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 the benefit of this increase in business can be secured to the
people who furnish the traffic, instead of to the corporations who
provide the capital, an immense public benefit will follow. The most
valuable experiment to be tried at the present day is to ascertain how
cheaply railroad transportation can be afforded. Corporations formed
to make money for their stockholders, can hardly be expected to fairly
try this experiment. The greatest need of this Commonwealth is cheap
transportation. To secure this the Hoosac Tunnel has been constructed
at a cost of $12,000,000 of public money.
We are fully convinced that to secure to the people the full
advantages to be derived from the construction of this new avenue to
the West, and to secure equal lights to all parties desiring to use
it, the State must not part with the control of the tunnel. We are
equally convinced that to secure efficiency in the lines working
through the tunnel, consolidation is necessary, and that the tunnel
itself must be worked and managed for all parties using it, by one
head.
It would follow that the State, retaining the tunnel, should operate
it, and should also own or control one line of road between Boston and
the West, at the same time giving to all parties, without
discrimination, equal advantages to the tunnel. The state management
cannot afford to be unjust or to discriminate.
No private corporation can be trusted when its own interests may
conflict with the interests of other and perhaps rival corporations,
to establish or to enforce rules for the transaction of such business.
We therefore report and recommend the passage of the accompanying
Bill: "To incorporate the State Board of Trustees of the Hoosac Tunnel
Railroad."
Its purpose is to form a corporation for the management of the Troy
and Greenfield Railroad and Hoosac Tunnel, with all the powers of a
railroad corporation. It is to be composed of five trustees, to be
appointed by the governor and council, each to hold office for five
years, and one of whom shall be appointed annually. To these five
state trustees are to be added not exceeding three, one by each of the
railroad corporations whose property may be acquired or managed under
the terms of the Act.
Public-domain text, read in full here on John Shaqi.
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