The New York Herald Newspaper, March 15, 1872, Page 3

AEW YURK HERALD, FRIDAY, MARCH 15, 1872,—TRIPLE SHEET. 8 « THE ERIE ACT port in favor of sald bill and recommend its passage with | enth and eighth lines of the first section the words, | was not a }ive institution in the country, except the camp fire from twenty-five millions to elghty-ste ema AN ERIE EXHIBIT. e e their U ” Dy a Erie road, which appit Y , elr terms of office and,” ‘The amendment wis a ich applied that principle. millions, and of this sum there is actually sald to dimen "To sustain such recommendation we desire to cali atten- | carried. > FIRLDS asked If life 1 a tonto the Sie after. the present: direction “ear. D. P. HLL. Moved to strike out the whole of ly this prince! Ne of classifications. ie bea deficit unaccounted for of fifty-one mititons‘ ‘wok possession od covered up in some ingenious way by those wna Passage of the Erie Classification Repeal i Bill in the Senate. Of the road and | te first seciion. He said ne would maxe a few re- USTED replied that they did not, led) of the company, rep- although he understood tnat it ded debt, inarks, pro- Mr. MILES said he was in favor of this bill, al- cd eelerred sock and fun claimed that the bill was to becomes Jaw, and it | though he belleved in classitication, He was op- The Exira’ as deri have had access to the Erie books. The item of Ce pam At ihe date of the Laat ras ussless to ofer an: fertuer sopbostt 4 Ot. | POs 120, gperial Tegislation, ros ne | wanted ine vagance and Squandering | «agents ana clerks," which in 1867 was but z el 10 er oil in which nis constituents | Classi m act Wiped ont. le lev oat tli, in 1871, we find the fo, ,,orer, B1l2.00u0 | wero so much interested, We claimed that the | classifieation shouldbe ‘earesull arded, of Seven Lon SELES See cee 000,000 in avout four years. | Principle of classitication Was Tight, because Il tive | in legislation. fora. par. & Years in the enormous sum of $1,173,629 22 set down. ; was special permanence and stability to the management of | teu lar crisis, mag “elegto hela under it was Erie Railway Company. There is an merease of over four hundred thom Ordered to a Third Reading in the Assembly. railroad corporations. It insures that directors of | fraudulent. The managers Got possession of stock experience in the @oaduct of tne road =5aut ways \ enough to control the elegtton, sudceaiy closed ey, Ost ok 8 eb sand dollars for condactors, baggage and brake- during tia ° aera ar foetus Gig ndual the di- | Cuele transfer, books withoat WaFhing, and then men, and & proportionate inorease for engineers A r ‘i r temporary success | went through the tarce of an election, crying ou! and firemen. Tho Erie ave always held that and’ also the Saraings of the reed Pine none one, ana | Father than x= 3 that tho siovxholders were unautmous’ iaeuppore | HOW Stockholders Were Bled—'‘Contingent baad a under their management the road has been committee hi rensed anded r THR FUTURE SUCCESS OF THE ROAD. of the managers Who originally stole the road and y? “Seer it ton, “We Lave aske ft and semansoncn esrugy |” Ho clalined hati was uot s ucw princi, Tt | now alae Ivagalae fo was in vavoe of taking the Funds” and et Service” Money for the aster to travel on than any otter road'in the United for these immense s M00) inerease jn the coplial had — adopted ior years in England, it coin a | principle of classification general, and providing Roughs and Lawyers—A New Chap- States; but the appalling tacrease in deaths and in- vi oe “1 Wa have required alne of | Far’ Oi tne general: railroad Jaw Ol Great Britain. proper safoguerda, #0 that i should not be abused. ter of Erie—Fifty-one Mil. juries {rom the year that Jay Gould became a db rectors of the Atlantic and Great Western Not | fei nasngeerees and Weare resaired sine, ‘ne same principle was adopted, in 169, In the con- Mr, SMYTH asked how loog it was after Lne act y: o Toad, which at the time this direction souk pos: | Stivution of Hiumois, It had been adopted in the | passed before the classification was made. lions of a Deficit, rector until the day that ne was deposed are too Higible for Blection as Direetors session of it ruow to ovr $1040 per yen, ‘and which | States of Ohio, indiana, Pennsylvania and Wiscon- Mr. NILES rephed that according to public frightfully suggestive. Let it be remembered that Mio ie ceminds st tose eaceattnethes teams nea. | the Slats, Ho aileded ton remark sake oy agom: | Leth a wae uoe aobually, toate UnAl eee BS your us made DO ac~ le - Eno u te Un or tory explandtion hasbeen given, ad, we are ofthe opinion | tleman 1h the Library the other day, That gentle- Cight months after, and that he felteraved thatthe | , We Print below a startling array of figures, giving pone can be given. Tae hat any necessity exisied | man was surprised at the simplicity of the provisions | election was inaugura’ed and carried out in traudg, | the earnings, expenditures and enormous imcrease | 46 castor to shut out the press than to be able to re x tthe foregcing immense amennis ot | Of the Classification bill which he was examining, Mr. ALBERGER believed that the workings ot the | in the issue of stock of the Erie Railway Company Yatotke and securiti oreqoing Immense amounisot | why.) gad he, “these directors are cluasi- | Classiileation law in the Ere Road had proved 1 to bein, habiitate that which 1s, perhaps, beyond repair. Long-Winded Speeches For and: No al tae eee ein ee te | fled ip the same’ way as tue trustees of our | bea very dabgerous principle. He hoped to ace | (°F the last seven years, being the most complete | ‘The Board of Directors were examining vouchers toget the nat tacome of the road, | Methodist ohoren.” (Laughter.) Mr. Hilt fur- | 9 logisiaion Wherever @ refornt coula be | table of its kind ever before given in counection | and check books yesterday, thongh they relussd to Against the Measure, havé been expendedin improving is condition, ts rifing wits | ther sald that the same {principle was applied | made, with this great railroad property. SuMice to say | Woud i not be well to hurry up the financial repor’ common sense and ee. We do | in rural cemetery