, 1889-08-08

Legislative Committee, burk- IN which
shall be recorded the amount y! capital
stock subscribed ald by whom: TIE
names of the owUers o;i.s stock, aud the
amount owned 10y them respectively: the
amount OF stock paid IL. and lay whom;
tie transfer, Of stock, the auouat of it.
assets aud liabilities, ani the ramts and
place of residence of its Officers"
BY large majority this section was
stricken from the article. Bayo,d doubt
this was wise and fnr-seeius. y state
starting ont upon its voyage cannot wei!
afford to freight Itself with sucu iunau-
able matter a - contained in Ae above
sectiou- The adoption OF This section
would have caused the driving away
from this state JotI business and cap
tai.
One OF the most observation-disclosures.
IN the article, according to mauy a,t,-
gates, Is section u. 4 great giI-ct is be
ing made to either strike out th.s section
or amend it 50 shat the Legislature can
provide for the formation 1T a comalis-
sicu. For Il popular understanding e.!
this subject l copy IN full section p:
SEC. u. A Railroad commissi.u oyu-
sistiug OF three mpmlgrs Is hereuy s.
tablished. The raiIro.d commissioners
shall be- quaEfic,! electors OF the state.
and shall be elected hy tie sIutc al large
at the general late elections. aud tL-.r
term of oilica shall commerce. nu ;Ge
Monday following The first d. O. Jauu-
airy next succeeding ihci5 election IAe
commissioners eirc'cd n tn. election
held upon the adoption of :his coustrln-
ton, shall az tier first meetin.-, so class
iiy themselves by lots that one shall hold
Office for the term Of three yearz. OLe Tor
the term of five Years, and one for the
term Of seven years, and ey shall cer-
tify th9 result Of such casting of lots Ia
the secretary OF statr. After the first
election the term Cf each commissioner
shall be for six lars. In the went uf n
vacancy existing in such commission,
the governor shall ill Ike same by
appointment, and the person 81 appoint
ed shall hold ;ffice until next general
election, and the person elected shall
hold for the remainder Cf the unexp!- ed
term. i majority of toe commission
shall have power to transact aay Of its
business II shall be the duty of such
railroad commissioners TO exercise n su-
pervispry control over all railroad, canal,
and other transportation companies. as.
scciat.on~ and corporations, ami over al
other common carriers; aud, ir the alb
seuce Of Legislation upan jhe subject. 10
regulate fares and freiEbis. and prescribe
aud limit the charge therefor; to prcVeut
and correct abuses, di7crimation aud ex-
tortIon by such compGbiss, yss, Citations
or corporations, aud to perform such
other duties a may Ec prescribed by
law. The leGislature shall enact all laws
necessary 10 carry the foregoing provi,
sions into effect, and shall more fully de
flue the qualifications, powers, duties,
responsibilities, and fx the compeusa-
tions of railroad comm :ssioners.'
Mr.. P. C. Sullivan opposed the sec
tiun and Eloved To substitute his minar.-
ty report which is as follows:
"SEo. 2l. The legislature shall pass
laws establishing reasonable maximum
rates of charges for transportation Of
Passengers and freight, and TO correct
abuses aud prevent Discrimination aud
extortion in the rates of freight and pass
iepger tariffs on the different railroads
and Uthsr common curriers' in the state,
and shall enforce such laws Icy adequate
penalties. A railroad commission may
b. established aud its powers and duties
fully defined 10y law"
Mr.. Sullivan stated that many petit
tious had been received by the conven
tiou against the adoption OF the secticn
as reported bY the majority, but not one
in support. He said thEt he trnsteG that
the convention would see :he wisdom of
adopting his substitute.
Mr.. Kinwast, the chairman OF the CON-
mittec that reported the section, stated
there were u states that had raiiroad
commissinG aud believed 1t presented a
proper meaus Of settling disputes between
corporations aud individuals. Ia sup
port of his argument he read from the
reports Of many states, showing the ben
e6cial results arising from a railroad
commission. He said that railroads
would better abide The decision ut = C N
mi sion than any other Tribunal that
could be established.
Mr. SharPstein favored commission
as he believed that though this meau7
justice could be done to all parties con-
cerned.
This section was still under discussion
when the convention adjourned.
LEDDY.