The times. [volume] (Richmond, Va.) 1890-1903, 1896-04-05
RAILROAD LEGISLATION.
SOME OF THE MEASURES ADOPTED
ATTHE RECENT SESSION.
Tho Sweeping Provisions of the Pacific
Company-The y. a. w. Rc-organiza-
ton and Other Measures

The General Assembly or Virginia, dur
ing the session that has Just come 10 a
close, has enacted quite number q
laws. looking towards the improvement
| and extension or the railroad system in
this State. While a good many OF them
concsrn only private charters, so 10
speak and are merely of local interest.
| yet there are some that are bound 10
attract attention elsewhere, on account
| OF their general character Perhaps ono
| OF the most sweeping measures that has
| ever been enacted by any Legislature Is
| the act Incorporating the Pacific Com
pany. After passing both houses. the
| measure was laid before Governor OFFER
| rail-, but IL was disapprOved by him on
| account OF being too wide i'm its scope.
| The bill. with the veto message, was re-
turned to the Senate. where it originated,
and that body promptly passed IL over
the Governors veto. When It reached
the House there was a good deal of
anxiety manifested by the friends of the
measure as TO its final fate, especially
when IL became known that the lower
branch had disagreed with the Senate
and declined TO pass over the Governors
veto the bill IN regard TO the Berkeley
Street Railway Company, which immedi-
atey preceded on the calendar the bill
incorporating the Pacific Company. How
ever the herculean efforts Of the advo-
Gates OF the latter bill proved to be vic
torious, and when it was finally annoUnc-
ed that the bin had been passed Dy the
House also, Notwithstanding the objec-
lions OF the Governor then pande-
monium broke loose for 4 while. and the
friends OF the bill rushed around. shak-
ing the hands OF the members who had
assisted them in their fight.
THE LAW
The law, as 1t now stands on the stat
ute-book, names the following incor-
porators Of the concern: Harry Kecno,
Of New York; Charles CouGert. OF New
York: -. S. Walton. Of New Jersey; John
G. Barron, of New York; j.. j. Jcrz-
manowsk Of New York; Charles j..
Dietrich, Of New York; G.. Clinton Gard
ner, Of Pennsylvania; j. ". Hawkes.
worth, Of New Jersey; William a. An
derson, OF Virginia; Jose NJ. Yrigoyen, OF
Peru; Isaac Alzamora, Of Peril; John T.
II. Anderson, OF Virginia; Wheaton b.
Kunhsrdt. Of New York; II. NJ. Hawkes.
worth. Of New York
The capital stock Of the company shall
be not less than 100000, in shares OF
500 each but 1t may be increased 10
one hundred million dollars. The princi-
pal Office OF the company in the state oil
Virginia shall be in the town OF Lexing-
ton. The powers OF the company are de-
fined in sections four and five OF the act,
which read as follows:
See T. The said company shall have
the right to acquire and hold, use. en-
pIoy. exercise, and dispose OF any and ali
concessions, grants, privileges, ana I'M
munities that have been or may be grant
ed or conferred by, or secured from, any
OF the republics. States. cities, districts.
al. tglfftfII
or corporate bodies OF South America
and other countries. anu also 10 sub
scribe for. acquire. hold. and vote. and
sell or otherwise dispose OF me shares
OF the capital stock or the bonds OF any
company chartered by any republic
State. government, or municipality. III
shall have all the powers. rights. ana iran
chises necessary and proper Tor the con-
struction, control ownership. and use OF
railroads OF any description anywhere
upon the continent OF South America,
and Of boats and ships propelled by
steam, electricity. or any motive power,
and shall have any other rights, powers
and franchises necessary or important Tor
any Of these purposes, including the fight
TO acquire, build, ONl, lease, occupy, ami
operate wharves. piers, canals ship
yards, docks, elevators. transfers, llsht-
ers. telegraph, telephone, and express
lines. warehouses, water works, and 9TH
er structures appliances, or appurte-
nances. or property which the company
may find To be necessary or convenient
for the proper conduct or It's business.
Said company may also engage in the
business Of banking. and may conduct
general banking business, ana eslapiish
one or more banking houses In any OF the
REPUBLICS of South America, or IN any
other State or country subject 10 the
laws Of such republic, State, or country.
1t may act as agent and guarantee ana
may guarantee the performance Of con
tracts and obligations. II may acquire
and own any and all lands outside OF the
territorial limits OF Virginia that 1T may
find 10 be necessary or convenient Tor
It's PURPOSES and may Sell, lease, or
otherwise dispose Of the same. Ana u
may acquire. build. own. and use, OF
otherwise dispose OF wharves, piers, ana
warehouses. at or near NorioiH ana New
port News. in Virginia. and may acquire
and own. sell. and otherwise dispose OF
any land Necessary for these purposes.
LIMITLESS POWERS.
See 3. Said company Is authorized 10
carry on the business Of mining coal or
Any ores. guano. uitgates, or other NM
erals or substances. and OF manufactur-
and of developing oil and asphalt terri
tory. and raising and refining oils; and
may conduct said business at one or
more points in any republic, state or
country OF the continent Of South Amer.
lea. or in any part OF the continent or
North America. which drains into the
Paci6c ocean. in which the said company
may deem il proper 10 acquire property
or establish works for those purposes
and the said company shall have autho'
ity 10 buy. bold, sell. lease, or otherwise
dispose of any real estate, subject 20 the
limitations IN section four, or personal
estate deemed necessary 70 the proper
prosecution OF its business, and may, on
any property so acquired, erect and
maintain buildings. machinery, and
structures needful for smelling, manu-
featuring. and treating ores, metals, oils,
and minerals, or substances Of whatever
kind. or for the production OF manufac-
tured fabrics from wood, stone, metals,
or other materials. ana may operate,
lease. sell. or otherwise dispose Of the
same. and NAV. on its own lands, sur
yev and lay out lots. squares. or other
divisions OF such lands, and improve the
same by buildings or otherwise for sale.
lease. or other disposition or use, and
may lay out a town or towns, or town
sites and may divide tie same Into
blocks lots, or squares; ana may lay oNt
and construct streets through the same,
and may establish such lawful rules aud
regulations for the use OF said lots
squares. streets, and town-sltes as the
board OF directors OF said company may