Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1860-05-25

thoir capital stock, and that monthly returns
should be rendered Of their expenses ana earn
inrs-which should be open to the public
Ono feature was to be, that no certificate Oh
stock in no railroad keeping n transfer oi'lce IN
this State, should be negotiable, nntii It's gent
~;nencss should be verified at the clearing mouse,
ond the endorsement OF the Fact recorded on
* back. Such al arrangement would render
tbo fraudulent orer-issue Of stock impossible.
We drew up a bill introducing those features
ond had il nrintcd It our own expense, and
semi it to 9 friend in the Assembly, who rcport-
cd il. but told lis that it was subsequently
Stranded by the railroad interest in the LcGis-
loturc. IS matters stand now, stockholders
are Mt the mercy Of Il transfer clerk. Diyi-
dcnds are payable once in six months. From
enc payment to another he has six months to
work upon. He may Over-issue large amounts
of stock in fictitious names, and cause these
false shares to be sold in the market and pocket
the proceeds. When the next dividend day
arrives he may sell another batch OF false stock
"ex.dividcnd," Or on time, and thus realize the
means Of paying the dividends on the false
stock, or of r%edccming false stock hypothecated
to raise the winl TO redeem prior hypotheca-
tons of spurious stock. Most commonly they
hypothecate the false stock, and gamble in
stocks with the money obtained.
However solid and correct the Panama Rail-
road shares may be, the people will not b" dis.
posed to trust il until its share list IS also over
hauIcd and found to be all right. The sooner
This is done the better.
Prince de .~JoinYiile canir IN III the steamship
Europa 10 Boston, and was in New York yes.
tcrrlav. His hraic in the city is unknown
Thought il is said that lie had Il reception at Il
wealthy F~renchman'S up town. last night
The object ufhis visit is not fully known. He
travels in the character Of IL private gentlemen.
When the Prince first visited New lUrK, he
was a naval officer on board a French. vessel OF
war, and was then in the 22d year Of his age.
During his stay NJ that time, it is said that he
visited ST. Regis TN the Canada border, TO
enquire into the claims Of E!ea1cr WiliiaiiS,
to he the Dauphin of France. He may make
the tour Of TIN. United States. rs his ~lllustrl.
OILS father did. Which he wi!t now find an
easy task, compared to the facilities for
travelling ut the time Of the formers visit,
The Prince is nov AZ years ofage, and looks
not 4 day Younger. lie wears qnite 4 French,
manly look, and with Il fine moustacheand fine
easy carriage, and gentleinally bearing, would
attract notice in any crowd. lie rode up TO
his Bankers House yesterday near Wall street,
on whom he held a draft, where nc was politely
received, and after drawing us much money
MS he required, he politely retired and rc-cntcr-
ed his carriage. The Prince personally has
always hsrn popular will, the French pe"-
plc. more 81 than usually fails 10 The lot Of
any bourbon.
II is said that the Seward ,u-II of this riLy
were 81 sure of his nomination that they had
their flags with his name Oh them prepared
and cannon ready TO fire yesterday.
The weather after having been cool, cloudy
and unpleasant, is clear and sIlnlner-like Ia.
day. AMEKIrrs.
FIR Tie Ehq"irtr.
siarcry-StaIc Constitutions, &c.
MesSrs. Editnrs-I do no; court discussion.
| only wish to say that at least one EirSinian
denies that the people OF The Stale can abolish
slavery, when they form another Constitution.
| deny that they can 10 it consistently with
cur federal system, or, if there WAS no federal
system, that they could 90 it consistently with
the republican theory of our sclcgovcrnn,en;.
You say that if they could not do It, the mega,
tive doctrine would place the Constitution Of
the United States above the Sovereign States.
I lad supposed that III The Union; the Federal
system is supreme over the States. All admit
that the State in making its Constitution, is
subject 10 tut Of the Ehjted States. What is
meant b. sutject, If not that the Constitution
Of the United States is nbors the Sta:cs, so
long rs they remain under its authority? 1t is
TIRE. (or nj least [ admit, that there is in the
States. each for itself, Il reserved sovereign
.,,- t;,no Can c,,ch NC 10 n
by itself, or in concert with others, be inllu-
cnced by, and by resort to such mode Of action
rs it may adopt, to refuse any longer to con-
tinue in the Union, and take the chances
lin getting QUIT Of peace or war; but ] have
been believing also that They must, whilst
remaining in the Union, in forming 4 Constitu-
ton, as well Us in any other State transaction,
be submissive, that is, obedient, to the autho.
rity of the Constitution which they themselves
have established over themselves.
do moi ask 10 have discussion Gin your
crowded cclumrS) of this subject, though there
is none ether that is SO important. ! know
how extensive is the error that, in our system,
the State can do no wrong. ! wish. however,
to make confession that | nm simple enough to
have The negative belief about it, and brave
enough 10 declare that if this State, in my day.
attempts to take my slaves from me, for the
mere purpose Of getting rid Of them, | will Put
force against force in trying to hold on 10 my
rights and win success or die in the attempt.
I would defend my vested right Of property as
would lnv right Vi person. J would de-
fcnd that right Of private property Us would
my republican freedom, for they are one and
the same thing. The one cannot exist without
the other. The one has exactly half It's exist
cnce in the other. It is true that 4 human be.
ing may exist without property, but he can
not he free without the qight Of proper
tr. The personal freedom Of the man
wonld die under the operation Of his gov
eminent dcpriying him Of his property, at
the mere pleasure Of the majority, however
we'll considered that pleasure might be, il
against my consent. That deprivation Of the
negro is the chief element in his slavery, be-
yond that Of the higher order Of white men,
who make their honest living by the sweat OF
the lace. With us, and by our system, the
negro is deprived of the righto of property, and
is by that deprivation, by statute, continued
the Slave he was made by use and custom. lie
was made, by use and custom, y property, be-
cause the pcculiaritics OF his inferior race nat
uralIy constitute in him that quality. 1t is
only because the quality Of property in him is
in a higher order Of existence than in any other
species of property. and not because the quality
less inheres in him than in the horse, that the
negro is and ought to be dealt BY differently
by his owner, and BY the laws governing the
relation nf master and slave.
r r. COLLIER.
PETERSBURG, May Il, 1860.
Democratic Meeting in Elizabeth CITY.
At all adjourned meeting Of the Democratic
party Of Elizabeth City county, held ut the
Court. house in Hampton, on Saturday the l9lh
instant, George Wray, Esq, took tho Chair,
and Richard II. Jones was appointed Secretary.
The committed, previously appointed, con-
sisting of MeSSrs. !. B. Cary, J. b. Hope,
Henry Watson, II. ". R. Vaughan, Samuel La
timer, DR.. &. VI. Semplc, and Samuel Phillips,
unanimously reported, through their Chair
man. the following resolutions:
Whereas, the Democratic Convention, which