New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-19
CHEAP TRANSFORMATIONS

,,,vo pprSYNTHD-THE MKT sEsSioN ~ "
HELD IN RICHMOND 90, r,oro.
xy.suxc1oy. Jan. 1S.--In the Cheap iian..
,,ort.ton Convention. Saturday morning. ,to1 II
mart Of the Committee on Railroads was '0'''
first states the following abuses; -, ,,o con.
-, IT, r-esant method OF undertasihs Va" s5.ond.
,,rciion Of railways without PAID up OF stock
ha.neat,op commonly known as the wssea thereby
by which nominal yane Is ,nI travel aud commerce
y. ,rc i, yslue hird the only "a of direction
ZION of the stockholders IN ano cement through which
n,h,,c and the manaGin s'o nd managing stock
TO enrich re" @ r"sent system which neceSs,alos
n.aneraiiD OF passenger anu 1880 traflc has the
same road bed in when ~ Ineccssar Tor ireighrans
rigx OF Way thus MAXIM. '.'me when they should be
,aisx nm tvothirds OF tue tno WV" my
rolling on 70 Their srs from legislation by which our
RELIEF no sem ~ RAILWAYS can be- regulated; ana sec
ond from competition wlicn "a, VIM m,ot ngn
Hinder me mead OF legislation We shoud nave I Po
,o,ns law. VirsL a national law pr0SluuS DuIo"n
lo~ns 80, aud pOrtatiOn which shall have power
~ nrescriSc a uniform system for keeping ii""r av
counts aud zach other powers o and who's niy il shall
10 10 mil an annual report 10 Congress anu sut
legislation trndne TO improve our IL penSi oiInse
Tor any nubc officer 20 accept OF use 'lo , i ",,o
any railway company ana ponipalih , S,Iar er
nes from granting rue" P'''0 '
ployes OF ca N railway. 49,. ,,,;,as sta.os in
In view ~ experience OF the Uh,e a. hnI5,n@
,nrdipc ai6 corporations rs SuOwl "a ~, ,ranf,n
OF the Pac a. Railroad we oanhot lnuoISo 'i or
of land or - b,idies In any form 10 au5 % - buiding
os.ociatoo III individuals for the purpose ' ~ sncN
- ra'I,,-r or canal; but we recOmHeut t TtioU,.i
internal iGprOvements be cOasuueVeu ~ TO he
t.oyernm,Ef the manner OF CONSTR.
~ oonrcf ca the lowest bidder that Wheh COZ r'
thew shoo.d ne Tor tine tianspo 11U terune1t
'sit nrot, ~ and when not required IO' and loco
80 XII c,,rs,s 40 have the righs 10 pace CIR ,srt
motives t.SareOn, and 10 9PvIattho GNyernuout trcy
e. ,agnlt,,Y 10 ne provided ny sue r,aii,ray
$3.50 TO-, sherefor sufficient to mantain ~ tSSf
T., ~ such road Tue 80 - tbe ones
luz nsr consideration should DO g'on ~ has s,V shown
very To- jnasmuch rs recent experience mas SNOW"
, , a. COS of constructing tAtee-ecg -'"s me
about nan ~ is about $40 OF that OF me broader
@ Tt,S Committee also recommend tl' l''c MN, MN,
sause; ~, 1,rrican Cheap Transportation Association
peIs "a a. .er several states. endeavor u OBTAIN lAe
SnIowina !. rs from their state LeglsiatuTe' ,t.
ms. A Jaw creating Board OF Railway Comms,
,naTs n. snail be clothed with power TO eSlahSh ana
,oguate "a for transporting HelSnt anu CaiS oN'l az
railroads dng business IN Tue o''g, W. ,'' cc0nts
s,c0ud \ tSw prescribing an cqliaOe system 81 PIv
Portio1ai or nC ai rtlSS pa law rcsrann
railway csagPanes from paylI lntereS' OF u'NI'!
Oost of tselr property to their stock and bond
holders. aAG compelling them 10 eApohu "'' e"'
IA aye. OF such amount aud WhAi re-
nu,res 20 Az, their roads proper repair ana pay tner
necessary operating expenses on theI moNih-' ndnN
and term - facilities for public security ana eohhen
,anoa and 20 reduce their transportation charges |hen
such facilities in perfect ana competed
Ho,ri6 Isw prohibitinE az railway companies rom
maLiny tg{yst and excessive determinations AGAINST
places wANG are not competing points IY.'