associations; it was the same Mn HENRY SMrrH (the Speaker) said he bad never | that the items ure incontrovertible as they are taken z 101 Mivi r iat iD. ‘a8 to whether the nes express our | principle by which three Commissiouers of High- | expected to see the time When argument would be an exnibis immediately ~ ee A Se ea ete” ee real than ay, Bulogists of the Ring in High Indignation. the meeting of the new Board of Directors hetd yesterday has an air of mystery about it and thai it, af. the Brie Company, and the v1 from the books of th nipulated by the | vouchers and actual expenditures coirespond with ‘ways were elected in towns; 1t was not a new prin- | iilusirated by comparing Jay Gould to our Saviour. m ie company manip' y It in claimed ty the directors that they have not realized | directors and trustees were requirea to beciasaitied, | bravery by clevating Jay Gould to a point of such | ‘Ne expenditures as below stated are certain to be | _ It ts doubtful if there wilt ot be some very tre. the amounts of with which they are forthe | If this bill was to pass he would fight all such bills | disunguishod consideration, (Sensation.) rather under than over the actual sums of moacy | Me! leaks discovered in the Erie treasury on & on. Feugon thal in tho conversion. of the stock of the company | in future, The counsel of the English stockholders |‘ Mr. D. . HILL said tat Ne had said no.sueh | squandered for various unlawful and iegitimate | Close and imoartial investigation, and there 1 oer. ) Wwiantos had admitted that in the abstract the principle of tainly nothing reassuring to the atockholders in the . ble bondd, they ware not able to salt shose at par, How low | Clasaincation. was Tight; Dut tle patty Os ay Sen gentiomnan spoke of purposes, figures obtained solely for the HeRaLp, and-whioh particular amounts 3 bl ‘Wall street Jay Gould and his rT be we hasten to Jay before our readers. It will be seen. gelved by the directors from this source they have not in- | amoblers of Wall 8! and THOSE NINE APOSTLES ¥ Gomis & associates became connected | thar tnat iruitful ilem of Erie corruption and dis- . Report of the Assembly Committee in | Sssbersmtic, Tansee, onjectad wo ik pene ese nan tor ane | Mubemng ator ne, sate thas Jaana lacs | with the road iniS6r, a aince that year there nas | honest" auown as "log expotses” e hot met Whetthe ctostiol tsb om during tne first year of the | interest to have these Austuatioas inthe mauage- | would alow Mim, that the bistorieatimeident tq | Deen A tremendous Increase im all the departments Honed tm shia table, “4 . Favor of the Repeal Bill. admini nd during tie sesond cece over yon vouty) | mcut of rallwWay corporauions. When these cnanges | which Judas Iscariot figures Was the betrayal of | where frauds could be perpetrated and covered up | ,,1¢ Would not have done to have placed that fester. ot leper neg geen pried pany Occur stock goes up and. down, and they profit our Saviour, (More sensation.) The speaker then | py plausible pretexte, We find the “contingencies” | Weer ote dost aot appear ene aaa nee and the . W directors flooded it That 8 an argument that should commend it- | went on to de! the history ot the management of “ caltdove uates t “py sof pafehascra | self tothe Louse, He had received through the the road, awelling upon tile facis thateis was a | (Whatever they may be) tucrease from $32,300 86 in | Yer. Fee ae nate, SHetONSS, | Commenter ee that (ihe supply of rie wook was ineshaustable,” how Assembly post office, in common with other gen- | dividend paying road at whe time the present man- | 1867 to $146,020 62 in 1889 and to $109,252 48 In 1871, Ciam TS RES ToNet. Cate. Fre pth eed proper prices nen, ircul irom # firm of Jew brokers in | agement 00! posseasion, Mat the: ry it cr 7 a ee ence eecae ea! sat Ruy ot | Wall sireet Volling tne bombers chat it wan very | oveased we nominal capital irom {2 | “General superintendence” in 1867, $118,461 51, and | mentioned, In the meantime, while we walt for ‘the What Has Become of the Sur- plus Income of the Road ? The Scene in the Senate at the Close of the Debate. 4, important that the bill should be passed, as to $8, ‘and yet the earnings of the road for | 1 1870, which was known as “Jim Fisk’s” year, it | the financial report, which is said to be in prepara- pea tie | Roeeetetaeafeee eerteemos | Speicietes oe een, szemmiecea | Mam wg se pees Set eS ul ould give such a @ satistacto: rofitable management o} 4 vain for the oe ie Wall street and ree sweet ferences. Bo the Central Koad.” He sald Viet Vanderbilt attained ‘The issue of stock ascends like the smoke of a | der on the causes of such waste ind extravagance. reports hat is an argument why it should be repeal ry ition only after a lifetime of industrious —- a = fe cecal: ei Girelen charged to” accbait, of construction ‘against | THe, terms ite Judges of ihe Court of Appeals | attention 10 ralway ‘matters: Mut Fisk, Gould & aN Test 1868. i889, isi0, Tei. "forms had been changed in order to give stanility to our | Company came irom Vermont—pediers’ wagons | 75, Soak atkeaitel [| Saaunbee Gal SEAIL dip GOP aecem ana Go|: TRamESIG Onl BRAGA aTINEEE Ramos laws, ‘The terms of United States Senators are made | and Pennsylvania tanneries—and secuied ther po- ant Of, seek! subaan bed, 25,106,800 Uv} 25,111,210 00] 46,802,210 00} 78,596,810 Ov} 83,088,910 00) 86,586,910 00 Amount paid om, as per last to expire at different times. The Regents of the | sitions by efrontery and dishonesty. i 105,800 78,586, 88,636, University of the Stave are classified. ‘The Canal ‘The committee tien arose and reported progress, oat an ww "4 espn aki beth terre ing hentai ws mae ALBANY, March 14, 1872, Commissioners are classified, because It 18 ior the | and the Assembly Wok @ recess until evening. capital stock 25,106,800 00) 25,111,210 00) 46,802,210 00] 78,596,910 00} 83,586,910 00} 538,911 8,286,900 00| 25;866,854 b4| 25;439;040 Oo| S8°Soer800 Oo| $8.96! u0 | SE;aMe" ees Oo rience ry ut in at the same ume. Vhen the House assembied in the evening, the “ peer sep ee See ee ee ‘The resolution of a jew days ago had made the | discussion of the Erle Kallroad question having Fioeting de sattetasienead bitty ease sa Bir $3 sta tos 8h tion taat these directors have Dalauoed thelr accounts for | Principle all the more necessary, in order to protect | been resumed in Committee of the Whole, Mr. Al- | The amount now’ of Goaving " . 