Litchfield enquirer., 1854-05-11
f14nnKon11 1l.asAnR.
7T711na 1F m 41n4le

I,kn ratr fk1t has oInpsed Ioinoo tl1n Iegis' 1nertn iaus ean4snhd Aa1 o41'b1ea an 1zita, orfinalV itrrss ol r|oItnce. b lhp aeiion Q! sshe eic'aenis. .brlh 6I Ihs phyalftl and sotial world. Petitioner 6epQpu|tlsd large ci. rio.>-0oo11 nod nItl nrse NVepA away tne pruduciB q labor and iheN sifuci1fss q ait-a sS1sesSls hnsb devastated commorco, and eBnA ssa1si ihousnnds toa yaiesy gfave--smbiiion hsS violated every principle oE AsoFSlilg and Hesj, sn rescls ts ISso6 in Sls; eift Al sha ne.nln -de1nolism laB efanbed a Inc nnen. 1ra of ,snivcrvai ddrui1ione oS Id kI6ss sk. seens. sl,o demon cf udf huz Faised lis hlodd, -slandanIi, and is Halhelipk myriads ,o she I;al. .6f slau1hser., Bnt fhG cilizens, of tisis Staf, have much cause Or &faiiiuaS topthe wis, DisT6ssf Seiiit. Labor iH sKs EsId xnE in The E1rksll0p hne received q f;,lI rewsrd-7- Sensensise hha feslpred tho deyastatlons of the elements ihR 16ttt09ing ,aneeI .has given . word of adnffhilian, and kirdly passcd by the aenetpIaa ssnis q SierH. hac euPPIagted1 tle reFsntssi gss rf gain, Gud pafTioiism has broken ks 3lsains 6f party Identification, and rcslored SdE tisasions to their primitive PuoI ons ol ,hs lisst dttis. of th. LesisIsture wil sbe, t6 sxamihe win gseat deliberSt,or and SadtioH, dll biIls tSf pd6Iic acts. Our le.. gal system is fIG work of ages aud is liable s0 De materially ihjnsEd by hSsty aAd illsadyisedi legislation. Eee6fal ssa.dses of recent date arc obviously defective, and need e9srection.i None should att6.APt to amend tlis law to any considerable extef!t tlwilhour thS qualifications of long experienced. pTofaund learning, sun,ir- ipgcaoiions and ksen-sishied ssgaciiy. N, "
 By asfAinfe 0f tho last session an important change was ymade in the law regarding the security ot disehaFse of dthss and liabilities The policy ef our sysisfn of jurispfadence had previously heens t0 bllow ahe mosf perfect freedom soE artions both to the creditor and debtor, provided the transaction was not cons ,aninal6d Uith fraud. Tue former could, by superior vigilance, obtain prioray of securi. ,y+@the laitcr reouid apply his money oFmeahs tofhe satisfactionaoF security sot any just claim without fegatd to Iis other iiabilities.y sTLe object of tlss lsw of 1853, was to secure q more equii able distribution Of the assets of m iEselvcpt debtor, and this result would un- be questioned Mhetlfer lhe restraint which ii imposes on business transactions, tho obs;a. clcs which it presents to obtaining pecuniary aid, the insecurity which it gives 10 titles. and the enconras cement which it holds out to un- ahsifiy fgades,aen, tp provide for thsmselvc. (. OHt Of theswseck 0f their property. by taking advantage of ihe law, do not mors than co,iri- Ierbalance all the benefits which can be ex. pecfed tc accrue from 1t. In my judgment il necds, at ieast some important amendments.
