The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-07-17
(loy. Djy,s Veto.

Gov. Dix has filed the following veto
with the secretary of state;
An act to incorporate the New York
warehouse and railway company. and to
improve the commercial facilities of New
York not approved. Approval of this
bill is urged by large number of respect
able business men in the city of New York,
chiefly upon the ground that for want of
sufficient facilities for transhipment and
storage of merchandise in the immediate
neighborhood of the docks the city is rap
idly losing her ascendency as the national
mart, while other cities better supplied
with such facilities arc enabled to carry on
their commercial exchange at Chicago
rates, and are thus Withdrawing from her
large portion of her legitimate trade.
RThis fact has recently become well I'M
derstood, for while me city has lavished
millions on the establishment Of parks,
construction of boulevards, and the open
ing of streets and avenues for the benefit of
uptown property holders in advance of the
demand Tor such improvements, her docks,
with the facilities necessary for the accom-
mediation of her vast commerce, have been
almost entirely neglected.
1t is natural that those who are suffering
through policy are mistaken in It's purpose,
as it is disastrous in its result, and should
grasp at any project which holds out a
promise of placing them on an equally
favorable footing with their competitors in
business in other cities, and yet it is be-
lieved that very few of them would have
given this bill their approval if they had
looked carefully into its details and calcu-
lated its probable consequences to the in
tcrcst of the city, and ultimately to their
own interest. The statement of some of
the leading objections to it can hardly
fail to satisfy them that it ought not to be-
come a law first. The first section creates
corporations with perpetual succession, for
the purpose of constructing railroads,
and confers upon it all the rights,
dent to the railroad corporation formed
under the general law. One of these rights
is that of taking private property without
the consent of the owner, the company is
thus endowed with the right of eminent
domain, most Objectionable of all forms in
which power can be conferred by the leg
islaturc on Il corporation railroad. Com
panies in the interior of the state were
clothed with this power from public con-
siderations, and because they might be pre-
vented from constructing their roads ON
direct lines, without submitting to grave
eXtortion
But such power is unnecessary M cities
and ought never to be granted by the legis-
lature. Power is again conferred by the
third section in terms, the purport of which
cannot be mistaken Besides this power
the company is authorized by the third Sec
ton to purchase property useful or neces-
sary to carry out its objects and purposes,
and again by the fourth section, and as if
this was not enough, the mayor, aldermen
and commonality of the city is authorized
by the sixth section to acquire, sell and
convey to the company such real estate
as may be necessary to carry out its OBJ
jects and purposes authorized by the act, a
provision as extraordinary in its purpose
as it is indefinite in its scope.
Second-The company is authorized by
the fifth section to construct an elevated
railroad at least fifteen feet high, with
four tracks, from Il point at or near the
Battery, along the Hudson river, TO point
to be located by itself between 10th and
1G1st streets; thence to the Harlem river
by curved line, thence to and along the
East river to the place of beginning. In
case the railway is constructed upon arches,
it Is authorized to enclose them for ware
house or 'other' purposes. Under aterna-
tive purposes there sno limitation To which
these enclosed arches may be applied under
the provisions of this section.