, 1869-11-20
REAL ESTATE.
MONETARY and COMMERCIAL.
MONETARY.

.. FkInAr ETENlHa, SoF, H.
There a a natter nf great importance to eyesy
nerchans, banker. trades, and farmer in the State
o! Ilboss, which may. Or At least ought to- euIt.t
the Efforts Of the forthcoming Constitutional Con.
EeLsion IN their hehaH. We meas soue legal re-
er1cs'on whcb shall prevent the railroads charter
Cd hs tie Stats from draining ih= State Of money
snd csrrJ ing II OF to New YORK 10 u.e IN stoct
gan bling. Teat this Is the result OF the present
sJttsn Of financial management Of the railroads,
Cot en'J Of this Sale but OF the West generAly,
10 well ACoSn 20 those who hare R.Ten tho s7.ject
any thought. The railronl14 chartered bs the
State kre7 ihc!r rrt-ctpat Offices IN The city OF
NeE Ynrk The Offices where the!1 stocks ars
nG.A;cied, E1d wEe:r a.oae certificates Of the
oHnerthtp Of their stock eau he trAnsferred from
oue party 10 another, a. also the vast aocunuta-
tors Of money from the re'enue OF the roads for
freight aod las*rrscrt, nc teapzd up there. To
Certain and Reasonable extent this cannot be OBJ.
iccted to, teca2-e Large majority Of the s,ocss
are owned oy EssteEn caplausts: tho bonds Of the
Ftacs arc Negotiated there, AID the iateFe.r o.
item Is payable there, xhlch necessarily reou!res
tfe xeepinQ Of considerable deposits there. Hut
TIC afHR Of New y:rk the Only place where the
thares Of The coupaules eau be transferred from
the Party to another, g1res Hse to an abuse which
tirs harm to the tuslncss intetwsrs OF The whole
privilege, the facilities Tor Gambling In tie STOCK,
Arc concentrated in Nex York: that ia made the
OILY pace where 1t Is possible to gamble ia thez.
= 8h:a ere bil. there would be no 1n2faot Fyopv
10 the business suterttts Of this State, p1t II e
wei kptwn that nearly iii the officers aud Drec.
iGts ot the so,ds arr thenstyes nfEc oper1to,, IN
ttocSs. As gs. eral Thing, their object to holding
s:ocs. and N bet' Dtrec:oss and nanseerf. rs nj
~ nuch for The cattimAte pEouts In the earntpvs
II rnFt tft h..1r
The rrrrnuss n tie roads TO le used Ia stoce nm.
hli1g. to BE- used In "bulllue " 0. sbea.tnz The
str5 s'ocls WHICH rrutiuce the rcScoce, TN, no,
only giving the stocks tina: peculiar tns,sellty
Ind nuetusttnR value which dehass Al. Inv estmeu,
for regular and legitimate pront, and 70 urots
them fur the Investments OF b1ats ann
trust ccnpanies, but rcnorseleI1lr lrnns
every dollar Of the revenue collected In .he
Slate. over AID atore the current expenses. or Ia
Ne iofs, TO all IN some clique movement II
ttocts 1t Il eetiDated thar the Northwestern
'he Rock Island tho illinois Central. and fcw
oshtrs, have at tlmcA as high a. ten millions Of
dollars OF rpAppsoi1la.t d:rcsenue IN New York. 4
portion OF tht, Ii t1u. Is hed tor the payment OF
eccsu!ng lnIeres, nhd dlvldendf, put Il 1. we'll
lco"u, Auot II IT were necessary, recent tnstonces
could lie cited, where the last dollar Of arcao1.
lastng revenue Ct soEe Of The Zolds In tsls State
hai been fenovtd TO New Yesk 10 te uAe.l IN
sieck gambling. It needs no logic to Prove ,nat
this Is An abuse Of the privileges luteu,eu to ee
etante' In thels caarters, and craio Ct money
not wsrtaLted cyen by the extensive Eastern
o*rcsship Of Western stocss; dr4o
which damages eyery bua,pess inter
est In the State. By making money
teascc, and aiding to depresa the price Of the yery
products from the transportation OF which the
revenue ,s produced. We Lare heard SONG lcca1
authority cited, to The effect that tho
Constitutional Convention might secure the
ra.sn2e of rome general Incorporation law, which,
While II would ncect ro1e VI the r;shta 1eltel ii
taese tttroad conpanIC4 by thett SPECIAL caaEtesa
would ahl'ge them TO Keep their pr1acipal ots :s-
where alone rLe1r stock could Dc uauste.std-
within the boundaries Of the Sssts. Tes voulI
semose The Mo.:ee fer the excess,ve dram TO New
iorI cay OF the revenues Of the foa 1s because It
won!d bs m almost tn.1rnonne 1be ohstac,e to
the gambling operations IA these stock. tn Wall
t&ftet, Aside 1rOill ldrse roEs tlerstopd yhc sys
TEN CT special chsEtets by the Lesitta.nre 10
eserS 1asnt STOCK Association Is a cusse 10 the
state. 1t mates the procuring Of charters recu.
1sr tEade. In Eh'ca set Of 1obo,ing harptes 1ocx
TO Springfield n every session OF The legislature.
~lth POCKETS Iu1l CT money, 10 bag up the mem.
ten, ard come home with charters Of eyerv KIND
10 cell
Local ncanccS show no particular ehnnor.
Money Is light, apu the amount Of loanAhle funds
Ia my shape, at the cu,nmaud Of the bant1 is
yery small II the demand wcYe really pres.,ne-
h1ch It Il not-tne UAzket would q. once hw,ou.e
very stringent
Currency isrett,ps searcer. The auouut being
TEXT tnlo The country u smal!erfthan durtou sue
tirss OF the wees bu. there Is scarcely any coming
IN just at prescnt and the effect Of the dcple.,pa
vi the stock II this Insrtet Is Quite percepsta!c.
ExchAeEefA \ little weaker than at the bsR11-
hpR Of the week. but chte15 on ncconut Of 1httue-