The Providence news. (Providence [R.I.]) 1891-1906, 1894-01-02
Men Representing Twenty Millions Of
Business Properly in This City.
HAVE SIGNED NAMES TO PETITION
Asking supreme Court to Rtmove In
junction on Endorsement of SPRING
field Bonds by the City--A Document
OF Much Interest.

The city council OF last year have been
subjected to deal OF harsh criticism and
condemnation for their alleged precipitate
and unwarrantable action by authorizing
the city's endorsement OF the bonds OF the
Providence and Springfield Rail-
road Company to the amount OF
s750,0O0. Much stress has been placed
upon the granting of the preliminary
injunction by the supreme court at the
instance of a coterie OF petitioners who,
without exception, are large stockholders
in the Consolidated railroad and its trib-
utaries, which has shown a monopolistic
and antagonistic spirit so far as the in
forests of the city of Providence and the
New York and New England railroad is
concerned. The Joint committee on
finance which gave public hear
ings on the petition of the SPRING
field Railroad Co., were largely influenced
in advising the city council to favorable
action by the reception of formidable
petition signed by the representatives of
the largest wholesale firms in the city.
Twenty millions OF business property is
represented in this petition which was
signed voluntarily in every instance. The
text OF the petition and signatures are
self-cxplanatory:
The Petition.
The granting of the petition OF the
Providence and Springfield Railroad COM
pany requesting the endorsement of
its bonds TO an amount not exceeding $780,
900 secured by mortgage and guaranteed
by the New York and New Epgland
Railroad company, is respectfully
urged by the undersigned, believing
that the request is reasonable and just on
behalf of the Providence q Springfield
Railroad company and as well as an act Of
justice to the New York g. New England
company, the single competing line now
entering the city OF Providence, and
corporation TO which the merchants OF
the city are deeply indebted for fair and
honorable dealings with the citizens Of
Providence with reference to freight and
passenger accommodations.
Signed: Greene, Anthony & Co.; Cong
don Wilbur & Co.; Whitefeld, Aldrich &
Co.; Murray, Sphinx K Co.; Tilden, Thur
ber & Co.; John McManus; William b.
Waterman; Providence Steam Engine
Co.; Nicholson File Co.; Arlington &
Sims; Howard Richmond; G. s. Sim
mons & Co.. Huntoon & Cor
ham; Daniels, Cornell q Co.;
Waldron, Whightman a. Co.; George w.
Whitford; Ira A. Winsor, president; Ar
mold e. Maine; S. S. Sprague 81 Co.; Cong
don & Aylsworth; Whitford, Bartlett &
Co.; Alexander Bros; j. II. Preston &
Co.; Hazard Cotton Company; Mason,
Chaplin d Co.; Brownell, Field & Co.; Ar
mold B. Chase; Congdon, Carpenter d Co.
Rhode Island Perkins Horse Shoe Co.;
J. b. Barnaby Co.; Lippitt WOODEN Co.;
Shepard & Co.; II. Lippitt & Co.; Social
Manufacturing Co.; Silver Spring B. and
ID. Co.; Granger Foundry & Machine Co.;
Wood, Bicknall q Potter; Powhatan,
Morse; Nightingale Mills, VIM; Grosvencr,
Tylor, Symonds d. Co.; Providence Coal
Co.; New England Butt Co.; Charles
Fletcher.
Will Go to Supreme Cour.
This petition and signatures will be
submitted TO the supreme court by the
city solicitor and associate counsel when
the hearing is had on the application for
a permanent injunction. The attempt of
the Consolidated TO control the freight
traffic and thereby prevent competition,