1871, and are able 1m thelr report to present even an apparent THE INTERESTS OF THE PEOPLE, Vord tn the chat, Mr. VDDsR reopeyed tne debate 4,688,615 29| 8,524,818 28] 4,890,735 a| tel a he debt,, engasse gn easeg - amount charged against them in | These revoiutionists were one faction of the Eng- | by alluding to the intimation of the lack of intelli- | Total amount now of funded| 36,007,450 28 126,064,723 98) 98,902,808 81) 23,808,600 00} 2,808,800 00) 24, % 6,410 CO ,7100 00} 00) a = \ At Iast the Brie Cigasification act is practically Wepealed. The Senate udoptea the Southmayd bill, ‘with the few amendménts incorporated yesterday, ‘and with additional amendments which were in- corporated to-night, providing that no director ia the Atlantic’ ana Great Western shall be & director in the Erie Board, This provision ‘was also inserted by the Senate to show thatthe ing the matter of wwe sale of the stocks and bonds. But that | ligh stockholders, Oiher rings of stockholders may | gence on tue part Ol the residents of the goushern | | and floating debt .. 170.000 Uy 21;141'00 00) 32231 * 06) "968, x0 vo} barre ALANOR, F1OTITIOUS AND ABAURDY Obtain possession of the road, aud the officials of ner ‘of counties who had signed the remonsirances | Increase of capital sto 4,062,934 84} 61508 i the old cor- v = =| 1,868,022 58} 607,064 71} 113,802 06) = " Tnorease of funded devt.. will at once be seen when ft is recollected that the road be changed from oue end to the other. He | ich had been gotten up by the Ene Ring against ation was Dot in Hauidation and iis assets transferred to | Made the prodiction that u the bill Was repealed | any loirisiative inter.erence with the management Fone idaenane Taek ai roa Decrease of floating debt tn 1862; : way Consgane ares bat all its accounts | there woul or whe rail He repelled the insinuation, | =~ por se ea eT PG TE pelt cite abel int : ile fr Ae flee id be & Hew direciion every year. If the — oo ae were closed years an and debts were r d because | mununts * Drevent movement in tne snerosts of tne Eric | sompiuay represented vy the @lowWATes charged in there: | OC tho Misconduct of & few Mole Wicro ls. No gous | MOR ae ee Oe OO ee aT eRe ae a | Gonatrwtin Cnt og Rood | Bwadet’ | Purmnte | Payment | Payee | Parmente | Payment | Bi . ce "As next ia-importance to the consideration of the acte ot | @Tal law under witch you cannot flad particular | o: tne State. No people would sooner condemn a sect oneud oe ce Mlathveaellll Manas Bb i Oe oe the hands of the Atlantic and Great Western Com- | the directorain respect to the business affatre of the com- instances of wrong. It, us stated by the counsel of | wrong or lend @ hand lor the vindication of justice snaasicselh MM 3 7 98| IB, 027 €1| B08 HOD 22! GBT, Add 96) 118,160 61) BOS, 200 4d 10,151 63) js 0} =| —| —| #40 OO —_ 1,078,508 78 i 7,703 | 758,982 90| 1,005,17069| 181,151 75| 675,727 04 ations, but it Was ag:umed that when they sent in here pe- puniiciags ong xi ia teee 198,967 60 208,787 14) 213,777 69 230,013 91 31,646 59) 461,616 i! 257,539 65 pany £0 as to INAUGURATE A GREAT MONOPOLY, The Assembly, however, refused to incorporate that clause, on the ground that the Legislature F should not thus interfere with the freedom of any, your committee have inquired haw they bave been con- | the English stockuolder’s the bill was presented mere- | thun the residents of the soutuern section of tu Unuedin office as directors ihereoh Weare of the opmion | ly for the purpese Of ousting Gould, that has been | State. He believed that those who had assailed te Te ‘that this has been done by the fraudulent creation of voting | already done. He argued tnat there was no fraud | motives of the residents along the ine had done so | Superstr perenne pee i by certain conditions of law | Ju the matter. The directors were not classified | without any intenton of blackening their names; | Passenger and freight ‘The directora were not authorized by law to tasue stock, | U2Uer this act until the tall of 1869. He ciaimed B75 e4| ii, 1 ine and ¢ay |ro1 ma- They could only wsue bonds for money borrowed for th taat the people had rights which should be re- ullons In favor bf the present management tiey rt a purpose of completing, finishing or operating ther road, | Spectod. ihey subscrined to sue sock ol the road qhine shops, machinery and micaut Jay Gould and his conlederates, What peo- txt hckes emer. 8, 10 003 13,59 American citizens. with the privilege to the purenasers of these to convert such | Originally, and on a foreciosure the stock was cut | pie along the lie, however, mean by the present Landdand dami and fences! “ae 17 See a Diitity sooo a Riatte a2 00 . oa bonds into stock at par. It was stated and alleged oefore | olf. He confessed that mis sympathies were with | management, he said, 1% Locoiotives and fatures. and , The scenes in both houses were exciting dur- | your committee, and we belteve it to be true, that the immense | the people. He argued that it was obnoxious, THE MANNER IN WHICH-THE ROAD IS RUN, snow plough: 2,019,988 93} 1,503 00} 414,198 82) 509,510 ing the debates, which consumed most of | isiue of stock hereinbefore stated was mhadé through the | gpectal iegisiation. lie had oiten admived the elo. | its pliyetcal condition, ‘Tnose people have khown | Passenger and bagi £31,228 06) 43,078 45) 68.116 35) 75,489 76 the time of the Senate and Assembly at | ue, “yt the uuchasera; that sucks thereo? ped quence of the chairman of the Judiciary Committee | what the road has Deel ta the past, and they Know Pavenias and Pwanigcaing, Ue iit pcihh | RA “a thelr morning qnd evening sessions, The lobbies | sham and made to. ihe more tools of the ai- | (Mt. Prince) on the subject of special legislation; | what it is at the presenttime. They have a deep | ° treet terri a —| 178,200.88] #8,009 65; 5,685 73| 16,836 99 an i 4 : rectors, who