Daily Republican., 1889-03-13

Clark introduced to-day by far the most
important act In relation TO railroads that
has heen introduced since 1881. The act
is entitled an "act TO incorporate the
Delaware and New England Company"
In the synopsis of the bill, as Is given
below, 1t will be seen that all the incor-
porators are men prominent in the 6nan-
cial circles OF New York and Philadel-
phia. Tne essential points Of the mea-
sure are as follows:
Whereas, John ). Wilson, Chsrlemagne
Tower, Jr., Arthur e. Newbold, Henry
Mccormick, Francis W. Kennedy,
Stephen A. Caldwell, John W. Brock,
w. W. Gibbs, Arthur Brock,
Henry o. Seixas, Joseph Il.
Sinbott, Charles +. Berwind, Charles b.
Morgan, Jr., and other persons in section
let OF this act mentioned and their asso-
clates are the owners OF stocks OF rtain
railroads aud other corporations connect
ed tht rewith In states other than In the
State of Delaware, but forming part of a
through line which will connect the State
of Delaware with the New Enplaud
Stats, and will afford an outlet for the
perishuble fruits OF the Delaware PENN.
sula directly to the New Eng mar
kets by an all rail routs, whereby the de-
lay now incident TO the ferriage OF the
cars around New York City will be avoid.
d,end are desiroDs Of consolidating thei-
respective interests In said properties by
the creation of q corporation with power,
inter allied to purchase the aforesaid stocks
go that .he expenses nece sarily iLcldent
to sepcrnte ownership may be reduced,
and the service OF transportation be per-
formed as economically as possible.
kectioD gives the company power TO
sell, own and hold The stock u other cor
porations, to mske advances of money,
guarantee the stock of companies, make
contracts, execute and carry out con-
tracts, leases, use, make purchase and
MAINTAIN any work or improvement In
come ction with or incidental to the busi-
ness OF the said company; to have power
to consolidate with other compabies.
Sect on 3 fixes the capital stock at
g. 200 with power to Increase to any
amount necessary. They can organize
when $50, ,00J is subscribed.
Section makes the principal Office OF
The company in the city of Wilmington.
The other sections are the usual ones
OF incorporation act.
The preamble shows in y great meas
ure what the bill is, the object OF the
incOrporators being TO form trunk line
iOr tie shipment of fruit, e'c., from the
Delaware Penil sula To the New Eng land
States and Canada.
At present fruit shippfd to these places
are compelled to bs ierrcd around New
YORK ut great loss. To obviate tn s .
route has been projected, which takes the
usual course until Tten on, N. j., is
reached, there, inst al of continuing on
to jersey CITY as at present, II divergence
10 made to Eastop, Pa, and from there,
by a system OF raj rOadp, direct route is
made 10 Poughkeepsie, n. Y. From this
polut nearly every point In New England
and Canadl eau be reached.
George V, Massey, Esq, who is Inter
ested in the bill, explained it as an act to
make ayaila1 ole the recently erected
bridge over the Poughgeepse river and
! the mes OF railr ad east and west there
! OF. At present these roads are control led
| by two corporations, and together with
| the bridge are operated under an agree
| ment, The intention oi the bill is u
| form corporation that will purchase the
stock Of The three comp inies and iorm
one new company.
! The corporators named in the act ar,
I all iteutifi-d with the var one companiei
Affected by the act Jonh ). Wilson (,
J tha president OF the Poughkeepsie Bridge
Company, Charlemagna Tower ls large
! philadelphia builder, Arthur II. Newbuld
/ a member of the firm of Newcold IL sons,
/ Henry Mccormick Pittsburg piiaiist,
S.epben Il. Caldwell, pres dent OF the
Fidelity Insurance, Trust and Safe D.
po-it Company; John w, and Arthur
| Brock ire the principal persons interested
In the POughkeepsie bridge. Should the
charter be- granted aud the company
| formed 1t will enable the growers to save
| two hours IN marketing their fruit. Il ey
eau also reach much quicker over this
route many points In New York State.
In reply to the question, why do they
come TO this state for charter" Mr..
Massey said:
"They csnnpt obtain the same priv.
leges in other States as they can in Della
ware, the constitutions OF the other States
NforhiddIng II. "
Mr.. Massey wrs asked If the Penn
kylvauia railroad had any col Injection with
the bill. He r, ll ed:
"No, nothing whetevnr."
TIE Committee on Temperance hel q
Meeting to-day an decided to iix Mon
day next for free discussion upon the
merits of the temperance bill.
The following are the regular proceed
iDgs,
SENATE
DOVER, March 12.--Seua,e met at II
a, IN.
Notice given: BY Seustor Donahoe, en-
act TO incorporate Prospect Cemetery
Company by Senator Furgusou, an act
| to incorporate the Townsend Creamery.
introduced: By Senator Donshoe, act
TO amend chapter 500, vol II, Delaware
aws; an act for the 7 rot ction of minor
children an net to incorporate the Grig2 IS