The Bridgeport evening farmer., 1909-05-26
Bingham Charges that
 New Haven Go. Rounded
 Gov. Lilley to Death
(Continued from First Page.)

(COnCInuS0 ITOI1 Id6S.J tained under the law but that the com- pany wanted a special charter because it would do considerable business in other States. He secured the pass age of an amendment substituting the name of MT. Billiard for that of MT. Brown.
 In offering his first amendment MT. Bishop said that the holding company might acquire various stocks and bonds as it pleased and 1t was desirable to protect the investors of this and other States by limiting the amount to which it could issue it's own bonds. MT. Parker opposed this, saying that if this was a public utilities corpora tion such a provision might apply. 1t was not, however, but might have to borrow money and no one could say to just what amount. There is no inten- ton to going into a debenture bus1- those would have to come under the limitations of our general Jaw. He thought the many bankers and brokers could be trusted to look out that this corporation did not bond to- an unrea- sonable extent.
 Mr. Bishop in reply said that the dis tinction between this as business corporation and the ordinary public utilities corporation was artificial As a holding company this concern would manipulate g great railroad and should be as carefully supervised as any pub lie service corporation The House
 
 able vote and then he offered the sec ond amendment in regard to filing certificate of appraisal of property purchased. MT. Parker again arose in opposition to singling out his cor roration upon which to impose cond1- tions imposed on no other corporat1on The amendment was also opposed Dy House Leader Burnes who replied to Bingham of Naugatuck that he did not know why this company did not incor- porate under the general law. Leet or Enfield referred to the State of Mass achusetts while haraSSing and hinder ing the greater corporation or thls State which would if it could, give the best of railroad service to the whole of New England and besought the House to stand by the New Haven road.
 Chandler of Rocky Hill endorsed this position claiming that the House ought to think twice before it loaded tnlS charter with amendments which would seriously cripple corporation which hoped to carry out plan with Cover nor Draper and ex-Goyernor Guild Of Massachusetts. He believed remun- eration in New England would be pro- ductive of some good Wh1ton of New London took it that any opposition on the part of the incOrporatorS to as- sune the obligation in the amendment was a reflection on their purposes.
 Bingham of Naugatuck thought that Chandler had said that Governor Dra- per was in favor of the passage of this bill and contradicted this saying that it's incorporatOrS were in reality con- cealing their real object which IS to consolidate the railroads Of New Eng land in order to evade the decision of the supreme court of Massachusetts. That" said he, -is anarchy, hldeouS and revolting." He went on to arraign the New Haven road for its uncompro- missing hatred for law, in scathing Ian- guage denounced the present effort to have the Connecticut legislature ab- solve it from it's sin. Assuming in so many words all responsibility for what he said, he accused the railroad or having pursued the late Governor Iil- ley with venomouS and uncOmpromls- ing hatred until it was responsible for his death and declared that the House must not compromise with sin. The second amendment was passed by a vote of 102 to 73\
 In presenting his amendment limit ing the amount of stock, bonds and other evidences of indebtedness to $20, 100000 MT. Whiton pointed out that section two of the Billiard charter would permit the corporation to ab- sorb and hold all the railroad systems of the country. Bishop of New Haven stated that he had a third amendment covering this same point and endors- ed the Whiton amendment. A motion by Fisk of Branford to table the mat ter at this point was lost. Then Chandler moved that the whole sub ject be made the order of the day for Tuesday at 12 o'clock and pr. Knight of Salisbury seconded the motion. This was later amended to Thursday
 At the opening of the session the Branford court judgeship which was journed yesterday was recommitted to the judiciary committee after a short discussion A motion to reconsider this action was lost.