immediately converted the bonds into | he did not see how he vould consistently lake such — inierest in it ne passengers and as persons who pay | Discount... _ -j 4,774,200 | A were crowded and the debate attractea universal | stock, phe pipe yee eee —. ong ee eo @ position in the iuture if he voted for that bill, He | fare, amd when they say in thei petitions “the | New York an 88,964,728 45, - =| - 6,891,955 66) 30,582,445 19 s interest. It was a foregone conclusion in the minds erate said that men Who mignt be in favor of s simple re- of ail that the bill would finally and speedily pass or purpose of creating deuitious voters, Woo would thus be | peal of the act Could Not vote for it in Its present aoe oe a Oe the tts matement de- | shape, Mr Hill alluded to the fact tat present management” they mean that they are op- v posed to amy interierence with the facilities tor ‘otal. fencascte cha ESS Gihey si 45,879,023 26] 228,023 24! 740,215 18 travelling and carrying ireignt with which they | — TT = = — [7,908,680 27] 6,645,868 04] &a13,608 01 8,088,775 90 both Houses, but a few Senators and members preferred before the slock, and certainly of more | this act. was the work of @ republican | have been turmisued. They assumed that 1866. 1867. =|_1808. isn. be a fe than the lock of the company. Itisimpos | Legislature. But it was not a ‘party quesuon. | under the present iaws of the State there Tia inites |Z" niles] 460 miles| 489 miles} stove’ to delay ‘tts passage, | After 9 force but) Winans lieve, except pen, ar m He observed that one of the great leaders of tne | was ample. power and honesty enough Sra: Zzia eer. gees] aan ‘unequal fight on the part of those few Senators and ‘THE THEORY OF COLLUSION AND CONSPIRACY democratic party was presen to-day, uithouga not | in the Judiciary to panish all crimes a® allexed | Lenzth of | goub members who thus undertook to champton the | thatthe purchasers of suoh bonds, to the amount of over | in his seat He was a director of the Futtsburg, Fort ull otuers who are called his | . clding sidings... 848 miles} 863 miles| 362 milen| 380 milles] 38174 miles! 39736 miles| dead cause of the late rotten management, they were finally overwhelmingly defeated, Mr. Madden ‘was the chief exponent of the Erie Ring in the Sen- inst Jay Gould and . ‘el ebateceraces. ‘Therefore they had sald that if the | Length of branches owned by law Was iusuMicient to bring these parties to jus Length ol gin tice, if injustice they nad done, the law slionid bs 80 s ainended as to strengthen the arms ol the Juuicary, wit, the con this 3 principle of classification had becn adopted, ET eee inter Inet as rast | and he Wes made @ director of the fourth clas. Hé Under hs, existing law aay person tn whose name | did uot see how these men who Bucepe these rail. it the company’s books is 814 miles 314 miles| 814 miles 364 miles] 38434 miles! 455 miles) ‘81 mites 82 miles! 37 miles 60 miles! 60 niles! 783y miles! ‘arty mill fies could ‘all’ hewe upon the same | Wayne and Chicago Railroad Company, in which ot” rail “Per yard’ on 6. = at ds on way directorsnips could deny this right to tne poor | go that every man, however Nigh or low, migut be track, 56 to 75 Ibs. 64 Ibs. /64 and 70 Ibm /64 andi 20 tbs. 164 and 70!bs. 164 and 70 Ibs. até, and Mr, D, B. Tali assumed the same réve in the | tiiitienevete upon ‘ity eliher ta person oF by proxy at. | Wie tmanaeement. He onjested 10 ; feached by i and: punisued lor all the crimes and ia ee ” Assembly. Messrs. Madden and Harrower were the | though he may long since have parted With Gite ‘Raliees THB PROVISION PROHIBITING AN INJUNCTION frauds that he sf x 3 a a 3’ + orney Gene! wuo ba aken sach a prominent ‘was no! 10) raat ce ! 178 \™ We 21a 220} Une Southmayd bill on the question of its final | pursins ne ores ins P dh” an we Believe aked | Part in this matter agains, tho present manage- | part of the puvhic property o! the state of New York ' oe 7 passage. the or the Pe: in the names of | ment, and had attacked it im the papers, over fu hd the poopie nad @ right to apear apon then - «6 60} 66} u“ 4 63} ‘Tne vote has not yet been taken in the Assembly, | {2¢,,sham, purchasers of the bonds in whose names own signature, should ass BE chose © monoid hs a fect, ie, alte tants aloug the Ith 8 had cont isa ed ama bee of a a eo 1 ni n apectors of elec! 5 na ie recoliect ireely 3 construction. erciore although a) | The House having sat until nearly midnight and | to vole for those directors, abd that thea 2 tat in 1868, when the Brie road was here, asking (0 | they might not be stockholders or shareholders im | Tumber of treiglit cars. -+. rg _ bi ioc bil hati having adjourned before coming to a vote on the have their overissue of stock legalized, they were | the road, they still had @ pecuniary taterest or © pp by the New York Central row. | A BIGHER INTEREST THAN THAT OF THE STOCK- He noticed the same elteicae by of persons in the | HOLDERS. Senate Chamber yesterday. He saw uponthe foor | Having said this he asked, could afy member on ‘the President of the Midiand road, the President of this fuor be Accused of disionesty, aud should be tne Albany and Susquebauna road, and the paid | ve intimidated by any aexertiun that no “nonest agents of the Ke ‘ork Central roud. He tho legisiator shoula voto agaiust the measure, even eg) 18 it Was tae purpose of get ing ' though is sense of propricty and justice might be the Erie read into the Handa of the Centrat man- yestton : rf 459 miles} 459 miles} 459 miles} = 469 mics; 459 miles| 409 miles 9,440,970] 2,407,401, 2,472,604) 2,887,407 2,900,189) 8,068,701 4,063,098) 4,051,875] 4,411,978) 4,924,172 6,496,190! 7,611,065) 2,444,995) 245,180) 9,195,048) ANT,TTS | 3,275,025) 2,608,482) Duniork, . Number of mi Dill as amended, so ag to make it corre. spond with the one adopted in the Senate, The Jower House will pass the bill in the morning and wend It back to the Senate sor concurrence with their action in striking out, the amendment with classes) carried An Cars. Number of mites travelled passengers, or number of| . welerence to the At Great Wi sure otherwise ;’ The suggesiton was far-fetched and assengers carried one mile.