r. ohl,stI.. all railway companies to transport the
ssst ss.l impartial compensation and with
The dispatch as iae car pgonJiE 'c
leasing, 3lidatlOD or combination oil plduei ms
of road 10 which competition Is DESTROYER ahu nc
reople's d. Ways converted into inOuOpOies S'rehW
A law pruk@tDg railway companies IRON ac4ul.Ih- VI
holding real estate an j. necessary or Ae opera
ton OF their roads and prohibiting railway companies,
officers ot companies, rom engaging IN NUNS Oh
any busInc,s other than that OF transportation EJ"h
law mAlrg IL penal Oh nsc Tor any pune Ouciii 70
accept the free pass OF any railway company ana
prohbiunx railway companies from -rhnt.ns sHch
Al..Xp.p f- Al
The ColuaIftee further recommends that, III charters
hereafter auted the State reserve TIE r- 10 IeEu-
late charges and that work shall be contracted Tor
until sUiet.rt money * In the treasury 10 pay Tor IL
that the bend shall not exceed 10 per cent upon the
actual cos; aud that the capital stock shall 20, be III
creased wIf0ut authorization from the Legislature ana
when surh Increase Is MADE hae sad stock sn DC dis
posed OF a suctiOn to the highest bidder.
Judge IsslIrane OF Georgia opened the discussion
tho report - the Railroad Committee. He maintained
shst Congress has right TO attempt the regulation of
railway bn.5pess baSng MS argument upon the Consti
tuition OF IRE United States. H contended that compe
ston roush the natural water ways OF The country
must BE- ts reliance OF the people for cheap rauspOrta
ton.
Mr.. Ghegs Of Chicago followed, urging mat Congress
has the RE, 10 regulate commerce by rail between
States aud che several STATE Legislatures ne right
IN strictly tate He argued that II leesla
ton were rracted proving adequate penalties for the
violation az common carriers obligations, competing
trsnspOrt.G'un companies would inevitably BRING CON
petition IN .Teights to every railroad station in the
country.
THE PERMANENT OFFICERS.
The repor, OF the Committee on Permanent Officers
was adop,r1 The following the full lot OF the OIL
GERS:
PrcsiieHr. ahe Hon Josiah Quincy OF Massachusetts,;
Vice Presi D uts-Aabam3, the Hon Charles Pelham
Arkansas. rt,s Hon. John 7. Jones; California. GOV.
Booth: Coz rado, Col. ". II. Greenwood District OF
columbia. Sol. J. g. Bere't; Flolda, $ L. Niblack
Georgia. Gen. j. NJ. Smith Indiana. +. G. Johnson
Y. hllttemOIe. a.
Kentucky. ar e. :. Mills Louisiana. ". D. Burncl
Maryland : Archer; Massachusetts, the Hon. Charles
Francs AGsas, jr.; Michigan, NJ. ID. Miller; Minnesota
Senator Wis dom Mississippi, Gen. A. j. Na1glIn Mis-
souri thu fgSn Erastus Wells; New Hampshire, D. r.
Chase: Nev'Jersey. John jameson N-w-York John f.
Henry; N1dgdska George 4. Porter; North Carolina,
Gen z b. Vance; South Carolina NJ Lswton ,rennessee
William Maxwell; Vermont the Hon. L. p. Poland;
CKitohen; Wisconsin the Hon Matthew Carpenter.
Oregon. Dstne Clark Pennsylvania, the Hon, James
Bailey; kGnsas John Davis; Ohio. exGov. Moves
WashingtoE Territory Gen r. H. Miiroy; Texas. J. r.
johnson; Dakota the Hon. L. b. Crews Canada the
Hon. =. C. Caprea, the Hon. John ROssO and the Hon
Walker shaRdIey. Secretary, II. II. Ferguson; Treas
iureT. y. *. ypurOer.
resolved that the session be held in Rich
mond. Va. The time of meeting to be fixed BY the
Executive committee.
Senator WIndOm Of Minnesota being called upon I'D
dressed hs Convention and SAID that the Committee Of
the Senate - which he Chairman had been employed
IN gatheri.sg much information. He could not now
speak Ia what the report would be- but hat no doubt
~ "V"in u rSslaclOry dhl expressed the opinion that
II would h ready TO present 10 the Senate about Feb
Mr. Capsai of Canada spoke Of being instrumental in
oonstruccIsy the first railroad n Canada He favored
The opentn Of the Georgian Canal, from Lake Ontario
10 Lake tEcn distance Of only 65 miles which would
give ysst Facilities 10 the great Northwest
Sr ThuTber Of New York presented n scheme for fhe
IIunstruc"b oi railroad from the East 10 the West
huIa " psututoual objections 10 the Government
.uuns ss road, he proposed the consolidation of
p saSe t1arters already obtained from New Jersey
Pennsyfahia aud ONO, and that an nters,sto 49,
1eon pe riN'ned ASKING no aid from the General Gov.
slnnen. !" ceP 70 receive money which may be sub.
borOed h thc.cOnstrlctiOn of the road and the nav
neht oi n yer cent Interest upon II until enough he
suDSciptA 70 construct The first section TIE scheme
Infhcr provides for The holding IN trust OF n Nor cent
o tpe so - That n only in tine interest
~ Chth DECENTRALIZATION. II