Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-04-03
SENATE.
Erday AnriI g /!

and approved.
The President laid before the Sem
ate the order for the investigation of
railroads by special Joint committee OF
the Legislature.
The PRESIDENT: This order went
to the committee on Judiciary and that
committee made two report. n and b.
Report a, reported same under q ne"
draft and under the same title with
accompanying resolve and that It
ought to pass. This report was signed
By Messrs. Cole. Waterhouse, Camp
bell and Durg!n.
tThe Secretary read the order upon
which the committee reported)
order, for investigation Of rail-
roads by special joint committee Of
the Legislature.
Ordered, the Senate concurring, that
a special joint committee Of two on
that part Of the Senate and three on
the part Of the House, be appointed 70
inquire into tariff rates, rules Of regu :
lation Of Maine Central Railroad Com :
pany: to investigate the capitalization
Of said company and ascertain when,
to whom, and for what purposes It's
stocks and bonds have been issued
and what properties or other values It
has received for the same; ascertain
the cause Of the depreciation Of the
value of its capital stock; what. If
any, of its properties are Improbable
and whether or not the same should
be disposed off, whether there has
been any violation Of law in the &C
QUESTION Of its properties, and if So
what persons or corporations. if am
are under legal liability to make
restitution; to investigate the manage
ment Of said company and its sub
sidiary companies and outside prop
critics. including the amounts paid
since January 1st, 1900, as salaries to
its officers, attorney fees, and for the
purpose Of influencing legislation:
also investigate its past and present
relations and financial transactions
with the Boston & Maine Railroad
Company and its dealings with bank
ers and brokers in the fotation Of its
stock and securities; that said COM
mittee shall report the evidence to-
gether with its findings Of fact and
recommendations.
For the purposes aforesaid said
committee is authorized to employ
counsel and such experts as they may
deem necessary. and a stenosrapher,
and to compel the attendance Of wit
nesses, at the expense of the State, TO
appear before them and give evidence
and produce books, papers. and other
documents pertinent to the subject
matter of their inquiry. Said COM
mittee is empowered to sit in vacation
OF the Legislature, and shall begin its
investigation within thirty days after
the adjournment Of the Legislature.
and conclude the same as soon as rea-
sopably practicable.
Said committee shall file it's report
with the Governor and Council as soon
as may be, and the Governor and
Council shall forthwith cause to be
printed two thousand copies thereof
for use of the state.
The members of said committee
shall receive five dollars a day for
each day devoted to this Investigation
and preparation of their report, AMI
actual expenses.
This investigation shall not include
the physical valuation Of the property
Of said company"
The same committee on the same
matter reported (Report b ought not
to pass Signed, Messrs. Pierce, Con-
ners, Butler and McCarty.
In the House, Report A, ought to
pass ina new draft was accepted, and
on it's passage to be engrossed was
amended by House Amendment A.
blouse Amendment A read by the
Secretary
HOUSE AMENDMENT a.
House Of Representatives.
April /, 1915.
Ordered, The Senate concurrtrg.
that the following amendment be sub
stituted for the original order cover
ing the same general subject matter,
and that it is now
Ordered, the Senate concurring, that
the Public Utilities Commission is di-
rected and hereby expressly empow-
cred to enquire into tariff rates, rules
and regulations OF Maine Central Rail-
road Company to investigate the CAPT.
talization of said company and ascer-
tain when. to whom. and for what
been issued and what properties or
other values it has received for the
same; ascertain the cause OF the de-
probation Of the value Of its capital
stock; what. If any. of it's properties
are Improbable and whether or not
the same should be disposed OF; wheth-
er there has been any violation Of law
in the acquisition Of it's properties, and,
If so, what persons or corporations, il
any, are under legal liability to make
to investigate the man
q cement Of said company and it's sub
sidiary companies and outside proper
ties, including the amounts paid since
January /, 1900, as salaries to it's Of
GERS, attorney fees and for the purpose
of influencing legislation; also investi-
gate it's past and present relations and
financial transactions with the Boston
G. Maine Railroad Company and its
dealings with bankers and brokers in
the f1otation Of its stock and securi-
ties; that said commission shall re-
port the evidence together with the
Of fact and recommendations.
3 For the purposes aforesaid, said
commission Is authorized to employ
counsel at an expense not to exceed
$780, and such experts as they may
deem necessary and a stenographer,
and to compel the attendance Of wit
neSses at the expense Of the State to
appear before them and give evidence
and produce books, papers and other
dor IT, - r,,Il