New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-27
THE CURRENT OF LEGISLATION.

RAILROAD MATTERS IN THE Sl.NATE-OPPOSIIION TO
THE PROPOSED INCREASE or CAPITAL STOCK by
THE MIDLAND RAILROAD-THE UsCRY LAws-A
BROADWAY RAILROAD BILL REPORTED IN THE
Observation-Disclosures OF QUARANTINE CON-
MIssIONERs.
IYROH THE SPECIAL CORRESPONDENT OF THE TRIBUNE.]
ALBANY, March 2G.-In the Senate this morning
ise Railroad Committee made unanimous report
against Mr.. Churchs scheme for rapid transit rail-
road TO be built by the City of New-YOrk Mr. Tie
mann moved to disagree with the report of the Com
nittee and refer the bill TO the Committee of the
Whole but the motion was lost by vote of to -.
The adverse report of the Railroad Committee was
then agreed to and the bill killed. petition was
presented by Senator Madden of 60 citizens and tax
payers of Waikiki, Orange County, in opposition to
the passage of the bin authorizing the NewYork
and Oswego Midland Railroad to issue five million
dollars of new stock for the purpose of extending
their road along Lake Ontario to ScipiO in Niagara
County. The bill has passed the Assembly and is
now In the handsof the Senate Railroad Committee.
delegation from Orange County have come here TO
oppose the bill. They allege that the proposed
new stock will have no market value and but little
real value and will be issued to contractors at a
large discount and ultimately made use of by the
present management to the prejudice of the stock
now owned by the several towns which have
bonded themselves TO build the road. The Com
mttee will not act on the bill until some time next
week. as Senator Foster a member of the Com
mittee and director OF the Midland Company, Is
absent from the city. The bill to regulate the rates
Of passenger fare the Erie Railway was passed
by unanimous vote, after being amended so as TO
allow the Company to charge three cents per mile as
amaximum. instead Of two cents as fixed on Monday
evening. Mr. Tiemann introduced a BILL TO which
r.. A.. Co. Hcrc r,aA
through Thirty -fouTth-st. Mr.. Baker presented one
extending the time FIVE years for the completion Of
the Boston, Hartford and Erie Railroad
Mr.. Winslow's bill 10 modify the penalties for
violation of the Usury laws was ordered TO a third
reading. The bill provides that the borrowers can
recover only the interest Illegally exacted. On mo
tion Of Mr. Allen. amendment was inserted which
limits the time within which an action can be begun
FOR the recovery Of the oyercharRe to six months
after the loan has matured and further provides
that no can bring the action except the borrower
ms heirs or his legal representatives. Mr.. Winslow
made able argument in favor Of his bill in which
be showed that by the universal custom of banks
more than seven per cent was realized by them Oh
their loans. Messrs. Temaun, ID. p. Wood, and
Woodn also spoke in favor Of the bil while Messrs
Benedict, Madden, and James Wood strongly OPP
posed any change in the existing laws II is next 10
tlhposhlpIe tnat MI WILSON'S bill pass the As
senbly, and far from certain that il will obtain the
requisite IA votes in the Senate.
The Assembly spent the morning session in third
reading of bills. The bill setting apart the wbaryes
and slips north Of Grand-st, East River for the ex
elusive use of oystermen was defeated A bill
authorizing the Boards of Supervisors Of the various
counties to fix the rates for printing the session laws
In the local papers said rates not 10 be lees than 30
cents DOR more than 50 cents per folio was also de-
fested.
The Assembly RailOad Committee reported for
Consideration Geo o. Joness bill for horse railroad
UHionAquare, with branch roads through FultOD-st.
Aaidsn-lane, Wall, Cortlsndt. aud other streets
IN Broadway from South Ferry to and around
The bill provides for compensation TO the owners Of
aase lines running through Broadway, and Limits
e farce 10 such rates as viii enable the company to
aebS running expenses, keep tic stJeets clean