New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-13
RIIL TO RAISE THE DEAD
u,JL NAY HAVE H HAND.
,,..,,r gf TO GaIcanise Many Defanct
Railroad Charters.

-
fl'' - 7g8san and J. Tredwen Richards are
.,.s.r directly or Indirectly connected with
pc" ..-,sbing attempt on the part OF the
tae - vvestches;er and Boston Railway
q concern OF suspicious antecedents.
ooHt -, immediate rapid transit for The
AZ HU himself It Is thought may have
hand h u .-.- .-.-,,.. ....,, -.
-.scs al ;he way from the New-York
u.u The political game preserve OF the
-,--,s through wall Street, and thence TO
-, -be-e two bills have been introduced
s.-s,o- wilcox and Assem- blyman Bostwick.
,r,s-al provisions galvsnize into money
=, s,s,,c- corporations whose titles are
- or make Il easy for speculative corpora
= Grade the provisions of the existing
railroad law
.,,.r,blv-,an Charles 2. Bostwick apparently
-, h.sn hoodwinked into introducing az Al
-. hu which until yesterday looked
- ,s harmless. whose provisions VIII make il
- Gov pet rich quick corporations 20 do
es,,ss, ReuublicaE lawyers who heard of
-. .po Rostwsck bill permits said that il
,..s,,,,,e5lz Was introduced ia the interest OF
- b.,,re-e of the New-VorF. Westchester and
Boston Railway
The rcttenness OF the deal whereby the people
cf Tho Bronx are likely 10 be robbed OF rapid
,-anst for which they have been working for
the last Eve years viii probably be uncovered
AZ a public hearing ordered by Mayor McClel-
Ian AZ the city Hall on Wednesday.
r fs nov conceded that. while the Bostwick
tu nav have been conceived primarily In the
interest OF the Westchester and Boston road, a
liberal construction Of its provisions would open
the door to sn sorts OF stock watering. 1t prac-
tioany emasculstes one Of the most salient feat
ures of the railroad law, in that It relieves cor
porations from being subjected TO an inquiry
with reference TO their financial ability.
THOSE WHO WAVE THE RED FLAG.
The Tribune IS informed that the men who
hold the red fag in the middle Of the track Of
Port Chester include Charlie Bacon. whose
mufled footsteps awake the softest OF echoes
around the committee room of the Senate Com
5nittee on Railroads these days David B. HuI
challenged the validity of the charter Of the
Port Chester company before Chief Judge Al
ton b. Parker in Albany last year. and re-
revived p sharp rebuke from the bench. II he Is
no longer back of Bacon 81 will he news 10
Wall Street men. Leagued with Bacon and Hill
are Cyrus Field Judson ana j Tredwen Rich
ards Nr Judson had the centre of the stage
and an overabundance Of IimelIght four years
ago. when the Hoadley Compressed Air concern
vss ventilated. Mr.. Richards is associated with
sif Judson in opposing The Port Chester noad
J seems thai these men have prevailed upon
NJ Bostwi,k a Republican Assemblyman from
The KlNth District. 10 introduce one OF the most
surprising measures that the railroad LAWYERS
Of this city have ever been called upon 10 tn-
Vestigate Mr.. Bostwick introduced the meas
ure nm January 20, and it is now in the Com
rittee ou Judiciary. IT is entitled An act 10
amend the stock corporation law relative 20 the
Increase On reduction Of capital stock"
The proposed amendment nullides the strong
est provision ~ the Railroad Corporation law.
which subjects the applicant 10 a rigid in,-es,i-
Fsuon by the State Railroad Commission. b,-
interpolating the words by unanimous consent
OF the stockholders in writing"
The principal stockholders OF the New-vo-l
Westchester and Boston comparv are ,,,sa~-
stood 70 be Charles p. Bacon. William r rru
and their immediate friends BY .unari-noys
consent under the provisions ~ the p-onosas
amended stock corporation Law. they couI5 .,-
crease tho capitalization Of their company with
or satisfying the Railroad Commission ~ .-,,.
one else that they are going 10 build any -,fl-
foad. or that they have responsible H77rciaI
backing
senator Wilcox. chairman n the Railroad
committee of the Senate has reintroduced The
u" "hoh died from zoo much publicity last
year because of its suspicious provisions d,
= no" on thlra reading in the Senate. awaiting
d ousy day when the members are axc,+os .ro,..
other things. when doubtless 3, viii oo-,o ~,
.ior hnal passage. The biu is a slpp,e-,er. "a
'ne remedial bin passed last wear which en-
SDieo ne Westchester and Boston oo-,-s,,. .,
assert that its 1872 charter WAS SIR arivo ~.
N01Oe with the bin last wear was tba- 8, ,7ia
- 60 BACK Tar enough and was not cor,prs-
enough Ia tie terms. ~ wflccx,S rer
e4@"s These defects and viii 4 IS ex,e-,-
Boston oompany ana
''9ilALL DOES not FEAR THEM.
,s-,..7 ..-enl 'ioishal cf the Port Chester rom.
g, 'Shea Yesterday whether he knew +bs.
,-5,-5 -. nacon J. T. Richards and C,.r,,.
- -son. ne same men who had o,,,oso5
r-,...- --' me New-Y9rk City and p-os-rbss..-
"a. -. pai3- were The moving rrfrs.s 4,
- q jne Wes,chesie~ end Ror,o~ ,,,,-
Foaa- he replied ''''1 ran
.,. Ano" thar Messrs. Bacon r,fr,,,-s,
y. '- are me real moving sf.-i-s q, ,ba
49,, - Fl" "es'chestsr and BoSto, Ran-oas
u "n u Tor some time. but g. IS . ,,s,ta. 1
IN, 'seqaence 10 me"
haFe any ove~t1,-as l-,,- -,
O. these rnen2- -''oe 10 y"u ny any 4
20 i,s have been n,ede. ia some v-nv /
ssa .. WIN The Port Chester railroad nv /
IA. 20 H. believe hat the, asser,
sen. -.''1 Whatever there may be 10 then /
O. H., -''7' CHARTERS gran-e6 in the Boroug, I
= -Ie Bronx and Wes-cl,ar.s. 60. -. - 1
- Fs'i'os Curing the last FORT, ve,-- ..a.as 1
49, We were interested .,t.t. z. a, .
'oaa and did not care 20 80 ,r,.~a,..os = /
l1'e anything 10 60 Win So. - - %
any other crowd" 'e ROAD OF
VIZ y.-o &c. lawyers said yesterday that tho
~, OH would revive any dead co-,or,,io,, /
- .oo not cnr-nILea -.