Morning journal and courier., 1893-02-15
ONE HUNDRED MILLIONS.

westville Road Wants to Issue
 Seven Hundred Thousand Dollars
 in Bonds.
 HARTFORD, Feb. 14.-[Special ]-Buei- ness at the capitol was booming to-day, and the house did not adjourn until after o'clock. The Consolidated road asked the commissioners to recommend an in crease of the roads capital stock from $55, ,OoO, ,0OO to s1oo, ,oeo, ,oo0, and that the company may be empowered to increase the number of its directors from thirteen to twenty one. The commissioners to-day reported in favor of the increase of capital asked for, and bill was introduced in the house to that effect by Representative David Callahan, which was immediately referred to the railroad committee by both the house and the senate. The matter came up for hearing before the committee this afternoon, when President Charles P. Clark appeared to explain the request of the road. He said that he would be unable to appear tomorrow and during his explanation as to why the increase was l needed. said: In 1889 the capital stock of the company was increased to $50, COG, 900, and the amount is not yet expended. The i first of that increase was the issuance o1 | S3. 100, 900 of the stock issued at par. Out of that $7OO,O was paid for debts and ir making improvements. The sum ot s1O0. 900 was also used to take up the l stock of the Stamford and New Canaan road, and in purchasing Long wharf privileges In 1891 there was another increase of $4, ,O00 in stock at pal issued, not one dollar of which was spent for any thing except improvements to thu road. Last spring the Stonington division l including the New York, Providence ano Boston road, was acquired by the Consoli dated, and So, 000, ,00O of stock exchanged share for share. The exchanged stock fol | local lines, the Housatonic and Derby | since that time brought the issuance ot | stock up to s35. O00,O ,O00. Just now fol present improvement double tracking, etc. the road issued $l2,O0O, 900 of debent ure certificates controvertible in ter and as $12,O00,000 has to bs kep up the capital stock to $47,O00, GOO. Mir Clark said that his idea now was to secure a scientific frontier, and for that purpos | it was necessary to get sn inlet into Bos ton. The directors have consummated subject to the will of the stockholders, | ninety-nine years' lease of the Old Colon, railroad, which is also subject to rstifoa tion by the legislatures of Connecticut ant | Massachusetts, ten shares of the Old Col | ony to be exchanged for nine of Coneoli dated. The Old Colony has S13, 800, 900 0 | stock out, with bonded indebtedness o about $19,O0O,O00 more. That makes $32, | 0 . | with $14, ,0O0,O00 debt of the Consolidate' l and $5, ,OU0, ,O0O of the Eousatonio, makes ! debt of SUI ,OOO, GOO, which we are in hope l to capitalize, and then pay off all o l the roads debt. In speaking of the bsne l fits of the Old Colony, MT. Clark said tha 1t was worthy passenger road like tn Consolidated, and with the Old Colony | splendid inlet into Boston the Consoli dated as one road was much stronger thai | as two. The reason the New York roa' was still in debt was because the people re fused to give up the company's bonds un til they came due. I desire one large sys stem free from debt. We also now nee l twenty-one directors, instead of thirteen because since the New York and the Ne' | Haven roads consolidated we have ha but thirteen directors, and as it is prope under the new acquisition that Massaohu
 setss should be represented in the diree
 tory; but majority of the directors shoul
 be residents of this state. We now have
 road of 1 ,465 miles and ws want to see free from debt.
 l Hon. Lynde HaZrisson and Hon. Henr c. Robinson. attorneys for the road, wei
 present, but were not heard, tho hearin
 being continued until tomorrow.
 The Pool Rooms.
 AN INTERESTING HEARING-REnARKs p l EX-GOVERNOR BULKELEY.
 l Before the judiciary, the bill to abolis
 pool rooms had another inning, and it lool
 as if such an act would psss. Ex-Governt
 Bulkeley, who appeared in behalf of tt
 Charter Oak Park association, said: &
 in hearty sympathy with the gentleme
 from New Haven, and believe tn,
 these pool rooms should be- abo
 ished. I, however, would favor 8 la
 which would make it legal to se i pools at the legitimate race tracks durin
 race days, at certain times of the yea
 New York, Illinois and other states ha,
 such laws and they work with good effec
 Oak Park association for the past twent
 years. We some fifteen years ago realizs
 that the selling of pools in the city wa
 objectionable, and ever since that tim
 they have only been sold ct the track 0
 race days, and I think an exception t
 the law permitting this could be passed.
 Rev. Dr. Smyth, pastor of Center ohurol
 New Haven, said:
 REV. DIR. SMITHS REMARKS.
 have had the privilege in times past ( l raQ6jnr cvoo11arE foe Io
 proolamasions from ex Governor Bulkele,
 and am glad to find myself standing 0
 the same platform with him to-day i
 advocacy of a law in behalf of good moral:
 ence to the nature of the law which thos
 whom in measure I represent desire yo
 to draft. We want law aimed directl
 at this specific evil of which we complain
 We want law that shall neither be over done nor underdone. We do not ask for
 statute against this pool room robber
 which shall affect any of the interest of associations like the Chsrte Oak Park, as far es their trans actions are now allowed under tn
 general laws of ths state. We are willin, to concede provieo which shall excep these interests at the track from the oper ation of this specific statute. At the sam
 time we ask you, in the exercise of you legal acumen, while drafting law whics shall hit the pool room straight and hit i
 hard, to provide that any proviso of limit ation in this proposed statute shall no legalize any betting or gambling at an, other place which may now be il legal under the existing statutes Many interests look to you geatlsmep. tt draft such law by means of which VI pool room. We hope that the legislature will give us law that may enable us tt I provide for the funeral of the pool room ir New Haven as ths funeral of man ou | west Was provided for, when the relatives telegrsphed on receipt of the news of his death, Send on the remains" And the answer received was "There are no re mains; he met bear" Give us law that shall be good grisly bear for the pool room.
 ATTORNEY CLEAvELAND's REMARKS. Attorney L. W. Clesveland of New Ha. ven introduced a new bill which in effeci would not interfere with legitimate race tracks and urged that the pool rooms should go.
 Sections and are as follows:
 Sec. 2. Every person who shall either directly or indirectly, as principal, agent servant, re ceive or become the custodian or depository of bet or placed, or frapsmtted or to be transmitted for the purpose of being bet or placed upon any horse race, game, sport, competition. nomination appointment, or election, whether within or with. out this state, or of any apparatus of any kind used for the purpose of assisting in buying or selling pools or making any such bt ts. shall be