io'ows;-
ssss. ss a, s..s,
mosass Their sorposas s.s i .
for the PURPOSES Aforesaid and company
holder Of bonds .suei oe money
thereon into stock compsny any si.sr the OK:
.ssS regulation: u. director. may II adopt.
may g. converted shall 5on this section
al
smonn. which, together with the capital stock scnay Is
ter, unless such Issue shall be sanctioned by vote Of
ss @ s aSaS Ssp1 o o ss
company public mss.ins called for iha, such
writing to each stockholder person
and directed 70 him al The post once bis usual place
o rs;dsncs and by paSsns To: same Il STATE paper
notice shan state the time and place Of such meeting the
AMI purposes 10 which the money shall be applied
The amendment proposed by Messrs. Graham and
Genet differs from the above principally thar no
scrip stock shall be issued without the consent OF
Mr. Parkers amendment prohibits the issue or any
stock with the INTENT directly Indirectly, Affect
the market price OF the bonds or stock OF the COM
pany for speculative purposes. ANY violation of
alNu
able by hne not exceeding 100000 or by irpris-
ment not exceeding one year, or both
THE LUNATIC ASYLUM COMMITTEE.
The President appointed, as the committee on the
part or the Senate to investigate the Utica Lunatlc
Asylum, Messrs Nichols, Tweed and Parker
To allow Hamilton village TO take stock in the
Clinton Railroad.
on motion OF Mr.. Creamer, the bills reported by
the Railroad Committee regarding the of bonds.
were made the special order for Tuesday next.
Ayes, IA; noes Is.
BY Mr.. STANFoRD-Abollshing the contract system.
Ordered to third reading
BY Mr. PIERcE-widsning Vanderbilt avenue,
BY Mr.. CREAMER-Incorporatin the stuyvesaut
Savings Bank OF New York.
BY ME, CAdwe-Establishing the fire limits OF
BY MIR. Misunderstanding the charter OF the
By Mr. GENET-To prohibit the use OF steam on
Second avenue New York.
THE EXCISE BILL.
Mr.. CREAMER moved that the Committee on Inter-
nal Affairs be discharged from consideration OF the
Excise bill and 1t be referred TO the Committee OF
the Whole Tabled.
Recess.
Evening Session.
The following message was received from the
Governor
thorize the appontmen Of rrssidsn. tJo,s Of the
s'fas .', ana 1..ns as s'%s
be only By he resdsns Of se Bos s
sa a sr Il. 70 e
difficulty caused by his sickness and absence necessary
dis
de- asss s9s y z 'sisssass s:
op ,sS n rssn, no Where but Ii e ss
tion. when three only are c.pabs of attend
luton for. the appointment Of prssidsn. pro
81 m nas $
becomes law either one Of the three Commissioners
OF IL. nes
The bill does not Therefore meet the diicuy occasoned
ydns its tile ndicstes for the appolntmsat Of apr.
ssn s s sss ons
hs nS two sssscsss q. Sn sys and 10
yhoe machinery and business Of The Metropolitan reice
HE message was laid over for consideration.
BILL IN RELATION TO THE CENTRAL RAILROAD.
Senator Pearce has introduced the following
BILL
oficers o. the New York Central Railroad Company
ssowlssss % thereof and any director Of said company
Ss own a' private benefit Or to s.taad s,acsSoders
% Supreme Court ier removal q any .ash Srsstsf
take such other action regard to sad and s
properly may be deemed necssay to protect the Interests
SEC The New YORK Central Railroad Company is here
rsascsion q DC state ali pros.. y
on o S over q ON he
capital stock OF the company during the period n which
declared and paid on The stock Ot me company
4 as, s % aS
section and TO apply to the Supreme Court to appoint re-
when 'sss ss
., q % hfn oen r.aud ~ Be- pas M
Treasure FrsssaTer. - ' " : - ! : -
BILLS INTRODUCED.
BY Mr.. HALH-Relative to the procurement OF
abortons ana other like offences.
BY Mr.. Tw.ED-To incorporate the American
Museum OF Natural History, OF New York.
By Mr.. CREAmEn--I,eiative to the acknowledgment
OF deeds and other instruments relating 10 real
By Mr.. PrARcE--ReIatlve 20 the New York Central
Railroad Company
Revising the charter OF the steam ferry between
Brooklyn aud Mott Haven; Incorporating the New
York Seamen's Association, Incorporating the Har
lem Yacht Club. The bill supplying the deficiency IN
the state Prison appropriation was ordered TO
third reading.
Assembly.
ALBANY, March IL 1869.
The Speaker announced as the COMMITTEES on the
part Of the Assembly 10 investigate the afialrs and
management OF the State Lunatic Asylum oi UTICA
Messrs. !. 9. b. Davis, Gould, Kendall Flagg and
Patrick.
The Speaker presented the annual report OF the
State Engineer and surveyor.
REPORT or rus aovRRNoRs or THE NEW YORK
HOSPITAL.
Tho Governors OF the New York Hospital. In re-
spouse 10 resolution OF the Assembly, report that
thev have sold or leased the ground on which the
hospital II located and tue building VIII soon oe re-
x.as,aIor o. cas-