The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-05-17
NEW YORK CITY.

New YORK, May 1G.-The colored cili
zens, yesterday, celebrated, by parad
and mass meeting, tho anniversary OF tn
passage Of the Civil Rights bill.
The international Peace Congress, las
evening, resolved TO invite statesmen ant
publlcists Of Europe TO preliminary
meeting TO be held here, Sept. 2S, TO con
suit upon the best method Of preparing |
code Of arbitration, and the most prom
ising measure Of procuring It's adoption BY
the different nations.
Geo. VIM. Curtis will flll the pulpit il
the Unitarian church, at New Brighton
Staten Island, during the absence oi thC
pastor In California.
VIM. n. Tweed, to-day, pleaded nO
guilty ON fifteen new indictments found
February 20, rcserVing the right, how
ever, to move to quash.
ALBANY, May 1G.-The following Is the
concluding part OF the report made in the
Assembly by tho Eric Investigating Com
mittee
No law that the Committee can recon-.
mend at this late day ol the session will
reach the entire case, but they will take
the liberty 10 suggest that In their opin'
ion, the relief will be found In some CO.
lightened system, of general railroad leg.
islation regulating the rates OF Transports.
tion, prohibiting the issue OF fictitious
stock, and Furnishing with heavy penal
ties the misappropri0tion Of the funds Of
companies by the the managers thereof,
whether to their personsl use, or to cor.
ruptly influence legislation affecting their
interests. There should also be enacted u
uniform system for the keeping OF railroad
accounts and the manner Of declaring div.
idends, so that while on the one hand the
stockholders may share in the actual pro.
Gts, on the other hand the obligations
OF companies shall not be increased from
year to year by loans TO make good ficti-
tious statements OF the net earnings. On
one subject ut least, your committee be.
lieVe that legislation should be had with.
out delay. There is now under tho exist.
ing statute absolutely no security 10 the
stockholders In regard to the leasing OF
one road by another A majority Of tdu
board OF directors may, without the con-
sent OF their stockholders, lease for such
d period ol years and upon such
terms as would be equivalent to the
consolidation Of interests. Your com.
mitIee believe that some proper re-
strictIon Is necessary not Only to protect
the public, but the railroad interest itsclI,
and that the law should not apply to one
railroad alone, but that it should be.genGr
al in It's scope. They have therefore pre-.
pared and presented with their report a
bill regulating the leases Of connecting
roads, and prohibiting the leasing Of com.
peting parallel lines. The bill Is entitled
an act TO regulate the leasing Of railroads,
which provides that such leases may he
made by roads entirely constructed,a and 10
immediate connection, and continuous line,
but not Of o parallel or OF competing
lines. Stringent provisions are then made
as to how the lease shall be effected which
requires that the agreement shall be sub.
mitted to the stockholders Of each com.
pany at q special meeting for that pur-
pose, and ifthree.iourths Of all the stock.
holders ballot in favor Of 1t, the lease shall
become valid.
The Senate has adopted resolution
that the Governor appoint q committee
to make a full investigation into the mAn.
ner the College Land Grants ofthe State
Of New York were disposed OF by Ezra
Cornell. ..r
Tho assembly has resolved to adjourn
sine die on the 93rd inst.