New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-01
FOR TRACK ELEVATION.
SENATOR MCARTER'S BILL FOR NEW
ARK REPORTED IN SENATE.
AssEMBLYMAN wAKELEE's ACT FOR BETTER
PROTECTION OF BoNDHOLDERs OPPOSED
IN THE HOUSE

Trenton. Feb. IS (SpeciaD.-The Senate Committee
on municipal corporations to-day reported Mr. Nc
Carriers bill for the abolition of grade crossings in
Newark with several amendments all of which
were adopted The original bill applied only to
hrst class cities. but the amendments extend il so
as to include municipalities contiguous class
cities, provided that such municipalities shall in
cur expense thereby The purpose of the
amendment is TO provide for raising the grade OF
railroads, where necessary. outside the actual
limits of Newark
Another amendment alters the apportionment of
cost by providing that the railroad shall pay the
entire cost OF all additional land necessary to be-
acquired and the erection OF new stations alter
ations to present structures. The railroad is also
to pay all damages arising to property
along the route of any elevation depression OF
the tracks These damages. however not TO
hHn 10 SUCH as arise from changes of street grade
actual structural cost of elevation depression.
compensation for the commissioners and their
penses are to be added together The railroad is
cent, and where two or more companies are inter-
Mr.. McCarter made another unsuccessful attempt
this morning TO secure the passage of the Newark
President Johnson, for the first time during the
meanwhile being occupied by Mr. Reed. Mr.. John
son spoke for the House bin providing that the
County be increased from 81 800 to 500 YEAR
he explained that the present salary was fixed In
about IS 600 Now it has more than 5000 and its
creased its criminal population in even greater pro-
portion ss The ha BIN %as pa AIS 80 ex N,
son for catching pike and pickerel returned to
catching Of pike from May to February 20. and
Mr.. Reed moved to amend by making November !
Was 70 prevent Ice fshing in Lake Hopatcong
whch has become regular INDUSTRY and Is rap.
pounds of fish are thus taken and sold by pedlers
These House bills were passed by the Senate:
Providing that any assessment life insurance COM
NAM n1 rrp6S rha la~a of Napr lars
may have all It's securities returned to 1t upon Ger
ben ME pr 1o hS 'Ge term of
ment shall not be construed 70 interrupt con
be two years thereof prior and subsequent to such
nd IN III hern Ss nv fh
Perth AmbOy Bank; incorporating the Borough of
These senate bills were passed by the Senate:
Appropriating $4,000 for two brick cottages at the
to renew and refund bonds. reissuing them at 1
per cent; resulating the compensation of paid fire
men in second class cities.
These bills were introduced In the Senate:
BY Senator Martin sd, giving boIoughs the right
TO Issue bonds for Poc @ 9a n ne az the
amount Of assessed valuation OF the property In
the borough. The present law limits the amount to
Senator smith permitting the use Of gin nets T.
October to May of each year. inclusive.
IN THE ASSEMBLY.
The morning session OF the House practically
devoted discussion OF Mr.. Wakeee's bill AFFORD
ing better protection to the bondholderS OF newly
formed business and Industrial corporations. The
measure aroused the antagonism of nearly all the
lawyers In attendance. They said that IL was I'M
constitutional: that II would, II enacted into law
revolutIonize the existing laws regarding corpora
lions. Mr.. Wakelee. when asked to state the name
OF the author of the bill. said he could not do
the bill had been amended In committee and
also the floor OF the House and had lost its
welt law in New York he added. and it's sole OBJ
feet make the bonds of corporations more
therefore desirable o
the bonds of these corporations were the market
now. II this bill passed many of them would be
listed on the exchanges In the money centres. anu
their negotiation would longer be difficult
The opponents OF the BILL including Messra, Rice,
remnant, Bradley, Benny. Albeit and Snyder. all
interests OF stockholders at the will of the mort,
this year II was laid over until next week
Attorney &c leral Grey. whose Cplnion was asked
replied S that the act Of 1874 With me amendments
power. 1t requires railroad companies to ele-
vate or deprass tracks when the demand Is made
Notwithstanding the reply of the Attorney Gen
eral, the NJ sCarter bill providing for track ee-
walton In Newark will be pushed In order to make
The House passed the following bills: Providing
that when a town raises 800 for free library the
by a State Public Library Commission OF five
members; fixing the salary OF the clerk OF the
tending the Veterans Tenure OF Office act 20 vet
OF the Civil War appointed to office by boards
Assistant city Attorney of Newark at $3.50 year;
the Newark City Hall bill and additional
Mr. Benny gave notice to the Committee Rail-
roads and Canals that he would move to relieve the
committee of the further consideration or the Dill
The House killed bill fixing minimum fee OF
80 for searches In foreclosure and partition SUITS
Del. Nr@y,ca al 40 r,aA r.. ma