The daily morning journal and courier., 1907-05-10
WILL LOOK AFTER
 CAME HIGHER UP

matter to be considered, for there is something more behind it.
 The charter has been sold, it Is said, to firm of brokers. If that sale was consummated, and I believe 1t was, the people who bought knew they were buying a, charter fourteen years old knew that it was charter for a road which would not pay unless granted further extensions of times and scope, and that the company's representatives had said to the legislative committee | that 1t would not ask for further priv i ileges Now the protomers come here, | notwithstanding all this, and say: Please grant us the powers we ask The Shore Line Railway company, which was incorporated in 1905, is owned by the same parties who own the Morris Cove and East Haven Rail- road company Section of this com- panys charter authorizes 1t to sell to, or unite with, any company, or to buy other companies, and to issue mort gage bonds therefor. In other words, the Shore Line company can buy the charter, property rights and franchises anywhere of any company and pay in mortgage bonds. All that this com pany has to do to issue bonds for the payment of any franchise is for the president and secretary of the company | to make sworn affidavit that the amount of bonds to be issued is no more than was paid for the franchise. ask, Isn't that a pretty broad privi- | lege for the state to foster?
 If this company wants a trolley charter, let us give them one, but not the kind which conveys unlimited bonding powers, permitting them to lease and sell and hawk their road all over the state We have cut such objectionable features out of every trolley charter this session, and will continue to Cut them out Under the charter sought for the interested persons find themselves in this posi- tion Mr,f's.' can buy from MT. J. at a price agreed upon between them selves. fThe East Haven and Morris Cove road might be sold for $5000, 900; then the president and secretary cetify to the state treasue that $5.- O00,9O0 is the price, and expect the state treasurer to register the bonds. Tine registering places no definite ob- lfgation on the state, but the process gives the bonds prestige among some persons who would invest
 q am informed that within two weeks the Shore Line company has presented to the treasurer of this state for registration mortgage on the franchise for $1,5OO,OOO. They didn't take the trouble to give the reasoi for IL. of 4Iot fcror Tbaxr brought in bonds of s1.5OO,O0O and asked the state treasurer to register them-for what purpose, I cannot tell. Are those $1.5OO,0O0 bonds the price of the East Haven and Morris Cove rail- road? l do not know. The state treasurer acting on the advise of the attorney-general refused to register the bonds I object to granting such powers as this resolution grants. No man should have them. So long as such awful provisions concerning sale end leasing and bonding are in the charter, shall object.
 'The giving of small towns the priv ilege of trolley lines will be strongly urged on the floor of this house. I agree that these privileges should be granted wherever advisable. But will the amendments asked for help the small towns? This point should be considered. I have given the req sons why we believe the privileges should not be granted. I move the acceptance of the unfavorable report and the rejection of the bill"
 MT. Griswold of Guilford said that the matter Is important to his town and to other towns, and that a prin- oiple is involved. The chairman of the railroad committee has read sec tions of the charter of the East Ha- ven and Morris Cove railroad. Why not read sections of certain other charters?
 MT. Griswold made an effective speech in favor of the resolution and was liberally applauded.
 Mir Griswold inquired why the chairman of the railroads committee did not read a section or two from the bill at the foot of the calendar, No. 3S4, file No. 277, which has been characterized by Senator Bulkley as bill which may dG damage to the extent of hundreds of thousands of dol- lars to the state.
 AS to why the Morris Cove com pdny HdQ dSkeu TOT lUe IlSnI to eX- tend its lines, he said, the company found itself in 1899 with terminal one mile east of North Branford, an isolated spot, and 1t became necessary to ask for an extension He told of the effort of trolley men to perfect a trolley line between New York and Boston, and the part which citizens in his neighborhood took He described the layout of the country in which the line is wanted, and told of the ad- svantages in shortened timN and direct route which the line would afford. He resented the treatment which cer- tain witnesses from his neighborhood had received at committee hearings stating that the s-questionings of the lawyers and that efforts to ridi- cule the witnesses from the country gave offense. He referred to one person who gave offense as being lone third wind, one-third mustachs and one-third impudence."
 He said that the Consolidated gen. orally gets what 1t wants, but the sn all companies have to wait. He favored keeping on the calendar all railroad bills until the senate acts on ., trolley bills affecting the interests of