| 167,725,808) 198,494,241) 124,812,864] 128,455,158/ 133,589,109) 148,242, tanto aang Groat Western Hail, } sess, of agement; it was the imterest of speculators and | waworthy @ moments consideration. Members | Number of tons of 2,00 J " | me om - road, " ¥. directors have been greatly Severed ind, pcbelt | gamblers and Were the agenis of the people who sent them | , of! 3 oe 8,242,792] 8,484,546! 8,903,248) 4,812,209) 4,853, 4,844,208) Ga the opentug of ‘the Renate, Mr Robinson en- j designe by the, pesacss Poe treatm cer eee ene DILAPIDATED POLITICIANS. Morey ‘and as. far as he wax ‘couoorned | TOlal movement of freleht \Reavored to have the regular order of business sus- | fhe'directors in oflce were allowed to aasaly themeeives | Th1s was @ locul matter, and it ougut to be Jeft to | the views of bis constituents would be is ee _mile. ‘ 478,485,772! 649,888,423) 696,609,905] 817,829,190| 896,862,718) 807,446,733 views and their will should be iis vote, Assuming oa motion to put. the Brie biit on. its ‘tinal ‘that the purposes of the peopie along the line were rolou, 1 from to five ; 80 that of the | the people along the line. Yesterday he had pre- yao Noard of seventeen ‘menroers no ‘more thou three oF sented a petition, signed by the tg and every 5 "] 1869. 10. 18n. ‘Tui brought Mr. Madden out, and jumpe | four would go out eee “ae five an eee = me city Cy Bhs cia de ae = purely or H ta Ro hry eo ane we Raaee cial eet a P| IK | 17 exclai “ i le county of Chemung, etitions of & simi- committed py Jay Gould and Mis co! rates; 1,744, 5, ge ae erence, by damatnots aA | of this kind, ax applied to, the direction of an incorporate | lar character wero in thy hands ol the gentlemen. | ail they cared for was to ride over steel rails in LO a ii A 725 84 oie 28 8007 26 His mie % win to maxe no factious may’ become good or bad ‘according, as its directors | 1¢ Was sald that the maoagers of the road are ex- | splendid coaches at smali expense; aad that, in Sate 98) "ans &3 2740 14 6778 95 Bpposition to this iniquitons bill; for it never snalr | #f¢ rood or ‘bad. In the Clansitication of the Krie | travagant avd that the road must be run ina more | accordance with such selfish miterests, they vote 19085 11 95,948 03} y 857961 90.396 47 Seared go ungh except by unaohons coal | rede Tate inte | Ca ies ee had te Poa | Sal neeh ake Sana kw gob is) Red. Res So8 ‘This bili wil never go through on the 14th o | ass long or five years’ terms. -It is obvious, | roads and the manner in which they nad fitted up | cofrse of conduct on the part of members and 743i7,213 14) 14,376,879 7] 16,721,600 84 be ffaren, 1872, unless it goes through in ite regular order, If it brought up as it shoula be by these men, who are very courageous now, but who, here- Nore, tofoK, RAVE PEN MILD AS LAMBS, then itmay go through. 1 propose to atand on my en under such classification, that if the shareholders werowis- | the road. Healluaed to the services James Fisk, Ree Tae terre ree eat’ | Jr., had rendered the public, the improvements he poang gh ow Pra tise Couiny power, aud thet wen of ikents.| Dad introduced in the Erié management, tne im- Misite chapacter and ability could not be found to nccey provements he had made in the boats of the Narra- q 8 pt x positions as directors as elections would occur. For whoever | ganset. Steamship Company and the New York would accept places at either the frst or secund | ferries and his gallant conduct on the 12th of ed 6 being 1orced to vote by sheer torce of THE EPPACT OF PULLAC SENTIMENT, without being able togive a reason for thetr action’? Ali the tnunders of the press in this State had been hurled upon members, intimidating them, filing them With fear of being placed upon the black list, & r Ee SS 8z2 Bai rights as a member of the dody, as I did stand fiteen | annual elections would be in a small and powerless minority | He could not forget tae noble conduct of the Er! kK ing to uirect their and influence their 10,388,988 49} 11,148,092 83) 18,269,266 61) 12,073,010 | ed the passa; in a hostile board whoily controtled by the present ma: x Looe oe, 10993 434 ae al ise te ip oH see ot aa provent @ passage of an in- Fo Ee es hay anne ae 7 nagers, | managers in seading a lightning express for the re- | votes; and he argued that the man who voted irom eats Sal ae S| detiars aol ‘Mr. Kovertson then withdrew his motion, trusting re = of apparent re- | iret of the Chicago sufferers, When that train reached | motives of auiary interest was no seenehaay for the continuance of wrongs and evlis which | {C10 tte ota 4 ebousamtl prayers went up for’ the pect y managers of the Ene allroad, That was an flus- ecg ly tration * the ee ae of Nea ea ao : agers. He sa ere had been foul treachery by that at the iast annual election several of the directors re- | the men in Whom the President of the Erie Toad worse than he who voted by coercion through fear, What did suis bill propose to dut ‘to give we Englisn stockholders of tne ulegally issued eee aise Beit to rage h jones in fon tat Saal oi the Erie Railway, ‘hey have argued that a Gou! cane ET nc a oe eieny theteaiser the farce of | trusted, At the instance of Wall street brokers gsurped the rights of both the American and iug- that Senator Madden keep io his promise not to be factions when the bill came up in its proper order. When the Senate reassembled in the evening, after several uuimporiant bills had come up for their final passage, the Erie bill again became the special subject of discussion. Mr. Kobertson jad no power to prevent or correct. In our ‘this Classijication act has Worked badly in its aj to the Erie Railway Company, and so far as it a) — should be repaal The fact 10,674,901 86 Te-ele } ’ ‘began operati nded two years. these nine apostles whom he had trusted had be- | lish stocknolders, and forced bimself ito 1hls posi- ers oat 13} , 4 on! 4 , | te and moved to amend that section which provided Reet bir ef wi ‘stool touler ac 9 bY | uings, 22, Teli holders are eutitied to in this matter. indeed, such repeal | the assassin stokea, He has nothing to say against Mr. PRESTON saul that his constituency was will be of iittie value