New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-12
TIE RAILROAp CONTEST.

SPEECHES BEARD N Favor OF NEW LEGISLATION.
IsRoM tIE REGULAR CORRESPONDENT OF The TRIBUNE'l
ALBANY, March 1.-THE Assembly Railroad
Committee continued this afternoon the exhaustive hear
ipg It has gwen on tie Hepburn Committees bill for
bidding discrimination in railroad rates during
the week Most OF the manufacturers and railroad men
who have appeared before the committee in opposition
e. the bill had departed for their homes but there still
remained Cbauncey NJ Depow and James II.
Rutter for the NewYork Central. The day had
been set apart by the committee to hear tue
friend o. TIE bill. There appeared IN It's D'hhh A.
Barton Hepburn, chairman II tine Hepburn Committee,
smou serie tie counsel for the Chamber OF Commerce
before the Hepburn Committee who conducted the case
f che prosecution agains the railroads during the com
rp,ttee. i.vesgation and T. B. Thurber representing
TIE BoAid Of Trade and Transportation OF New-fork
The opening address in favor OF the bill was made by
sinrn riene OF New-York, appeared for tho Chamber
o. Coume ce and said that he thought the commttee
s6onlI ray some attention TO the mass OF testimony
aud the elaborate report that was presented Tor tle
apprOyal by the Special Railroad COMMITTEE. ne tyn
refecd 10 the speeches Of Messrs Rutter ana Blanch
ard and 10 the testimony OF Mr. Goodman reia,ine 10
specie rates He charged that the railroads hau COM
10 He'd the persons who had appeared against the OIL 10
rome au3 that they would DE ruined II thls D paeu
he that he was NOS surprised that there were
tbOu.s,a persons here against this bill
r. Thurber mode long address IN favor OF new leg
fs'ston He spoke III part as followsi ,
In behalf OF the commercial ana prodnclne classes
forms N railroad anagenent, desire to present lew
points icr your consideration A., .,,.o
has been several eXered 10 de1at what ought
TO right OF every eli zen namely; the inyesuga
eKstence alleged diserimpations was spec neal y
o,nlec ~ me ne, fh"rongS nvestgStiop the
Legislative Committee reported that the charge
thai the railroads OF this State discriminate
against Inc citizens Of the Stafe and in favor OF western
and foreign producers was uly proven oy the evidence
When after eight months investigation by able and
conservative committee, carefully drawn bils are pro
tfSese wis me railroads instead OF endeavor-
Sns to comply with the requirements OF these
for changes their methods OF management Try to de-
feat all action, and by e1aggerang ana msrepresent
ing tbs probable eject 81 vac D' Work upon hs ieas
OF manufacturers and compel the attendance at Albany
n opposition 70 hese bils most OF whon nave
not studied them ana wtO are reaiV IN aNOr VI IusV
what tbs bu provides, namely, equitable rates mol DC
pendrn uu9n ,ne sVuII , ny tb IS of IN" pe
sons who these hills, aud Is well 10 see how tfur
fbs churcels Ny attention tlrst called TO the sub
3eet of rIIOad Discrimination by me complaints OF we
sgTeultural classes. who alleged thai tnen products
were cbatgsd too much Tor transportation to market ms
compared with those OF western competitors;
aud also the smah' cts g@% n of The STATE
c,n,siucd thai when they bought goods IN NeW-lork
they were far iTonsportng lie same nd OF goods
sane distance providing bulk was broken, ana theY
nasscd thrrueh the hands Wholesale merchant at an
To ssssi Them in remedyng this state OF thngs.
New-Yotk merchants began looking into IT, and soen
Inade no cur minds that IN addition TO our Interest as
Inerchnts there was great public principle nvov,d
, rSn the principles OF equality and publicity
Ar r.illnad management should Dc fecOghI,u'
The tendency 70 make the tlch mar rlcer aug tnt
Door man poorer. and determined 10 combine me va
Ttons elements opposed TO this state OF thlpks ana aRi
raic for reforms uutl thcy are secured =,
The IA rosd people not, perhaps so much IN ault
nh. matter the eysweTe accessory 20 the enormous
feveirnuent OF business under the lhnuence OF
steam applied 10 tue purposes OF ransportatlOn.
But let me say ycu hr. Cha rman ana eeneIhen, ~
6ehaif of the psope OF this state that continuance o
fnesc evils without attempt 10 remedy thei VIII hot
be much longer tolerated ana the pubic ulsconteii
be long repressed through railroad inn1enSe sno
railr,,ad money, IL Will result in as deplOraole
"A state 81 things We now SEQ IN Nalorhlh
In conclusion, Mr. Chairman would cal attention 70
the fact that other business In which the pune has
40 large am interest that OF transportation - et IN
regulated and unsupervsed in the interest OF the peop
This interest dcinands that statutory limits shall pe
ffxed WITHIN which railroad companies shall DC Tree 70
transact their business and also that there sh ne AZ
executive power that The laws are compled WIN
20 prOyde the one WITHOUT the other Wouiu pe lh nav
Inc police force without laws, OF Laws without tine
police.
THE GLOBE LIFE INSURANCE COMPANY.
A REPORT on ITS PRESENT CONDITIONING HoPI
OF REsUMING BUSINESS.
,vpov THE REGULAR CORRESPONDENT OF rIE TRIBUNE
ALBANY, March LITTLE Attorney General
has lust received interesting report ON the present
onation OF the IN solvent Globe Mutual Ie Insurance
COMPANY prepared by f. J. Phillips, the actuary Of The
company.
Mr. Phillips states that since the organization of thu
compapy In e64 there have been issued 43,317 poll
ce, OF which number there iound to be in orce
Jane l. 1879. 7.43l. OF these 74sl policies, 54s be
,onred 10 The registered 1879 the nouregstered
the whole covering total assurance incuniog rever
sonary additions. of sl2.9l524S The total liabilities