New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-03-21
rEw.yoRK w,EEKLy TRIBUNE,
THE TRIBUNE.
Corporations.


r,ep in the community for particular purposes.
If aman in the country desires TO raise The frame
.; his new house. he calls his neghbors to help hin,
and treats them for that combined strength by which
in an hour the frame of his building is set up, and
without which he could no more set it up than be
could Fly.
That cooperation is Corporation. When the
American Colonies first thought of coalcscing 60 as
to form Republic one of the first devices stamped
upon their paper money tcas a Snake dtvaded into
thirteen parts with the motto jan ride. Thiswas
from az, old notion that snake cut into pieces some
times got his pieces quickly together and reunited
The idea of Corporation is identical with combina-
ton A Republic Of all systems known is depend
.pt on combnation-mutual aid &c.
One man cannot lift large log-maDy carry il
with ease Jus, so with the employment OF CAPT
al / ask A to make ne the railroad iron for
hundred miles of road 1t is utterly impossible for
him 10 do il he mus, have immense works to be-
gin to doii In England it s said that half million
Of money is necessary carry the work on.
We see at a glance Of the eye the cheer imposs-
billy Of an individuals undertaking it.
And five should find one Of immense capital
who would do it, we must pay him much greater
profit liza Corporation be established to do this
work, the shares are always TO be bought in the
market, and any man disposed Gun al any time
become one of the Corporation by purchase. That
purchase is as free as air TO all who have the desire
or ability 10 buy In this way the work becomes
the property-not Of an aris;ocratc individual-but
that of all and every disposed buy its shares
Like all human contrivances Corporations are
e aJy of
honesty. and all that Bu: from these combinations,
10 spite Of all the evils to which they are liable the
creates; public benefits result Tens of thousands
OF persons have combined to make railroads; hun
dreds of millions of dollars have been spent; ruin
has followed to thousands OF the FIRST persons who
combined-but the world, the nation, has rcaped the
benefit TO such an extent that if it possible 10
put the question 10 the whole mass of the people,
How much money will you take and let US take up
al The rails now laid in the country the answer
mast be- No, for twice what they have cost.
Corporation resembles ship of war man
could no more manage it than he could lift thou.
sand tons. few hundred men combining their eff.
forts nuke it as easy to navigate the great ship as it
for one man TO ecull q small boat.
Al primary meeting Of citizens of a Republic is
power is the vital principle Of the American Repub-
lie 1t is combination, without which dangerous
indiyidual would soon fix an imperial crown upon
bis brow.
ANY Corporation whose shares can be at all times
purchased by any man who pleases 10 do So is. so
far, republican operation. Any close Corporation
where the shares are not for SALE is nimcal 10 the
Republic
Despotism, a Monarchy, are close corporations
No man can by virtue, by vaor or by industry
reach the Crown. The Crown descends by blood
and not BY merit. No, so in the great popular com
bina.ions Of Republic. And let us see what is The
working of the latter system. Let US take the Cor
poration of this City, and see what popular COM
bination can DO Within the last fifteen years this
Republican Corporation has given for the introduce
ton of river of pure water the sum of neary four
teen millions Of doLGrS-a sum never yet expended
by any Government, Despolic, Monarchical, Greek,
Roman or any other, for so magnificent so aSreea-
ble so useful public work. So much for 4 small
corporation In the meantime corporations have ac-
,uay made some fire thousand mstles of Railroads
in the United States being more than all the roads
built by all the Kings and Emperors in the world
Some say. Make your corporators responsible for
the obligations of the Company! Why sol Why
shall not take one hundred dollars risk in project
for pablo benefit, and no morci Will any man set his
name 10 project the result of which may ruin him
No. Will he sign unless he can at least surmise
how much he may losel No. What will any ra'
,ional man do in relation to shares in any corpora
ton? But one thing, and that is this-lfhe sappos
es it to De an affair in which he profit, but may
lose he viii decide for himself to take hundred,
one thousand ten thousand dollars, and look to
the chances Of loss Of the whole-but not enc cent
beyond There is duty in Government 10 make
corporations and another still grea,er-that is SO to
constitute them that the public shall sustain the least
loss in event Of failure. Nor any human affair
be SO managed or SO con!rived as to be absolutely
sure OF success This liability loss no more forms
an objection 10 fair and homes; corporations than the
risk and danger of the seas form an objection to
Commerce or the incidents ot trarel TO roads.
LATER FROM JAMAicA.-By the arrival at New
Orleans OF the schr Spartan the Pcayune has Kingston