New-York tribune., 1886-06-09
RAILWAY FRANCHISES BY AUCTION.

,rDcr HrroN's PROTEST AGAINST THE SIGNING
OF TIVE AMENDED CANTOR BILL
,yroN TIE REGULAR CORRESPONDENT OF THE TRIBUNE,
ALBANY. June s.-Governor IIiu gave hear
ing to-day on the amended Cantor bill The Cantor
Law soca!cd provided for the sale by auction 10 the
hughes, bidder OF street railway franchises At the time
n va. passed several street railway companies in the
sraer cities OF the In process OF formation
The law cut their existence The present bill re-
wives then and tho Governor signs 1t they can pro
coed with their work There appeared before the Gov
erner TO fav bill Judge Greene OF Orange County,
and Frederick shcnnari and John +. brenhah' oi
Yonkrrs. ,,-
"u there is no one who will anything against TINS
bill" said the Governor. II VIII have TO '"ik a"ou'
uvsef II seems from casual glance az i's rs'
sction tnat a dummy company might Dd ION the iran
ehisc and then paying anything yearly upon s
eross receipts by leasing its line 70 tho actual owners
The dummy stockholders would sag that they receive
.ay only $780, for the yearly receipts OF their road and
te actual owners would thus get the.r road for little
money. I have received a prote 81 against the Dill
FROM Judge Henry Hilton"
Tie Governor then ~esd the following:
The law a. it stands Chapter g. he Laws OF Is So
provides tEat the sale shs DO n"oe ~ the pa1er VINO
wi. hs 'rSesi percentage per aIhut os tIe rs
rrcts derived from the operation Of said railroad or
railway The n1ueht SAY , tu sac 20 nap
,nu ~ the gross receipts OF said company or corpora
eorroraion Who BIDS franchise fit TO sell or
lease ID iog a nominal sum- nat nominal sum Nou!u eo
80 e .cents from Tie operation OF the railroad
nigAl ~ very large sum ne iaeI - T e o"y v
Gently an a.ieinpt TO AVOID this wholesome provision
Thc biader inus according to the proposed Dill De an
eAistiuc raway con pang Any ndivltuai OF se
OF individuals is thus rrecuded from purchasins me .ne
permit Competition is confined to CON paratl.eiy @ ,iau
tied crcc Under the law rs II stands any person may
bid ne franchise Under tho proposed LAW ia" none
IN, street RAJ way company eau puic ing M ~
the Ged o. competition the more beaehcent the law
TIE second section strtsos out that portion Of the
rresept iaw which covers such case as the Ihirty
permit II the scheme OF Chapter TO OF tue Laws OF
, there is no reason why his company should escape
from IL operation They have not secured any part OF
Aldermen. They have not obtained the consent OF
m s. esn.ent Obtained was the
resat o. ID and corruption. Tor which Aldermen are
uuier "a ici nent ana yet tae same Is nSe ma ID "a
cantor jast and proper to pass the Broad
COMPANY wi.a no vested rights should pay for any
privilege i may at the hands Of Commissioners
ms S !. verF Important substitute for the act OF
1856 chapter 65. known az toe Cantor bill IL IS evil
dcnty gotten up In the interest OF the Ihiry-iourtn
Street Railroad. which that Dil pHt an end To- ne
sxpense htgat already defeated the scheme tor
ths road aud the District Attorney s now preparing TO
convict The Aldermen VINO Res "a0Rteu 'He r-DSar
tss circnmstsnces it emnentiy proper
loved To prevail without interfering with II in the in
teres Of Thrtyfonrth street khiroad merely ior
tha purp1s OF granting this road new and continuous
by
Judge Greene argued that Judge Hlon's points were
not well taken. SubseQ eQuently the Governor found a
clause II the bill which led to think that perhaps
after all the new railways. whoever they might
he owned By, would be compelled TO pay yearly loi
their iranchi'e BE then SAID tnat the Dill was D 80
mucn Importance that no would reier IL 10 A"ornc'-
General OBuen. a., so,,o ,,,,,.,
judges ss9ing opinion Of the bill aooishIns in-
prisonment for debt