New-York tribune., 1873-05-27
ACTION OF THE COMMITTEE OF FIFTY.
THEY ARK OPP SID TO LEGISLATION IN THE INTER
Est OP THE BRIDGE RING


Est OP THE BRIDGE RING.
The Reform Committee of Fifty of BROOKLYN
held meetiAS on Saturday evening last ut which the
following remonstrance to the Legislature against the
passage Of Assembyma J4cobss bill in tbs interest Of
the Brookyn R.Ig framel and tho appended rcso-
lutions adopted:
THE REMOSsTRANCR.
To The Honorable He Senate and Assembly Of The STATE or
GeI0-York: TIE Committee OF Fifty claiming Do In
hearty sympathy with the majority OF taxpayers
in the City OF Brooklyn, would most respectfully emon.
srae against the passage Of the bill before your
honorable bodies, entitled "Aa TO amend an act TO
incorporate the NegYOrk Bridge Company for the pur
pose Of constructing and maintaining bridge the
East River between the ClLies Of New-York and
Brooklyn"
The vast sums OF money already paid by Drookiyn in
this encrprse-Jur inIJility to ascertain what ad-
dtiona will b. required to carry this work 70
completion, the vague aud conflicting statements OF the
Bridge Direction respecting the amount OF such suns
the growing distrust la midst OF the present
direction, the tax-ridden condition OF people. and
the daily developments Of municipal responsibility for
alleged invalid local assessments all seem to point to
the prophety OF palsins before incur any liza.
biltes and TO admOuisn 10 consider well how and
when and where such additional OF money can be
ralseL II is further submitted whether the closing
hours OF t4e Legislature a fitting opportunity to In.
trcGuce subject of Importance and main
tain that no harm can arise from allowing this whole
subject to stand over m another Legislature especially
ample provision Is already made for the vigorous
prosecution o. tie work the time. We especially
desire To call attention 10 the fact that the New-YOrk
Bridge Company private corporation. Of which, It is
true Eroodyn Is a stOckhodrr. and reason
why individual stockholders should be relieved from
their legal Liabilities in this Company any more than
they should be relieved Ia other private cOrDora
ton. We therefore pray that al legislation tending 20
increase the liability OF Brooklyn a stockholder Of the
New-York Bridge Company be deferred until the sub
ject can be fully brought before the people.
Z. I. BACRHoUsE, Chairman.
Brooklyn, May p, 1879
TIE RESOLUTIONS.
Whereas. The members OF tns Committee have noticed
the Introduction OF bills IL the Assembly aud Senate Of
tine state having Tor their purpose release or the pr
yate stockholders and anagrs of the Eew-fOrk Bridge
ConpanJ fiOm pdYuE ~ taer subscriptions 70 the cap-
tal stocE oi sdd Company dnd 10 repay 70 them pOr
uon or al OF the money already paid 10y them WIN IN
lerest o. he same; aud further providing that tue
MAYOR ~ the CITY O Brooklyn shall hereafter appoint
majority OF tine Directors VI saI Company, all OF winch
the cilzcn generally ana the members OF tLi' Commit,
particularly look uuwise. AMI
preiudIcial to the interests OF the CITY; and
Whereas, Tue City of Brooklyn subscribed the sum Of
10000 20 lie enterprise only upon the cOndtlon that
sJOJOOO should be s subscribed Dy private ndlyduas,
directors and 10 pr ceut II tha amount was 10 De ahd
pay It's sLlineus simultaneously wiki the said private
stockholders ana managers
eighty sO per fiO0OOO OF her subscription and
the sld managers have nOt pad IN similar per cent on
their subscriptions, Dut largely in arrears on the
same;
Whereas There is provided for and uneKpended
about the sum OF $500 co.. aud there will be on hand
ABOUT the OF SJOO OOO when tue next Legislature
shall convene securing enterprise against any posi-
b. e stOppage flr want money; therefore De II
ReS0t5ed TAat the Citizens COnIultLee OF Fifty do
must respectfully aud urgently request and petition to
honorable Of this Legislature not % entertain
or paAs any Affecting TIT Now York Bridge Company
excepting winch sua prOvde FOR the cullerton
subscriptions Ia arrears VI payment, and the appoint
II L All
PERSONS and papers, aud examine lnsO the management
vi The drIrs the Company from rs commencement
ReSOred. That money refunded or Interest pdld
10 the said private stockholders and managers VIII De
money taken IOin payers OF Brooklyn ana New
York and that any such rounding and payment %
money violates express conditions upon NLncn tho
CIV of Brooklyn made It's subscrip Ion.
Resor,d That copies OF resolutions and the
uOustruuce OF this committee 70 the Legislature upon
the same subject be printed IN all the newspapers OF
BrOOklyn and New-YOrk, and the same sent " each
member Oi lAe Legislature.
L. r. BACKHoUsE, Chairman.