The New York herald., 1874-07-17
THE GOVERNORS VETO.
The New York Warehouse and Railway
Company Act Not Approved.
Details Of the Bill and the Objections
TheretO-A MOnstrOus Scheme.

TheretO-A MOnstrOus Scheme.
ALBANY, N. Y, July 1e, 1874.
Governor Dix has iiled the following veto with
the Secretary or State:-
An act to incorporate the New York Warehouse and
facilities Of New YORK. Not approved ''""e'0'.'
m n
iSrtSs % sDss s
sppsd with r''s snssisd Ssiso to
# rom
Large s sseenty DssSm. %s
Hg wne he city has layishsa millions the smbe
the opening OF streets and the bene
w Ss 3. ss e..
ss oT % sne Of her vast
wn9 are ~ slsns E dass,,r9Ss ,GSas policy
which Of pacSg sRem
IN En ,GSipy @ Is
few Of wSaa given hs biz their
s probable to the interest city and
THE LEADING OBJECTIONS
to 1t hardly fa to satisfy them that ought not 70
petual succession for the purpose OF constructing Fail
cSi aS a ee
formed under the general law one OF these rights ID
tue hu. %ss s s
hs SS s al
sr e on m ,Sa Stat, rhe rnrCad
power from public Considerations and because they
direc lines without submitting to gross extron Bun
So be BY the At Se snS %s
conferred by the closing paragraph of the third section
Si se ~ IN:
tn a @ 70 nd n or v
S%r,1 A.
the sixth to acquire, sell convey to The com.
Be 70 carry out % The oSscs and
authorized ty the agt provision as extraordinary IN
10 !. The a,n
high wh louT tracks; from point at near the Bat
ss y to ana Ss .1ses to
thence to 10 tine Harlem I'm R,ys5 by curved
81 s S1
arches e snaOss e o5
ereis limitation to the uses to which these enclosed
sass
IN % sss: s snd
eSS su Of hs S street h and h
The shs width no. spssiaea: fass im%anss %s
SSs .Hs at ss%
time within tin the a psri9d % o. tune eanred to
be performed through one oi ese narrow openings and
the the the compsns
wSud become one OF the most ecisn instruments Of
confusion which would create may conjectured by
Ps s a
sR ne s qs MIN
spsssase taroash these scnsrscied Outlets 0l
T. ss,
lowest possible cost 70 obstruct this water front,
the piers and whsrve S be sacrifice
panv organized for private proh and the eighth
taon OF the rates dement's promised to Commerce
o%n Ss sr The could sy so Smed as S
SssF t. The city it is ssnessy Of al 9" Ss
Hn S 81 e pHss and 70 the
ssS'raordary ssr provisions When the b, abounds L
is virtual declaration that Il the legislature should
State or the rights
sw s tG G s no SHay
bodnsss a. Time when special is regarded
railroad as ,S bin provides for has been suggested
"i the eonto Of ns city s%torss Or
SnS% s So to Sa sy a
to and from hs dsss 10 the !, authorized to
IN
rtss @ they may ff @
G es sod %ss % 81 as G the na
exempt from all conEroi by The cIty authorities
at ns sss h a '+4Fs'k s d s
surface in re manner provided for BY
bill, differs entirely from that OF
horse railroads. The latter leave the streets
which they entirely unObstructed ex.
cept at the moment when the passing The
cupaon by this company OF the water front is per-
manent obsruction tee to in perpetuy e bs
railroad for any purpose which may think most con-
ducive to its private profit and tins enormous
sion made without compensation except the contin
gent OF payment OF three per cent or any dividend 1t
make 10 It's stockholders.
Such a few, but by means all of the objections
to tis monsrOus scheme The authority to construct
piers and docks of not exceeding ten in number.
and to occupy any streets or avenues upon Its route
sary the construction operation OF the railroad
the other extraordinary powers conferred upon 1t.
can regard it in other liqht than
COMMERCIAL INTERESTS
OF the city and OF its business classes to private gain 1t
q striking example of abuse of the day
legislation-he creation great CORPORATIONS and the
of the rights OF individuals and the interest OF
municipalities their special benefit is difficult TO
fancy scheme more independents Of all safeguards,
ingeniousy framed to secure enormous profits 10
the shareholders more certain to impair the
mercia interests and dependence OF the city Tho
crOwnng assumption of the bill Is to declare the
pany "pubc corporation, equaiizing 1t in rank with
the government OF the city which despoiled and made
tributary it, holding the deceptive idea 10 use tho
language the courts that the only interest involved
is the public interest, and aiming to evade the legal
liabilities to which corporations created for prvste
profit are subject" JOHN A. DIX