The daily morning journal and courier., 1895-05-24

state, be repealed and that the build
 ing of the bridge be done by the five
 towns of Hartford East Hartford,
 South Windsor, Glastonbury and Man
 chester was passed by an overwhelm-
 ing vote. The amendment providing
 for the comptroller, Dwight w. Loomis,
 to hear the claims of the Berlin Bridge
 company and pay a sum not exceeding
 $40,O00 and that they may have the
 right of appeal to the courts was then passed.
 The bill as amended was then taken
 up and passed with only six dissenting
 votes It was the same bill as passed | by the senate. It was immediately | transmitted to the secretary of state
 THB DEBENTURE CERTIFICATES.
 In the house this afternoon the de- benture certificates bill was taken from the table. It provides for allowing
 holders of debenture certificates right
 to subscribe for additional certificates,
 when issued, in proportion to their hold ings of stock.
 Colonel Wood of Derby-The railroad
 has undertaken a great many things in' the way of improvements that 1t did not first intend to do. There have been
 necessary some very important im- lprovements subsequently,. It was the wish of the company not to issue more.
 stock or debentures; but it has been found necessary to make additional im- provements. As provided in this bill, ] in 1903 the stockholders will hold the same amount of stock, relatively, which they did before, It is an entirely fair bill. If this had been asked in 1898 there would have been no opposition to lit. MT. Mills of Middlefleld also favored Ethe bill. He said that when the deben- lures were issued the stock was only $50, ,600, ,000, but since an increase had been made it was only fair that the holders of debentures should have their full right to subscribe. If this was not done then the holders would really have cause for an action at law against the railroad company.
 Some slight amendments were added by Representative Hicks and adopted. The bi1l then passed unanimously. It \ Is substantially as follows:
 Section 1-That at any time when the New York, New Haven and Hartford Railroad company, having outstanding contracts entitling the holders to future delivery of shares of its capital stock, under the provisions of the amendments of It's charter passed by the general as- sembly in 1889 and 189S makes an addi- tionaI issue of It's shares for any pur- pose except for exchange for the capital stock or the obligations of leased lines, it shall offer to the holders of said con- tracts respectively the right to sub scribe for additional contracts maturing at the same time, and in the same ratio that new stock may be offered to it's stockholders, and at the same price, but Inot less than par.
 Section 2-Such offer may be made to holders of outstanding contracts, whose names and addresses are not registered .pn the books of said company, by ad- 'vertisement once week in one or more newspapers published in this state and in the city of New York, in the state of New York, and in the city of Boston, l in the commonwealth of Massachusetts, for at least thirty days prior to the time fixed for making such subscriptions.
 Section 3-The directors of said com | pany may sell for the benefit of said | company, at not less than their par val | ue, rights to make the subscriptions | herein provided not taken by holders l of outstanding contracts WILL OMIT THE SPRING PARADE. |
 As stated fin the Courier" the senate l yesterday reconsidered its action in re- gard to the bill giving the governor the | option of ordering or not ordering the | Connecticut National Guard to turn out | for parade during either the months of | April or May of each year. The bill was | then passed and immediately thereafter | was transmitted to the house, where it | was passed under suspension of the | rules. It was learned to-day from very high authority that Governor Coffin will | not order out the guard for parade this | year, the special reason being that there | is need of economy in state expendi- | lures.