Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-04-19
.sMUSD ESQUlRER.


cations OF the Wing press in regard !" 'hs 10 ~ " -
States vote in corporations The Wing peop's u'o o. eh
ming 10 take up defence OF the Ia" IN Tue coune
their own demonstrating press Witness the following calm
abatement of correspondent OF THE MoRSiSG MAIL on Tue
subject Ii. trick OF the Wing press always 10 cry be-
fore thew are hurt They Are shouting wolff wolf
trembling ia their shoes and alarming the people out OF their
proprie,y, about nothing.
The Code had 80 arranged the scale of voting 10 rem
der the State poweress for the protection OF her own
Interests corpora lions CT which she owned large pie
ponderance Of The capital stock The law Just eeac'e u
materially to her vote In those companies, out "'s '
voice two6hs of the actual vote cast on every question
This measure, Of only partial justice the wing press ae
great outrage; aud the wing mehoe'S u "'
Legislature In final conclava assemoed-'ho acu'o me"
bets of which being stockholders these companies and
expecting exert large control IN lheiF
stiemazad 1t as breach oil faith. reputation and The
like.
The people believe tho charge al ALL Wings capa
bio Of taking an impartial intelligent view of the subject
come ou canddly aud pump!y and tell their editors mat
the thing is moi So The Democratic pur, of the Leglsa
tue will find that Law the most popular one OF tue SOS.
sion Il will grow and more popular every day
Corporations are essentially unpopular among the people,
They monopoes and they exercise their moAopoV pow"
sr. on all possible occasions They have in them the
spih, of accommodation The spirit vi lbealty, and they
carry neither their dealings with the people, They eS
act from people, whenever opportunity presents itself for
sxacton Their agents not responsible ~ The people,
and are prone 10 indulge nsolencs which accompanies
IMMUNITY In menia The people, where, as the cor
poa,ious begin to 60 operation will become euger 10
get them-Io ring in lheir noseslo put curb In
their mouths As they grow more aud more independent OF
State assistance consequently and more nsolent
and exacting the people will become and more anxious
10 restrain them; and thus will bless the day which De
mocrac members OF the Legislature had the
10 provide them with the imperfect OF restraint and
protection furnished in this new law
What This objection allowing the State her due voice
in these corporations; what is this petence that the few
private shareholders only competent tako OF the
many peoples interest In these corporations but The same
ds,rust of the popular WILL the depreciation of the
PEOPLES capacity 10 take cafe OF their Affairs which has
ever characterised alexander Hamilton party 10 this Re-
public1
Ia business point Of View TOO, The thing 10 SO modest
The people of ygins The earnest solicitation OF Qurk
Cannon and Snap unite with them iu partnership furnish
iug nearly The whole requisite 10 the accomplishment
Of their Joint project Quk, Gammnn and Snap propose
meeting company and modesliy hint 10 The people
that no officer OF theirs will know half well the interests
Of the themselves and insist upon carte blanche
management of the partnership affairs by themselves all
alone The people cay the propositions and Quirk,
of their undsrstandng going into the enterprise and OF
the States vigilance conflicting with their Ideas good faith
and honesty
We repeat the Is just and equitable in Itself II
will preserve great interests OF the people, the great pc
puar rights against the eDcroachmens expressions and ex
actions Of monopoly II will make our numerous and
powerful public corporations public benefactors instead OF
public scourses and public nuisancss 1t will be sustained
universally by the people 1t will furnish hereafter leslie
and political issue the friends of the privileged few
and of the great unpviiegsd many The Wings because
they are essentially opposed TO popular equality of rights
will be the champions OF exclusive privilege The Demo-
e.cy because actuated by the emotions, symrathes and
PURPOSES which make hrob the great Democratic heart will
adhere TO and never orsake the Of PEOPLE They
scsspt willingly gladly the issue rendered them by the
WhiR press and politicians. They will make the popular
ear ring with this great Issue. They will make the Whig
party confess their hostility 10 popular rights and interests
in taking the side they have done They will make them
repent of their votes upon the legislative journals of their
dsnuncations of the in their press They will
make them SILVER and quake n the vulnerable attitude they
have assumed upon great and important al issue before
the country.
Associated wealth 10 The dynasty Of modern timee"-is
the King of modern times The law, which We
now publish is magma eharta declaration Of i7dPend
snss timely provided ycniu against the modern despo
,ism /. ulesrs the monarchy Using n the Common
wealth lusd monarchy subutuli1te 10 The PEOPLES au-
thor,y suble, the just fair honest, equitable WILL OF
the people Here follows the law, the features OF whose
grim vsase surely less fghui than those OF the Barons
Al Runnymede and of the patres patrs in tho Continental
Congress:
Be 1t enacted by The General Assembly That the 10Th
section of chapter nifty seven OF the Code Oh virginia. De
amended and reepac;cd TO read az follows:
In meeting of stockholders each stakeholder may in per-
son OF by proxy give following whatever stock he
in he Ia
Of stock eXceeeng ten and one vote fo every ou
shares exceeding But when The State Is
her vote shall thirds OF the whole number OF
given by others in the same election or on The same
question: and the company be in which POI ton OF
the Is POI On % oc,o1 The proxy Of
sha be appointed by the Governor except "hen
Il NAV be otherwise provided b la"
This act shall be 10 force itom It's passage.
Passed The House of DELEGATES, April !, 1893
Passed the Senate. 9h April. ls53
Here follows The view tho law taken by one OF
The people, though Wing writing in MoRslSa MAIL
The foregoing remarks in regard 10 corporations are general
bsinp directed 70 their tendencies and when full grown
and In successful operation They directed al paf
cuar company Ia tho State. much less 10 tho company
treated of in this communication:
ToRs Editors of the Morning Mail:
GKsTLKMrS meeting ol The Sto, kh"deis VI me
J,meo River and kanswha Company will be held in this
city on The 2Oihins, The object Of the meeting Is TO con
slider proprey OF accepting tie provisions OF an act su
thorjzup loan OF bundled and forty thousand dollars
TO tho company certain conditions therein specified One
Of these conditions requires that this Company shall Dc
subject TO PROVISIONS OF the Code oil Virginia so lar a.
,hey relate 10 internal improvement and Joint stock coma
mics On the 9Th inst Act was passed amending IN"
10Th section Of chapter 81 OF the Code and prescribing the
following scale OF all companies 10 which the pro-
yIsons Code above referred to may apply: I'm d
meeting Stockholders each sockholder may 10 poison
or BY proxy give The following VOTE on whatever stock ne
may hold 10 The right wilt One vote Tor each share
Of such stock exceeding and for four
shares exceeding But when the Sateis sockholder,
her shall exceed twothds Of The whc number OF
votes given by others in The election or on the same
question"
By the charter The Jane, River and kana~ha Compa
nv each stockhoder 10 entitled vote for each share
held by him. tar haes and 10 vote for every
ave shares above ten. Tho Common wealth OF Virginia is
entitled fourth Of the number OF votes given aud hrc
hundred besidcs The city Of Richmond in accordance
with the provisions of amending the charter Of the
company Is entitled to 9s5 votes
The usual attendance the meetings Of the stockholders
70, several years past, has been as follows
individusI stockholders having $500 vot
The Bank of Virginia having LUIS
The city Of Richmond having Ss5