Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-01-14
CHEAP TRANSIT.
TIE BIZ OF Representa- i've Hurlbut
Chartering a DOubie-Traek Rail.
road Company
From Council BIafs to New York with
Branches TO ST. Louis and Chicago
A National Highway.

WAYS and canals. The first section pro-
vides for corporation. a blank is left
for the names of cOrporators, and the
purpose and object of the corporation are
declared TO be TO locate, control and
build and operate railroad, for freight
only. with two tracks, from any conYen- !
lent point on the Hudson river, or b2yl
Of New York, to the city of Council
Bluffs, Iowa, or TO such other cOnveu- !
lent point, on the east bank of the Mis-
souri, river, in Iowa, as shall offer the
best connection with the system of rail- !
roads west of the Missouri river. The |
line Of said railroad shall be established |
on the most direct and practicable |
route between said teTHlili and |
consi tent with the requirements of /
commerce and proper accommodation |
of the largest number of people within /
reach Of the line. The construction Of |
the road shall be commenced within one |
wear from the passage of this act, and /
the line completed within three years |
thereafter. The capital stock of the |
company shall not exceed one million |
three hundred thousand shares of one |
hundred dollars each-the powers Of cor !
pOrstion TO be invested in a board of di- /
TectOrs, consisting of not less than thir- |
teen nor more than twenty-one persons, |
who shall be stockholders. Surveys Of |
the line sf the road shall be instituted |
as soon as practicable, ard diligently |
prosecuted, and the line established and /
adopted as nearly on an air line-between |
the terBJHli named as the topography of |
the country will admit, with due regard |
10 the economy OF construction; and the I
times fixed for the commencement and 1
completion Of the work shall be deemed |
and held IS conditions in law for the /
continuance and life of the charter. 1t !
Is required that the road shall be laid /.
with steel rails, or sOlid-headed steel |
rails, Of Lot less than sixty 1
eight pounds weight to the lin
ear yard; and the entire road to be
constructed and operated in the best
manner. Besides branches to ST. Louis
and Chicago, the corporation is author
iZei 10 construct such other branches as
in the judgment of the directors may
answer its purpose; but not more than
two branches shall be made on the same
side Of the main line in any one State.
IN case il shall be deemed advisable to
purchase, lease, or otherwise acquire,
any line Of railway, whether constructed
or not yet established under State char
teTs, or several laws, as a portion of their
main line or branches, the directors are
authorized 70 do 50. But in all cases the
consent OF the legislature of the State
granting the charter shall first be had,
expressed with form of law, unless such
right shall be already recognized in the
charter Of said State railroad company.
OF by the several laws Of the State. The
corporation is to have power to acquire
by purchase, gift, or condemnation, any
land OF real estate that may be ne
cesssTy for their purposes. The
road is declared and constituted
a public highway and pOytrOad, and
s5arXl nBJd P6jtss; hBBstaf, 'niHitafT9ys, f9sftd and
teiegTapnic. The company is author
lied 20 construct ana maintain tele- /
graph lines and sections as part of its
franchises, subject to such rules and
regulations as congress may by law i'm I
pose, fixing and restricting the charges j
OF the company for the use OF said tele- '
graph by the government and by pri- {
vate citizens. One of the sections pro- I
yides that bulk freight shall be deemed I
TO include any and all articles of freight '
which are or may be placed in the car g
without packages by the shipper, with I
out handling by the railroad company, t
aud by the carload, and especially to c
cover and include coal, grain of all G
kinds, provisions not in packages, lum- {
beT, ores, metals, and live stock for the /
market; and as to all such freight re- q
Ceived on the cars without handling by '
the company in loading, the maximum q
rates Of freight allowed to be de- q
manded, taken and received by the r
company shall be at the rate OF five d
mills per ton per mile, for all distances g
exceeding seven hundred and fifty o
miles, and at the rate of six mills per {
son per mile for distances less than sew &
en- hundred and fifty miles, and not ex- +
ceeding six hundred miles, and at the f
rsF D
less than six hundred miles, and more t,
than four hundred miles, and at the rate ]
Of eight mills per ton per mile for dis "
tances less than four hundred miles, aud o.
not exceeding three hundred miles, and D
81 the rate of nine mills per mile for dis X
tances less than three hundred miles lc
aud not exceeding one hundred and fifty d
miles, and at one cent per ton per mile 81
for distances less than one hundred and A
fifty miles, provided that in the winter q
months said corporation shall be entitled X
10 the addition Of one mill per ton per W
mile 10 said rate, and for all other in
iteights not Included in the term "bulk in
iI6lghts,n at such maximum rates as pT
shall be fixed by a commission, to be ca
appointed in the manner stated; pro- to
yided that as to the cars or trains of cars ca
loaded with live stock, shall be entitled co
to fair and reasonable extra compenss- in
ton for delay and stoppage Of cars, and Js
the extra labor Of handling, where such w
Of cars or trains, or unloading &c
Of stock from same shall be necessary for en-
the proper caring of animals, and COM cl'
plisnce with the spirit, intent and mean it
ing Of the acts Of congress in said nc
matter, such fair and reasonable tic
com pensation to be fixed by the COM riC
mission created by this bill. A com
I'D. y,f Ervor 70 ogfot1fol,.l I
hree Of whom is to be appointed by the gu
President, by and with the advice OF the If
ienate, and two by the company, which =
.han have fnll power and authority TO ha
.lassifv freight and fix the maximum of SCI
-iIarges on each class Of freight and on II
Zach article other than those herein be
lefOre specified before specifically set mt
orth, who shall reduce the rates OF TIN
Teight on articles not herein enum- leg
rated as nearly as can be IN proportion Al
4 the reduction herein made on bulk thi
reights from rates in force on the great mi
ast and west through-lines on the first me
4 January, 1874. The United States, see
d consideration Of the requirements OF LO
be bill, guarantee an interest at the Au
ate Of three per cent. per annum, pay pre-
ble half yearly upon portion of the tee
ost of construction of the main line Of rel
be road, but not to exceed in aggregate Of see
- thousand dollars per mile of
IN -, - soId or dienosed Of bv tbe len
ompany except for cash, and not less n.
nan ninety-live per cent. of their par ~ ~
alue and shall be payable in the city ma ma
New York, both principal Rnd inter - -
s.; a sinking fund Is to be created TO > =
the United States, etc. This -,
harter and all privileges therein con- VIZ w
sined, are declared to be subject 10 the ~
OntSOi Of congress as to modiica- ~
Ons, alterations or repeal Of the same. - -
representative IVOodWorth, OF Ohio, In ~
oduced bill which was referred to the I1io ~
Dmmittee on railways and canals, es- Gu GU
q bureau of TRANSPORTATION, uas
al to regulate the management Of rail-
'ad and transportation companies en- I
-oyed in Interstate commerce. IT the
'oposed among other things to appoint yer
le c4Ii L.ll lsslonsr ana iour assistant bur
these officers to be an Gin,
Ointed by the President by and with al Z
1vice and consent of the senate for tbe bod
nm OF hye years. They are required Gov
give bondsi the commissioner in the Ths
m Of one hundred thousand dollars. nel
I'd the assistant in the sum of fiftv ord,
ousand do, ,ars, for the faithful pef- he
rmanceof their duties. The commits Wh
Dner is TO receive a s2laTy Of six thou qua
nd dollars, and the assistant four sucl
Ousand dollars per annum. Tbe bu- tina
au is 70 be attached 90 the intSricE as tha
flment. The commissioners are pan
gu-N. .arN