Minority Report of the Committee on Railways in Relation to the Hoosac Tunnel and the Railroads Leading Thereto: With a bill to incorporate the State Board of Trustees of the Hoosac Tunnel Railroad; also the speech delivered by Hon. E. P. Carpenter in the Senate of Massachusetts, June 3, 1873, in support of the sameMassachusetts. General Court. Committee on Railways and Canals
History
Minority Report of the Committee on Railways in Relation to the Hoosac Tunnel and the Railroads Leading Thereto: With a bill to incorporate the State Board of Trustees of the Hoosac Tunnel Railroad; also the speech delivered by Hon. E. P. Carpenter in the Senate of Massachusetts, June 3, 1873, in support of the same
Massachusetts. General Court. Committee on Railways and Canals
If this state of things does not corrupt legislators, it is because
legislators are incorruptible. We know its results in other States,
and we may well fear it here. Special legislation has totally failed
in securing the results intended, and left behind a train of
unmitigated evils which must increase with the increased magnitude of
the railroad interest, and the growth of railroad corporations. The
establishment of such a corporation as is provided for in the majority
bill may well be dreaded. The creature will be more powerful than its
creator.
CONTROL OF THE TUNNEL.
The committee were clear and unanimous in the opinion that the State
should under no circumstances part with the absolute control of the
Tunnel to a private corporation.
The majority bill is the first step in giving up the control of the
Tunnel to a private corporation. It gives to that corporation control
of the whole line, except the Tunnel; and entrusts it with the
operators of the Tunnel itself.
The pressure upon the State to part with the Tunnel will grow with the
increase of business; the whole power and usefulness of the line must
rest in the hands of the corporation which owns the railroad entering
the Tunnel on either side. I am not old in railroad tactics--but, Mr.
President--with the bill reported by the majority of the committee, I
think I should have no difficulty--with less than one-half of the
amount of the money expended in the efforts to pass the bill--to
capture the Tunnel from the State in three years, and it would be
accomplished in such a manner through the representatives of the
people, that no one would presume to question my honesty.
The Commonwealth, owning the Tunnel,--the most valuable portion of the
line, the _key_ to the whole line,--has no voice in its management
except a minority in the board of direction; no voice in fixing rates,
no influence in its operations. This is all placed in the hands of a
private corporation, governed by stockholders, whose stock is at all
times in the market, and may be purchased at any time by any parties
who deem it for their interest to control the line. The corporation
may at any time combine with existing corporations to fix rates, and
thus the main object sought by the State in constructing the
Tunnel--an independent and competing line--be defeated.
THE PURPOSES OF THE MINORITY.
The minority of the committee in the plan which they propose to the
legislature, have had two purposes in view. _First:_ Absolute and
perpetual control of the Tunnel, built with the public money for the
benefit of the people of the whole Commonwealth; and _second:_ _state
control_ of the Tunnel line. I use the words _state control_
designedly, as distinguished from state ownership, or state
management.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account