New-York tribune., 1874-04-23
CHEAP TRANSFORMATIONS.

THE PROPOSED FREIGHT HALLWAY fhOS INN Al
LANTIO TO THE MISSOURI REPORT OF THE
HOUSE COMMITTEE on RAILWAYS AND CANALS.
WASHINGTON, April %. - Representative
Hurlbut from the Committee on Railways and Canals
to whom was referred House bill No. 1,l9 to charter
double-irack freight railway company from tdewater
on the Atlantic 10 Council Bluffs the Missouri River
and to limit the rates OF fare made report yesterday
After considering at length the material facts IN the
case regarding cost, etc. tho Committee submit tho
folio wing considerations:
The line proposed with its authorized branches and
connec Ons will reach and affect large masses OI pOpu
laton now separated by distance and cur sos
each OF which masses OF PopuLaomn "a s Of
81 miles, the main trunk OF the COhtiIehtdl loSu VIII %
connected with the lines OF ROAD when seek e,T ~
eTn paesoge through the Hoosac Tunnel as well as the
line proposed TO the Hudson River at PeeksAil
me ROAD proposed is not an attempt force line
ot ra1ay tbrou g new and uudevel0pet country. 1t
passes directly through the rcnesg anu mos.
ance from the Ohio River and the lakes as TO cause the
local productions OF that zone 10 seek
the railway at It's hXod price, ratheI tnau " "Ae Va
s. The line accommodates itself to the exs ting cur
rents of commerce, currents WAch owe the IAiss,
TO permanent causes, and which, In the judgment OF
your Committee, not hkely to be materially anecVeu
T. il IS reasonably certain that no private corporation
can be formed in this country which % undeftake ana
uerform the same and operate the road at the low
rates fixed by the bil simply as private enteIpiise
ana upon their risk, without Endorsement from INC
| g. Not the least among the merorious propositions
involved In this enterprise s the reodelihS tus pIusJn
| cumbrous clumsy, antlquated, and useless expensive
manner of handling grain ana OlAef piOIucts ia 49,
York City, manner so fun OF delay ana cost as 70 nav
| driven already large portion oI inc bISIn Haio "
| Boston, Philadelphia, ana b1lnhOIe, Hnelc P4Ot,,t
mechanical Iacities % ior tGcc9S t cSn With
the great commercial emporium In TINS cAeap DdseS''
| The following is a condensation OF the bill reported
| by the Committee:
The 1st section of the bill Gxes the termlni Of the
road and imposes condition that no grade eastward
shall exceed 30 feet TO the mile and requires the coz
strucOn 10 be begun wnn one year from the passage
OF this act and Its completion wtn three years theie
after. - .. = I,
Tue 3D. 3D. 4h and oh sections arc on matters OF de-
The 9th section provides for surveys and that the road
shall be constructed nearly possible Oh an air me
Section fixes the character OF tne rails ana constfHc
| ton. ~ . c,!.oo
and ST. Louis, and gives authority TO construct olnt
branches exceeding two on each side oil the main
| line in each State. -.
Section permits the purchase OF other railways, but
requires the consent OF the State charcrnS sd rpiu
before such purchase or consolidation shaI 20 uto
Sections 10 H. Ia. aud 10 contain PROVISIONS Ioi Gun
| sideration of the right OF way. Observation-Disclosures, -, 49,,
Section Is declares the road public highway and
post road and gives the right to construct telegraph
Section ie compes the reception and Transportation Of
freight IN order OF delivery at reasonable rates
Section II compes the acceptance aud transportation
of cars any company individual, OlDlds unCue
preference ana requires service TO De performer III te
order OF delivery upon iar and reasonable rates. 10 Oe
Section IS defines Dulk freight" to include all art
freight not in packages placed IN the cars Oy te
simmer without handling by the railroad company ana
by the carload and specifically ennumerates coal gram
of all kinds prOylsOns not in packages lumber ores or
| metals aud live stock for market aud fixes maximum
rate not exceeding five mills per ton per mile IOr uis
ances over $50 mlleswh sliding scale gradually III
creasng the rates with the shOrtness Of the hau-and
adding mill ton per mile Tor the WINTER mOntn
and that rates for all other freghts snail
be liked by u commission The proposition OF the com
pany mills per ton in Summer and seven mills III
| Winter
Section 10 provides for the appointment OF commits
sion OF tYethree be appointed by the President aud
| two by the company-to classify freight ana NIX me
charges thereon to articles not above enumerated
In all cases majority OF the Government commissions
ers is required, and the Commissioners shall be pald
fixed price for their services by the company. inc
section provides severe penalties Or Dreach VI
| duty by the Commissioners.
Section requires that prior to any ala being gwen
by the United states the company shall satisfy the
proper officers that they own or lawfully CONTROL by
Hudson for the terminal face5 Of the road anu for
proper dockage, PIERS warehouses, and elevators.
| Sections "a and 20 provide the mode or giving guar
antee of interest the bonds OF the company aud de-
company favor OF the United States.
Section provides for reserving out OF the earnings
of the company and paving over 10 te United states
| annually "A sinking fund OF Que million dollars.
Section 70 gives the right 10 DorrOw money and give
mortgages trust deedsithereiOr subject however in
all the prior mortgage existing in favor Of tho
United States.
Section 26 is formal aud regards details in relation to
| such borrowed money.
Section a provides inspection OF all books pa
&c.. ana for quarterly aud annual reports to Congress.
Section % provides iOr exchange OF freight to
and from connecting interSeetng railroads, rates
| disputed to be fixed by arbitration.
Section 20 preserves the power In Congress TO CONTROL
| alter, modify. or repeal the charter.
The bill Is submitted with tins report TO the House of
Representatives for informaton not for present action