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![handle is hein.beal/ndph0001 and id is 1 raw text is:
Calendar No. 924
68Tn CONGRESS SENATE REPORT
2d Session No. 858
CITY OF PHILADELPHIA
JANUARY 5 (calendar day, JANUARY 9), 1925.-Ordered to'ba inted
Mr. BRUCE, from the Committee on Claims, submitted the following
REPORT
[To accompany S. 2171]
The Committee on Claims, to whom was referred the bill (S. 2171)
for the relief of the city of Philadelphia, having considered the same,
report favorably thereon with the recommendation that the bill do
pass with the following amendment:
In line 5, strike out the figures $2,019,472.87 and insert in lieu
thereof $535,716.22.
The bill in this case is one authorizing and directing the Secretary
of the Treasury to pay to the city of Philadelphia the sum of $2,019,-
472.87 in full for the internal-revenue taxes collected under the act
of Congress of June 30, 1864, and other acts of Congress on dividends
on railroad stocks, and interest on railroad bonds, owned by the city
of Philadelphia; and for other internal revenue taxes alleged to have
been wrongfully collected from that city. The facts are these:
By an ordinance adopted on March 21, 1835, the city of Philadel-
phia provided for the construction and operation of gas works, to be
known as the Philadelphia Gas Works; and to have an authorized
capital stock of $125,000; $100,000 of which was in any event to be
thrown open to public subscription. Under the ordinance the con-
struction and subsequent management of the works were lodged in
the hands of 12 citizens of the city of Philadelphia, 6 of whom were to
be elected by the select council of the city and 6 of whom were to be
elected by its common council; and they were authorized on the appli-
cation of a majority of the stockholders, voting according to their
respective interests, and with the consent of the select and common
councils, to borrow any sum not exceeding $25,000 or to receive sub-
scriptions for any additional amount of stock not exceeding that sum,
if the same should be found necessary to complete the works and put
them in operation. Twelve trustees were selected as provided for in
the ordinance, the entire authorized capital stock of $125,000 was
subscribed for, the works were erected and put in operation on
February 8, 1836, and continued to be operated by the trustees under](ViewImageLocal?handle=hein.beal/ndph0001&div=1&collection=&method=preview&ext=.png&size=3)