New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-02-02
NeW-Jersey.

Justices OF the Supreme Conn were passed. j"
Committee Of the Whole.
Nsw-Jersey.
The policy OF mastery inactivity has prevailed
in the legislation and government Of our nearest
sister State for time whereof our memory ron
meth not to the contrary. Ia Education, BANKING
sccurity, Trans port alton facilities and many Other
important respects she is consequently droppn
steadily sstern While other States have compel
led their townships 10 provide efficiently for the
Education Of all the children within their border
Nsw-Jersey has positively restricted the power
the towns to tax themselves for Edueanopsl por-
poses to q very inadequate and iDconsiderabie PEI
ceptage While other States have been strength
snius the basis Of their Curencies respectively by
recurring their Banks to deposi, ample securities
IN the public chss. and receive their bills counter
signsd therefrom, at the same time abandoning the
system Of special charters for one Of equal and free
permissicn 70 all who have the disposition and tine
means 10 engage In Bsnking New-Jersey still ciings
20 the old outworn system Especial charters procu
cd by the skful administration Of Champagne and
Oysters to the Legislators pro ten with securities
duly bespoken IN the charter but often utterly 3D.
sent from the vault or from any other tangible add
ins place Hence swindling bankers find within be-
borders the most tempting field for the exercise OF
their professional skill hence business men Of otbei
States. who have a genius for disburslng NOR,
money than they can easily borrow, lind their &C
count In buying up each bic Jersey Bank and emit
ting money without limit OF check, for which h.
pays no interest and the pubic has no reliable Sc
curity II his Business prospers bis Bank enable
him to make great fortune rapidly and II re
vsrse comes, his Bank blows up aud ITS creditor
NAV whistle Tor their money. Between this anc
the Free Banking System with convertible seoU
r.y in the public Golfers instead Of poeticsl suppo
sison thereof in the bankers private chest, there
would seem to be no room for comparison as IL
safety yet Jersey shakes her head and thinks--oi
rather, her Bank Presidents shake ii for her nnc
make her imagine she is thinking, which answer
the sanse end She ponders vacantly and does
nothing
On the subject OF Household and Homestead
Exemption, New Jersey stands equally IN TIT
back ground. Most of hes Free sisters have long
ago settled the former question by liberal exemp
ton Of Furniture, Implements, &c. &c from SCI
zurs ON distress or execution. None OF them thlnl
Of initiating the mistake Of Lots WIFE, 50 far as ",
can hear On the contrary, several States have al
ready gone forward 10 the Exemption OF the Home
sso Of every family from contiscaton ior debt III
der proper limitations and with safeguards against
designing knsvery. But NewJersey only few
years since abolished Imprisonment for Debt sno
had hard work TO hold on 20 that Her exemption
Of personal effects from distress is Of the nauowes'
kiad while she has hardly begun Yet 10 tlGnk o
Homestead Exemption. But she rM think OF 1t
and in earnest, before many years.
As to the Railroad Monopoly, We await the iortl
owning Report OF the Investigating Commissioner
before saying great deal II tina, should under
take ~ lay most of the blame on the consolidate,
Companies We shall interpose wcrd We hol'
shst the Companies have behaved much bette
than the State throughout and that it is oftei
that so gigantic monopoly has been less oppres
ave. But a State Of gardeners, fruit growers, mar
ket. men, which could allow its law makers 10 b
oystsrsuppered into granting such monopoly
what shall be thought Of il Who could sup
p,se that a community whose products urgently De
.naad and would richly sustain Railroads ,hrcog
every County would tie up its hands and consent ,
wheel its bulky products over yielding sand
al an added cost Including injary 10 the fruit &c
ii not less than Hail Million at Dollars pc
snnum in order 10 clutch some Forty to Sixty Thou
sand which the Monopoly hands over punctualy a
the States share Of the Spos OF Victory strippe'
iron Siuxsns Of other States who are compelled L
pass through thisi Just think OF Legislators sipr
lsting, after this Central Railroad had been hs'lI
not 10 allow any other No matter how necessary
10 their own constituency. on which traveller
Il might reach New.York from Philsdelphis O. III
reverse poes any one imagine that this sort G
restraint upon the natsrsl right OF producers &
make cheap rosds 10 their markets viii long b,
sclsrasedf
~ am constrained to tell you my Lords" sal,
breoghsm in urging the Parliamentary Reorn
biz upon the House Of Inearabes, that tAroagl
this House ~ over this House RSFoRN Will 81
eARKKp" He was heard and Needed even in tina
ssOashcsd o. nanny institutions whereof the sou
has departed. May we not entrest the presen
rulers Of NswJsuey TO heed the sdnODinoa'