Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1893-03-01
THE LEGISLATURES.

posed Increase of Its Stock-An In.
terestfng Report by she State Treas-
urer-Judge wheeler OF the superior
Court-New Haven FIremen's Fund
for Disabled Men. -
: .HARTFoRo, Feb. 28.-[Special Tie
In the houee, the request of the
road for an increase of its
capital stock to 800, 600. 900 is to be made
the order of the day. Last week there was
rumor of some impending opposition to
the bill, but as far as could be aecertained
to-day the opposition, which came from
the fact that the haste for passing 1t was
not understood, has disappeared. Said a
prominent official of the road to-day: No
doubt we should have explained at the
hearing why we desired to push this meas
ure-through with such apparent haste. 1t
was simply because We did not wish to
close our transfer books twice, which
would cause Us great deal of trouble.
Our transfer books will be closed during
the whole month of March for the issue OF
debenture warrants and payment of the
April dividend. Connecticut law requires
notice and copy of the Old Colony lease
to be in stockholders hands for thirty
days prior to the meeting called to rat
tfy It. It is desirable that this
special stockholders' meeting should
be held while the books are closed. and
that the acceptance by the stockholders OF
any act passed by the general assembly be
included in the call for the same meeting.
Theeapital stock of the Consolidated road
lis new more than 80, 900. 900, and q ma
jority must be represented to ratify the
lease of the Old Colony railroad, because
1t is . Massachusetts, corporation. This II
good reason for the company's desire that
the bill should be passed promptly and ex-
plains perfectly what has been charac-
terized ID certain quarters as undue haste.
When the people understand this and that
there ia no "nigger in the wood pile" 80
as to speak, the bill will pass all right.
The meeting of the Old Colony stoekheld-
ers is being held to day, and one will be
held on March 81.
State Treasurer Sanger today, In com
plisnee with request of the house made
last week, that he should furnish them
with statement concerning q suit brought
by the state va. the New York, New Haven
and Hartford Railroad company for the
recovery of certain taxes, submitted the
following report, which was ordered
printed: - -
To the House of Representatives: -.
Under the provision Of q resolution amending
the charter Of the New York, New Haven anc
Hartford Railroad company, passed in 1889. there
have been exempted taxation for the four years
1889 to 1892. inclusiys, the following ra lroae
stocks: Hartford and Connecticut Valley com
pany, 7,e92 shares; New Haven and Northampton
company, H. 9S shares, and Boston and Air Line
company, ,o10 shares.
said had been taxed in the same rates as the re
manning stock of said railroad the amount Of
and Connecticut Valley company. $st, s6; New
Haven and Northampton company, $14, 49, 3
NJ. q. SANGER, Treas.
The treasurer reported that he could moi
furnish information concerning the rail
road commissioners, for he had no official
returns from the commissioners. The re-
turns to the comptroller of cash for the
years named are as follows:
RETURNS TO COMPTROLLER.
1872. $s024 49, 81; 1878, 81 44s.05t 05e52; 1874
1875 $l,e47o 1885, 81. 407 03S 20; 1877 So
1877 s5 1878, 1882 ss17; 1879 g. 1o7. 4oo2s; 1880
g. 4V7 065.so; 1881, Ss,160, 632; 1882, $3,208,
7sO19; 1885, ss,s5s.5s7.6s; 1884, $4tois,soos .51
1885, $4,415,ai9 So; total, SIS a4s. e96 n.
The treasurer reported further as follows: GA
the law stood from 1880 to 1885, inclusive, rail
tax to the state. In order that this might bt
computed In the manner prescribed by the stat
ute, the treasurer of the com pany was required
to deliver to the comptroller sworn statement
giving the data required, and among other things
the amount Of cash on baud" on certail
named day. In computing the value upon which
the lax was to be paio, deduction was o be al
lowed to the company Of the said amount OF cast
on hand.
1t will therefore be seen that the larger the
amount of cash on baud the greater the deduc
ton, and the amount of tax paid to the state pro
portionately less.
From 1885 Inclusive, the treasurer Of the New
York, new Haven and Hartford Railroad com
pany, delivered each year to the comptroller his
sworn statement, in which he stated that the
amount Of 'cash on hand'' on the 1st day Of DC
tober In each of said years respectively was Al
follows:
Amount Of cash on hand October /,
1880. $a,o47 ,os5 81
Amount Of cash on hand October !,
1881. ....-.............. s,1eO,61s 8,
1889. ......................... ssos,7so II
Amount Of cash, cash assets and
sinking fund on hand October 1,
1888. Observation-Disclosures. s,s5e,bS7 5,
Amount of cash, cash assets and
1884. ........ ..................... 4,O.s,sos 81
Amount OF cash, cash assets and
1885. ....................... 441s,aas 81