mh nel mba - ‘accompanied by the conspirators who were at the bottom of this | atvided in regard to this classification act. He bad Frere a o ATION, resolution; for, like the conspirators oi Rome, they | received many remonsirances, but he Knew tuat feeb h Sod coereens St | Beg eet inyor, were they had been secured by misrepresentation, and Seen Sent ualateeas revent it. Indeed, our legisiation ALL “HONORABLA MEN." signed through misapprehensions; theretore, the fuine naless ‘provision fe mat whereby the “ 7 jed to mak only Course Jeit for him was to act according to his Whe dba, dugaHl BF slace Ge seweg | -, MT Husted said he ad not intended ang | honcat convictions. It has been said that it ai gture elections» The, iimporiaaoe, of im Tuma, ering porkapity to de | Yoled for the repeal of tais bill he might as welt Pike classification of “directors ‘wil | cuss the merits ‘he whole bi bes hie would say | Orie Pigatderte deat isnot tan - that election should be heia on the 3d of July is making the day of the election the 16th of April. Tnis was voted down. He then moved that no di- Foctgts of y~S°"THE ATLANTIC AND GREAT WESTERN shall be eliginie as a eee agg pris gt Th Company, and ie amen _ Note ot 18 to 7, as follows; She SNOPES NYS Total. ....++ Borplus October 1, isd: Lens balance to credit of m f Wg fe of Setanta] | sus z 1 t ’ 1 ‘Total, Diviilen BAs—Aileny “Henedied, Bowen, | Ghats, Dickinson; e e a4 22. ‘ = Ss 2355 3 Soee: ; PLE Sag F et : ‘0 apparent is recoll and the facts are noto- few words in answer to him, He regretied taat HIS POLITICAL TOMBSTONE. cent en preferred stock Graham, He 3 Johinon, Lor, iden | ronrthata large. numberof rngitah ockolders favelyap- | the genteian. had drawn & paravle between the | But he was not to be mtimidated iu the discharge | Sanuary t, 16h... =. {ber iH diel - a * ‘a Fmt ane i osaige eh Waener Womans, a. ¥ Woo | piieg to nave ine, stock whioh ingy oped wanstermson,iwe_| logisiation of the republican and democratic par. | of iis duty. ‘Enese remonstrances were optalned OY | a oa ston 4 307 ee Stee s is a ‘Navo—Mesers, Adams, Bokef; Cook, Perry, Robertson, | thems in order that nay, mleht ‘voto Bey | ties ia years gone by. ‘tuo gentleman kuew that | hired agents of the Etie Railway. wn represented | furpla 0g on it; that the ‘ trans! the democratic party had not :¢39 sing to auswer | that if the DLT was passed the road wow ‘spon the sasor asa ay for, to say the least, than the republican party. ‘the | Duder the control of Vanderbilt and that the road ‘1867. ares of such stock which | argument that the people along the line were satistied | from Salamaca to Dunkirk would be abandoned. | yess divide With the management of the rie road nad no force | Mcn who signed thes Railway manage! and even went so far as to se! Mr. Maiden then endeavored to substitute the and frivolous pretexte, 60, Recond Tuesday of Juue for the day of the erection, stead were left at the otice of the Ene Railway Company for } petitions were sorry for tt red mines a Hs o A Mnatced of the Focus Wed ae ey, amr timcenn | rexistration; that said Bnne man gitained an order | wiiatever. In tho city of New York during the past | aflerwards when hey ‘ideamne better informed. Ty eee - = mabe - - Joon that at every election of dircctora they should | {oN te Supreme Court in the First district, putting the | six months any map cord o to savin nks on | Tne debate was continued) by Messe, BoutN aud | Surplus:dedue be empowered to adopt the cumulative systeni, * IN THE HANDS OF A REORIVE! fictitious names and get all the iunds deposited | Vedder in opposition to the bill, Teas | = 3 Fe s i} 1 each voting seventeen times for ove director or otherwise as whey saw fit, The bill was then put ‘upon its fina) passage, and was PASSED BY THE VOLLOWING VOTE:— Ry | i capacity afterwards actualiy voted on it in | there upon worthless securities. They were satts- Browa and Tilden in tts favor, byt bey pond peor ‘snd that ther 2 obtained flea with the management of the savings banks, | The question was taken on Mr. D, B. Hil’s motion: further order—stiil in force—putting into the hands of are- | But how was it with the poor depositors? He | to strike out tie first section, and it wa lot. ceiver any other stock which might be preseuted, baving | hoped the gentleman did not purpose to stand by Mr, Husrep moved to substitute 15,872,609 6a! —s 14,076,872 27) 1 Diank (powers of attorney executed for gansrer to | any such argument, If the ollicers had used up the | GOVERNOR AND COMPEROLLER FOR CHIRP JunGE YRas—Adams, Allen, Iaker, Benedict, Bowen, Chatfield, | such Protection. Coramitt ‘The effects of such pro- i if the Con Al ls Who 1s tO act witn the attor- Cook, Dickinson, Foster, Graham, Jobnson, Lord, Pomeroy, Money of the stockhoiders by making contracts | Of the Court of Appeals wih Suomakreri, dives, Veiser, Pures, Rosertsct, the nents of Ere at Larehotters’ tore obliged for with people along the line which injured the creait | ney General having refercuce to officials who shall sure | aren n, Wamner, Weismann, Winslow, D. 1’. Wood, Woud, safely to send back to sngland their stock which was not in- | of the road that was no reason why the stockholders } appoint Inspectors of elections, Pian itl int Pied 2° Woouto—36. cluded in the €0,000 share scizure, and the stock will probaby | should not have the right to turn those officers our, | Mr, Goss moved, farther, to substitute Secretary 16,471,488 09} 17,049,740 ‘Nave- Harrower and Madden—2, remain abroad until this ature affords them protection | ‘The gentleman has said, turther, that tuis was spe- | of State for Attorney General, Total expenses. . 