 Mnch of the lime of tho Legislature, has for many years been occupied in Eafmin 2 pris vaic ccrpofations. phese combinations oi wealth and inHGence have, doubtless, coniri- huicd largely 10 the wealth and prosperity ol tho Stase. But everything which is powerful to do good, will, 1! perveficd, j, be dangerous insfruInent to do eslI. Every charter of in. corpofaiinn onghs 10 De siricfly scrntinized. aud eifscinally restficted to iis appropriate ob- ;cct HsasA E5stia aat3sH 1EifN.A t@ada9Es{
 or such Corporations inc most prominent arc Bahlls. These associations, in this State have, with few fxceptions, furnished a safo currency. and have materially contributed 10 si,e gelefal prhsperitys Tue report of the ComhissiDnasgs sslli present a particular ac. eoucf 0fsllseir present Tcondiiion. Tho idea which has. preEnilssl 10 rome, extent Sfhaif fheae Corporations are parlicplarly beneficial to the T,ch, is mere delmsion. So far is this from the truth, fiat WilerG tleS conline aheif opper. siticns sD' iheif appsdpriAie BuSinsss, Hey pSe veRtsflle ah6a0p6lY 0l @Aa alth. tlIcF cnabIeiin dastrys ensfsys and snse& &fiiy, ssiilsouts peca niafy aililiiy t0 c0naEete s1ceessfnliy witl riches and infinencs. Many of our, saIos weaithg ciiizenswero enahi6d fd enter snpon . eosifsesofs hnsincss which carried them on, to sfiuenee by the sfacilifies affafdcd to lhem, when vsiihelt esdbllarsahy AsDkins insiNu. aial,s. Butia fesoFt {, ydisFepptsble 9praclices tnFrocurlng seaArtsrs, fRY0ritism inlxdisfribH- fling stock aTiialiiy ip granting pccomlnoda- iloas, aud ille witbdtawal Itf capital, for ,he sakAQf incTeasing d;yidends. .lrom, it's 1egifi
 mac use. pll of which are generally believed soshaye, to some extent prevailed, have brot adegree of odinns on ihese insiIulibns which does not ptpper:g belong t6 them. sa isisla ', k is much 10 sgfet,6d. that iherc shouitl have been apy j6st gtoand crls ccshpIaint against inss;tdtioRs oF snch general bent f. 1. sAs 10 spectic law lss herefoioie xiatsd on 'sese suhjrct, it would be tnlirt 10 in,pose pen. aifies icf what 'is passed sIsuti II is important shat the EfsislAtafe sh6ald psoviae lors tlc 4ai,ifs, soi the necessities of bhsiaees. s,hefd As,hc sssoancst tempiaiien oinsake improper sntcstniosse. md is make unjust distinctions n etaliIng faciiitjes. when the need 6ofssc, 'ss4Nslodhti0ns is ihs greaseslE Eiaansial e,n' AsEkd ssiasis,s are bf coniinsal fscnfrencgs < and usAy ae ascri9ed Resllapg osnsIcll 10 wani oI 7saai,os in 6asskipg ilsIiiutiols, in seasona ol
 The gcseiai bAnkihG a8@, U kus sappSsea
 
 sea.edy ieF all 5eIihisnsies of out 6anlinT 5s. seihl II aghii0 canaos io bcl ad,niifej. illoa sdoss se greas exIenf isccare .souyd senr. sstcy. hAt ino.is importanl fcqaisite, that of snppiyiaa aianas ibfs sles tsaasaciian ef hesi. snesfsit ls gadieAl lls dcftrtisa., ,Suppaee two banks With acanilkI 0f ene hundred ifo,,sapd sdollssa each ,shoplJ Ne tasmcl :, ono Ni,G. sihs snss,ei ehasisfs and thr Qshpr under thu aenernl Aanklag law, if sae 9pIsal slock st.ou' ( ks os paid in. one would have ohe hundred thou sand doilars in spseie, or iiS equivalent, an. Nhs 0.hgs Mauld hases enc hnKdfesIl lhobsanl -dollprs n tpeukiiiess in ahe hauds of she Trea zsiifrrsof tlls Siaic. The foFmer rOni | sAen is Asnefhlils 1f ila own 10 ths amount of enc hiis sdfci aaa Mily shousa1A dnllArsx and con, sistsfs2s sap n diseopplea papeF this n ,n' 4oGeftsf %;fI2 nixeiy, llppasand lars U n hfpnd1 lssp1ypn hand, lessipg siilI Ion ,l.a, asand dollars sie speoie m ihe yanlls pf q Hank. The q Ter wpsid hass nothing to Ioa -lhps ils oNa " Istp fke amount of one naDdfs -4l.& u Il Al