The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-02-01

In the Senate of Maryland, yesterday, Mr..
LYNCH, from Baltimore county, reported, from
the Committee on Corporations, the Bill entitled
can Act to incorporate the Baltimore City Passen-
''ger Railway" The Bill was reported, without
amendment, and by unanimous consent-so that
this scheme of plumber is launched upon the sea of
legislation under very flattering auspices. 1t is
perhaps, the first act of Incorporation ever pro-
posed to be granted, by General Assembly of
Maryland, to citizens exclusively of another
State-it is certainly the first charter ever con-
ferred upon non residents, to authorize them to
charge for Il service nearly double what
our own citizens would gladly perform a
better service for. We have read the Brock BILL
it proposes, substantially, to confirm, by act
of Assembly, the ordinance under which the
Philadelphia party have usurped the right
to monopoze the passenger transportation
in our principal thoroughfares. The only cor
porators named are JONATHAN Brock, JOHN Ely
LAURENCE JOHNSON, CONRAD S. GROVE, and
ROBERT F. TAYLOR. 1t fixes the capital
at two millions of dollars, and authorizes
the creation of a coupon debt of one
million more. Here is substantially q sum of
three millions of dollars provided for doing q
job which will not cost five hundred thousand
and the object is perfectly manifest Give these
men this charter, and with INSCRIPTIONS manage
ment and their nscrutable opportunities for inha-
ting tie value of their shares they will have no
difficulty in getting off their stock and debt at
rates which will net them from one to two mil
lions drawn from the capital of Baltimore.
There is no mode provided in the charter for ex-
aiming into their atfairs-no mode of ascertain
ing their profits. They have only to declare one
or two enormous dividends payable to them
selves, and all in the famiy-only to make one or
two extraordinary returns, from the one cent park
reservation, to the city treasury, and plenty OF
people will be found to invest in the splendid shares
which produce such magnificent per centage.
They will then be let 90 and our Northern friends
will retire with their honest gains, leaving the
people of Baltimore purchasers of a road at price
three or four times its actual COST which, it is
now pretended. they have neither the money nor
enterprise to hnild.
Another Bill has been printed, entitled San
'Act to incorporate the Baltimore City and
County Railroad" incorporating certain well
known and highly respectable citizens of
Maryland with capital of six hundred thou
sand dollars TO build street railways on much
more extensive and convenient scale than that
proposed in the BROCK Bill. In this Bill the fare
is limited to three cents between any two given
points within the city limits; fire cents to the new
reservoir at Hampden on the Falls road, and ten
cents 10 the lake at the Relay House. These cor
porators are required to open books for bona tide
subscriptions for the stock; equitable provisions are
made for distributing this stock in case more than
the capital is subscribed and Also for paying for
the track now in the street. well as for the cars
horses, &c, If their present owners desire to sell
them. This Bill further allows the city to impose
tax on the cars of the company not exceeding ten
thousand dollars per annum. Can any honest
man hesitate between these two propositions -
Throwing aside all remembrance of the past a
concession for which the Northern operators cannot
be two grateful forgetting all their corrupt in
trigues-ther open alliance with the worst elements
which have been in action in this city for twelve
month"; their insoence, their lawlessness-and con-
sidering these two charters on their own merits
what man, who has honest brains in decent
working order, can doubt which is fairest p
1t was said Yesterday in debate in the Senate
that the people of Baltimore had not memorialzed
the Legislature on this subject and had expressed
no repugnance TO the BROCK charter. Upon this
point the General Assembly may safely assume
that the people of Baltimore have common sense
and that they have not considered it necessary to
say to their representatives that they are opposed
10 manifest imposition. They have not seen fit to
impeach the integrity or intelligence of mem
bers by formally protesting against egalizng
fraud which their press has denounced with
one voice, and which is one Of the most shameful
parts of the most disgraceful period of their his
tory. 1t will be impossible for the mass of this
people ever to become satisfied that any well in
formed man can sustain such a measure on proper
motives One word more. The Democratic party
has been appealed to, and not in vain, to pro-
mote reform in Baltimore. 1t has responded to
that appeal in way which viii endear it to
many to whom its name has hitherto been moth
ing but Kissing and reproach Without as
sumng voice in its councils, we cannot fail to
perceive that as mere question of party, it could
not involve itself in a more unfortunate compli-
cation than by becoming responsible for the most
unpopular measure which has ever been proposed
in this city.
.asa =; VI slaves INTO KENTucKY-By
statute passed IN 1888 the Importation of slaves into
kentucy, tor purposes of traffic n y, s'a,es INTO
bill has been introduced into ~, Vas forbidden.
turs repe aling so mach of this Iapr cy Leglsia-
the statute book. The proposed 90 remains upon
much opposition. The Frankfort Gou excites
saws that If the law is repealed, the 'oh'oeauh
-o1 for all fha nd inauh