The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-16

Protection Of the People Against the Monopolies-
An Important Bill in the Legislature
Proposed Appointment Of a Board
of Commissioners with
Extraordinary Powers

The following bill was introduced in the State
Senate on Thursday by Mr.. Adams and appropri-
ately referred:-
q 's ssd s
Sa the sa ew Ycs in
and sr As1ssO % enact Co.. ri,
'Ss
sos,sd y 70 be known and as the
road. N tie STATE Parker
Greeley are hereby named the first commissioners
sEo ss Be- the duty of tn. created
y IN: rspTsssns sss. pSossss
order garry c out the full force and intention
~: the named y 4. first section and
sa a. any ~ time they or q them shall see a. to
cOmpany doing business IN this State and Examine
e. Of Or and
pany any person rsqairins the q the road o.
IN the Of IN
terests management. control such company
the and Of the properly
y ss' sssS shall hav.
power and shall be part OF their duty hy the amount
companies doing business but shall
actually paid into the treasury Of such company by the stock
anS no such Company saaS hereafter levy rate.
Dod any this State on aV
the People Of this State requiring the Of such
other Indebtedness agreement OF such
treasury company issuing BY person
to i. S a Ss
don business IN this state to interest or dividends ON
a.feement sucn company when was issued
any asen company, which issued
road Of such company, which earnings have been
claimed to have been expended ON the properties OF such
$40. S.-when in the judgment of the commissioners
created by rates passenger
freight transported railroad doing business In this
cgulrns road, whenever the oulcers
thy M ars
such represents when and convenient
OF such then said commissioners ON the
the rates When suun Company may charge and
coec! Tor persons properly over any portion
with to determine the kind OF accommodations
shat provide public rsaufins o. SUCH roads.
the time and manner Of running all trains such
mote the ami welfare OF the pubic requiring
any rroa company doing business this State Comply
with me rates or the rules and lard
planned Of then said commissioners further authorized
books properly and raacSes Whatsoever beiSnsn or
connected the owning operating rJad
aAt sai commissioners may employ agents for compensa.
Sa - % s
the ss'eSsa ai of such
the lowing pay the expenses incurred
COMMISSIONERS expenses necessary operate and
DEM sSin
paay third to pay the amour, OF interest specified
ng bonds Of such provided always that
paid the of the company Issuing the
@ @ has mot been s 80 SSn PAID
amount actually received by SUCH for bonds
@ 1s's'' Sa @ ~'s
company and also to proy, nn9s t1%s
70 the actually received BY company
G . sas s
us the the as g
c @ % So1 o. hama and na 81 @
pay the necessary expenses incurred by the man
saA Ss saS OF ec PAY
TINS state the use and benefit Of The ops
which amounts derived from the earnings
SEQ. 6.-Notning this act shall be construed
psng Board q hereby created 70
issued through irand, or OF any railroad company
aad ay ali arising
to saa or as ao s
oil construction AMI equipment but this act shall be
power the Of this state can confer on any
' . pr
men. IN "a. State, ana to prevent any scroaSa-
the
protest travel and ne Ss,ng
dividends capital never actually expended either in the
7A Of acts permitting an increase Of
capital s.ocs or bonded Indebtedness OF any railroad
par Saae o. which was levied on and actually
al e ls s
the pyr Ssas
was Psa IA The
| son party to wnom such contract agreement was
% 5 aad pn Or %
commerce. travel interest or dividends amounting
or other Of or such com
re V rssa on v or tons oa
freight transported its road in manner whatever
la. 0e
pended by such company either In the construction or equip
$50 s:-said uommss Of Estimate and Control of
to administer oaths armatons and send
meetings their board or separately ana
pose majority OF then b may spgoa nj
force all orders or DEGREES of sa,d board.
complete report by board,
for ending the sl day Of October which report
STATE before the Otn day OF January Of each
their g act nS . and 70
ac s! ssS
ali osiaI pSpers with the BUSINESS Of SAID
may
| full elect; and said commissioners autho
provide with all the Offices and property
the convenient transaction or their business
and the salary of said commissioners
sh III their services
commissioners; and until otherwise provided, said Commits
shall determine the salary OF all persons,
other than themselves 70 this act full
| force, operation ana effect.
iIhe created by this act, their
successors shall give bonus satisfactory to the Comptroller
this state faithful honest performance the
duties hereby imposed and trusts conded to said
msoners the Of such bonds suetes be the
OF $lOU0O0 for each OF said commissioners and their
successors.
Sac lin case of vacancy caused by DEATH resignation
or inability to serve for whatever to perform
the duties hereby imposed the commissioners named In
the hst section o this act OF them, then shall
be he duty OF the Legislature to hold Joint meeting Of the
Senate Assembly OF this State, In the Assembly Cham
Der Of this State ana at the third Wednesday of jan
In each when such Ia found TO exist
their Tor such person persons they,
In their Judgment shall 1T to I'LL the then exist
dinan