The Providence news. (Providence [R.I.]) 1891-1906, 1892-04-29
Its Agreement With the Union Rail-
road Company
THREE PER CENT. TO Be PAID.
ATwcnty-Year Franchise to be Given on
These Terms-The woonsocket Bill
Again Up for Psssage-Other Matters
IN the Legislature.

Union railroad last night was compro-
mise which is embodied I'm the bill pre-
sented to the House to-day.
Gen. Charles A. Wilson in presenting It
said it was by agreement of both parties
and had Mayor Potter's assent. There
was no objection to be offered to the bill
in its present form. The bill passed the
House without opposition.
The company is authorized to issue
twenty year bonds with interest payable
in gold, not exceeding 100000 and to
mortage their property and stock in any
other corporation, ETC., for that purpose.
Section provides that the Union Rail
road Company and any party claiming
title from it under said mortgage herein
before authorized, in addition to all the
powers, rights, privileges and franchises,
has OF is in any way entitled to anywhere,
years years fro from and '''d after " the ess date
of the execution OF said mortgage have
the exclusive right to keep, maintain IN
good order and repair, use and operate,
in which it may lawfully do at said date
or thereafter be authorized to do during
said period, its tracks, rails, poles, wires,
railroads, with their switches. turnouts,
turntables and appurtenances, and the
cars, motors and vehicles thereon, In the
same streets and highways, as ut the time
of executing said mortgage and thereafter
wires. railroads, switches. turnouts, turn
tables and appurtenances shall from time
TO time be built and constructed.
Provided, however, that the city coun-
ellis of the several towns In which the
same are located may from time to time
tions as to the rate OF speed and the maE-
ner of operating the said railroads and
the grade and manner OF location, reloca-
tion and construction of any such rails,
tracks. poles, wires, switches and turnouts
in any street or highway within their re-
spective cities and towns as the public
good may requires; and provided fnrther
that such town or city council may ut any
time, when the public good requires that
there should he no rails IN any street or
highway, require said Union Railroad
Company or party claiming title under 1t
as aforesaid, upon ninety days written
notice, to take up and remove its tracks,
rails. poles or wires in such street
or highway, and forthwith upon
tine removal thereof, such city or
town shall grant to said company
or party right as nearly similar in pub
lie convenience as possible, to construct.
maintain, use and operate the same in
another street or highway OF such city or
town; aud provided further, that il at any
time any method of street car propulsion,
other than the trolley system, so called,
shall be invented or perfected, SO as to be
of equal practical and commercial value,
as such trolley system, the city of Provi-
dence shall have the right to order the re-
moval from the streets or highways in
said city, any and all poles and wires used
in connection with such trolley system,
by giving one years notice In wriSing to
that effect to said company or party.
Sec 3. Nothing in this act conta ined
shall be construed in any way to relieve
the Union Railroad Company or any
party claiming ii tie under il as aforesaid
from any obligation to pave and keep in
repair any portion Of any street or high
way or to pay any tax or money which 1t
may now or hereafter be under legal obliga-
tion to any city or town to do or pay nor
to prevent said company or any city or
town from making any contract, grant
ing any franchise or imposing any special
tax or doing any act or thing which they
are authoriz d To do under the provisions
of chapter gs5 OF the Public Laws.
Section 4, authorizes the city and
towns to allow any kind Of power to be
used. Section requires sworn state
ment of the gross earnings of the COM
pany to the city on or before he 30th day
Of January, April, July and October every
year Tor the three months preceding, and
provides that AT those times the company
shall pay to the city treasurer all sums
due on account of any special tax on the
company.
Three Per Cent. M d Arbitration.
The bill provides for "A ,ax of per cent.
on the gross earnings OF the corporation
for n period of five years from the 1st day
of July, 1891, and n rate not less than 8
per cent, nor to exceed per cent, for
each next succeeding period OF five years
During. the period OF such exclusive
right to be determined in the manner
hereinafter provided, 10 wit: The said
Railroad Company and the City Council
of said city of Providence, shall mt least
three months prior to the commencement
of the second. third and fourth periods OF
five years each, agree upon such rate. IL
possible; in case said City Council aud said
corporation or party shall fail To agree as
aforesaid at least two months prior to the
commencement Of each of said periods,
three disinterested persons shall be
chosen, Que by the City Council OF said
city in joint convention, one by the said
corporation or party, aud the third by the
two so chosen, who shall determine the
rate which shall be just to be paid aud
paid during the said period Of five years
SUGGESTING their appointment, aud the
Diet rmination OF said dsinterested per-
SONS, or majority OF them, shall be final
and conclusive upon said city and upon
said corporation or party, provided that
In case the City Council of said
city or said corporation or party
shall not appoint as aforesaid,
the other Of said parties may appoint the
first two disinterested persons, aud pro-
vided that In case the two persons first ap-
pointed shall not appoint a. aforesaid,
either the city Of Providence or said cor
poration or party may, after ten days
notice to the other party, apply 10 any