The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-03-16
Y the laws OF this state to have stock trans

by the laws OF this state to have stock trans
Ter onice located at some accessible polp,
WITHIN the state, and the rtock-bouks st All
times To be Kept open for the lnspeci ion of any
s'9ek'h h olaer IN such company.
. n hlh making IL penal onense for the
managers OF any railroad company TO issue
STOCK In excess OF the cost OF such road, after
Ieuucting amount received from sale cf its
oohus' also, ON Issuing additional stoc K
oaseu upon an Increase or supposed ,ncrease
IN value after completion, or In any manner
AIDING TO or watering" It's capital stock;
ahd also prohibiting railroad COMPANIES iron,
paying dividends upon any such fictitious
Reported as follows:
Ihat the committee on railroads have here-
toiora recommended house bul No. Il, which
was Induced by the gentleman from Mont.
sonlery, and designed to cover the subject of
ploiing" embraced In the first section of said
Tesoiu'ionh; Your committee are OF the opin-
'ion lnat the present laws against eXtorLon
9nu against discrimination, page 10 of the com
pnn"u laws OF 1874, are comprehensive, and
Will, wiz Snoru adequate relief to the
people upon all matters covered BY sec
lions lions l, : and 3 OF said resolution
ihat the law Stores I'D hss been In force tev
eral years, and has been settled and sustained
~ the courts, Your committee believe
that no new law Will enforce itseif any mora
than that already on the statu g. and II eNtor-
.ioh snd di'crimination has been prsou cd
agalhst shippers, they should put the law in
iorce NJ once The present law Rnply pro.
,es viues ior private remedy covering three
times the amount uniuslly taken as well as
aitorneys' fees, sns n further remedy OF heavy
nne under prosecution by the railroad and
warehouse commissioners.
Your committee further say that, In their
op,nion, ~, law emoodying the idea eXpress,d
III section three (3) of said resolutions would
oe unwise, unjust, eliminating, and
tyrannlcal against railroads, Ii it could be
,nhuS constitutional. Your committee does
mdt NO, uesm II TO be the policy Of he state tc
GRIPPE any enterprise or business that IS
useful or needful to the public. Your com
llittee think, II one or more persona with
wise foresight and business enterprise have
secured good location for factory mill,
uoy aaary or farm, and by diligence and ntelli-
thelr employee, keep their property in GOOD
repair aud realize large per cent, on a. ei,
,,nVestment the legislature has no right &c
@ @,iinil shch enterprise or cripple or ipjurc such
ennIett o,,s,,ess Ny elseS leei,lation; ana said
committee conceive that a. loug rs
railroad faithfully and honesty doe.
the puolio business for fais oompen,
satl0n without extOrtion or Discrimination
~ Is nohody's buiness What the road or roll
| log stock cot, or how much mouey the loa1
makes in given lena th Of time.
ihe same zen arks VIII apply to section o
the resolutions -
Your committe further report that, in thoil
Iuushent' section y complied laws Of 1874, o
-, tAoH lHN A'i NV luEOIppIsllOii, etc.
wnich TOOK 'l.ct March |, 1872, is sufficiently
iu!I ana specific, and covers the propositio.
! In section of said resolutions.
louI committee farther report upon s1ctior
=, ~, ssll resolutions, That It properly belong
10 the committee on revenue. ag ii has M,
entire snbJectof assessment Of all property un.
ger consideration, and. In liking the law gov
ornlng the assessment Of III property, mus,
neces- army consider railroad property, while
railroad committee considering The sne,ies
oIsproperly alone. would probably only n nike
I'VE WORK OF revenue comnities more ar.
unous aud embarra' sing, and your committee
uts u De relieved 40 far ~ section | Is con.
mites on revenue.