16,179,461 68) 17,168,008 As soon as the Lieutenant Governor had declared | in bringing tt back to New York, for since such last order | cial legislation. He would asx lilm if the Classifica. | _ Mr. JUDD opposed this latter amezdment, and It ) Tota earnings... Rantnbinveg die igen +“ hat we bill was passed, senator RoweRTSON moved | was granted the lorelgn owners Have not dared to present | tion act of 1809 was not special legislation, apply. | Was \ost. , Expenses over earnings. saat i that the rules interfering therewi'n be suspended | PY..." ered, and we believe it to be trae, tl tug not to all the railroads In the State, but oniy to | Mc. Husted’s amendment was adopted. : | had = 118,264 © and that the bill be at once transmitted to the AS "| the Krie managers have passed a pretended bylaw ‘un the Erie, New York Central and Hudson River | Mr. HUSTED moved further to amend, providing has atid — Of course, Madden did not relish yl aud at once got up aud began talking about the discourtesy of the matter. He was ruled out of order by the Lieutenant Governor, whereapon Mr. Chatfield arose and objected to the motion. This naturally Kulled it, a9 unanimous consent was required to it ‘The Senate at once adjourned and many Ol the benacors and lobbyists went down to listen 3 one aiscussion going on in the Assemviy vhamber. now claim the right to retase any trans roads. He asked tho gentleman t ie Knew how the | for filling vacancies in whe Board of Inspectors of | — a — Hook to ihe English committee. We are of opinion that auch | Dill became @ 1a. ‘ris was the way: Jay Could | Elections, which was adopted. pesie ce ae me ee having purchased @ majority of the stock of the Also to prohibit au tjunction beg granted to | ———- 8, | Pennsyivania Railroad, was about to take possession | prevent a person Irom vo-ilng on the day of election. ee ea as: | Of it, but Pum Scott, finding it out in less wnan | Adopted. 8 Repairs of roadb hed and ri twenty-four hours, got a Classitication act through Also that when such :niunction 1s Issued it shall y, excepting cost of fro of New York, and the Pennsylvania asiature which operated to | be upon eight days’ notice adopted. of tron-oned in repairs. Erie managers wit be able to keep the stock which belongs | turn Gould out, Then Gould, finding that it worked Mr. VEDDER moved to ave the election to take to foreign owners tn their own names and thore of their con- | go nicely against nim, made up bis mind that he | piace in May instead of July. Los' feverates the same as they now do; and these feutious | would make it work in the State of New York for | _ Mr. V. B, Hit, moved an amendinent making the gwnere will continue to vote pon the stock in favor of these | him. ‘That was special legisiation. The gentle. | stock amenable to claims of cre‘titors, Jost. sreead'batore your committee on behalf of the rie diree- | Man Was Not fair enougn to state that the | Mr. HusTsp moved to amend requiring the | Rona on Gre claiming and insisting that if this bill passes and | Evie atlroad was the onl oue of those | directors to be citizens and residents.of tie United | Repairs of wenger Cars... becomes a law it will be unconstitutional, Trust- | named in the bili ti had availed | States. id Repairs of freight cars. ing that it will snot be considered improper | iiself of its provisions. The gentlemau states that | _ Mr. Vepben moved to add “and State of New | Repairs of tools and mac! minittee on Railroads to pase upon the iegal | this is special legisiation hecause it interieres with | York. Lost. in al 8 to pase or i Tasted ell Pounded, fod WHat the. pt soteed the interest of this little railroad. This was the first | Mir. Hnsted’s amendment was adopted. Incthental be Ay ~~ Jatated as rents, stock to u |a.sze.oip solet,s7a.sen x2|a1,c81.b00 26} 1.979 708,004 ST EEET So| gonna boy "skies Col lyesacias Bo] Maat een 08] 10 ventes, Mi] 208688 or] SB1TOKD 6 massen U8) seaTsE ta] 8000 8S 480,018 Gel G,o01,4e2 2] 8,008,008 55! 4,290,279 86) 8,680,000 64) 9,482.968 46 Sandro a) Lawson ge) Mesos gay ae sor 366,909 £3) "yds 608 #2] 'B7H,183 BB 6 Bu , 798,628 W| 1,008,298 85] 1,067,850 91) 1,144,67> 14] 778,100 12] 44,181 18,781 80) 118,677 82) “110,579 04) 133,878 54] 110,168 62) © 113,064 95 THE ASSEMBLY DRBATR. Mr. ALVORD presented the communication from the new Erie Board, which was read in the Senate yesterday. He stated that tn consequence of the ‘change of opinion of some of the members of the committee the majority report hal realiy become the minority report, and the minority report, which Could not be offered under the rule, should now be presented to the House as the majority report. ‘Mr, WHITBECK, On behalf of the committee, then presented the report alluded to by Mr. Alvord as the jority report. It will be remembered that the uty of the committee reported back the South. Jaya bill, simply recommending its _adopuon; and That the minority of the committee reported a new ‘Dill, accompanied by @ report or statement contain- representations upon the subject, all of which 3 = 3 r é Ss juestions Ne eae re et ea on etalOne Of the ceoereece, | time ho (Mr. Husted) had ever heard that legislation | Mr. SMyTu moved to amend by striking out the | $M. shops... watchmen, 79,783 (8| 98,088 28] 07,401 40 9,565,288 81/82, 606,419 73\82,n4i,000 29 A 07 oe ae eal het Gal URE aA atl sho Beaase 61) GL :TL OG] T1a,our ea) S72 462 8 r798 19] 478,800 B4| Tayi TA g,28 6 186,185 61] 166,943 68} 100,478 0») 168,819 49) 18,049 37 17,056 20} 14,881 66] 4,608 51 254.882 94) 966,049 89) ~ 1,084,574 20 Sms] Bis | Sina 13) tonese $8] 945,688 vo] Lute aos BB i I relative to property amounting to $36, 000 was rovision ullowiag votes by proxy. Lost. Of the numerous petitions presented in relation to this bill prop e 000, Prov hon slowing, vores ut pt ay ET sieblbtn, Shotlle i be said by us, because the facts and circum: | special. It was eee ee oe reo tne m relating to the transfer books belng open to inspec | Omics expen bares, rea ADBItiON To 7HR REPEAL I ay ide. tave ay outa gi and tronk rail. | tion, which was carried. Agente and A |t was no wayside ivern; but u gral 4 jon, cl . ? of the Claanteation act we recommend especially that the | Way. ronching frum the Atlantic to the Pucifc, and | - Mf. SMYTH mowed to add a ection requiring the | Laver, tw Peulations in relation. to sech election and the trans/er 0 Involving the interests of ‘he witole country, ME. | rules of fare lor passongors and freight to be the retain ik has appeal to nation pr ico, claiming | san uy Re fctraly submitted, “ that this Bat was in the interest of Englisumen, ‘Mr. SmyTH called attention tothe fact that the Pare = Wainkon, Mr, Husted