New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-18
p S. C. AFTER CONNERS
Legislature May Be Asked to Deal
srifh Poscer Com pany.

x,,-.her facts OF the career OF the New York
,,vre-s Securities Company, In which William j.
oo,,e-s chairman OF the Democratic State Com
.Is,tee and w Caryi Ely. whom he favored for the
-ooc-stio CSovernorshsp nomination. are heavily
~,c-ostea became public yesterday. These shed
-. on the possible motive of the Democratic
ach,nes strong opposition TO the Public Service
roulrliss.on-
The Eoonornic Power and Construction Company.
:, ul,,eh concern the New York Powers Securities
~,-,,anv owns zg7 OF the 500 shares. has. in fact
,-sssv been under examination by the Public Ser
Ia commission OF the % District. and Frank w
e,sveas chairman Of the commission has indicated
rlesrlr the intention of the latter TO recommend
- she next Legislature s'sch action as VIII de-
1--WE the company Of its special privileges and its
.nered immunity from state control
The Economic Power and Construction Company
.,atxed its franchise when the late Roswell p.
r7ov-er was Governor. and Mr.. Stevens. during the
examination by the Public Service Commission,
"a 81 q e extraordinary way in which the fran
c,,sa as rushed through the Legislature:
7. 6 unnecessary 10 say that this commission
s.ss ,9or believe special privileges to anybody
Ard his B P PriGysee ae 6Snsass of the
connected solely with electric lighting, far
Now n may be said that this was conferred by
tie Legislature Of the state of New York. IT was.
j have personally examined the records of the
Legislature and find that this bill was introduced
srG which were conferred upon it were
bowers relating TO the pneumatic power solely
printed in any other way before the Legislature;
hr / am not able 10 assert positively yet but
Wat il might have been printed In the Assem-
h;r the other way.
iste on the night of Tuesday in the week OF the
1nai adjournment OF the Legislature the Legs-
ief~-e atliou-ring on THURSDAY. the introducer Of
- Fl!I orally proposed in the Senate. where the
nm was introduced, all Of the amendments which
ave 10 this charter any force effect at the
crescent time except II relates 10 pneumat tic
999ve- They We're passed viva voce at once bi
~ on the order Of third reading at once sent at
e-~e 70 the Assembly. reported the same night
f-nr TIE Committee Rules which had absolute
confro os the at that time and in the
xs-rFfv made special order for Thursday morning
eri RAISED that tine. showing cOnclusvely that
10 r5ernber ~ the Legislature had q printed copy
~ he bid with It's present powers before him.
Nou z special privilege which would overthrow
,h entire theory the control Of corpora and
give one corporation that which other corpora
Tor mas the right in this state TO have, was OBJ
tzinss under those circumstances
Governor Flower signed the bill two DAYS after
# was passed.
Nj Corners denied last night that he owned the
controlling interest IN the Economic Power and
Construction Company. and added: IF the stock
o. TIE Econouic Power company IS the good in
vestrnent the article in the morning papers de-
scrIbes il 70 be- I can only say that viii sell It
fe7 the exact price I paid Cor 1t, and any one
wanting Il can have II now" The chairman said
that he paid s91O10 for the stock.