The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1849-04-11

field Young Ladies Institute; concernng lhe Nrabnry>
po'. n",loau company; concerning Electric TeeN
grspn COMPANIES and Electric Feegraphrg; iucor
pofaunS The propretors of the Lee street CHURCH in
| Lower; resolve on the petition OF Joseph Palmer
ne o' 10 establish the City Of Lynn ard the resolve
concerning the printing for the Commonwealth we're
| passed 10 be enacted
HOUSE. Passed to be enacted--BU IN establish the
cC,y OF Lynn; Resolve concerning the printing Of the
| ISSUE OF NEW SrocK IN INroppopArpn
COMPANIES. The Honse OF Representatives
nave by vote Of two thirds OF the members. ia ..
Voreu OIL prohibiting the creation of new stock
IN corporations, at less than the par value. There
IS a large class in the community, who seem to
think that all the evils and errors of society NAV
De cured by law, and who seem to act on the
presumption that even rogue NAV be made an
honest man, il special statute is passed thar 1t
shall be so. They seem to forget that there are
laws OF necessity more imperious than the legal
code, and that when the leg code undertakes to
violate these laws OF necessity, il can oaly do so
at the utter sacrifice and destruction OF the very
interests which it seeks to protect
There have been some hardships and evil un-
der this system OF new issues OF stock. but il has
been choice of lesser hardships and evils for
those which would have been more disastrous =
We appre bend there has not been an instance
where such new issue has been made. which
was not reluctantly adopted and only entered in.
to at the last extremity, when either immediate
bankruptcy or ruinous suspension of the opera.
tons of labsr would have been the alternatives
Few or no cases have occurred in which the ne
issue has not met the general assent OF the stock
holders
II by the concurrence OF the Senate. this bill
shall become law it will bear hard only uponl
poor stockholders and poor corporations 1t will.
be benefit TO rich stockholders and rich corpore
atoms, for the poorer adjustments, when tn
emergency comes, must suspend work at SAGE
rfce, thereby leaving the market to those who's
large capital enables them to keep on or resort t
the still greater sacrifice of a surrender in bank
rupcy, and their works will fall into the hands
of rich men, at a very low price.
The law however, will probably be imperative
for some years to come. 1t is only in such re-
WILSON'S have passed through during the
last two years, that this system OF new issues of
stock at reduced valuation is adopted, aud the
present generation taught by sad exeriance will
be more carful how they extend their works in
prosperous times and lose all the profits of
series of years in few bad seasons Immediately
succeeding.
Not so, however, with the next generation
men never learn from the experience of a past
age, and seldom from the experience of their
contemporaries. They must be taught the hard
lessons of life, by their own personal suffering;
and the children will repeat ithe errors and the
folies of their faith rs.-Netoburyport Herald.
THE MEETING AT THE TREMoN TEMPLE,
last evening, " to consider the case OF Washing
ton Goode," was well attended The audience
was large, intelligent, and respectable, and we
noticed many prominent citizens in the hail.
Amasa Walker, Esq, member OF the House Re-
personalities from North Brookfeld, presided.
Rev. w. H. Claiming, Wendall Phillips J. F..
Clarke, A. A. Miner, and ]. A Andrew, made
speech, but were in time tor the conclusion OF
Mr. Phillipss remarks. His arguments against
hanging Goode were no empty appeals to the
passions, but were reasonings profound and clear.
He spoke like man in earnest, and stated that
the morals OF the community and safety OF the
citizens did not demand the execution OF this uu.
fortunate man. He said from hence to the 25th
of May he should devote his influence, his energy,
and his time, to secure a mitigation OF the SEN
tence. The other gentlemen who followed Mr.
Phillips were equally earnest in their appeals in
behalf of Goode. petition for this purpose was
circulated in the hall, and was signed by great
many ladies and gentlemen As a whole, it was
the most respectable meeting we have attended
for some time; and, in justice TO the orators who
spoke, we must say that their reasons tor re
prieve of Goodies sentence were based upsn
grounds which seemed reasonable and Christian
like. Boston Courier
n We understand there will be a meeting
al our City Hall, on Saturday evening, " to con-
slider the case OF Washington Goode." It is ex-
pected that Wendall Phillips will address the
meeting.
Suffering and Injustice In Cape Breton.-A
letter recently received at Halifax from Sydney
on the Island of Cape Breton, gives an account
OF shameful instance of injustice and cruelty,
on the part of the Mining Association, which has
a legal monopoly OF the coal business of the is
land. Several persons living in the neighbor-
hood OF the Bridegroom mines and heinr in a