Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1891-05-14
story as thus far told, and it looks awl
ward for Mr.. Lee.

~ was uelu IN Representatives liull, VIII
closed DOORS while the outsiders ORGANIZED
session of the third house" in tn
Senate chamber, with Joseph l.. Carpenter
Jr., for speaker, and Peter J. Ford TO
clerk, and proceeded to dispose O
the Silver Brook bill and vari
Gus other measures with NOR
celerity imam usual Inc result ot the pr
Vate conference was an agreement TO SUP
mt To the Phlladelphla, wilmington
Baltimore Railroad Company PROPOSE
tloh TO accept SZl9,ooo and accrulhs IN
terest IN cash, cre1lIlIig the satne 1 Oh tl d'
mortgage, anu let the balance OF Soeo,VVl
I ~ ION on mortgage AT three per cent instead
oi louri as heretofore
| asked George V. Massey, Esq, thl'
evening Il ne hau anything 10 say IespesV
ing TINS preparation. lie replied tnat h'
had ne authority 10 speak regarding it'
propaple acceptance OF re1ection'
Dovrp Nav 7TLo sorotor,oi ,,;c;ss;
tndes 81 tLe Siivor Rrool- Hi ara oyar a,
least for the nrasert TIE Hi has ,,as,se =,
II last II ,rai,t ~ a',,,l, ,,;oti,,
n,nn Ssnotor Wiii;a ddast;,,s t thts ra,',,i
site 80 Thara ,,as ;,,v
The res,iit a yreat tribrta ~ ~ a,' petsr
For,l's indafot;goR;iitv and oornostness as
a nleadar of 5;s aNn " ca,,se AZ hefore e
stated The KIN IN ;ts nrasent shan een mo.
,ides Far * Observation-Disclosures, .St; - iI,,o,
Mi. ne ae ' s,,.. ooi i,s u 2lt ,
cer O aboye ;ts ,S M"'eiS 70 XII; m raal
ond coSncto5 IL; u,,0s d;tnh W. M thn III.
Harm. tbe total ex,tendit,ro ha;n. I ii,nitnd
tn sS6 oco '0'"' 'ei'Ni'"'' oei''s 'iii-t'eN'
r,p ,,opr. ,ere,,,,
~ H. ~ a,D''' w. mi. -.
my nouSe passed inns AFTERNOON SUP
stltnie blil embodying the agreement of
yes'eF.aH private conference rssaardins
Vhe JunCllpn ~ BfeakNater ana Break
' Tater ~ FranKtord railroad mortgages
ne mn passed by vote OF u 10 l, H. =.
Morris casting the negative vote though
WIiie unner discussion It came very near
oeihs sent over 10 next Mohaay, the vote
on nostpgnement standing tor to 10
aSalns' Mr' Hutsoh presenter tle SUD
1 I'M PHI ana ensineeIed Us passage INC
pm ,iad been read Tor the information oil
the House wheh r. j. Morris SAID he was
~. ir'lGilfte'l 20 woe on ~; we aEfeed 10
certain Things Yesterday he continued,
but there Is great deal more IN that bill
annat p9llds ail MORTGAGES --
ms Is J., n9t the tline % argue the merits
~ lilr pili proke ~ Mr; iutsuh rePrpN-
lily y nv aPbehre,i W along that thSre
We y stniqllE alslllcililallpli 70 argue the
illg t.Fr, nl tlls measure IN puDlie.
so,a, 'si, i fG'2r 9o r., q; .1 Norris WIN
s1lileIlilS NE hehahee, - moved i be
postponed tlll Monday afternoon. That's
III ,,IiGT' anyhow.
Nf. iluts'h pieaieu, IN reply. for the
~ i.ltuIate cNhs.deratlon OF the hlll
leh .dr' ElsehpreE' however, joined
WI, MOTIFS III sla!!ls that ne was not pre-
pHreu 20 vgtc Tor " Wltnout knowing more
u "! II, MT' hutsoh lelI ms grlpsLpplhE
N"i hi 81 lilcse POINTS they SPEAK OF nave
aiE Nh nearing uP9h tie state interests.
;, ltWh Mtlal are tAey thefe for asked
u. ~
wlI lell you Wheh we come TO them,
WIS i,, tne answer;
leil tle roii WAS called on the motlon
~ postpone: as ioiloWs:
YES. III pIlall, 'rahston, lay, Elsen'
prey higgins y. j., Morris, smith,
llillilas' Mhl9h-7.
Aoes-E,klhton' Hlckman, Hutson,
! !,i,, Marvel II, Ii, Morris, richards,
lAiiseiy, EST speakef olrman-lo.
In was lhe speaker vote that turned the
susie'
NJ. itutson then went to the, clerks
aesk ana personally read the bill by para
graphs, stopping mere and there TO inter
lect something by wav OF explanation or
~ IrePlN " questions from other members.
Inc plll' g passed drops the original
guaranteed ponds feature altogether, sub
sututlHS mortgage therefor MS IS the
essential rs GhauEe, II PROVIDES that the ~
- .'4+"AAi va 'iNlltiAA VI VIC AClss
MD ~ Va. Il. X, pay to the state treas
urer on July lst, 1891, $4,000, and on No
Semoer Isl, l39l $4,000, towards and
on account OF the SuuuOO Junction II
Brea"water mortgage and on the same
dates, Sl2,OOO and SI,3333i, accruing in
terest on both the mortgages These pay
ments ot principal, amounting to s2l5,Un,
Shali be credited on the j. Il H. mortgage;
leaving balance unpaid Of slS5,OuO on
that mortgage. which is the one
now due. This $4,000 and the
100000 49, II f, mortgage, $685.
IN all, are to be continued on mortgages at
8 per cent. unt1l January LIST, 1882 the in
tcrest payahle semi annually; this mort
gage TO be redeemable al the option of the
u, W. " Is. at any time after january LIST,
$3.50 In case OF default for 10 days in pay
inent OF interest, the stay of postpone
ment OF payment Of the mortgages
Is TO cease and terminate, and the payment
OF principal and Interest may be enforced
Ply process Of law, Provided that nothing
herein contained shall in any wise affect,
alter or impair the security Of the mort
cages or the priority of lien.
section 2auth0riZcs the Delaware, Mary
land n Virginia railroad "a issue bonds for
the discharge of its Indebtedness except
ing The state mortgages and secure these
bonds by general (secund1 mortgage of
its railroad property and franchises.
~. he object Of this, said Mr. Hutson,
security for the money it is to ADVANCE
lTlle total Indebtedness Of these roads,
including the State mortgages, is 81, $50
900
Mr., Hickman asked how this could af-
feet the minority stockholders.
FL. Morris-''lt secures them" But he
objected that there was no stipulation us
. . a. Il. "a