said it reminded him of tue old doggere! | Erie ea Yd ph Soicae no reduction WinLta ‘GREENHALGH. of “Mother Goose's Melodies” — bylaw on Its rat clerk . g and uni'd’g freight yatchmen and #witeh- alations in relation to su iM took of th Balivay 7. the stock of the passed and becot He asked this amendment for the protection of . The report Fe, faw, fo, ft Row proseated by tir. Waitocck was prepared when GHORGE Web. BxliTHt Tsinelt the blood of an Englishman, tng Deople from a grasping monopoly. | 1,685,977 74} 1,49R.896 04) 1,978,248 81] 1,406,119 24) 909,808 01) 2,076,888 06 the | members of the committee in favor Langhtor.) He said the gentleman was no more 4 ~ a a yor.gse 84] 166,197 79] 146,757 19] 14, St tho Boulimasd vill’ were in. tne minonty, | whote upou the erie Oil, Mer alvora mine chaise’ | fa American at lear Una ne wast but is was one | beh Tl TD aaa tac habeas re Treg a6) — apg oo) Shave i] "Bowes 68 Mtl 13] ‘etn oe and Was incended to accompany witat was | | mr, Husren referred briefly to tne history of tne | Urely irrelevant. ‘Tho gentleman would find in the | WE e'C nT ouon was lost Gi inc weoe ter peaaaes pore Pi eapis caves 3hen supposed would be the minority report, and 43 | prie Classilication act. He said ne voted against | latter part ol the bil @ provision that no person Mr. SMYTH moved @ section to hibits the issue ‘and baggage care. 22,909 48) 16,0940 47 los i 6,262 @ statement of the reasons why it shouid he substi- | 4¢; ne claimed to be the only member of the present | shail be elected @ director who 13 not a citizen and of ‘convertible bonds, which was lost by 39 to 43. ‘Lone and damage of . song 19! yore Te] 190,886 a4! 141043 48] 64,190 17 anaes 0 fd toe Th neo Bee Pag f—-1'4 bs Legislature who was aiso a member of the Lezisiatui resideat of the United States, so that he need not HILL moved @ section limiting te com. “a WSs Uy) Gybte 03) teatase a O7oa7 ‘86,078 M signed by Mr. White, air. Ihitbeck and Mr. Greenhaigh, and also “by Mr ad4 who, in concurring with the report, Fecommended the adoption in tue second section of @ clause to the effect iat no person shonkt be ote ag director uni he were a citizen of the Inited States and a resident of the State of New The report was, lowever, subsequentiy, hed without qualification by Mr. Lew! Jast momeat by Mr. Smith, und thus Majority reports is dovument is as tollows:— REPORT OF THE COMMITIEE ON THM BILL, To Toe peepee R ASSEMBLY 4¥ THE STATE OF re » é ‘Mr. D. Be errs assed it, WhO voted fear the arrival of Queen Victoria’s flotilla, bring. a amaze for injuries to cake ns bad abwas soDRAG ite repeal He mes | ing the Hnglish mason Or the English Jews aver | Qnay.0o OnaRays: Tern, SEAR UCE, CEN nYRee a? Bamegs @ to property, neti BG pias Fie introduced in the House @ Uill to accomplish tiat | here to carry oif the tracks of the Erie Rauroad. The | “> stosugey moved an amendnient iain for qntued on road Rid eS ies a be 14 i fe ot ca that that bill, which Was termed the ‘Husted bill,’ ere Will be a new direction every year. sito ‘not | the cumalative principle of voting for directors. Soutingundes ¢ ‘G4610 68] 82,809 88) BONNE 77 140,029 5 e resuit. It was sau by one of the New York papers feavemen Says We should not repeal this bili because did not go tar enougd. He was as well aware of | Swart tint, oveeha every incorpe Stato, | Ur. pint was then ordered to a third reading, and 5136 a00 a6| e472, 008 04) 94,906,627 47| 96,698,880 18|46, 161,008 20) 6A Bu. 73 - | every national bank, rated institution ip a * 8, Totals... +0406 195, 100 T that as the editor of that paper. He was only carry. ‘gg fn aan oficers every | the House adjourned, Re upitul: tion £4618 20 Reva | | fom F 4 | ing into effect the senument of the people, who | 1s compelled by sta Mainiancee ei have demanded the repeal of tlls act ior three | year? And this Classification act is spectat in this— is Pa weeke pet at iox.ieo |, s83,960 60 10,148, Soa 6 Ta,ipnee oil 13,a,n10 eo Va,i9nne 16 ~_ ACCIDENTS, BA that it prevents what the laws demand in | Tae New York Ta: 7eOOr™ corED IN FAVOR OP THE SENATE BILL. every other corporation, Mr. Hasted said that if Erte Bill ho Gennte. Operating tbe road, me avant noma aga gone, the | Me ree ae tee hal oe nape |The Zolot Commitee on Cities met today ana | _ Te Sore une Howe had’a direct connection with the bil | lature to take such proceedings as would reuder | agreed to report a tax of two and three-fourths per which he jntrodaced, He hoped It would begome @ | them gugatory. Ine gentleman who had preceded | oent to cover the expenses for the year 1872 in New le him, in speaking o' A ant ihe o castes Hel had token a5 THE TNOLISH. CLASSIFICATION ACT, York city. The basis of the taxation is made from sre and pro} 1d to | did not estate that, under thelr Classification act, the | the amount of the Comptroller's estimate, otter thet verbatim ‘turing, the ending. oi} the bill | directors may be removed by @ majority of the In the evoning session of the Senate ine Erie Clas- pM held thereunuer, aud orderin; in the House, He hoped that all other amendments | sharehvlders at any ordinary meeting, and he also | sification Repeal bill was amended by protitbliing Hae Tul Honed of Directors of suit combany ard atodc? | would ve voted down and the bill made to corre. | faticd tu say that this was applied in this country | any director ol the Atlantic and Great Westera Ing Fogulations relating to the. elections of directors. oy sand | 8pond with the Senate bill. entirely to religions and cemetery associations and | Kattroad Company from being cages 49 a ditecior gomvany end We Waneler of iy piovks? reepetfully reg Me Husteu them moved to strike out in the sev- | aasociauons gf a benevolent uaturg, He sald there | ef tig Liye Kaliroad Oomvany, passed, Others, | Total dared (Kilied, | Iniereh | tedereds | Killed, | Injared. i ittece on Railroads to whom was re! till “An act relating to the Erle Rall empauye ebapter 916 of the Laws of 1863, #0 far as relatos to the te. Feallng cinsaification of directors of the Erie Railway Com. ‘and the prolongation tnereby of their” term and “vacating the oflices of directors of | Killed.